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Archives for February 2025

Five Key Stories: 2/17/25 – 2/23/25

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The 4 Nations Face-Off is in the books with Canada defeating the United States in a 3-2 overtime thriller and the stretch run is underway.  We didn’t see any activity on the trade front but there was still plenty of notable news across the league which is highlighted in our key stories.

Battered Boston Blueline: This was not a good week on the injury front for Boston’s back end.  Top defenseman Charlie McAvoy sustained an upper-body injury at the 4 Nations Face-Off, one that was revealed when he was examined by Bruins team doctors.  He sustained an infection and ultimately underwent surgery to remove it and is now listed as out week-to-week.  Meanwhile, rearguard Hampus Lindholm (who is second on the team in ATOI behind McAvoy) likely will not return this season.  He has undergone surgery to repair a fractured patella tendon and hasn’t played since mid-November.  Boston is already on the outside looking in at a playoff spot and they’ll be hard-pressed to stay in the mix while missing their top two blueliners.

More Expansion Options: It feels like only a matter of time before the NHL expands past its current 32 teams.  Over the years, we generally see the same speculated cities in the mix, Kansas City, Houston, or returns to Atlanta and now Phoenix.  But another city has emerged as representatives from a prospective ownership group in New Orleans met with the league.  At this point, discussions were almost certainly on the preliminary side as at this point, a formal expansion process hasn’t been started yet.  New Orleans doesn’t have a long history with hockey with the only team in the city being the ECHL’s Brass from 1997-98 to 2001-02.

Five For Lankinen: Kevin Lankinen was a late signee this offseason, inking a one-year, $875K contract to serve as injury insurance for Thatcher Demko.  Instead, the 29-year-old has taken over the number one job and even became the starter for Finland at the 4 Nations.  He was rewarded for his efforts with a five-year, $22.5MM extension, one that increases his current cap charge by more than 500% while also securing him more trade protection.  With Demko back on injured reserve with a lower-body injury, Lankinen will be counted on to help keep them in the playoff picture and with there being some concerns about Demko’s long-term health given the knee issue he dealt with earlier in the season, Lankinen at a minimum will continue to serve as injury insurance for 2025-26, just as a much more expensive option.

Jones Open To A Trade: Seth Jones initially joined a Chicago team that was hoping to be a playoff contender.  Instead, the team quickly pivoted and is now in the midst of a full-scale rebuild.  After a few years of that, the defenseman indicated that he’d welcome a move if the team can find one although he has not formally requested a trade.  Of course, it’s not quite that simple.  While Jones remains a legitimate top-pairing defender, he also carries a $9.5MM AAV through the 2029-30 season and has a full no-move clause.  For the Blackhawks to find a suitable swap, they would probably need to retain a fair-sized chunk of that contract which will only increase the asking price from the acquiring team.  At first glance, this feels like something that’s more likely to be resolved in the offseason when more teams have cap flexibility but his name will undoubtedly come up in trade speculation before March 7th.

Rantanen On The Move Again? When the Hurricanes picked up Mikko Rantanen, it sent a message that they were going for it and felt they could sign the pending UFA winger to a long-term contract extension.  It appears an offer has been made that would give him the highest AAV for a winger in NHL history but Rantanen hasn’t given the club an answer just yet.  Meanwhile, he’s off to a quiet start offensively with his new team with just three points in seven games.  That has led to some speculation that Carolina could look to flip Rantanen if an agreement on a new deal can’t be reached by the trade deadline.  In theory, that would allow them to at least recoup some of the assets they gave up to get him but before it gets to that point, expect them to take another run at trying to get him to put pen to paper on an extension that will surpass the $100MM threshold.

Photo courtesy of Imagn Images.

Salary Cap Deep Dive: Ottawa Senators

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Navigating the salary cap is one of the most important tasks for a front office.  Teams that can avoid total cap chaos by walking the tightrope of inking players to deals that match their value (or compensate for future value without breaking the bank) remain successful.  Those that don’t often see struggles and front office changes.

PHR is looking at every NHL team and giving a thorough look at their cap situation for the 2024-25 season.  This will focus more on players who are regulars on the roster versus those who may find themselves shuttling between the AHL and NHL.  All cap figures are courtesy of PuckPedia.  We’re currently covering the Atlantic Division, next up is the Senators.

Ottawa Senators

Current Cap Hit: $88,257,127 (over the $88MM Upper Limit)

Entry-Level Contracts

F Ridly Greig (one year, $863K)
D Tyler Kleven (one year, $917K)
F Zack Ostapchuk (two years, $825K)

Potential Bonuses
Kleven: $600K
Ostapchuk: $82.5K
Total: $682.5K

Greig has already signed an extension so we’ll cover him later on.  Ostapchuk has had his first extended NHL look this season but has primarily been limited to duty on the fourth line with very limited output.  He should be able to reach some of his games played bonuses but he’s likely heading toward a low-cost second contract barring a big uptick in his output and role next season.

