Archives for September 2025

Five Key Stories: 9/1/25 – 9/7/25

September 7, 2025 at 9:00 pm CDT | by Brian La Rose 1 Comment

The calendar has turned to September and preseason games are only a few weeks away. As a result, there was a bit more activity on the transactions front around the NHL over the past seven days, the most notable of which is recapped in our key stories.

Rule Changes Starting This Season: The CBA extension that was agreed upon back in the spring called for some notable changes starting in 2026-27. But as it turns out, some will be in effect for this season instead. Chief among those is the changes to LTIR that will see the pool limited to the NHL average salary unless the player is out for the season and the institution of a playoff salary cap. Additionally, contracts with deferred compensation will only be allowed until October 6th, players assigned to the minors must play in one game before being recalled (to try to dissuade paper moves), a player can only have his contract retained on a second time after 75 regular season days have passed from his original trade, and post-deadline recall limits being expanded from four to five.

Price’s Contract Traded: After the Canadiens paid Carey Price’s signing bonus on Monday, it was widely expected that they’d move him to get out of using LTIR, a position they’ve been in since 2021. They did just that, sending the injured netminder to San Jose with a 2026 fifth-round pick in exchange for defenseman Gannon Laroque. Price hasn’t played since 2022 but has carried a $10.5MM AAV during that stretch, causing Montreal to have carryover bonus penalties each season since then which is why they were willing to part with a draft pick to avoid being in that spot this season. Meanwhile, the Sharks will only be responsible for paying 40% of his $2MM salary (insurance will cover the rest), meaning they’ve effectively bought a draft pick for $800K. As for Laroque, he has played in just 22 games over the last three years and didn’t suit up at all last season and his playing future remains in question.

Three For Zary: One of the few remaining restricted free agents reached an agreement on a new contract as the Flames re-signed forward Connor Zary to a three-year deal that will carry a $3.775MM AAV. The 23-year-old was a first-round pick by Calgary back in 2020 but he hasn’t seen a ton of action at the NHL level thus far, just 117 outings over two seasons. Last season, Zary was limited to just 54 games due to a pair of knee injuries but when he was in the lineup, he was reasonably productive with 13 goals and 14 assists. The deal is a sign that the Flames feel he still has another level to get to offensively. When this contract expires in 2028, Zary will be arbitration-eligible with one year of RFA eligibility remaining.

Calling It A Career: After parts of ten NHL seasons, veteran center Derek Ryan has called it a career, announcing his retirement at the age of 38. A free agent this summer, he acknowledged that he wasn’t actively pursuing a contract although he would have been open to returning to Edmonton. Ryan took the long route to the NHL, not getting his first contract until 28, that coming after stints in Canada’s college system and three seasons in Austria, hardly a common route. But Ryan eventually became a quality bottom-six center for several years, chipping in with 209 points and a 55.3% success rate on faceoffs in 606 games between Carolina, Calgary, and Edmonton.

Dryden Passes Away: Early Saturday, the Canadiens announced that their long-time goaltender and Hall of Famer Ken Dryden passed away at the age of 78 after a battle with cancer. He was an elite netminder for Montreal in the 1970s, winning six Stanley Cups and five Vezina Trophies over eight seasons and is tied with Dominik Hasek for the highest save percentage in NHL history (among goalies with at least 100 games) at .922. Dryden retired in his 20s but remained in the game as an announcer, an author, and later, as team president in Toronto for several seasons before pursuing a career in Canadian politics. Dryden was inducted into the Hockey Hall of Fame in 1983.

Photo courtesy of Sergei Belski-Imagn Images.

West Notes: Canucks, Necas, Bardakov

September 7, 2025 at 8:02 pm CDT | by Brian La Rose 1 Comment

Ever since they traded J.T. Miller midseason, the Canucks have been on the lookout for help down the middle. However, they haven’t had any success doing so just yet. Speaking with Sportsnet’s Iain MacIntyre, GM Patrik Allvin acknowledged that he hasn’t given up looking for center help just yet and continues to keep an eye on the market:

We continue to talk to teams but there hasn’t been a whole lot available here leading up to this point. Obviously, it comes down to the cost of acquisition and, you know, where the fit is for (coach) Adam Foote and his style of how we want to play. That’s definitely something we continue to look at.

You’re right, the more depth you can have at centre, probably the stronger you are as a team. It’s an area where we’ve identified that if we’re going to make a trade. . . our preference to strengthen our lineup is a centre iceman.

As Allvin noted, there hasn’t been much in the way of available impact centers this offseason. Several free agents ultimately re-signed with their teams while the trade market hasn’t materialized either, especially with so many teams joining the Canucks in their pursuit of a middleman. As things stand, Filip Chytil projects to be Vancouver’s second center heading into training camp, a spot on the depth chart he hasn’t held too often in his career.

