The Blues announced today that they’ve designated winger Mathieu Joseph as a non-roster player, signaling he’ll land on waivers this afternoon. The placement comes after St. Louis tried unsuccessfully to find a trade partner for the forward, per David Pagnotta of The Fourth Period. His roster spot will go to winger Dylan Holloway, who’s coming off injured reserve for tonight’s game against the Kraken as expected.
Joseph, 29, is in the final season of the four-year, $11.8MM deal he signed with the Senators as a restricted free agent in 2022. At the time, it was an incredibly reasonable and relatively low-cost bet on a player who had 12 points in 11 games for the Sens after being acquired from the Lightning in the Nick Paul trade the prior season and had 30 points in 69 games across both teams.
The 6’1″ lefty has churned out just a shell of that production in the years since, though. The high-energy winger had just three goals in the first year of the deal. He enjoyed a brief resurgence with Ottawa in year two, recording a career-high 24 assists and 35 points in 72 games, but that was more a result of him being elevated into the Sens’ top-six out of necessity amid a rash of injuries than anything else.
Ottawa sent Joseph to St. Louis in a cap dump the following summer. In the nearly two full seasons since, he’s only notched six goals and 15 points in 99 games in a Blues uniform, largely in a third or fourth-line role. This season, he has two goals and 11 points in 39 outings and has been a frequent healthy scratch, although he also missed some time in January with an elbow infection.
If there’s any trade interest in Joseph, it’s been quieted by his $2.95MM cap hit. This close to the trade deadline, buyers aren’t going to be willing to commit that much cap space to a reclamation project. St. Louis will almost certainly be moving the pending UFA with retained salary – if at all – as he’s unlikely to get picked off the wire. However, having him clear waivers before a deal would allow the acquiring team to stash him in the minors without risking losing him on the wire again, lowering his cap impact, at least to start.
Any interest in Joseph will be to add some speed and physicality to a team’s fourth line. His offensive utility in a top-nine group is greatly diminished due to Joseph being among the worst finishers in the league, at least among forwards, over the life of his contract. He’s shot at just 6.9% since 2022 and hasn’t hit 10% in a single season since then.
As for Holloway, the Blues hope his second IR reinstatement in as many months is more permanent. He sustained an ankle injury in mid-December that kept him out of the lineup for a month. His return lasted just one game, with the lingering pain still being too much to play through.
With now another month-plus of recovery behind him, thanks to the Olympic break, he should be much closer to – if not at – 100%. He’ll be looking to finish strong after a disappointing first half of the campaign that saw the 24-year-old be limited to eight goals and 17 points in 34 games, certainly limiting his earning potential in a contract year after last season’s breakout.