Kleven is holding down a regular spot on Ottawa’s third pairing but his deployment has been limited thus far.  As a result, he’s not on track to reach his ‘A’ bonuses while his next contract should be a low-cost bridge deal although passing the $1MM mark isn’t out of the question.

Signed Through 2024-25, Non-Entry-Level

D Jacob Bernard-Docker ($805K, RFA)
F Nick Cousins ($800K, UFA)
G Anton Forsberg ($2.75MM, UFA)
F Adam Gaudette ($775K, UFA)
F Claude Giroux ($6.5MM, UFA)
F Noah Gregor ($850K, RFA)
D Travis Hamonic ($1.1MM, UFA)
F Matthew Highmore ($775K, UFA)
D Nikolas Matinpalo ($775K, RFA)
F Cole Reinhardt ($775K, UFA)

Giroux was brought in to be not only a veteran mentor to what was (and still is) a relatively young core group but also to be a key contributor in their top six.  Mission accomplished on both fronts.  He was third in team scoring in his first season and fourth in scoring last year.  At 37, he’s starting to slow down offensively but he’s still a top-six player, at least for now.  One of the big questions for next season as he heads into his next contract is how much longer he can play at that level.  A two-year offer probably isn’t off the table but it’d likely reflect the expectation of a diminished role in the second year which could result in a small dip in pay.  But if Giroux is open to a one-year deal, something around this price point is doable while he’d also be eligible for performance incentives.

Gregor has been non-tendered for two straight years with his former teams wanting to avoid giving him salary arbitration eligibility where his more productive years (23 points in 2021-22, 10 goals the following year) will come into play.  That seems like the probable outcome here as well but without those rights, he could still check in a bit closer to $1MM.  Cousins had to wait until late August to get this contract and not much has changed in terms of his role and production.  He’s effective enough to stay above the minimum salary but he’s probably only a tier above PTO territory so another low-cost one-year deal is likely.

Gaudette only got into two NHL games last season but he has been one of Ottawa’s better success stories this year, sitting inside the top five on the team in goals.  Nonetheless, he historically has had a hard time hanging onto a full-time spot which should keep his cost lower than someone with a shot at 20 goals.  A one-year deal in the $1.25MM range, one that can largely be buried in the minors if things don’t go well, would represent a nice raise for him while lessening the risk on the signing team.  Highmore and Reinhardt have been back and forth to and from the minors this season and are likely to remain at the minimum salary moving forward.

Hamonic has had a bigger role this year but his playing time is still rather limited compared to even just a few years ago.  He’s struggling to keep up and will be entering his age-35-year next season.  A one-year, minimum-salary deal with some low-cost performance incentives could still be doable but he could also be a PTO candidate.

Bernard-Docker became a full-timer last season but has been scratched a bit more often this year while injuries haven’t helped either.  He’s also arbitration-eligible which could work against him if Ottawa needs to keep this salary slot a little lower.  With a hearing, he could plausibly double this price tag but it wouldn’t be shocking to see him non-tendered if they can’t agree on a lower number before then.  Matinpalo is also arbitration-eligible but doesn’t have enough NHL experience to really command any sort of big raise.  A jump closer to $1MM is doable but probably not much more than that.

Forsberg hasn’t been able to come close to the level of performance from 2021-22, the one that earned him this contract.  He has been a bit better this year but his save percentage is still below the league average.  He might not get back to the level of third-string money but it’s quite possible his next AAV is half of this or less barring a big turnaround down the stretch.

Signed Through 2025-26

D Nick Jensen ($4.05MM, UFA)
F David Perron ($4MM, UFA)
F Shane Pinto ($3.75MM, RFA)

Perron was brought in over the summer with the hope he could be a reliable veteran secondary scorer.  That hasn’t really happened as when he has been in the lineup (which hasn’t been often between an injury and a family-related absence), his production has been quite limited thus far.  He’ll be 38 when this contract ends so he’ll need to rebound considerably to have a shot at matching this price tag a year and a half from now.  Pinto was at one point believed to be hoping for an offer sheet as early contract talks didn’t go well.  But, instead, they settled on a second bridge contract on a back-loaded deal that cranks the qualifying offer up to $4.5MM with arbitration rights.  If he can establish himself as a legitimate top-six forward by then, he’ll be able to get a fair-sized raise on that and the long-term deal he’s been seeking.

Jensen has been a nice fit in Ottawa after being acquired from Washington back in July.  He has settled in nicely as a second-pairing blueliner in recent years although he doesn’t produce a lot which will keep the price tag down.  A jump into the $5MM range on a long-term deal should be achievable if he plays like this over the rest of this season and next.

