Exercise in Futility: Blackhawks Salary Situation
<p>The Chicago Blackhawks' salary situation is one hardly worth exploring right now. With a rising salary cap (projected to be $113.5 million by 2027-28) and young players still on entry-level contracts, there isn't anything to worry about. That doesn't mean Kyle Davidson can do whatever he wants without planning. He still needs to be smart with signing young players. </p><p>We're exploring this topic because I recently published our <a href="https://fromthepoint.cc/salaries/" rel="noreferrer">"Salaries" page</a>. There, you can view the current Blackhawks salary cap situation based on the current roster. It's updated by me, so don't expect immediate updates after a roster move. But I'm hoping to make this place a one-stop shop for Hawks information. </p><p>Alright, let's start with what Kyle Davidson has already done.</p><figure class="kg-card kg-image-card kg-width-wide kg-card-hascaption"><img src="https://fromthepoint.cc/content/images/2026/01/Screenshot-2026-01-27-071750-1.png" class="kg-image" alt="" loading="lazy" width="1335" height="770" srcset="https://fromthepoint.cc/content/images/size/w600/2026/01/Screenshot-2026-01-27-071750-1.png 600w, https://fromthepoint.cc/content/images/size/w1000/2026/01/Screenshot-2026-01-27-071750-1.png 1000w, https://fromthepoint.cc/content/images/2026/01/Screenshot-2026-01-27-071750-1.png 1335w" /><figcaption><span style="white-space:pre-wrap">The salary cap chart, for your reference.</span></figcaption></figure><h2 id="signed-players">Signed Players</h2><h3 id="frank-nazar-6599991-x-4-years">Frank Nazar $6,599,991 x 4 years</h3><figure class="kg-card kg-image-card kg-width-wide"><img src="https://fromthepoint.cc/content/images/2026/01/image-11.png" class="kg-image" alt="" loading="lazy" width="1137" height="51" srcset="https://fromthepoint.cc/content/images/size/w600/2026/01/image-11.png 600w, https://fromthepoint.cc/content/images/size/w1000/2026/01/image-11.png 1000w, https://fromthepoint.cc/content/images/2026/01/image-11.png 1137w" /></figure><p>Frank Nazar's first year of his new deal hasn't even started yet. So it's much too early to make bold declarations. That said, the signing in and of itself was a strong declaration. Kyle Davidson is gambling that Nazar is this franchise's 2C. Considering the annual average salary (AAV), it's a low-risk gamble. Also, this was the largest deal a player signed with the amount of games Nazar played (56—not even a full season).</p><p>Davidson is taking a swing, and if it's a miss, this deal won't hurt the cap. If Nazar hits, this is a steal that's setting up Nazar for a hell of a payday. Except, I haven't been impressed with Nazar this season. That 21-game goal drought is enough to have me concerned. Goal scorers in the NHL don't go cold like that. They go cold, sure, but not 20+ games cold. </p><p>Granted, Nazar was probably playing hurt (my speculation), eventually <em>was</em> hurt, and is playing his first full NHL season—one that's compressed by the Olympics. </p><h3 id="spencer-knight-5833333-x-3-years">Spencer Knight $5,833,333 x 3 years</h3><figure class="kg-card kg-image-card kg-width-wide"><img src="https://fromthepoint.cc/content/images/2026/01/image-12.png" class="kg-image" alt="" loading="lazy" width="1134" height="52" srcset="https://fromthepoint.cc/content/images/size/w600/2026/01/image-12.png 600w, https://fromthepoint.cc/content/images/size/w1000/2026/01/image-12.png 1000w, https://fromthepoint.cc/content/images/2026/01/image-12.png 1134w" /></figure><p>Spencer Knight is in the last year of his current deal and signed his extension just before the season started. Knight has impressed and will more than likely get a fat raise. He's among the league leaders in goaltender metrics, and that's with a poopoo defense in front of him. Knight is eighth overall in goals saved above expected (12) and is 14th overall in save percentage (.914).