PHR Originals: 9/1/25 – 9/7/25

September 7, 2025 at 7:05 pm CDT | by Brian La Rose 1 Comment

The waning days of summer yielded plenty of original content over the past seven days here at PHR as we eagerly wait for an uptick in transactions with training camps on the horizon. In case you missed them earlier, we’ll run through the pieces here. And if you have suggestions for content or features for the upcoming season, please note them here.

As is always the case, last season saw some players have breakout years and other long-time producing veterans wound up struggling. Josh Cybulski took a look at some of the players who could be in line for bounce-back seasons with Pittsburgh goaltender Tristan Jarry, Vancouver center Elias Pettersson, and Los Angeles winger Andrei Kuzmenko among the candidates to see their performance tick back up in the right direction.

Josh Erickson held his usual weekly chat plus an extra one on Labor Day. In the first, topics included the state of the Devils and the Luke Hughes negotiations, whether St. Louis should look into moving Jordan Binnington, and Filip Chytil’s potential as he’s set to begin his first full season in Vancouver. In the second, discussion points including Wyatt Kaiser remaining unsigned in Chicago, Berkly Catton’s potential to make Seattle’s roster next season, and who the first head coach to be fired might be this season.

Our Summer Synopsis continued as I examined Seattle’s offseason while Brennan McClain and I did the same for San Jose. The Kraken were busy early on with the hiring of a new coach and the promotion of Jason Botterill to GM but there wasn’t a lot of roster turnover although they added some grit on the wing in Mason Marchment and some defensive depth in Ryan Lindgren. Meanwhile, the Sharks were quite active this summer, swinging five trades while bringing in several veterans on short-term deals, including Dmitry Orlov, Jeff Skinner, and John Klingberg. San Jose isn’t expected to be in contention for a playoff spot but with so many short-term contracts on their books, they could be active on the trade front over the coming months as well.

Marc-Edouard Vlasic wasn’t expecting to be in this summer’s free agent class but he was among the few players who were bought out in June, sending him to the open market for the first time. Josh Cybulski looked at the veteran blueliner’s options while noting that a guaranteed NHL deal is going to be difficult for him to come by at this time. Vlasic made it clear he intends to keep playing but at this time, he’ll either have to settle for a PTO or look at overseas opportunities.

Among the changes that the NHL and NHLPA would like to bring in for the upcoming season is an exemption that would allow each NHL team to assign one 19-year-old CHL player to the minors. That amendment is pending an agreement between the NHL and CHL that is not yet in place at this time. If something can be worked out, Josh Erickson previewed some of the candidates to start in the AHL, including several top prospects.

Our tour of the Central Division continued in our annual Salary Cap Deep Dive series as I profiled Minnesota. The Wild had ample cap space at their disposal this summer for the first time in several years but wound up largely staying quiet aside from the acquisition of Vladimir Tarasenko and the signing of Nico Sturm. They left themselves ample flexibility to re-sign Marco Rossi and now, barring any late-summer activity, will be in a spot to bank plenty of cap space over the course of the season.

The Islanders brought in a new GM this summer with Mathieu Darche taking over. He made one significant trade by moving Noah Dobson to Montreal but has made it clear that he’s not intent on beginning a rebuild despite adding three lottery picks to his prospect pool in June. Josh Cybulski wonders what the team will be able to do this season; there’s a viable path for them to get back to the playoff picture but if some of their veterans struggle, they could find themselves outside the postseason once again with the odds of another draft lottery win being rather low.

While Matthew Tkachuk’s surgery will give Florida some LTIR flexibility heading into the season (though not as much as expected with the new LTIR rules coming into play this year instead of next), that will only allow them to kick the can down the road for a little bit when it comes to getting into cap compliance upon Tkachuk’s eventual return. Josh Erickson went through the roster for the Panthers to see what players could be the odd ones out when Florida gets back to full health midseason.

Kris Letang has been a mainstay on Pittsburgh’s back end for the better part of two decades; he’s set to play his 20th season with them this season. But his offensive output dropped sharply last season to 30 points, his lowest total since 2013-14 when he missed more than half the season due to injury. Josh Cybulski asked whether the 38-year-old can rediscover his game or if the decline is a sign of things to come. With three years left on his contract heading into this season, the Penguins are certainly hoping that he’ll be able to rebound from his tough 2024-25 showing.

