The Los Angeles Kings last night dealt defenseman Lubomir Visnovsky to the Edmonton Oilers in exchange for center Jarret Stoll and defenseman Matt Greene.

As per the LA Times this move clears over $10 million in cap space for the Kings although it’s uncertain if they’ll be making any significant moves in the UFA market. It’s been rumored they might re-sign Brad Stuart, whom they deal to the Detroit Red Wings at the February trade deadline.

For the Oilers it’s a more intriguing move, setting up the possibility that Joni Pitkanen may have played his final season in Edmonton and could either be dealt or signed away via offer sheet. Visnovsky is a puck-moving defenseman but the Oilers were also believed in the market for a scoring forward, which Pitkanen might land them in a deal.

The Tampa Bay Lightning have gotten a jump on the UFA market in a big way over the weekend, acquiring the rights of forwards Ryan Malone and Gary Roberts from the Pittsburgh Penguins and forward Brian Rolston from the Minnesota Wild.

Malone re-signed a seven year, $31.5 million contract with the Lightning on Sunday, which breaks down as $4.5 million per season against their cap but is front-loaded to pay him between $7-$8 million per season in the first two seasons, while Roberts is believed close to signing  has signed a one-year, incentive-laden contract with the Bolts paying him a base of $1.25 million that could rise to $2.07 million if he achieves his bonuses.

It remains to be seen if they’ll get Rolston signed as it could cost them around $5 million per season but evidently the Lightning’s new ownership aren’t concerned about it otherwise they wouldn’t have wasted their time.

If the Bolts should get all three under contract it’ll have only cost them a third round pick in 2009 to the Penguins and a conditional pick in 2009 or 2010 to the Wild.

While these moves should excite the Lightning fanbase it is troubling to see them loading up at forward whilst doing nothing so far to address their weaknesses in goal and on the blueline.

This summer’s UFA market is now short two defensemen as the Colorado Avalanche announced Sunday the re-signing of Adam Foote and John-Michael Liles.

Foote’s contract is for two-years, $6 million, which will count as $3 million per season against the Avalanche’s cap, while Liles’ new deal is reportedly four years at over $4 million per season.

It wasn’t unexpected to hear of Foote’s re-signing but Liles was long rumored to be on his way out of Colorado, and he might’ve received over $5 million on the UFA market. His agent however last week expressed a hope that his client would be retained. Retaining both should provide stability to the Avs defense corps.

Sorry for the absence, folks, I took a day off on Friday and my wife and I are spending some time with my son before he heads out for basic training with the Naval Reserve on Sunday.

Lots of activity leading up to July 1st as teams scramble to lock up their RFA players and cut loose some cap space via waivers and buyouts. Here’s the most significant as of today (June 28):

The Tampa Bay Lightning acquired the rights of forwards Ryan Malone and Gary Roberts from the Pittsburgh Penguins in exchange for a fourth round pick in 2009. Should the Bolts re-sign Malone prior to July 1st the pick is upgraded to a third rounder.  

It’s a bold move by the new Lightning ownership to gain an inside track on signing one or both, but if it doesn’t work out all it costs them is a mid-round pick next season, one that could be easily replaced by trade between now and next year’s draft if required.

If it does pan out and they manage to sign one or both it’s a small price to pay.

The Philadelphia Flyers as expected re-signed forward Jeff Carter to a three-year, $15 million contract extension, and no, this isn’t a “sign and trade” on their part.

This signing pushes the Flyers payroll to over $51 million next season so if they’re still looking at landing a quality puckmoving blueliner via free agency they’ll still have to find a way to free up more cap space.

The Anaheim Ducks bought out the remaining season of Todd Bertuzzi’s contract in a move designed to free up cap space to re-sign key free agents like Corey Perry but they might still need to move another player, possibly Mathieu Schneider, now that Scott Niedermayer has decided to return with the Ducks to play out the final season of his contract.

As expected the Calgary Flames announced the re-signing of impending UFA center Daymond Langkow to a four-year, $20 million contract, but also re-upped Craig Conroy to a two-year, $2.1 million contract and retained forward Eric Nystrom and goaltender Curtis McElhinney to one-way contracts, suggesting the latter two have locked up roster spots for next season.

A solid playoff performance by Loui Eriksson likely cemented a new two-year contract extension worth $3.2 million ($1.5 million for next season and $1.7 million for 2009-10), who also had 31 points in 69 NHL  games last season.

A Campbell was re-signed but it wasn’t the Sharks’ Brian, but rather Gregory Campbell of the Florida Panthers to a two-year contract believed worth more than the $525K per season he earned in his previous contract.

The Panthers also bought out the final season of forward Jozef Stumpel’s contract while the NY Islanders have bought out the remaining season of Shawn Bates’ contract and the Columbus Blue Jackets did the same with Duvie Westcott.

Nothing like a $6 million jump in the salary cap to spur some teams into using the buyout option. Last season only one player of note, the Islanders Alexei Yashin, was bought out; this season, nearly a dozen, although two, David Tanabe and Dan Cloutier, intend to fight the buyout by insisting they’re not medically cleared yet to play next season.