Should The Lightning Re-Sign Steven Stamkos?

In case you’ve missed the discourse after the Lightning’s first-round elimination last night (or haven’t read our preview of this summer’s top UFA left wings), Steven Stamkos is on an expiring contract. The future Hall-of-Famer has now wrapped up the eight-year, $68MM extension he signed in 2016 and will go to market on July 1 if not signed to an extension.

Over the course of his extension, the now 34-year-old Stamkos has overseen the greatest sustained period of success in franchise history. The club only missed the postseason once – the first season of his deal, 2016-17, in which a torn lateral meniscus in his right knee ended his campaign in November. Back-to-back Stanley Cups in 2020 and 2021, a third straight Finals appearance in 2022, and an additional Eastern Conference Final showing in 2018 have cemented the Lightning as arguably the most successful squad over the past 10 years, notwithstanding the three other ECF/SCF appearances Stamkos made with the team before his extension (2011, 2015, 2016).

Overall, injuries limited him to 513 of 618 possible regular-season games (83.8%) during his last contract, but he’s remained a capable top-of-the-lineup scorer and is money in the bank for over a point per game. He had 81 in 79 this season, including 40 goals – his seventh time hitting the milestone.

Stamkos has transitioned into a less-taxing role on the wing at even strength in his later years with the emergence of Anthony Cirelli and Brayden Point, as well as the extremely well-advised Nick Paul pickup, making his slightly negative possession impacts over the last two seasons easier to swallow. He was never a beacon of defensive excellence, but he did at least routinely post Corsi shares at even strength above the team’s overall share without him on the ice. That hasn’t been the case since 2021-22.

He’s still an extremely effective player, and given the precedent of other Lightning stars like Point and Nikita Kucherov taking slight discounts on their market value, it likely wouldn’t be prohibitively expensive to re-sign him. But Tampa’s lack of bottom-six scoring and poor defensive depth – especially without a fully healthy Mikhail Sergachev – was exposed in their rather decisive series loss to the Panthers.

The club has $10MM in projected cap space next season, with extensions/replacements also needed for Anthony Duclair, their best secondary scorer since his trade deadline pickup from the Sharks, and blue-liner