</p><h3 id="alex-vlasic-4600000-x-5-years">Alex Vlasic $4,600,000 x 5 years</h3><figure class="kg-card kg-image-card kg-width-wide"><img src="https://fromthepoint.cc/content/images/2026/01/image-13.png" class="kg-image" alt="" loading="lazy" width="1139" height="48" srcset="https://fromthepoint.cc/content/images/size/w600/2026/01/image-13.png 600w, https://fromthepoint.cc/content/images/size/w1000/2026/01/image-13.png 1000w, https://fromthepoint.cc/content/images/2026/01/image-13.png 1139w" /></figure><p>Remember when people (myself included) praised this signing as the potential steal of the century? That was when <a href="https://www.secondcityhockey.com/chicago-blackhawks-2023-24-season-recap-alex-vlasic-statistics-analysis-commentary/" rel="noreferrer">Alex Vlasic</a> posted some of the best defensive metrics in the league, you know, when Seth Jones was still a Blackhawk. Vlasic is still only 24 years old, and this deal so far is looking about on par. While Vlasic looks <em>good</em>, he's also somewhat stagnated. Remember, some were calling Vlasic a potential first-pairing defenseman when this team is playing meaningful hockey again. Some even <a href="https://chicago.suntimes.com/blackhawks/2025/01/21/blackhawks-alex-vlasic-hurricanes-jaccob-slavin-model-nhl-comparison-defense" rel="noreferrer">compared him to Jaccob Slavin</a>. I hate to say it, but this season (and the one before it) makes it look like he'll be a solid middle-pair defenseman. And that's okay. </p><h3 id="ryan-donato-4000000-x-4-years">Ryan Donato $4,000,000 x 4 years</h3><figure class="kg-card kg-image-card kg-width-wide"><img src="https://fromthepoint.cc/content/images/2026/01/image-14.png" class="kg-image" alt="" loading="lazy" width="1135" height="49" srcset="https://fromthepoint.cc/content/images/size/w600/2026/01/image-14.png 600w, https://fromthepoint.cc/content/images/size/w1000/2026/01/image-14.png 1000w, https://fromthepoint.cc/content/images/2026/01/image-14.png 1135w" /></figure><p>There's not too much here worth exploring. If Donato is on this team when his deal ends in 2029, he'll be a fine fourth liner. The cap is expected to be over $110 mil by then. </p><h2 id="pending-rfas">Pending RFA's</h2><figure class="kg-card kg-image-card kg-width-wide"><img src="https://fromthepoint.cc/content/images/2026/01/image-15.png" class="kg-image" alt="" loading="lazy" width="1139" height="79" srcset="https://fromthepoint.cc/content/images/size/w600/2026/01/image-15.png 600w, https://fromthepoint.cc/content/images/size/w1000/2026/01/image-15.png 1000w, https://fromthepoint.cc/content/images/2026/01/image-15.png 1139w" /></figure><h3 id="connor-bedard">Connor Bedard</h3><p>Connor Bedard will get whatever deal he wants. About the only leverage Chicago has is that they own his rights. Now, does Connor sign long-term? Or does he sign a short-term deal, use unrestricted free agency as leverage in the future, and get the big bucks? Fans shouldn't be worried about the fact that there hasn't been a deal signed. It'll get done. But that doesn't mean we can't ask, "Why hasn't it happened yet?"</p><h3 id="colton-dach">Colton Dach</h3><p>Colton Dach will probably get a small, short-term deal. He's looked alright on the bottom-six. Not sure I see him staying here long term. </p><h2 id="pending-ufas">Pending UFA's</h2><figure class="kg-card kg-image-card kg-width-wide"><img src="https://fromthepoint.cc/content/images/2026/01/image-16.png" class="kg-image" alt="" loading="lazy" width="1136" height="176" srcset="https://fromthepoint.cc/content/images/size/w600/2026/01/image-16.png 600w, https://fromthepoint.cc/content/images/size/w1000/2026/01/image-16.png 1000w, https://fromthepoint.cc/content/images/2026/01/image-16.png 1136w" /></figure><p>Nick Foligno, Ilya Mikheyev, Connor Murphy, Jason Dickinson, Matt Grzelcyk, and Sam Lafferty are all pending UFA's. Of the bunch, Mikheyev is someone the Hawks <em>could</em> resign for a couple of years. He's been solid on the PK and was one of the Hawks' best defensive forwards last season. This season? It's been a bit of a regression, but still. He's not someone I'd hate to see return. </p><p>Scott Powers identified Murphy, Dickinson, and Mikheyev as players other teams have shown interest in. I wouldn't hate to see the Hawks trade Foligno either. Let him go win something. Not sure what either Murphy or Dickinson could get you in return, and this isn't a trade deadline preview, but I wish Dickinson had been traded instead of signed a couple of years back. You know, when he was worth a little something. </p><hr /><p>Again, not much worth getting upset about. There are things Davidson has to be mindful of; not every young player is going to hit. Once Nick Lardis, Anton Frondell, Sam Rinzel, and Artyom Levshunov are out of ELCs, things <em>could</em> get a little tricky. That is, if all of those players <em>are </em>who the front office <em>says they are</em>. </p>