East Notes: Petry, Varlamov, Devils UFAs

It’s hard to claim Pittsburgh Penguins defenseman Jeff Petry had a disappointing season. After being acquired from the Montreal Canadiens in a swap for defenseman Mike Matheson, Petry improved on his offensive totals from the season prior, recording 31 points in 61 games, and he still managed to average over 22 minutes per game. His defensive impacts were also in line with what we’ve come to expect from the veteran defender.

However, the Penguins were hoping for a resurgence to his 2020-21 form, which saw him finish 13th in Norris Trophy voting. It didn’t happen, and with interim general manager Kyle Dubas now at the helm, Petry finds himself on the trade block again after just one season in Pittsburgh, confirms The Athletic’s Rob Rossi. The market for right-shot defenders is generally strong, but with Petry locked in at a $6.25MM cap hit until 2025 and a potentially significant decline coming at any moment, Rossi says there aren’t many quality offers out there for his services.

More from the Eastern Conference rumor cycle today:

• Expect veteran netminder Semyon Varlamov to end up back on Long Island, says the Fourth Period’s David Pagnotta. The 35-year-old will likely sign a two-year deal, during which he’ll reprise his backup role to countryman Ilya Sorokin. After posting a save percentage north of .910 for four straight seasons, Varlamov would have been one of the better goaltending options available on the free agent market, especially for a team looking to solidify their backup position.
• The New Jersey Devils don’t have a ton of cap space after announcing a max-length extension for Timo Meier, and as expected, they won’t be making any other major re-signings before free agency opens on Saturday. Defenseman Ryan Graves and forwards Tomas Tatar and Miles Wood are going to test the open market, general manager Tom Fitzgerald confirmed today. Per CapFriendly, the team has around $10.2MM in space but needs to re-sign a quartet of restricted free agents and potentially add a goalie to complement Vitek Vanecek.