News: Dan Ellis signed a one-year, two-way contract with the Capitals on Saturday, Alex Prewitt of The Washington Post reports. Analysis: The 35-year-old will provide Washington with additional goaltender depth at the AHL level, but likely won't get asked to make many NHL starts in 2015-16, as he'll probably slot in as the Caps' fourth string goaltender behind Braden Holtby, Philipp Grubauer, and Justin Peters. However, Dan Ellis was solid when called upon by the Panthers last season, going 4-3-1 with a 2.35 GAA and a .914 save percentage in eight games with Florida.
News: Jamie McBain re-signed Friday with the Kings on a one-year, two-way contract, Lisa Dillman of the Los Angeles Times reports. Analysis: With Slava Voynov's status uncertain for 2015-16 following his jailing for domestic violence as well as an Achilles injury, Jamie McBain could have a shot at settling into a regular role on defense for the Kings. He provided better-than-expected results as a fill-in last season when injuries compromised the Kings' depth, contributing three goals and nine points in 26 games while seeing limited ice time.
News: Derek Smith signed Friday with the Coyotes on a one-year, two-way contract. Analysis: Derek Smith played in Switzerland last season for Zurich, recording five points and four PIM over 25 games. The 30-year-old will function as organizational defensive depth at AHL Portland.
News: Eric Selleck re-signed Friday with the Coyotes on a one-year, two-way contract. Analysis: Eric Selleck will more than likely return to AHL Portland this season, after accruing eight goals and 23 points with them over 74 games in 2014-15. The 27-year-old isn't likely to be near the top of the list for the Coyotes as a potential forward call-up.
News: Cory Conacher signed a contract Thursday with SC Bern of the Swiss Elite League, David Pagnotta of TheFourthPeriod.com reports. Analysis: After flaming out with a number of NHL clubs over the last two seasons, Cory Conacher will now try to recoup some value over in Europe. Conacher is still just 25 years old, so the door is hardly closed for a return to the NHL down the road.
News: Andrew Ebbett signed a contract Thursday with SC Bern of the Swiss Elite League, David Pagnotta of TheFourthPeriod.com reports. Analysis: Andrew Ebbett split his action between the Penguins and their AHL affiliate at Wilkes-Barre/Scranton last season. Seeing light minutes with the parent club, he finished with a goal and six points in 24 games, but scored at a point-per-game clip with the AHL club. He'll have a chance to shoulder a large offensive burden with Bern, and if he performs well enough, he could earn himself a one-way NHL deal if he elects to return to North America next season.
News: Cody Bass signed a one-year, two-way contract with the Predators on Saturday, Adam Vingan of The Tennessean reports. Analysis: Cody Bass, who registered 14 points in 61 games with AHL Rockford in 2014-15, was signed by the Predators on Saturday in order to provide the team with some depth at forward at the AHL level in 2015-16. He will likely spend most of his time with AHL Milwaukee next season.
News: Andrew MacWilliam signed a one-year, two-way contract with the Jets on Friday, Ken Wiebe of the Winnipeg Sun reports. Analysis: The Maple Leafs didn't tender Andrew MacWilliam a qualifying offer after he split time between AHL Toronto and the parent club last season, appearing in 12 games at the latter and recording no goals and two assists. The 25-year-old will provide the Jets with organizational defensive depth from the left side.
News: Ryan O'Reilly's contract extension with the Sabres will be for seven years and $52.5 million, Elliotte Friedman of Hockey Night in Canada reports. Analysis: The $7.5 million annual average value on the deal makes Ryan O'Reilly one of the game's highest-paid players. The Sabres and O'Reilly structured the contract in an atypical fashion, as the salary for each season is only $1 million, with the remainder of the money coming in the form of a signing bonus. It's a steep price to pay for Buffalo, but one the franchise deemed necessary in order to continue its overhaul of one of the league's weakest forward corps. It's worth noting that O'Reilly has scored over 20 goals just once in his career, and the Sabres' previous big money signings - including Christian Ehrhoff and Cody Hodgson - haven't panned out at all. Still, O'Reilly figures to get a lot of ice time in Buffalo and should provide some decent fantasy value.
News: Joel Ward signed a three-year, $9.825 million contract with the Sharks on Friday, CSN Bay Area's Kevin Kurz reports. Analysis: After the Capitals replaced him with Justin Williams on the first day of free agency, Joel Ward ended up finding a home on the West Coast, where he'll join a veteran forward corps. Ward skated primarily on the third line with the Capitals in 2014-15, notching 19 goals and 34 points in 82 games. Historically, Ward has saved his best work for the postseason (14 goals, 21 assists in 53 playoff games), where the Sharks have infamously failed to come up in the clutch in recent seasons. The 34-year-old Ward probably isn't alone going to get them over the hump or even back in the playoffs, but he'll at least provide the Sharks with a serviceable third-line sniper.