Afternoon Notes: Thompson, Reichel, Ovechkin

September 7, 2025 at 5:58 pm CDT | by Gabriel Foley 6 Comments

It has been an up-and-down year for Buffalo Sabres star Tage Thompson. He was excluded from Team USA’s roster at the Four Nations Face-Off in February, prompting a monster run through the rest of his games last season. He scored 33 goals in 57 games following the mid-year break, then added nine points in 10 games at the summer’s World Championship, including the decisive goal to earn the United States their first Gold Medal in recent history. As part of an extended interview, Thompson told Michael Russo of The Athletic that he’s hoping that goal can advance his spot on the watchlist as the USA prepares for the Olympics. He said:

I would hope scoring that goal would make a difference, but it’s also one play. It doesn’t define me as a player or mean that I had a great tournament or anything by that means… I want to be an Olympian, but getting the Sabres back into the playoffs is always at the forefront.

Thompson is undoubtedly one of America’s biggest scoring threats. His 120 goals in 225 games is the second-most from any American in the NHL since 2022, behind only Auston Matthews (142 goals in 222 games). Thompson has managed that feat despite playing for the only team to score more than 800 goals, and still get outscored, in the same timeframe. He’s the standing pillar of a struggling team, a point made literal by Thompson’s 6-foot-6, 220-pound frame. The United States tied Canada for the most goals (10) during their three games at the 4-Nations Face-Off. Adding a player of Thompson’s caliber to the lineup could be enough to will the Americans over their rival on the biggest stage next February.

Other notes from around the NHL:

Chicago Blackhawks winger Lukas Reichel told Ben Pope of the Chicago Sun Times that he hasn’t been able to dodge trade rumors – even hearing them on the streets of his native Germany. Despite that, Reichel emphasized that his focus is squarely on carving out a big role with the Blackhawks next season. He scored a career-high eight goals and 22 points in 70 games last season, but still seems well capable of achieving more. The Blackhawks will have plenty of new faces challenging Reichel for minutes next year, including newcomer Andre Burakovsky and rookies Oliver Moore and Landon Slaggert. That competition will push Reichel to a breaking point. If he can show his might in the NHL, he’ll earn a strong role in the middle-six. If not, he could soon find a path away from the Blackhawks organization.
NHL legend Alex Ovechkin has departed from his native Russia to return to the United States for the 2025-26 season, shares Sammi Silber of The Hockey News. Ovechkin will kick off his 21st season in the NHL when he lands back in Washington D.C. That mark will make him one of just 42 NHL players to appear in at least 21 seasons. The future Hall-of-Famer broke the league’s record for all-time goals last season, en route to an incredibly 44 goals and 73 points in just 65 games. It will be hard to relieve those numbers as he inches as he prepares to play in his age-40 season. Even then, managing even half of that scoring pace would put Ovechkin on pace for the highest-scoring age-40 season since Teemu Selanne posted 80 points in 2010-11.

Extending Jack Eichel Will Be A Top Priority For Golden Knights

September 7, 2025 at 4:18 pm CDT | by Gabriel Foley Leave a Comment

The Vegas Golden Knights find their back to summer fireworks every single year. They pulled off a sign-and-trade deal for Mitch Marner this year, complete with an eight-year, $96MM contract for the superstar winger. Now, they face the looming task of signing top center Jack Eichel before he reaches free agency next July. Golden Knights general manager Kelly McCrimmon said that Eichel’s deal will be a top priority for the club in a recent conversation with Pierre LeBrun of The Athletic. LeBrun further added that, while the two sides still have a long way to go, he’d be surprised if a deal didn’t get done.

Extension conversations between Eichel and Vegas began back in May, and the team began to work out contract estimates following their July acquisition of Marner. Sportsnet’s Elliotte Friedman suggested that Vegas was ready to hand Eichel an even heftier deal than what Marner received – and with talks continuing at a strong cadence, it doesn’t seem that bar has created any barriers.

Targeting a deal richer than Marner’s will almost certainly land the value of Eichel’s next deal north of $100MM. That would put him among a limited, but growing, group of NHL stars to sign a nine-figure deal. Only seven players have signed such contracts – the most recent being Leon Draisaitl’s record-breaking $112MM contract with the Edmonton Oilers. That deal – which carries a $14MM cap hit for eight seasons – could be where Vegas begins conversations with Eichel. The 28-year-old centerman hasn’t yet crossed the century mark in scoring, but he’s planted deep roots in Vegas’ top forward role and seems set for a big year with Marner’s support.

Aside from the importance of signing your lineup star, Vegas will need to cement Eichel’s deal before they even think of budgeting for the 2026-27 season. The salary cap is expected to rise to $104MM – nearly $9MM more than next season’s limit – which should give Vegas plenty of space to give Eichel a raise of $4MM or $5MM per year. The Golden Knights will be pushing up against the cap ceiling this next season, and will only manage any cap relief by placing top defenseman Alex Pietrangelo on long-term injured reserve.

