Five Key Stories: 1/19/26 – 1/25/26
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.
West Notes: Landeskog, Mukhamadullin, Kurashev, Skinner
Already missing Leo Carlsson and Jonas Brodin, Sweden’s Olympic team could be missing another key piece with Gabriel Landeskog’s availability also in question. Avalanche head coach Jared Bednar told reporters including Pierre LeBrun of TSN and The Athletic (Twitter link) that the veteran is getting better as he works his way back from an upper-body injury that has held him out for the last three weeks. He added that Landeskog is targeting a return in time for the Olympics but that it’s going to be tight in terms of reaching that timeline. In his first regular season action since the 2021-22 campaign, Landeskog has done alright, picking up seven goals and 15 assists in 41 games while averaging 15:51 per night of playing time.
Elsewhere out West:
- Sharks defenseman Shakir Mukhamadullin has been listed as day-to-day with an upper-body injury for the past three weeks. But the countdown could be coming to an end as Curtis Pashelka of The Mercury News relays (Twitter link) that the blueliner could be available to return on Tuesday against Vancouver. The 24-year-old has had a fairly quiet season, only playing in 23 games between injuries and healthy scratches. In those outings, Mukhamadullin has six points and 27 blocked shots while averaging 16:26 per game, the lowest ATOI of his young career. He joins Kiefer Sherwood as players hoping to be available for Tuesday’s contest.
- Meanwhile, Sharks winger Philipp Kurashev is expected to return by the end of the Sharks’ road trip which coincides with the beginning of the Olympic break, mentions Sheng Peng of San Jose Hockey Now (Twitter link). He has missed the last six weeks with an upper-body injury of his own. Before that, Kurashev was in the middle of a bounce-back season as a capable secondary scorer for San Jose, notching six goals and nine assists in 31 games before the injury.
- With Mukhamadullin, Sherwood, and Kurashev due back soon and only one open roster spot, a crunch is coming for the Sharks. Veteran Jeff Skinner has played sparingly as of late and could be in jeopardy of losing his roster spot when those players return. To that end, Pashelka notes (Twitter link) that while Skinner is aware of the roster situation, he hasn’t requested a trade at this point. The 33-year-old is on a one-year, $3MM contract but has just 13 points in 32 games this season and is averaging a career-low 12:21 per game.
PHR Mailbag: Sabres, Ott, Panarin, Penguins, Lightning, CBA, IIHF
Topics in this edition of the PHR Mailbag include Artemi Panarin’s future which now won’t be with the Rangers, theorizing a possible Nikita Kucherov extension, and much more. We had enough questions from our latest callout for two more columns so if your question doesn’t appear here, watch for it in one of those.
12Kelly: I really think the Sabres should re-sign Tuch and continue to build this team around the core of Tuch, Thompson, Dahlin, etc. The talent is in place to be able to deal from our young players such as Ostlund, Rosen, and maybe even Power to acquire a solid secondary scorer. Thoughts?
I imagine most Buffalo fans want to see Alex Tuch re-signed to a long-term deal. At a time when the team is trying to make the playoffs and emerge from a rebuild that has had several iterations already, losing a top-line winger is going to make that process much more difficult. Yes, it’s going to cost a lot of money (he’s not going to be on a value contract anymore) and with the long-term extension given to Josh Doan this week, it’s not going to leave a lot for pending RFA Zach Benson, among their others who need new deals. But this is a case of sign him and figure it out later.
While I agree philosophically that your other suggestion of moving youth for win-now help makes sense in the long haul, I’m not sure now is the right time for that. Right now, the Sabres are doing so well that it’d be hard to mess with team chemistry. And given how largely inexperienced they are, I’d want to see how their current core fares with the prospect of meaningful games down the stretch and possibly the playoffs. I’d then use those evaluations to help determine how best to proceed over the summer. By then, they’ll know what’s happening with Tuch and whether they’re needing to replace him. Meanwhile, if they do re-sign him, they may be hard-pressed to afford another top-six piece for next season.
