A little news before the draft later this evening/afternoon (depending where you are).
Boston offers RFA Phil Kessel to Toronto for Tomas Kaberle and the 7th overall pick. If I was Toronto, there is no way I'd give up the 7th. This is a deep draft year, and the player they pick could very well turn out to be a of Kessel's caliber. A straight up exchange seems fair to me. http://tsn.ca/nhl/story/?id=282921
There's rumors circulating that Roberto Luongo has already, in principle, agreed to an extension with Vancouver, but as per the CBA, extensions cannot be signed until the player is in the last year of their contract - ie. once July 1st hits. At the outset of this rumor, there were no length/cap figures released, but according to a local radio station, it's a 5 year/40 Million dollar contract. If that's true, I'd be very disappointed. His cap hit would increase from a 6.75 Million cap hit to 8. However, this radio station has been quite bitter towards the Canucks since they lost the broadcasting rights, so I don't know if that is playing a role in this, like it has in the past. http://tsn.ca/nhl/story/?id=282927