The Bruins announced the signing of four players Thursday, inking forward Gregory Campbell and defenseman Adam McQuaid to two-year deals and forward Jeff LoVecchio and defenseman Andrew Bodnarchuk to one-year deals.
Campbell, who was acquired in the trade with the Florida Panthers that also brought Nathan Horton to Boston in exchange for defenseman Dennis Wideman and the 15th pick overall in the 2010 NHL entry draft, will make $1 million in the first year of the deal and $1.2 in 2011-12. Financial terms of the remaining signings were unavailable Thursday night but general manager Peter Chiarelli did say that McQuaid will be on a two-way contract this season and a one-way the following.
In 60 games last season with the Panthers, Campbell had 17 points (2 goals and 15 assists). But as Chiarelli pointed out in a conference call with the media, Campbell wasn't acquired based on stats alone.
"He's a very versatile player, and if you look closely on his stats rather than goals and assists, he blocks a lot of shots," Chiarelli said. "He takes a lot of shots and logs a lot of minutes. With Gregory, it's versatility, it's grit and he can play up and down the lineup."
McQuaid, who played in 19 regular-season games and nine playoff games for Boston last season, will compete for a spot in the bottom pairing on the Bruins blue line. Chiarelli has been impressed with McQuaid's progression during his three seasons with Providence (AHL) and Boston.
"He showed a real good progression in Providence -- I think [head coach] Rob Murray and [assistant coach] Bruce Cassidy have done a good job with him down there -- and even [former Providence coach] Scott Gordon," the Bruins GM said. "He's maturing as a player, he's a big strong kid and he's shown a lot of compete, so he's close. He has a chance to be a regular in that 5-6 pair."
According to capgeek.com, the Bruins have $587,229 to spend under the $59.4 NHL salary cap for 2010-11. They will also receive $3.5 million in cap space from forward Marco Sturm's long-term injury reserve status. But as Chiarelli acknowledged, with forwards Blake Wheeler -- who is scheduled for arbitration July 27 -- and rookie Tyler Seguin still unsigned, he will need to pull off some cap maneuvering before Sturm returns in what is expected to be mid-November.
"As long as Marco is out, and whatever time that is, is what it will give us," Chiarelli said. "There's two ways to implement it; one is a little more efficient than the other ... but I'll be in a spot and I'll have to do something before Marco returns.
"We're tight at the cap and we'll be able to put Blake in the mix. We've got the summer cap space and we'll see where we go from there as it applies to the start of the year."
Chiarelli claimed that talks were progressing well with Wheeler, and once Wheeler was signed he would accelerate the contract negotiations with Seguin and agent Ian Pulver. Chiarelli also stressed that, for now at least, they will remain quiet on the trade front because the trade market itself has grown stale.
"After we get Wheels [Blake Wheeler] and Seguin done, we're going to be relatively quiet for the time being," Chiarelli said. "I was active in the trade market, starting with our trade [for Horton] that we made. I was active in the market after that, even so.
"It's just quiet right now. Everything's really slow. I've talked to a few guys and everything has kind of grinded to a halt."
In regard to goalie Tim Thomas, to whom Chiarelli granted permission to speak to other teams regarding a trade, Chiarelli said there were no updates on whether something was in the works to deal the 2009 Vezina Trophy winner away.
"There's no update," Chiarelli said. "There's been no change, and what I can say and reiterate what I said at the draft is that Tim wants to be a Boston Bruin."
Murphy is an ESPNBoston.com contributor and has covered the Bruins and the NHL for the past eight seasons.