I want to highlight Owen Power specifically for a moment. Yes, he’s overpaid for the role he has right now but Bowen Byram is eligible for unrestricted free agency in less than a year and a half. If you trade Power for a scorer and then Byram goes elsewhere in 2027, now the back end is in trouble. If they can extend Byram, then Power looks like more of a viable trade chip. Needing to wait to do an extension (that can’t happen until this July) should take Power off the table for the time being.
vincent k. mcmahon: What are your thoughts on Steve Ott being named the HC of the Thunderbirds for the rest of the season?
Also, do you think this is a potential tryout for Ott to be the next HC if the Blues move on from Jim Montgomery? (which I don’t foresee happening but it’s not completely off the table).
I’m a little surprised it took this long for Ott to get that spot. I thought he’d have landed it a couple of years ago when Steve Konowalchuk took over behind their bench. By all accounts, Ott has done a very solid job behind the bench in St. Louis since ending his playing career to the point where he has been brought up as a speculative head coaching candidate off and on the last two offseasons. This is the next logical step in his coaching career.
If things go well (it’s always a little tough with more veteran-laden teams where the floor is high but the ceiling often low) and things turn around down the stretch, Ott might get serious head coaching consideration this summer. Realistically, it might take another year or two. By then, we’ll know if the Blues are partway through a rebuild or if they’re still trying to win with a veteran core in which case a rookie head coach might not make the most sense for them.
That said, knowing that the shelf life of an NHL head coach is often only a few years, there’s a possibility that the window lines up for Ott and the Blues. But I wouldn’t be shocked if he’s already behind another NHL bench by the time St. Louis ponders its next coaching change down the road.
LA All Day: I’m curious as to where the Artemi Panarin sweepstakes are at, and if the Kings are considered a frontrunner or possible landing spot here. Does Holland’s aggressive nature end up landing the Kings their much-needed scorer, or will another team end up out-bidding LA once again?
Tucsontoro1: Should the Hawks make a serious run at Panarin?
At this point, it’s too early in the process to call anyone a frontrunner for Panarin. By all accounts, his goal was to re-sign with the Rangers. He just wasn’t willing to take a big discount to do so but I believe his and his agent’s expectation was that eventually, something would get done. While he didn’t say much in the aftermath of the letter that GM Chris Drury released a little more than a week ago, I think the confusion he spoke about was genuine. To go from that to having a shortlist of teams to go to in a week seems a little too quick for me.
I don’t expect Panarin to give the Rangers a big list of teams he’d be willing to go to. And with full trade protection, he controls the show. I could see the list only being two or three teams deep. Whoever those are will be the ultimate frontrunners. It might take until after the Olympics for that list to be presented.
As for the Kings specifically, they need offense and Panarin brings a lot of it so from that standpoint, there’s a fit. I’m not sure he necessarily fits in with the way they play but talent is talent and they need more firepower. Sometimes, it’s best not to overthink it. They’re also a big-market team and that mattered to Panarin in free agency. Having said that, given their inability to get past the first round in recent years and that they continue to spin their wheels, so to speak, I’d be surprised if Los Angeles is on that shortlist. If they are, however, they have the cap space and some younger assets that might appeal to the Rangers so they could make a real push for him. I expect GM Ken Holland would go big on an offer, especially if it comes with a contract extension.
Chicago is an interesting idea. Is he too old to fit in with their young core? Probably. But at the same time, they need a legitimate influx of firepower and for all the cap space and young assets they have, they haven’t been able to get a true top liner. They’ve done alright with some in-between fillers (Tyler Bertuzzi, for example) but Panarin’s at another level. But for the fit to be viable, there would have to be a contract extension as part of the swap. Trading for Panarin as a rental isn’t a great idea for a team whose playoff aspirations aren’t the greatest. But if Panarin is willing to return to the Blackhawks for the longer term, putting him as Connor Bedard’s winger (or anchoring a second line) would certainly help get them to the next phase in their rebuild, one that sees them legitimately battling for a playoff spot.
rayk: The NYR now have only $2.26 mill in cap space. Even at the deadline, how can they find teams Panarin okays (has NMC) that can afford him at his big salary, even with some salary retention? Most of the contenders have little cap space also, and will need the max retained.