Signed Through 2026-27

F Michael Amadio ($2.6MM, UFA)
F Drake Batherson ($4.875MM, UFA)
D Artem Zub ($4.6MM, UFA)

Batherson has produced at or close to a top-line rate in the past three seasons heading into this one and is putting up points at a similar clip this year.  That makes him a nice bargain and if this keeps up, he could find himself closer to the $8MM range in 2027.  Amadio came over from Vegas after putting up back-to-back 27-point seasons.  He hasn’t fit in quite as well despite an uptick in playing time but as a bottom-six forward, it’s not a steep overpayment.

Zub has had some challenges staying healthy but when he is in the lineup, he’s a legitimate top-four blueliner, one that flies under the radar a little bit.  With his limited production, he’s not on a bargain contract but it’s not a bad one by any stretch.  Like Jensen, his next deal likely starts with a five.

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PHR Mailbag: Devils, Restricted Free Agency, Jones, Tuch, Young Defensemen, Canadiens

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Topics in this edition of the PHR Mailbag include some thoughts on how an increased salary cap could affect restricted free agency, Seth Jones’ situation in Chicago, and much more.  If your question doesn’t appear here, check back in last weekend’s mailbag while we still have one more to come.

JF Devs Fan: Would Anaheim accept Kovacevic for Zegras and let Z be the 3C for the Devils? Who else is a 3C the Devils can target at the trade deadline? Hopefully someone with speed, some defensive acumen, and enough offense.

Unless the Ducks just want to open up cap space and get out of Trevor Zegras’ contract, there’s no reason for them to accept the trade.  Johnathan Kovacevic is a pending unrestricted free agent and would be far from a guarantee to re-sign so that would be a pretty low return for a player who they’ve had a high asking price on in the past.  New Jersey, meanwhile, can’t afford to take on the $5.75MM price tag on their books for this season and Anaheim would have no interest in paying down the money.  If the Ducks were to move Zegras, I suspect they’d want a similarly-established top-six piece.

New Jersey has been linked to Montreal’s Jake Evans for a while and the fit is logical.  He is the league leader in playing time shorthanded among forwards so the defensive acumen is there.  He’s not the fastest but he’s not a bad skater.  And offensively, he’s on pace for around 35 points which is reasonable for a third liner.  He also has a $1.7MM price tag this season which is something they should be able to fit in without too much issue.  If Boston sells, Trent Frederic could be of some interest.  He’s only a year removed from an 18-goal season and third-line minutes and would add some sandpaper.

It wouldn’t shock me if they were among the teams interested in Seattle’s Yanni Gourde.  A lower-body injury will probably keep him out until the deadline but he’s due back soon after and he would certainly give the third line a boost.  The Kraken would need to retain half of his $5.167MM to make a deal palatable, however.  I’m sure they’d kick the tires on Brock Nelson but it’d surprise me if he was moved inside the division.  Another cheaper option would be Chicago’s Ryan Donato who is having a career year offensively and has spent some time at center.  The defensive acumen isn’t necessarily there but he’d be an intriguing pickup as well.  GM Tom Fitzgerald should have some options if they try to make a move down the middle.

Emoney123: Is restricted free agency going to be more active/change since the cap is increasing and should Briere consider offer-sheeting someone like Wyatt Johnston?

I should start this by saying I think restricted free agency is already more active than we realize.  We only find out if a player signs an offer sheet but I think there are some that are discussed every year that just don’t put pen to paper.  In that sense, I don’t think it will be necessarily much more active although the success St. Louis had with their additions of Philip Broberg and Dylan Holloway might make players in that price range more palatable.  The Blues didn’t have to part with a first-round pick for either player which is notable.  I doubt we’ll see much more activity, however, or least activity that gets made public because of a signed offer sheet.

In theory, Philadelphia targeting a young center like Johnston makes perfect sense.  In practicality, however, it makes little sense.  In order to get him, they’d have to overpay to the point where it makes no sense for Dallas to match.  What’s that number going to be?

Let’s look at last year’s thresholds for an example.  (Keep in mind these numbers will go up this summer, too.)  Anything below $6.87MM is easily matched because they’re not going to give up Johnston without getting a first-round pick in return.  I think they match in the tier above that which caps at $9.16MM.  So now, to have a plausible shot at getting him, do the Flyers have to offer $10MM or more a season for Dallas to really have to think about it?  It’d probably have to be closer to the higher end of that tier, so now we might even be closer to $11MM.  And on top of that, the deal can’t be any longer than five years which is the maximum divisor.  They could offer seven years at that price point but with the divisor being five, the draft pick compensation would be pushed into the four first-round pick tier.  They’re not paying four first-round picks for Johnston.

So, to recap, the Flyers would have to offer a contract that would walk Johnston to UFA eligibility at 28, paying well above market value and coughing up two first-round picks, a second, and a third for the privilege to do so if Dallas didn’t match.  There’s a reason proven impactful players rarely sign offer sheets and this is it.  There just isn’t a price point that scares the receiving team away while still being affordable enough for the signing team.  I don’t know about you but a move like this doesn’t feel like a great move for a still-rebuilding team to make.