No matter where his salary ends up, Eichel’s next deal seems all-but-certain to carry through the bulk of his 30’s. They could be the best years of the one-time Stanley Cup winner’s career as well, as Vegas continues to load up on blue-chip talent through free agency and the draft. The Golden Knights will be as competitive as ever next season – with Marner’s debut, Pavel Dorofeyev’s follow-up, and Trevor Connelly’s push up the minor-leagues each providing plenty of sparks.

Ryane Clowe Steps Down From Sharks’ Assistant GM Role

September 7, 2025 at 1:32 pm CDT | by Gabriel Foley 4 Comments

In a surprising bit of news, former NHL forward Ryane Clowe has announced he has resigned from the San Jose Sharks’ assistant general manager role. Last season was Clowe’s first in a role with the Sharks front office. In a statement released through the Sharks social media, Clowe said:

I truly loved being back in San Jose and working with Mike Grier and his entire team, but at this point, this decision is in the best interest of my family. The franchise has an exciting future ahead and is set up to be successful for a long period of time…

Last summer, Clowe returned to the Sharks organization for the first time since 2013. His last tenure with the Sharks spanned 12 years, beginning with a sixth-round selection in the 2001 NHL Draft. Clowe moved to the Sharks’ pro ranks two seasons later, joining the AHL’s Cleveland Barons in the 2003-04 season. He was an instant force – netting 102 points and 198 penalty minutes over his first two seasons, and 146 games, in the minor-leagues. That earned him a full-time role in the NHL by 2006, and Clowe quickly became a core piece of the San Jose roster. He rivaled 50 points and 100 penalty minutes in every season between 2008 and 2012 – and served as the club’s assistant captain for the latter three years.

His time with San Jose came to a close when he was controversially traded to the New York Rangers for a heap of draft picks in 2013. Clowe didn’t find the same groove with the Rangers, and couldn’t rediscover it with a move to the New Jersey Devils later in his career. He played his final NHL game in 2015 and joined the Devils as an assistant coach in 2016.

Clowe worked backwards with his playing days behind him. He served two years on the Devils’ bench, before serving three in a team consultant and senior advisor position with the Rangers, and then moving to the Sharks last summer.

Now, Clowe steps away from important roles with San Jose’s NHL and AHL rosters. His duties will likely be distributed among fellow assistant GMs Joe Will and Tom Holy, unless the Sharks opt to hire a replacement. At the time, it’s not clear why Clowe chose to step away from the Sharks, though it’d be hard to imagine he stays away from the sport for too long. Clowe recorded 309 points and 618 penalty minutes in 491 games, and 13 seasons, in his NHL career. He’s pushed through six more NHL seasons in a staff position.

Can Kris Letang Rediscover His Game?

September 7, 2025 at 11:20 am CDT | by Josh Cybulski 7 Comments

Kris Letang has been a polarizing figure amongst Penguins fans since breaking into the NHL in October of 2006. Now, Letang wouldn’t become a full-time NHLer until the following season and didn’t become a number one defenseman until the 2010-11 season. But since that time, he has held on firmly to a spot on the right side of the Penguins’ top defensive pairing, and that role has never been in doubt until the 2023-24 season, when Erik Karlsson arrived via trade. Now, the questions surrounding Letang’s role on the top unit have less to do with Karlsson’s arrival and more to do with the fact that Letang’s game has slipped in recent seasons, and it is fair to ask if he should be on the Penguins’ first defensive unit.

Letang’s 2024-25 performance was below his career norms, as he scored just nine goals and 21 assists in 74 games. His -15 plus/minus was a significant drop from the previous year, along with the 100 turnovers he committed, marking the first time he reached triple digits in that category. The 100 turnovers are a glaring problem and highlight a significant issue for Letang, as his once-elite skating seemed to falter last season. He wasn’t able to create the space he was used to and often found himself carrying the puck under pressure more than in previous years. Throughout his career, Letang has been prone to defensive lapses, even at his peak. He also has a history of making questionable decisions with the puck, which has become even more evident now that his decision-making window has narrowed due to his difficulty in creating space for himself.

Now, that aging curve is undefeated, and it’s unfair to expect Letang to defy his age forever. However, his decline in play might not have been solely due to age, as the Montreal, Quebec native faced several health issues once again last season. Letang has battled a wild amount of injuries and health conditions throughout his NHL career, and he underwent heart surgery in mid-April to close a small hole in his heart that had previously caused strokes. Letang is expected to recover in time to start the upcoming season, and it is hoped that he will be fully healthy by then.

