The Wild announced a trade sending defenseman Kyle Masters to the Sharks for winger Oskar Olausson. Both players were previously in the minors and will now report to their new clubs’ affiliates.
Olausson’s stay in the San Jose organization was a very brief one. The Swedish winger, who turns 23 next month, was a first-round pick by the Avalanche in 2021. After failing to land an NHL job with Colorado and taking a significant step back in the minors last year, the Avs traded Olausson to the Sharks in exchange for the signing rights to Daniil Gushchin. Olausson was waived and assigned to AHL San Jose out of camp, but had yet to play for the Barracuda this season, so he leaves the Bay Area without recording a single appearance in the organization.
It’s a swing on upside by the Wild and a prudent pickup for the cost. While Olausson only has four NHL games to his name, going without a point and averaging just 8:07 per game, there’s no long-term obligation in the pickup as they can non-tender him at the end of the season. At minimum, they’re adding some offensive depth to an Iowa club that hasn’t fared all too well in the past few years, which could, while unlikely, turn into an NHL piece down the line. Even though Olausson hasn’t developed as hoped so far, he’s still young enough to have a decent chance at a turnaround.
The 6’2″ Olausson looked like he was on the upswing as recently as the 2023-24 season. Injuries limited him to 39 appearances with AHL Colorado that year, but he managed an 11-9–20 scoring line after producing the same output in 63 games the year prior. That momentum didn’t continue into 2024-25, though. Olausson wasn’t even a top-10 scorer on the team last year and finished the campaign with an 11-15–26 scoring line in 61 appearances – not production you want to see from someone touted as a scoring winger.
While Minnesota could have had Olausson on the waiver wire for free a few weeks ago, that would have required keeping him on their NHL roster, something they’re not keen to do. They also don’t take on an additional contract by parting ways with Masters, a 2021 fourth-round pick who’s still at the ECHL level as he begins his third professional season. The 6’0″ righty has split the last two years between AHL and ECHL Iowa. He has a 1-5–6 scoring line with an even rating in 35 career AHL games and a 9-23–32 line in 59 ECHL games with a -7 rating.
For San Jose, giving Olausson up is a matter of creating more playing time in the AHL for the names they’ve drafted and continue to develop, like Ethan Cardwell, Cameron Lund, and Quentin Musty. Masters will now report to their ECHL affiliate in Wichita.