Now more than a month into the new league year, the bulk of the heavy lifting has been done from a roster perspective. Most unrestricted free agents have found new homes, the arbitration period has come and gone, and the trade market has cooled. Accordingly, it’s a good time to take a look at what each team has accomplished this offseason. Today, we’ll take a look at Vegas.
The Golden Knights enjoyed a strong regular season last year, posting 50 wins en route to a Pacific Division title. They carried that momentum into the playoffs with a decisive first-round victory over the Minnesota Wild. However, their postseason run came to an abrupt end in the second round, where they fell to the Edmonton Oilers in just five games.
Not content with regular-season accolades or modest postseason success, the Golden Knights were aggressive to start the offseason, pulling off arguably the biggest acquisition by locking up star forward Mitch Marner. General Manager Kelly McCrimmon also made several depth moves to fortify the lineup, and on paper, Vegas appears poised to contend for the Stanley Cup once again.
Draft
2-55 – F Jakob Ihs-Wozniak, Luleå HF (Sweden J20)
3-85 – F Mateo Nobert, Blainville-Boisbriand (QMJHL)
6-186 – F Alexander Weiermair, Portland (WHL)
6-187 – D Gustav Sjoqvist, AIK (HockeyAllsvenskan)
One common downside for Stanley Cup contenders is a depleted prospect pool, often the result of trading away draft picks in pursuit of immediate success. That was the case for the Golden Knights at last month’s draft, where they lacked a first-round pick and made just four selections overall.
They made the most of the situation, starting with the section of Ihs-Wozniak, a forward with high offensive upside. He produced 57 points in 40 games during the 2024-25 season with Luleå HF J20, but truly showcased his talents on the international stage. At the 2024 Hlinka Gretzky Cup, he helped Sweden to a bronze medal while tying for the tournament high of four goals. He then helped Sweden to a silver medal in the 2025 IIHF U18 Men’s World Championship, where he recorded seven points in seven games.
Nobert, 17, produced 67 points in 57 games for Blainville-Boisbriand in the Q, finishing fourth on the team in scoring. Known for his playmaking abilities, the Quebec native took his game to another level last season, nearly tripling his production from the year before. His continued development will be something Golden Knights fans can watch and look forward to.
Trade Acquisitions
F Mitch Marner (from Toronto)
F Colton Sissons and D Jeremy Lauzon (from Nashville)
Arguably, the biggest move of the offseason was Vegas acquiring Marner from the Maple Leafs with a sign-and-trade, resulting in an eight-year, $96MM deal ($12MM AAV). Joining a star-studded group that already features Jack Eichel, Mark Stone, and Shea Theodore, the move signals that the franchise is all in with their efforts to secure another Stanley Cup. While things ended unceremoniously for Marner in Toronto, he has done nothing but produce in his time in the league. Since debuting for the Maple Leafs in the 2016-17 season, Marner has scored 221 goals and 741 points in 657 games, averaging 20:03 of ice time per night. That production was no different last year, as Marner, 28, produced 102 points in 81 games. He added 13 points in 13 playoff contests. The Golden Knights finished the 2024-25 campaign with the fifth-best goals scored average (3.34), third-best goals against average (2.61), second-best powerplay (28.34%), and the 13th-best shooting percentage (11.0%), and those numbers should only improve with Marner in the mix.
Perhaps lost in the shuffle of the Marner deal, adding Sissons and Lauzon as part of the deal that sent Nicolas Hague to Nashville provides Vegas with solid veteran experience and productivity.
UFA Signings
F Tuomas Uronen (three years, $852.5K)*
F Reilly Smith (one year, $2MM)^
F Brandon Saad (one year, $2MM)^
D Dylan Coghlan (one year, $775K)
D Jaycob Megna (two years, $800K)
F Cole Reinhardt (two years, $812.5K)
*-denotes two-way contract
^-denotes re-signing
The Golden Knights got to work before July 1, locking up veteran forwards like Smith and Saad before they could test free agency. Smith returned to Vegas following a mid-season trade with the Rangers, recording 11 points in 21 games. Now 34, his best seasons came during his first stint with the Golden Knights, and he remains a reliable depth option who can still contribute in the top six when needed. Saad, 32, produced 13 goals and 30 points last season, split between Vegas and St. Louis. Like Smith, Saad was dealt to Vegas mid-season and made a strong enough impression that McCrimmon re-signed him before he could reach free agency. The two-time cup champion with Chicago offers quality depth in the bottom six.
The remaining signings add organizational depth. The team announced the deals for Coghlan, Megna, and Reinhardt simultaneously on July 1. While each player received a one-way contract, a spot on the opening night roster is far from guaranteed.
Uronen, who was signed to an entry-level deal back on May 20, offers intriguing upside. Vegas selected Uronen with the 192nd pick of the 2023 NHL Draft. At the time, he was playing for HIFK’s U20 program, but he quickly transferred to the Ontario Hockey League’s Ottawa 67’s after being drafted. A native of Finland, Uronen showcased his offensive abilities last season with the OHL’s Kingston Frontenacs, posting 38 goals and 90 points in 63 games. Internationally, Uronen scored two goals and three points in seven games for Team Finland during the 2024-25 U20 World Junior Championship.
RFA Re-Signings
F Raphael Lavoie (one year, $775K)*
F Jonas Rondbjerg (one year, $775K)*
F Cole Schwindt (one year, $825K)
D Lukas Cormier (one year, $775K)*
Lavoie had an interesting path last season and will no doubt hope for more stability for the 2025-26 year. Last season, he was waived by Edmonton, claimed by Vegas, waived by Vegas, re-claimed by Edmonton, waived again by Edmonton, and finally re-claimed by Vegas before being sent directly to AHL Henderson in a matter of days last October. Injuries limited Lavoie’s effectiveness somewhat in 2024-25, but he still put together a decent 17-10–27 scoring line in 42 games on an underwhelming Henderson squad. When healthy, the 6’4″ winger can provide key organizational depth and quality scoring possibilities. He potted 28 goals and 50 points in 66 games for AHL Bakersfield in 2023-24.