Letang has been prone to defensive lapses throughout his career, even at the peak of his abilities. In recent years, there has been a general decline in his defensive performance, partly due to aging and partly because the Penguins have overused and overextended him, especially since the arrival of Karlsson. Some might think that Karlsson’s addition would reduce some of the pressure on Letang. However, in reality, it changed his role, expecting him to be more of a defensive defenseman, which doesn’t suit his skill set, particularly given his age.

So, what can Penguins fans expect from Letang? Well, it’s fair to wonder how far north of 20 minutes per game he can play on a nightly basis. The 38-year-old has been a workhorse throughout his career, but given his age, health, and declining skills, he shouldn’t be playing as often as he currently does. He will undoubtedly try to condition himself to reach those minutes, but if the Penguins want to get the most out of Letang, they need to ease his workload. Letang probably wouldn’t love a reduced role, but if he wants to extend his career and make a greater impact, he might need to delegate some responsibilities to other members of the Penguins’ defense core.

The Penguins lack a strong defensive core; in fact, it might be the weakest in the entire league. However, they do have considerable depth on the right side, having acquired Connor Clifton and Matt Dumba this summer, and drafting Harrison Brunicke last year, who could be ready for the NHL. Now, none of those players can replace Letang when he is at his best, but Letang’s prime is behind him now, and it’s fair to wonder if any of those men can replace a worn-out Letang in part when exhaustion catches up to him.

There are some signs that Letang could bounce back. He still trains harder than perhaps anyone in the NHL and can skate well, logging significant minutes. How effective those minutes will be remains to be seen, but Letang can handle a decent amount of ice time. His speed should continue to help him be a major part of Pittsburgh’s transition game, especially if he spends a lot of time with the Penguins’ top line of Sidney Crosby, Bryan Rust, and Rickard Rakell. Letang also remains an excellent passer and should continue to produce offense, even if other aspects of his game are more limited.

There will be challenges with Letang, and they are the same concerns the Penguins have faced in recent years. Letang has missed numerous games throughout his career due to illness and injury. There is always a risk that he could suffer another injury and miss significant time again. The Penguins have no direct replacement for Letang and need to have him in the lineup if they hope to be even average in the Eastern Conference.

Letang’s on-ice play has also become a concern as it has declined and he no longer shows the same consistency he demonstrated earlier in his career. This is expected, but since he has three years remaining on his contract, Pittsburgh is likely hoping he can improve his play again for at least another year or two. At the end of the day, Letang will be valuable to Pittsburgh. His hockey IQ should help mentor some of the younger players that the team will use this season, much like Sergei Gonchar mentored Letang early in his career. However, if Letang can adjust his game to his new reality and skill set, he could make the necessary changes to extend his career and remain in the Penguins’ top six for the next year or two. Letang has faced tough years before, battling major health hurdles, and he has always found a way to bounce back; however, this will be his biggest challenge yet.

Photo by Charles LeClaire-Imagn Images

Hurricanes Sign Kevin Labanc To Professional Tryout

September 7, 2025 at 9:51 am CDT | by Josh Erickson 3 Comments

The Hurricanes signed winger Kevin Labanc to a professional tryout ahead of training camp kicking off in the next several days, Elliotte Friedman of Sportsnet reports Sunday.

Labanc will opt to try and stay stateside after being targeted by Russia’s CSKA Moscow earlier in the summer. His agent refuted at the time that Labanc had any interest in heading overseas, evidenced by his willingness to take a PTO instead of opting for more stability overseas.

It’s also the second straight season Labanc, who had a career-high 56 points back in the 2018-19 season with the Sharks, has had to settle for a camp tryout. He landed one with the Devils after the Sharks let him become an unrestricted free agent last summer. It didn’t end up working out in New Jersey, but his performance in their camp was strong enough for the Blue Jackets to pick him up on a one-year, league-minimum deal after he got released.

Labanc wasn’t much more than a fourth-line piece by the end of his tenure in San Jose. Nothing really changed on that front in Columbus, either. He was a serviceable depth forward for the Jackets, providing decent depth scoring – two goals and 12 points – in 34 games while averaging a career-low 10:30 per game. That was all before shoulder surgery ended his season in February.

The 29-year-old certainly isn’t the offensive presence he once was. He only has four goals and 21 points in 80 appearances over the last two seasons. Nonetheless, it’s clear to see why Carolina targeted him to fill a depth role for them.

Despite some eye-popping plus/minus figures on the Sharks over the years, Labanc has actually graded out as a high-end two-way piece lower in the lineup. He was arguably one of the Jackets’ best defensive forwards last season, posting a raw CF% of 52.6 at even strength despite only starting 42.9% of his shifts in the offensive zone. Columbus controlled nearly 4% more shot attempts with Labanc on the ice than without him, a stark contrast for anyone, let alone a player primarily deployed in defensive roles.