Unclemike1526: I’ve been watching the Seth Jones trade speculation with some interest. There is absolutely no doubt that Jones is overpaid. However, if the Hawks have to pay half his salary to move him that makes no sense to me either. Look he’s not horrible, a team cancer or negative value. IMO there is absolutely nothing to be gained by paying him to play somewhere else.

So, I guess my question is, what would be the minimum in your opinion that the Hawks could get away with to move him and make it worth their while? I’m thinking if they only had to pay $2 million a year to see him off and save $7 million a year would be worth it. Any more than that and with the Cap going up I’d keep him until they can get the years down enough to make that work would be the way I would go. What’s your opinion? Thanks.

You make an important point that I think sometimes gets lost in the speculation about trading Jones, especially now with the news that he is welcome to being moved (but hasn’t asked for a trade).  It is still pretty rare for teams to retain money for more than a couple of years and he has five years left after this one.  That’s a lot of money to pay a player not to play for you.  On the other hand, it’s a necessary decision to make if they’re going to move him as there isn’t going to be much of a market for him at $9.5MM, especially from the standpoint of trading him for value.

The first question I asked myself when I saw this question is what is today’s market value for Jones if he was a free agent?  With the cap set to rise (which partially offsets the age concern), he’s probably still in the $8.5MM range.  If that’s a rough estimate of what a team would sign him for, getting it down to that price tag is necessary to deal him basically for free or for a nominal return.

With that in mind, is paying the deal down to $7.5MM that much of a needle-mover?  I suppose it depends on what the end goal is here, simply clearing money or trying to get something resembling acceptable value for a pretty good player who Chicago paid a lot for not long ago.  (Or, with it being a different GM in charge and not Stan Bowman, will the sunk cost fallacy not come into play?)

If the end goal is simply clearing the contract, retaining $2MM should get it done.  But if they want to get any sort of impactful asset in return, that might have to go to $3MM per season.  That said, spending $15+ million on a player not to play for you to get a good asset in return isn’t a great idea either.  I think the better play is that they hold him for now but if it’s a case where he really wants out, then they might have to bite the bullet.

FeelTheThunder: There seems to be a lot of rumblings about Buffalo Sabres’ Alex Tuch and the Tampa Bay Lightning being linked. Granted, you always have to take things with a grain of salt per se but if there is smoke, there is fire. It’s widely reported that GM BriseBois is quite active searching for a middle six forward so the question becomes what does this potential deal look like?

Obviously, Tampa’s 2026 1st round pick would be a part of it. I assume a middle-round pick (3rd or 4th) would be added in the mix and maybe a player like Darren Raddysh as Buffalo is going to need depth on the defensive right side next season.

Now, if they ask for someone like Ethan Gauthier then we’ll be talking about a bigger trade here if Tampa is even open to moving him (I’m 50/50 on that possibility). I won’t bring up the potential Hobey Baker nominee Isaac Howard nor Conor Geekie as I feel both are off-limits. But in terms of other NHL-ready prospects Gage Goncalves could be someone to watch in the matter.

I wouldn’t necessarily say where there’s smoke, there’s fire.  There’s a lot of smoke at this time of year and most of it usually doesn’t amount to anything.  Most of the players a buying team will be connected to ultimately won’t be acquired.

If the goal is a middle-six forward (as I think it is) for Tampa Bay, that’s not Tuch.  He’s a first-liner and almost more importantly, he’s on a team-friendly contract at $4.75MM through next season.  Accordingly, there’s going to be some sticker shock on the price that’s going to be paid to get him if Buffalo actually moves him.  I agree that a first-round pick is a starting point but I don’t think the other two pieces are going to move the needle much.  I think they’d have a use for Raddysh but he’d be viewed as a secondary addition and those usually don’t go for top-liners.

You mentioned how Gauthier’s inclusion would make it a bigger deal.  I’m not so sure.  Frankly, I don’t know if the Sabres would jump at him plus the first-round pick; I think someone would beat that because if Tuch was actually made available, about half the league would make a serious offer.  Honestly, I doubt the Lightning have the trade chips to beat that many teams out so it’s hard to come up with a specific package.  I agree that Howard is someone they probably don’t intend to move but never say never.  If there’s a player with team control available that they think is a difference-maker, I don’t think any of their youngsters are truly off the table.  As for Goncalves, he cleared waivers barely a month ago so that should tell you that his trade value is minimal at best.

I know there’s a lot of speculation out there about Tuch but the bulk of the reporting all says the same thing – teams are calling about him but the Sabres are giving no indication that they have any interest in moving him.  Knowing that, if a team wants him, the price is going to be extremely high.  And in Tampa Bay’s case, adding a top-line scorer isn’t necessarily the most realistic priority for them.

letsgonats: Is there a playoff team that would NOT want Alex Tuch?

