Morning Notes: Thomas, Blue Jackets, Belchetz

The Philadelphia Flyers are highly unlikely to be the landing spot for St. Louis Blues star center Robert Thomas if he is traded before the deadline, The Athletic’s Kevin Kurz reported today. A Flyers team source told Kurz that the team considers a trade for Thomas “completely unreasonable,” and with that feeling likely a result of the high price the Blues have set for teams interested in Thomas. According to Kurz, the Flyers “would probably have to be willing to part with” one of their two young wingers with star potential (Matvei Michkov, Porter Martone) as well as a first-round pick and another young roster player. Despite a pressing organizational need for a top-line center, the Flyers, per this report, believe the Blues’ asking price to simply be too steep for them to get involved in trade talks for Thomas.

Of course, value is in the eye of the beholder. From the Blues’ perspective, they’re likely to believe their high asking price for Thomas to be entirely fair. To an extent, it’s easy to see why. Thomas is an established No. 1 center who scored 81 points in 70 games last season, a 95-point 82-game scoring pace. While his production is down this year, the Blues’ struggles as a team this season make it difficult to pin Thomas’ decline entirely on some lasting decrease in his talent level. Thomas is 26 years old and has five additional seasons on a $8.125MM AAV contract. His below-market cap hit presents a serious opportunity for a team to get surplus value from him, especially as the upper limit rises.

There’s an argument to be made that, combining his talent and contract status, Thomas is one of the more valuable players to have been shopped on the in-season trade market in some time, so it’s understandable that the Blues would want to fetch a high price for the player. Value is all about leverage, after all, and the fact that the Blues can simply retain Thomas for the next half-decade gives them considerable leverage in comparison to a team shopping a rental player. But in any case, the Flyers have to move forward with the path they feel is best for them – and if they deem the Blues’ asking price too high, that is their right. Their search for a first-line center may yet continue in the 2026 draft, or perhaps within the continued development of recent first-rounders Jett Luchanko and Jack Nesbitt.

Other notes from around the hockey world:

• Insider Frank Seravalli reported this morning that the Blue Jackets continue to receive trade inquiries centered around pending UFA forwards Charlie Coyle and Mason Marchment, though to this point, that trade interest has been turned away. Both players have been stellar since being traded to the Blue Jackets, with Marchment scoring 10 goals and 17 points in 18 games, and Coyle nabbing 16 goals and 46 points in 60 games. The Blue Jackets traded second and fourth-round picks for Marchment earlier this season, but could receive more than they invested given the player’s uptick in form since arriving in Ohio. They traded quality prospect Gavin Brindley alongside second and third-round picks for Coyle this past summer, but could receive similar, if not increased, value in return before the deadline. The issue with trading either player would be that it would signal a retreat on their playoff chase for the rest of the season. Columbus sits three points behind the Boston Bruins for the final playoff spot in the Eastern Conference, and has gone 13-2-1 since hiring Rick Bowness as their head coach.
• Top 2026 NHL Draft prospect Ethan Belchetz will miss the rest of the season after suffering a broken left clavicle, per an announcement from his team, the Windsor Spitfires of the OHL. Belchetz was the No. 1 overall pick of the 2024 OHL Priority Selection, and will finish his season with 34 goals and 59 points in 57 games. The 17-year-old stands 6’5″, 226 pounds, and projects as the kind of power forward who blends physicality and scoring ability that NHL teams covet. He has been ranked around the back-end of the top-10 in this year’s class, but it remains to be seen how his draft stock might change despite playing his final game before the draft.