Ideally, Labanc can demonstrate enough utility in training camp to earn another cheap one-way deal with the Canes and start the season in a No. 13/14 role. There isn’t a ton of room for him to work his way into an opening-night job. Carolina’s rather full on the wings with their addition of Nikolaj Ehlers, pushing names like Jordan Martinook and Eric Robinson back down to fourth-line projections. There’s also William Carrier in the picture; he’s entering the second year of a six-year deal at a $2MM cap hit. It’s unlikely he ends up on waivers. That means Carolina has a tough competition for a second extra forward spot between Labanc, fellow PTO addition Givani Smith, Tyson Jost, and younger names like Ryan Suzuki.

Kings’ Liam Greentree Fully Recovered From Wrist Surgery

September 6, 2025 at 8:00 pm CDT | by Brennan McClain 3 Comments

Although he’s not expected to crack the Los Angeles Kings’ roster out of training camp, prospect Liam Greentree has reportedly fully recovered from his offseason wrist surgery. In an update from David Hofreiter of the Mayor’s Manor, Greentree will participate in the Kings’ upcoming rookie camp.

After recording 36 goals and 90 points in 64 games for the OHL’s Windsor Spitfires during the 2023-24 season, the Kings selected Greentree with the 26th overall pick of the 2024 NHL Draft. Suiting up for the Spitfires again last year, Greentree set new career-highs with 49 goals and 119 points in 64 games with an impressive +55 rating.

He added on to his exceptional 2024-25 performance with a solid postseason run, scoring 14 goals and 24 points in 11 games. Unfortunately, the Spitfires were eliminated in the second round of the OHL playoffs.

Regardless of the solid campaign, it’s been several months since Greentree has played at full speed, considering he missed the Kings’ development camp earlier in the summer. Meanwhile, he was held out of the Spitfires’ first preseason contest last night, although he’s expected to feature in at least one exhibition before heading to Los Angeles for rookie camp.

He’ll be an interesting player to watch in the upcoming season. He has very little left to prove in the OHL, but isn’t old enough to play for the Kings’ AHL affiliate, the Ontario Reign (unless the current rules are unexpectedly amended before the start of the season). Instead of getting a nine-game tryout with the Kings to start the season, it may be best to wait toward the back of the season to get Greentree into Los Angeles’ nine remaining games before participating in the playoffs, if they qualify.

Summer Synopsis: San Jose Sharks

September 6, 2025 at 6:25 pm CDT | by Brian La Rose 5 Comments

With training camps now just a couple of weeks away, 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. Next up is a look at San Jose.

Expectations weren’t particularly high for the Sharks heading into last season as their extended rebuild continued with their struggles to land another top draft pick. This summer saw GM Mike Grier be quite active overall, although expectations for the upcoming season will once again be low, as the bulk of their summer activity was adding short-term veterans who could potentially be flipped later in the season.

Draft

1-2 – F Michael Misa, Saginaw (OHL)
1-30 – G Joshua Ravensbergen, Prince George (WHL)
2-33 – D Haoxi Wang, Oshawa (OHL)
2-53 – F Cole McKinney, U.S. U18 (NTDP)
3-95 – F Teddy Mutryn, Chicago (USHL)
4-115 – D Ilyas Magomedsultanov, Yaroslavl (MHL)
4-124 – D Zack Sharp, Western Michigan (NCHC)
5-150 – F Max Heise, Penticton (BCHL)
7-210 – F Richard Gallant, U.S. U18 (NTDP)

Arguably the best forward, if not the best player, heading into the 2025 NHL Draft, Misa adds to an already elite group of Sharks forward prospects. In his third season with the OHL’s Saginaw Spirit, Misa recorded 62 goals and 134 points in 65 games with a +45 rating. Displaying a skating ability reminiscent of former MVP Nathan MacKinnon, San Jose could have one of the scariest forward cores in the league with Misa, Celebrini, and Smith headlining.

Despite having mixed results throughout the 2024-25 season, Ravensbergen is a prototypical goalie prospect, standing at 6’5″ and having the movement between the pipes as if he’s a foot shorter. Throughout his rookie campaign with the WHL’s Prince George Cougars, Ravensbergen managed a 26-4-1 record in 38 games with a .907 SV% and 2.46 GAA, along with six shutouts. Although it’s difficult to project him as a consistent threat for the Vezina Trophy, Ravensbergen has the size and ability to be an above-average netminder at the NHL level.

