In this week’s edition of the NHL Power Rankings we shift our focus back to the summer of 2019 and the free agent signings that have ended up working out the best so far.

Free agency is always a risky proposition for teams because it forces them into a bidding war for players that have most likely played their best hockey for somebody else. Most long-term contracts signed during the free agency signing period have a tendency to end in trades or buyouts. Not even one full season in and there are already a handful of contracts that are off to slow starts (Sergei Bobrovsky in Florida, Matt Duchene in Nashville, Joe Pavelski in Dallas).

Some of them, however, have worked out as planned. Those are the contracts we are focussing on here today.

When it comes to identifying the “best” contracts at this point we are trying to take into account overall performance and the value of the contract. Sometimes it is a long-term deal that looks good, other times it is a short-term “prove it” deal where everyone ended up getting exactly what they wanted.

Which free agents make the cut?

To the rankings!

1. Artemi Panarin, New York Rangers. While most long-term free agent contracts end up failing to meet expectations, this is one that looks like it is going to work. Panarin is having one of the best individual seasons in the history of the Rangers’ franchise and is playing at an MVP level. Maybe he will not play at a superstar level for the entire seven-year term of the contract, but there is little reason to believe he will not be an impact player in New York for several years. One of the league’s best offensive players.

2. Kevin Shattenkirk, Tampa Bay Lightning. This was one of those “prove it” contracts. After having his previous deal with the Rangers bought out, Shattenkirk found himself back on the open market this past summer and landed in Tampa Bay on a one-year, $1.75 million contract. It has worked out tremendously for the Lightning. Shattenkirk has bounced back across the board with an improved offensive performance and dominant possession numbers. He may not be a No. 1 defender, but as a No. 2 or 3 on a contender he can still make an impact.

3. Robin Lehner, Chicago Blackhawks (traded to Vegas). After being a finalist for the Vezina Trophy a year ago, the Islanders allowed Lehner to walk and become an unrestricted free agent. He ended up getting a one-year, $5 million contract with the Blackhawks and was one of the biggest reasons they were able to at least somewhat stay in playoff contention instead of dropping down toward the bottom of the league. They ended up trading him to Vegas at the trade deadline, and even though that return was underwhelming it was still a strong signing.

4. Joonas Donskoi, Colorado Avalanche. The Avalanche entered the offseason armed with one of the league’s best young cores and the most salary cap space to play with. While they did not get the big ticket free agents, they did make some really smart moves. Donskoi’s four-year deal is right at the top of that list. He has been an outstanding depth addition and provided some much-needed secondary scoring.

5. Gustav Nyquist, Columbus Blue Jackets. He is not a superstar by any means, but Nyquist has given the Blue Jackets exactly what they thought he would: 15-20 goals, a 50-point pace, and all around solid top-six play. He has also been one of the few Blue Jackets players that has not missed significant time to injury this season. His $5.5 million salary cap hit over the next three seasons (after this one) is a more than fair price tag for what he provides.

6. Semyon Varlamov, New York Islanders. All things being equal he is probably a downgrade from what they lost in Lehner, but he has stayed healthy and been very good for the Islanders. The four-year contract seemed like a risk (and still is) but he has been productive so far.

7. Valeri Nichushkin, Colorado Avalanche. Nichushkin’s 2018-19 season was the dullest individual season in NHL history. I do not mean that as a knock. It legitimately was given that he played 57 games and did not score a single goal or record a single penalty minute (the first time any player ever did that). That resulted in him signing a one-year, $850,000 contract with Colorado. In 65 games he already has 13 goals, 27 total points, and has been another outstanding depth addition.

8. Tyler Ennis, Ottawa Senators (traded to Edmonton). Another one-year bargain. Ennis was one of the few bright spots in Ottawa this season before he was flipped to the Oilers at the trade deadline. Before this season his production had fallen off a cliff as he bounced from Buffalo, to Minnesota, to Toronto, and then to Ottawa. This was a nice bounce-back year for him.

9. Noel Acciari, Florida Panthers. Before this season Acciari scored 18 goals in 180 career games. In his first 66 games with the Panthers he has already scored 20 goals. He makes just a little more than $1 million per season. Is this goal scoring output a short-term fluke? Maybe. Does that make me overrate him right now? Probably. But finding a 20-goal scorer for just over a million against the cap is a steal no matter how you look at it.

10. Tyler Myers, Vancouver Canucks. I hated this contract at the time and thought it signaled more bumbling from a directionless Vancouver front office that was just trying to sneak into the playoffs to save face. Maybe that’s what it still is. But once I get beyond my initial criticism I have to admit that Myers has been a pretty solid addition to the Canucks’ defense. Maybe it won’t look that way in two or three years, but for now he has helped.

Adam Gretz is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @AGretz.

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