I kind of touched on this above but I’d imagine all 16 playoff teams would at least try to make a compelling offer with some knowing their chances of landing him would be quite slim.  I also think several non-playoff teams would at least kick the tires on his services in the hopes that they might be able to convince him to sign a contract extension, something that can be done as early as July 1st.  With Tuch growing up relatively close to Buffalo, I think the Sabres will also be planning on taking a run at signing him to a long-term extension as well.  If he was actually made available, he might be the most sought-after player in these next couple of weeks.

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Vancouver Canucks Recall Victor Mancini, Place Thatcher Demko On IR

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6:01 PM: The Canucks officially announced the roster moves.  Demko’s placement is retroactive to February 8th, meaning he’ll be eligible to be activated at any time.

3:02 PM: According to the team’s play-by-play radio commentator Brendan Batchelor, the Vancouver Canucks have recalled defenseman Victor Mancini from their AHL affiliate, the Abbotsford Canucks. Vancouver will open up a spot on the active roster for Mancini by placing netminder Thatcher Demko on the injured reserve.

Demko’s placement on the IR will likely be made retroactive to February 8th. He left the Canucks’ game against the Toronto Maple Leafs after only 10 minutes due to a lower-body injury. During the 4 Nations Face-Off break it was announced that Demko wouldn’t join the team on their current five-game road trip and his recovery timeline is considered week-to-week.

It’s becoming somewhat of a lost season for the eight-year netminder. Due to lingering injury issues from the 2024 Stanley Cup playoffs, Demko’s 2024-25 debut was delayed until December 10th. He hasn’t been inspiring when healthy either managing a 6-6-3 record in 17 starts with a .891 save percentage and 2.87 goals-against average.

The newfound injury concerns are especially unfortunate when considering Demko’s season last year. The San Diego, CA native was instrumental in Vancouver’s return to the postseason posting a 35-14-2 record in 51 starts with a .918 SV% and 2.45 GAA. His 21.2 Goals Saved Above Average according to Hockey Reference accounts for 82.8% of his total GSAA throughout his career.

Demko’s future in British Columbia became even cloudier yesterday when the Canucks’ signed fellow netminder Kevin Lankinen to a five-year extension. Lankinen has been objectively better for Vancouver this season and his new contract will run four years longer than Demko’s current deal with the team.

Meanwhile, the freshly acquired Mancini could debut with the Canucks this evening. He’s tallied one assist in five games in AHL Abbotsford since being acquired from the New York Rangers as a part of the package for J.T. Miller.

Vancouver may still need an injury replacement for Quinn Hughes during tonight’s contest and Mancini would have to battle defenseman Elias Pettersson for that role. Pettersson has proven better defensively in limited action but Mancini has outscored him with one goal and four assists throughout 15 games with the Rangers.

Injury Notes: Kreider, Grzelcyk, Cooley

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Before today’s game against the New York Rangers and Pittsburgh Penguins, the former announced a minor injury just before puck drop. The Rangers shared winger Chris Kreider is out with an upper-body injury although his recovery timeline is only considered day-to-day.

It’s difficult to pinpoint any specific moment for Kreider’s current injury. The veteran forward has been dealing with a recurrent back spasms issue for much of the regular season, while he could also be one of the several players to succumb to a minor injury throughout the 4 Nations Face-Off tournament.

Still, despite the specifics of the injury, Kreider did participate in the Rangers’ first game back from the tournament. Despite the team being completely outclassed by the Buffalo Sabres, Kreider scored one goal over 15 minutes in yesterday’s contest joining Mika Zibanejad as the only New York forward to not have a negative rating.

Other injury notes:

  • Hopping over to the other side of today’s Metropolitan Division tilt, the Penguins announced defenseman Matt Grzelcyk won’t return to the game due to an upper-body injury. The pending unrestricted free agent only skated in five minutes of today’s action before being hit from behind by Ranger forward Matt Rempe. Rempe was originally reprimanded with a five-minute major only to be downgraded to a two-minute minor call.
  • The Utah Hockey Club could be short-handed when they play their first home game in 19 days tonight. According to Brogan Houston of Deseret News Sports, Utah forward Logan Cooley is a game-time decision for this evening’s event. Cooley is confirmed to be dealing with a lower-body issue but it’s not severe enough to warrant a concrete absence from the lineup. The sophomore center is only one point away from tying his total production from last year scoring 15 goals and 43 points in 50 games.

Anaheim Ducks Recall Oscar Dansk, John Gibson Out With Injury

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The Anaheim Ducks will put forth a different goaltending tandem for tonight’s contest against the Detroit Red Wings. According to the AHL transactions page, the Ducks have recalled netminder Oscar Dansk who hasn’t played in an NHL contest since the 2020-21 season.