Rondbjerg, a Golden Knights draft pick in the third round of their inaugural 2017 class, has topped out as a serviceable fringe NHL forward, recording 10 points in 76 games for the Knights over the past four years. Schwindt, perhaps the likeliest of the group to make an impact in Vegas next season, appeared in 42 games last season with Vegas after being claimed off waivers from the Flames during training camp last year. In that time, he produced eight points in a bottom-six role but did provide quality defense and holds a career 51 percent win rate in the faceoff circle. Meanwhile, Cormier will look to get back on track after an injury detailed his 2024-25 season.
Key Extensions
D Kaedan Korczak (four years, $3.25MM)
On the second day of free agency, Vegas locked up one of their own blueliners long-term, giving Korczak a four-year, $13MM contract extension. Despite having just one career goal in 77 games, Korczak clearly earned the confidence of the organization last season, which served as his first full year at the NHL level. He was often a healthy scratch over the course of the season, but still managed to record 10 assists, one penalty, and a plus-15 across 40 games. He added 59 hits and 40 blocked shots while averaging 15:04 of ice time per night. With the loss of Hague and the presumed retirement of Alex Pietrangelo, Vegas may have felt it was key to extend Korczak.
Departures
D Nicolas Hague (trade with Nashville)
F Tanner Pearson (Winnipeg, one-year, $1MM)
F Nicolas Roy (trade with Toronto)
The Golden Knights sit with a heap of unsigned free agents, including goaltender Ilya Samsonov and winger Victor Olofsson. That group is unlikely to re-sign with a cap-strapped Vegas lineup, but the Golden Knights will still leave the summer with minimal exits. Hague stands as the biggest subtraction in size and lineup role – vacating an impactful, third-pair role for a surprisingly rich extension with the Predators. He has posted 12 points and a negative plus-minus in each of the last two seasons, but led Vegas’ blue-line in hits-per-game in both seasons. The Golden Knights will lose similar physical prowess in Pearson and Roy – two depth forwards who both managed encouraging scoring from routine roles in the bottom. Roy finished the year with 15 goals and 31 points, while Pearson scored 12 goals and 27 points. Vegas will need to find internal replacements for all three players, and may be hobbled by their departure – but nonetheless found a way to add more talent than they lost this summer.
Salary Cap Outlook
A summer of strategic spending hasn’t yet come to fruition for the Golden Knights. They currently sit $7.64MM over the cap ceiling, per PuckPedia. Placing top defenseman Alex Pietrangelo on long-term injured reserve will give the team just over $1MM in available cap space, though they’ll likely settle square-even with the cap floor after re-signing RFA Alex Holtz. It will be another season of cap gymnastics for the Golden Knights. Luckily, that’s a game they’re plenty experienced with by this point.
Key Questions
How Will Marner Look Outside of Toronto? The brightest spotlight in the league will be trained on Marner as he pursues his first season with the Golden Knights. The 28-year-old winger had a career-year last season, crossing the century mark for the first time with 102 points in 81 games. He’s paced for at least 100 points in each of the last four seasons, but often missed a handful of games for one reason or another. Still, that will be an incredible talent to join a Golden Knights offense already featuring Jack Eichel and Mark Stone. While he’s already played next to some of the best in the world, Marner could find the best setting of his career on Vegas’ top-line. If he does, the Golden Knights could find the X-factor they need to will to another Stanley Cup. If not, they’ll be strapped with a contract that pushes them against the cap ceiling, and a winger who commands attention in roster construction.
What’s Next For Pavel Dorofeyev? The Pavel Dorofeyev breakout was long-coming, and Golden Knights fans finally saw the payoff when the Russian winger chased a massive 35 goals and 52 points last season. The 24-year-old will enter the 2025-26 season with a strong argument for routine top-six minutes, and seemingly plenty of ramp to one-up on his hot-shooting season last year. Dorofeyev recorded a 13.8 shooting percentage last season, well within range of the 13.4 shooting percentage he posted in 47 games in the 2023-24 season. That could shed positive light on his chances to repeat his lofty goal total, especially as Vegas’ offense continues to load up. Dorofeyev is still due for a new contract next summer. It will be the deal that carries him through his prime years, and a price tag set by how well he’s able to maintain his performances this season.
Who Will Emerge As The Top Right-Defender? Vegas has suffered one major blow this summer. Pietrangelo will miss the entirety of the season, leaving the team without a clear-cut, top-pair right-defender. They’re loaded up on the left-side, with Shea Theodore and Noah Hanifin vying for top minutes and Jeremy Lauzon and Zach Whitecloud sparring for the rest. But opposite of them, it seems Zach Whitecloud – who scored just 13 points and averaged 17:31 in ice time last season – sits as the most poised for hefty minutes. He’ll compete with Kaedan Korczak, who just cracked into the lineup last year, and Dylan Coghlan from the minor leagues. But in the end, Vegas could opt to play Hanifin on his off-hand side over all three options. Hanifin finished last season with 10 goals and 39 points in 80 games – six more goals and points than Pietrangelo. Next to the shifty Theodore, the consequences of playing on his backhand could be mitigated. That will be the test Vegas faces, as they tweak the bolts of the defense behind a loaded offense.
Photo courtesy of Lucas Peltier-USA TODAY Sports and Nick Turchiaro-USA TODAY Sports.