NHL Rumors: August 3

Imtiaz FerdousCorrespondent IIAugust 3, 2010

LOS ANGELES, CA - JUNE 25:  Tyler Seguin waits to be drafted during the 2010 NHL Entry Draft at Staples Center on June 25, 2010 in Los Angeles, California.  (Photo by Bruce Bennett/Getty Images)
Bruce Bennett/Getty Images

This morning there have been plenty of rumours going around. Let's just get to them.

Tyler Seguin has apparently signed a three year entry level contract with the Boston Bruins for $800,000 with bonuses. It'll be interesting to see if the Bruins send him back to the OHL.

The St. Louis Blues have locked up Erik Johnson to a two year $5.2 million extension. His cap hit will be $2.6 million for both years. This is an important signing as they need to keep their young players in order to build the team properly.

The Detroit Red Wings have signed Mike Modano to a one year contract. He will probably be a third liner, but for the Red Wings (or any team) he is a solid third liner.

The New Jersey Devils and Zach Parise have not yet discussed a contract extension. Lou Lamoriello says he wants to get it done before Parise becomes a free agent. Personally I think this is very important, the Devils need to lock up Parise. This is clearly being held up by the Kovalchuk fiasco.

The Columbus Blue Jackets are the frontrunners for the services of John Madden. It's interesting because Madden would be ideal for a team trying to get a solid bottom six forward for the Stanley Cup push. He may be dealt at the deadline if the team that signs him is not in a playoff position at that time.

The Colorado Avalanche have not yet signed Chris Stewart or Peter Mueller, but they have had discussions with Mueller. I expect both of them to be signed before the season starts, possibly before training camp, as neither young player would want to lose out on any money.

According to Katie Strang, the New York Islanders have officially bought out the last year of Brendan Witt's contract. See the problems with small market teams? They cannot spend to the cap and just to save money buy out players. They could have left him on the books if they were a big market team and then would have no cap hit next year, but they decided to save money.

The main suitors for Antti Niemi at this point are the San Jose Sharks and the Edmonton Oilers. No offers have been made yet but strong sources from both teams have made it clear they intend to go after him. I wouldn't expect the KHL to be out of this but they will have a very small chance of getting him.

Maxim Afinogenov is said to be making his decision by Friday. Personally I don't believe any of these deadlines anymore.