Outside of their top two selections, the Sharks’ next four picks are all projected to play NHL minutes throughout their careers. It’s a fool’s errand to accurately project the players beyond the first four rounds in any year of the draft, but most pundits consider San Jose’s 2025 draft to be an overwhelming success.

Trade Acquisitions

F Shane Bowers (from New Jersey)
G Alex Nedeljkovic (from Pittsburgh)
F Oskar Olausson (from Colorado)
G Carey Price (from Montreal)
F Ryan Reaves (from Toronto)

Acquiring some insurance for Askarov, the Sharks will become the fourth team of Nedeljkovic’s career. After failing to become an everyday goalie for the Detroit Red Wings, Nedeljkovic spent the last two years with the Pittsburgh Penguins, managing a 32-22-12 record in 76 games with a .898 SV% and 3.05 GAA. While that production doesn’t exhibit much stability, it’s worth noting that Nedeljkovic nearly led the Penguins to the postseason in the 2023-24 campaign, with an 8-2-2 performance to end the season.

Outside of Nedeljkovic, San Jose didn’t add too much on the trade market. Reaves holds nearly zero value as an everyday player, but will add some protection for the Sharks’ crop of young talent. Meanwhile, although each used to be an above-average prospect, Bowers and Olausson have a lot of work cut out for them should they become consistent NHL talents.

One of the Sharks’ biggest trades of the summer came only yesterday, when they acquired Price’s contract from the Montreal Canadiens. Although he’ll never play with San Jose, he affords them a $10.5MM salary cushion should they hope to trade any current veterans for prospects or draft capital. The best part is, despite having a $10.5MM cap hit, the Sharks only owe Price $2MM throughout the regular season since much of his salary was paid out via a signing bonus on September 1st.

UFA Signings

D Cole Clayton (one year, $775K)*
F Adam Gaudette (two years, $4MM)
F Jimmy Huntington (one year, $775K)*
D John Klingberg (one year, $4MM)
F Philipp Kurashev (one year, $1.2MM)
F Samuel Laberge (one year, $775K)*
D Dmitry Orlov (two years, $13MM)
F Pavol Regenda (one year, $775K)*^
G Jakub Skarek (one year, $775K)
F Jeff Skinner (one year, $3MM)
F Colin White (one year, $775K)*^

*-denotes two-way contract
^-denotes re-signing

Heading into the summer months, the Sharks had the cap space to supplement their young roster. In doing so, the team added Klingberg and Orlov to expensive deals to bolster the blue line, while also adding depth forwards like Gaudette, Kurashev, and Skinner.

After scoring one goal and four points in 19 postseason games for the Oilers during the 2024-25 Stanley Cup playoffs, Klingberg doesn’t appear to be the health question mark he was heading into last season. Regardless of his limited availability over the past several years, Klingberg immediately becomes the Sharks’ top option on the right side.

Meanwhile, Orlov lands in the Bay Area after four solid seasons split between the Washington Capitals, Boston Bruins, and Carolina Hurricanes. Throughout that stretch, Orlov scored 31 goals and 125 points in 300 games with a +57 rating, averaging more than 20 minutes of ice time per night. Although he did have a shaky performance with the Hurricanes last postseason, he’s now one of the most accomplished defensemen on the Sharks.

Along with the youngsters who will undoubtedly compete for a roster spot during training camp, the trio of Gaudette, Kurashev, and Skinner should make up for the exodus of depth forwards the team sustained this offseason. Even if they don’t have career years, they’ll raise the Sharks’ floor at the very least, and keep some stability in the bottom six of the forward core.

RFA Re-Signings

F Egor Afanasyev (one year, $800K)
G Gabriel Carriere (one year, $795K)*
D Shakir Mukhamadullin (one year, $1MM)
D Jack Thompson (one year, $800K)*

*-denotes two-way contract

There wasn’t a lot of work to be done on this front this summer. With Mukhamadullin and Thompson still adjusting to the NHL, a short-term contract was the best option for both parties while the team evaluates their potential roles in the future. Meanwhile, the return of Afanasyev from the KHL was a little unexpected. He’ll have a chance to push for a roster spot in training camp and will be waiver-eligible for the first time this fall.

Key Extension

F William Eklund (three years, $16.8MM)

It’s not very often that a team will sign a player to a bridge contract a year before their contract actually expires, but that’s the route Eklund and the Sharks took this summer. The 22-year-old forward has shown lots of promise in his first two full NHL seasons, including putting up 58 points in 2024-25, good for second on San Jose in team scoring. Eklund, the seventh overall pick in 2021, remains a big part of their long-term plans and will be pencilled into a top-six spot once again this season. But he’ll have to wait a little while longer to secure the long-term contract that some thought might have been coming his way next year, while both sides will have more time to assess his long-term upside.