Anaheim’s reasoning for the call-up was made clear yesterday evening. The Ducks announced shortly after the second period of last night’s action that goaltender John Gibson wouldn’t return to the game due to an upper-body injury. There haven’t been any meaningful updates to Gibson’s injury status but it was severe enough to prohibit him from participating in the second half of the team’s back-to-back.

Despite years having passed since Dansk last sat on an NHL bench during the regular season, he would play tonight if there’s another injury or the score becomes lop-sided in Detroit’s favor. He’s put together a subpar season in his first year with the Ducks organization managing a 10-10-5 record with a .886 save percentage and 3.43 goals-against average in 27 games with their AHL affiliate, the San Diego Gulls.

At least the 2024-25 campaign has provided Dansk with increased playing time. The now-veteran netminder spent the last two years with the AHL Calgary Wranglers totalling 44 games in a backup role behind Dustin Wolf.

Fortunately for Anaheim, the injury to Gibson won’t be as detrimental as it would have been in years past. Goaltender Lukáš Dostál has a formidable case to be the Ducks’ MVP this season posting a 16-13-4 record through 30 starts with a .911 SV% and 2.86 GAA.

Hampus Lindholm Unlikely To Return This Season

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One of the oft-forgotten aspects of the Boston Bruins’ disappointing 2024-25 campaign is the lack of one of Hampus Lindholm for much of the regular season. This reality isn’t likely to change anytime as general manager Don Sweeney shared (publicized by Conor Ryan of The Boston Globe) that Lindholm isn’t expected to return this season.

The injury update concludes a lost season for Lindholm. The 12-year veteran will finish the 2024-25 season with three goals and four assists in 17 games averaging 20:51 of ice time per night before fracturing his patella on November 12.

If there’s any silver lining for Lindholm, injuries haven’t followed him throughout his career. This year is only the second time he’s played less than 80% of his team’s games. The last time he failed to play in at least 50 games came during the 2020-21 season with the Anaheim Ducks when a wrist injury limited him to just 18 contests.

Still, injuries aside, Lindholm’s performance has declined over the past two years. In Lindholm’s defense, the 2023-24 season wouldn’t have been such a disappointment had he not had a breakout season the year prior. The Helsingborg, Sweden native scored 10 goals and 53 points in 80 games during his first full year in Boston carrying a league-leading +49 rating. It shattered Lindholm’s previous career-high 34 points scoring in 2014-15.

Lindholm’s impressive 2022-23 season earned him a fourth-place finish for the James Norris Memorial Trophy. Unfortunately, he took a dramatic step back last year. He finished the campaign with three goals and 23 assists in 73 games despite increasing his average ice time by six seconds.

Nevertheless, a bone fracture rarely becomes a lingering issue for many players giving Lindholm multiple months to prepare for the 2025-26 season. He’s still a capable top-four defenseman signed to a modest $6.5MM salary until the 2029-30 season giving the Bruins at least some long-term consistency on their blue line.

Latest On Mikko Rantanen Extension Negotiations

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In last night’s rendition of ’Saturday Headlines’ with Sportsnet’s Elliotte Friedman, the NHL insider provided an important update on the ongoing extension negotiations between the Carolina Hurricanes and Mikko Rantanen.

Friedman shared that the Hurricanes’ front office met with Rantanen’s representatives during the 4 Nations Face-Off break to discuss where both sides were on a potential extension. Carolina has put a firm offer on the table and Friedman believes the total salary is in the nine figures. Rantanen would become the eighth player in NHL history to sign a deal worth $100MM or more joining Alex Ovechkin, Leon Draisaitl, Shea Weber, Sidney Crosby, Nathan MacKinnon, Connor McDavid, and Ilya Kovalchuk.

However, Rantanen doesn’t appear close to deciding either way. Friedman noted that he’s still dealing with the whirlwind of emotions that came along with being traded from the Colorado Avalanche on January 24th. The update doesn’t mean that Rantanen won’t ultimately sign a big-ticket extension with the Hurricanes, but he’s understandably hesitant to decide on spending the next eight years of his life with a team he’s been a part of for one month.

Although Rantanen is a few months away from becoming the biggest free agent name in recent memory, he has earned the right to choose his destination for the foreseeable future. Still, whether it’s his right or not, his decision, or lack thereof, has put Carolina in a difficult spot.

Unlike the hodgepodge of prospects the Hurricanes dealt to the Pittsburgh Penguins last season for rental winger Jake Guentzel, Carolina parted with high-level assets for Rantanen. Martin Nečas had been flirting with the Art Ross Trophy for much of the season and Jack Drury is more than efficient in his role as a third-line center. The Hurricanes could have a hefty dosage of buyer’s remorse should they lose Rantanen to free agency this summer (although a Stanley Cup championship may numb the pain).

