Over the last few days, Bob McKenzie of TSN has been explaining the Erik Karlsson situation about as well as anyone could. The Ottawa Senators are considering a deal, they’d like to move Bobby Ryan as part of it, but they might not be able to make it happen before Monday’s deadline. Any trade including the superstar defenseman would have a lot of moving parts, and deals of that magnitude rarely happen in just a few days before the deadline. There are huge cap implications to taking on Karlsson and Ryan, and for any of the contenders it might just not be possible. That’s where a third team might join the fray, as Craig Custance of The Athletic notes.

Custance tweets that teams with cap space are getting involved as a sort of catalyst for the deal, perhaps to take Ryan’s contract out of the equation. Travis Yost of TSN has heard the same thing, even adding the idea of a “fourth-party.” For what it’s worth, Pierre LeBrun of The Athletic doesn’t think that a deal involving Ryan will be done by the deadline, and still suggests that it would benefit Ottawa by waiting until June to trade their captain.

That Karlsson is even in the headlines this week shows how far the Senators have fallen since coming just a goal shy of making the Stanley Cup Finals less than a year ago. There could be a real fire sale in the Canadian capital over the next few months, with a rebuild of sorts on the horizon centered around some of the young talent in the system.

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