Waiver Claim

D Nick Leddy (from St. Louis)

For the second straight summer, the Sharks executed a rare waiver claim to add a veteran, this time on the back end after getting Barclay Goodrow last year. Leddy dealt with some injury issues last season and didn’t fare particularly well when he was in the lineup. Still, he adds some veteran depth on the back end, and if San Jose can get his game back on track, he could become a viable trade candidate late in the season.

Departures

F Carl Berglund (signed in Czechia)
F Thomas Bordeleau (trade with New Jersey)
F Nolan Burke (unsigned)
F Brandon Coe (unsigned)
F Walker Duehr (signed with Winnipeg, one year, $775K)*
G Alexandar Georgiev (unsigned)
F Noah Gregor (unsigned)
F Daniil Gushchin (trade with Colorado)
F Klim Kostin (unsigned)
F Nikolai Kovalenko (signed in KHL)
D Gannon Laroque (trade with Montreal)
F Andrew Poturalski (contract termination, signed in KHL)
G Georgi Romanov (PTO with New Jersey)
F Mitchell Russell (signed in ECHL)
D Jan Rutta (signed in Switzerland)
D Scott Sabourin (signed with Tampa Bay, one year, $775K)*
D Jimmy Schuldt (signed with Vancouver, two years, $1.55MM)*
D Henry Thrun (trade with Toronto)
D Marc-Edouard Vlasic (bought out, unsigned)

*-denotes two-way contract

Although the Sharks weren’t in a position to lose any big names this offseason, they lost plenty of depth. Still, given the number of additions and influx of young talent, San Jose was in a comfortable position to sustain every departure.

The most notable, if any, will undoubtedly be Vlasic. Becoming a shell of himself since the start of the 2019-20 campaign, Vlasic had only scored 17 goals and 68 points in his last 358 games as a Shark with a -90 rating while averaging 17:09 of ice time per game. Still, giving 19 years of his life to the organization, Vlasic will always be remembered as one of the best defensemen to ever wear the teal.

Outside of Vlasic, the combination of Bordeleau, Duehr, Gregor, Gushchin, Kostin, Kovalenko, Poturalski, Rutta, Sabourin, Schuldt, and Thrun provided the Sharks with 11 goals and 45 points in 223 combined games last season. Arguably, San Jose should be able to replicate, if not improve upon, that production with their additions and promotions this summer.

Salary Cap Outlook

Even with taking on a $10.5MM cap charge with Price, the Sharks still have plenty of cap flexibility heading into the season, with more than $9MM in cap space, per PuckPedia. With them being widely expected to sell at some point, the addition of Price should help keep them comfortably above the $70.6MM salary floor. Meanwhile, with just over $41MM on the books beyond the upcoming season and only one player signed beyond 2027-28 (Eklund), San Jose has arguably the most cap flexibility of any team moving forward.

Key Questions

How Much Will Askarov Play In His First Full NHL Season? When Grier acquired Yaroslav Askarov from Nashville last offseason, he secured what he hopes will be their long-term solution between the pipes. However, he will enter the year with just 16 NHL appearances under his belt, and generally speaking, throwing a young netminder to the wolves on a team that’s not expected to be particularly competitive is risky from a development standpoint. The addition of Nedeljkovic gives them some insurance, but how they split the starts will be interesting to see. Do they try to push Askarov with more of a traditional starting workload, or will it be more of a split so that they don’t throw too much at the young player too quickly?

What Will Happen With Ferraro? For the last two years, defenseman Mario Ferraro has been a speculative trade candidate leading up to the trade deadline, but no move has come to fruition. Now, the 26-year-old is entering the final season of his contract, one that carries a respectable $3.25MM AAV. Grier will need to decide in the coming months leading up to the March 6th trade deadline if he views Ferraro as a longer-term building block, meaning that contract extension talks will be needed. Otherwise, perhaps the third time will be the charm on the trade front.

How Big Of A Next Step Will Celebrini Take? While he didn’t win the Calder Trophy last season (he finished third in voting), 2024 top pick Macklin Celebrini had an impressive rookie year, leading the Sharks in scoring with 63 points (25 goals and 38 assists) in 70 games. Widely viewed as an elite two-way center of the future, can Celebrini take a step forward offensively while also shoring up his defensive play? The sooner he becomes the all-around player he has been touted to become, the sooner one of the hardest positions to fill in a rebuild will be in place. A significant leap could prompt Grier to transition from rebuilding to acquiring long-term additions for the team.

Photo courtesy of Charles LeClaire and David Gonzales-Imagn Images.

PHR’s Brennan McClain also continued to this post.

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