With the Olympic trade freeze coming up soon, trade activity is starting to percolate around the NHL. To that end, a swap of significance plus a youngster being in play highlight the key stories from the past seven days.
Seven For Doan: Jarmo Kekalainen wasted little time getting a big contract done after taking over as GM. It just wasn’t with who many thought it would be (Alex Tuch). Instead, the Sabres have signed winger Josh Doan to a seven-year, $48.65MM extension (a $6.95MM AAV). Acquired from Utah as part of the JJ Peterka trade over the offseason, Doan has quickly locked down a top-six spot and has 15 goals and 20 assists in 51 games this season. This extension, which buys Buffalo four more years of club control, is a sign that management feels that Doan has another level or two to get to offensively and if so, this could become a team-friendly pact fairly quickly.
Ullmark Returns: Senators goaltender Linus Ullmark returned to the active roster on Sunday after missing the last four weeks on a leave of absence for mental health reasons. Youngster Leevi Merilainen struggled mightily in Ullmark’s absence, posting a save percentage of just .843 that ultimately resulted in Ottawa signing veteran James Reimer to try to give them a slight boost. Ullmark has had his struggles as well this season but if the Senators are going to turn things around and get back into the playoff race, they’ll need him to have even a chance of doing so.
Sherwood To Sharks: Going into the season, few would have expected the Sharks to be adding a rental player. However, with the final few playoff spots in the West (and the Pacific Division, in particular) up for grabs and a better-than-expected first half, San Jose is now a buyer. To that end, they dealt a pair of second-round picks along with AHL defenseman Cole Clayton to Vancouver in exchange for winger Kiefer Sherwood. The 30-year-old got off to a great start offensively this season and has 17 goals in 44 games. Meanwhile, after recording a league-record 462 hits in 2024-25, Sherwood has 210 this season, or 4.77 per game. A pending unrestricted free agent, Sherwood is in line for a significant raise from his current $1.5MM cap charge and should be in line for a fairly long-term contract as well.
Help For Florida: It has been a rough year on the injury front for the Panthers but they got some good news on that front. First, winger Matthew Tkachuk returned after missing the first 47 games due to an adductor injury. He has averaged more than a point per game over the last four seasons and gives them their top winger back in the lineup. To make cap room for Tkachuk, Seth Jones was moved to LTIR and was subsequently replaced on Team USA’s Olympic roster by Jackson Lacombe. Meanwhile, Florida also got Brad Marchand back from an undisclosed injury that went from day-to-day to multiple weeks. The veteran was their leading scorer before the injury while being pressed into a bigger-than-expected offensive role due to the injuries. The Panthers are five points out of a playoff spot but now have their top wingers back to aid in their postseason push.
Wright In Play? It wasn’t too long ago that Shane Wright was the projected top pick of the 2022 draft. He ultimately fell to fourth where Seattle was happy to scoop him up. However, the Kraken are now believed to be open to moving him, feeling that they can leverage their center depth to fill another area of need on their roster. The 22-year-old is in his second full NHL season but after a strong showing in 2024-25 where he had 19 goals and 25 assists in 79 games, his output has dipped this year. Through 51 games so far, Wright has just seven goals and 11 helpers while his ice time has dropped under 14 minutes per night. That said, Wright still has one more year left on his entry-level contract and five more seasons of club control so Seattle will justifiably be aiming high if they ultimately decide to move him.
Photo courtesy of Jeff Curry-Imagn Images.