The lack of immediate extension in Carolina has some insiders believing the Hurricanes may opt to trade Rantanen at the deadline rather than lose him for nothing. Carolina can bring Rantanen’s salary down to an impressively affordable $2.31MM should they retain another 50% opening his market to an entirely new audience. Unfortunately for the Hurricanes, it’ll be difficult to recoup a player of similar value given their cap situation, almost guaranteeing they’ll be worse off for the 2025 Stanley Cup playoffs.

Carolina could target NHL-ready talent in a ’Moneyball-esque’ way of recreating Rantanen’s ability and talent by committee. Still, given the value of above-average entry-level contracts on a contending team’s roster, it’ll be difficult to find a team willing to move those assets for a few months of Rantanen despite his game-changing talent.

The only thing entirely known is that time isn’t on the Hurricanes’ side. Carolina has a tight window to decide on Rantanen’s future given that there are less than two weeks until the deadline. The best approach may be to put as much pressure on Rantanen and his representatives this week (without completely alienating him), and begin contacting interested teams should they fail to ink an extension by the week of the deadline.

Flames Expected To Activate Connor Zary, Kevin Bahl

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The Calgary Flames are expected to activate forward Connor Zary and defenseman Kevin Bahl off of injured reserve ahead of Sunday night’s game, per Pat Steinberg of Sportsnet 960. Zary has sat out of Calgary’s last 15 games with a knee injury, while Bahl missed the last eight games. Both players have served impactful roles this season, making their returns a notable addition to a Flames lineup just three points back from a Western Conference Wild Card.

Of the pair, Bahl has been the more utilized Flame so far this year. The 24-year-old defender joined Calgary in the trade that sent Jacob Markstrom to New Jersey this summer, and quickly claimed a top-four role in his new setting. He’s posted a tame stat line, with 14 points, a plus-one, 29 penalty minutes, 67 hits, and 79 blocked shots through 47 games this season – while spending much of it lined up next to top Flames defender Rasmus Andersson. That premier partnership has helped Bahl’s average ice time jump north of 21 minutes, nearly four minutes more than he averaged in New Jersey last season. While he still has improvement to go, this season has been Bahl’s first making a top-of-the-lineup claim, after last season marked his first full season in the NHL. He should quickly return to that top-pair role when he’s able to return, likely bumping Ilya Solovyov out of the lineup.

Zary’s bid back into the lineup will be a bit tougher to anticipate. The Flames added Joel Farabee and Morgan Frost and parted ways with Andrei Kuzmenko via trade during Zary’s absence. That’s sparked a lineup shakeup that Zary will now have to find his footing within. Farabee and Frost have filled a third-line role alongside Yegor Sharangovich, which should leave a top-six role next to Mikael Backlund and Blake Coleman open for Zary. But the young forward will need to earn his footing. He has 10 goals and 22 points in 40 games this season, a slight uptick to the 14 goals and 34 points he scored as a rookie last year. If Zary can continue to grow that scoring upside, and his knack for making big plays – his return could be the piece that solidifies Calgary’s top-nine as a group to envy. But tepid offense could be the piece that necessitates further changes.

The pair of returns will give Calgary their first chance to see their roster at full-strength after their trade with Philadelphia. Zary and Bahl are two young, impactful pieces of the Flames lineup – and stood as two of the biggest bright spots on the year before they fell to injury. How the lineup performs amid their return will be closely scrutinized, as Calgary hones in on a potentially lucrative Trade Deadline.

Trade Deadline Primer: Utah Hockey Club

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With the 4 Nations Face-Off now complete, the trade deadline looms large and is just a few weeks away. Where does each team stand, and what moves should they be looking to make? We continue our look around the league with the Utah Hockey Club.

The Utah Hockey Club find themselves in an awkward spot with the Trade Deadline approaching. They’ve posted a perfectly .500 season – just good enough to stay within grasp of the Western Conference Wild Cards but not good enough to be planning for travel come May. Adding to the confusion is the return of Sean Durzi from an October injury. Durzi played in four games as a top-pair defenseman before falling to injury, and his return stands as a substantial, free addition to the Utah lineup at the perfect time. With the deadline just around the corner, Utah will need to quickly gauge where their lineup sits – with Durzi’s return, Clayton Keller’s top scoring, and Logan Cooley’s injury all complicating the matter.

Record

24-24-9, 5th in the Central Division

Deadline Status

Tepid Buyers

Deadline Cap Space

$27.07MM on deadline day, 1/3 retention spots used, 47/50 contract spots used, per PuckPedia.

Upcoming Draft Picks

2025: UTA 1st, UTA 2nd, UTA 3rd, UTA 4th, UTA 5th, UTA 6th
2026: UTA 1st, UTA 2nd, OTT 2nd, NYR 2nd, UTA 3rd, CAR 3rd, UTA 4th, UTA 5th, UTA 6th, UTA 7th

Trade Chips

On the heels of an up-and-down year, the Trade Deadline will be Utah’s chance to stake their claim. Are they a hopeful on the fringe of the playoffs, led by a clear top-scorer and strong goaltending? Or are they an up-and-comer, driven by succeeding top prospects and emerging structure? Their fate certainly seems in the latter camp, but Utah seems too close to the Western Conference wild cards – six points out, with one game lost – to take a full stride towards the future. The 26-year-old Clayton Keller – who leads the team with 61 points – or the 28-year-old Nick Schmaltz – right behind him with 48 – may be at their peak sale value this year. But much of the Utah success has been built around those veterans, and would leave major lineup holes by shipping them out.

That likely leaves Utah’s biggest bargaining chips in their lineup depth. Undersized winger Matias Maccelli has fallen to just 18 points in 52 games this season, after posting a career-high 40 assists and 57 points last year. He has been healthy scratched at multiple points this season, including in Utah’s first game back from the 4-Nations Face-Off break. That’s a dismal fall from grace for a player that averaged north of 16 minutes of ice time last season – and could be the signs of a looming separation. Maccelli is still only 24 years old, and proved the extent of his playmaking upside with 78 assists in 146 games between 2022 and 2024 – his first two full seasons in the NHL. This down year seems to be more a fluke, or clash of minds, than it is indicative of any decline – and a young scorer will always be a hot commodity on the open market. Even better, Maccelli carries a comfortable $3.43MM cap hit through the end of next season. Utah could be in store for plenty of attention by gauging Maccelli’s price on the open market.

Utah has also built up a small surplus in net. Connor Ingram started the year in the starter’s net, but lost it to Karel Vejmelka during a two-month absence to injury. Vejmelka now sits with a .909 save percentage, 2.57 goals-against-average, and a 13-15-4 record on the year. That’s a clear step up over Ingram’s .882 Sv%, 3.27 GAA, and 9-8-4 record. Utah also received a strong four games from Jaxson Stauber, who posted a 2-1-1 record and .925 Sv% during Ingram’s absence. Stauber also has an 8-5-1 record and .901 Sv% in 14 AHL games, where he backs up Matthew Villalta’s 12-17-3 record and .904 Sv%. That heap of well-performing netminders could land Ingram on the outside looking in.

Ingram posted a .907 in each of the last two seasons, playing in 27 and 50 games respectively. He’s a long-tenured pro who has worked his way into a cushy platoon role with Utah. Even better, Ingram carries an affordable $1.95MM cap hit through the end of next season. Those facts will keep Ingram an affordable depth option an open market with very few goalies.

If not Maccelli or Ingram, the sight of Utah’s trades will quickly turn towards their veterans. Each of Lawson Crouse, Alexander Kerfoot, and Nick Bjugstad have found reasonable footing in the Utah lineup, and could be cheap bets for deadline buyers looking for a specific style. Juuso Valimaki and Nick DeSimone offer similar low-upside but reliable styles on the back-end, though they likely couldn’t command the same asking price as other positions. That short list of bargaining pieces may set Utah up for a quiet spring, but strategic use of their 2026 draft picks could still make for notable additions.

Team Needs

1) Spark Plugs – Utah is coming into their own this season through the success of their young stars. Dylan Guenther and Logan Cooley are both rivaling point-per-game scoring, while Josh Doan and Artyom Duda are rising through the minor ranks. It’s clear to see the core pieces that Utah’s future will be built around – meaning they can turn their attention towards finding exciting complementary pieces. A winger that can bring added finesse and finishing ability to Cooley’s side, or a heavy passer to set up Guenther, could go far towards solidifying Utah’s next steps. Anaheim Ducks winger Trevor Zegras stands as the beacon of high-skill upside bets at this year’s deadline, but his asking price could quickly run Utah’s wallet dry. A more realistic bet may be aging Vancouver Canucks winger Brock Boeser, who has long been rumored to move and could carry a cheap asking price in the midst of a down year. Boeser has just 35 points this season, less than half of the 73 points he posted last year – helped along by his first 40-goal season. At 27, he may be a bit old for Utah’s young core – but for the right acquisition cost, Boeser could also be the big splash this year that ripples out through the next few seasons. Boeser carries a $6.65MM cap hit and a modified no-trade clause through the end of this season.

2) Younger Depth – For a team built around up-and-coming youngsters, finding the middle ground between youth and impact in the depths is incredibly important. Utah won’t be able to sustain their reliance on Bjugstad or Crouse to play the hard minutes. They need to cycle out their aged vets for a core that can better support the likes of Cooley and Guenther in the years to come. The open market could offer plenty of players that fit that mold, including shoot-first winger Nicholas Robertson in Toronto and heavy-hitter Trent Frederic in Boston. Even acquiring a player closer to their prime, like Boston’s Justin Brazeau or Columbus’ Mathieu Olivier, could stabilize a Utah bottom-six comprised largely of 30-year-olds. There will be a lot of options Utah can push in to build up their bottom pieces – but doing so without paying lavishly will have to be the priority.

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