For the Rangers, that cap space number is with Panarin on the books in full at $11.643MM. Even if they retain the maximum of 50% of that, they’re still freeing up over $5.8MM (in full-season space) so they’re more than fine in that regard. Now, it does limit them a bit in that they can’t take much more back in offsetting salary than what they’re freeing up but it will be more than workable for them to find a suitable trade for him.
A roughly $5.82MM price tag (with max retention) is a lot for some contenders to afford today. But six weeks from now at the trade deadline, it’s a lot easier. A team with around $2.5MM in space today has over $5MM at the deadline, assuming no other roster moves are made between now and then.
Looking at some playoff teams (or close enough teams) that have around $5MM in room at the deadline (per PuckPedia), I see Colorado, Anaheim, Boston, Buffalo, Minnesota, Utah, Carolina, Los Angeles, and Pittsburgh above that threshold. Several others are already there that aren’t playoff threats at the moment but things could change between now and then. Are all of them going to want Panarin? Or, more specifically, how many of those will he want? I wouldn’t be too worried about the cap element, it will be workable enough for New York to get a good return.
Specialist412: Do you think the Pens will be buyers or sellers? Dubas is real quiet right now, I wonder if he has something big up his sleeve.
Kyle Dubas has never been shy about taking swings but I think deep down, he knows this core is not good enough to be a long-term contender. So I don’t see him being a big buyer, at a minimum. If they’re still in the mix six weeks from now, they have extra picks in the second and third rounds for each of the next three years. Flipping one or two of those for short-term help would make sense and could be justified within the context of not significantly affecting their long-term core or depleting their prospect pool. I doubt they’d do more than that, though.
I think his preference would be to capitalize on a seller’s market if they’re out of the race. The parity plays into the favor of whoever decides to sell given that there will be more buyers than sellers so there should be good returns out there, especially for someone like Rickard Rakell who it feels like has been in trade speculation for years now. But the fact they’re in the race will cause them to push pause for the time being and assess things coming out of the Olympic break.
Central Notes: Stanley, Lyubushkin, Johannesson
Logan Stanley’s first several years with Winnipeg were full of starts and stops with injuries and healthy scratches along the way. But this season has been a breakout one for the 27-year-old who has already set career highs in goals (eight) and points (17) while averaging 16:34 per night, also a personal best. The timing is ideal, too, as he’s slated to test the open market this summer. To that end, David Pagnotta of The Fourth Period noted on a recent DFO Rundown (video link) that the Jets have held discussions with Stanley’s camp about an extension. However, it’s believed his current asking price is one that the team isn’t willing to meet. With Winnipeg falling out of the playoff race, Stanley could find himself in trade talks before too long if the sides aren’t able to bridge the gap in the coming weeks.
More from the Central:
- Stars defenseman Ilya Lyubushkin is expected to travel with the team for their upcoming road trip but is listed as doubtful for Tuesday’s game in St. Louis, relays D Magazine’s Robert Tiffin (Twitter link). He exited Friday’s contest early due to a lower-body injury. Lyubushkin has seven points, 67 blocks, and 54 hits in 39 games so far this season while averaging 16:10 per night in a third-pairing role. Dallas doesn’t have an open roster spot so if they want to bring someone up in the meantime, either Lyubushkin would have to go on IR or someone else would need to be sent down first.
- Blues prospect Samuel Johannesson is expected to sign with SHL Frolunda next season, according to a report from Expressen’s Mattias Persson and Johan Svensson. The 25-year-old blueliner is in his second season in North America and has played exclusively with AHL Springfield so far. After putting up 32 points in 66 games in his rookie campaign last season, Johannesson’s numbers are down this season with two goals and nine assists through 26 contests. Persson and Svensson add that several NLA teams had also shown interest in Johannesson but instead, he opted to return home. An official signing announcement won’t come until after the season.
Panthers Activate Brad Marchand Off IR
What started as a day-to-day injury turned into a considerably longer absence for Panthers winger Brad Marchand. However, it appears the counter will stop at two-and-a-half weeks as the team has activated him off injured reserve, according to the NHL’s Media Site.
The 37-year-old suffered an undisclosed injury early this month against Toronto. Initially deemed to be held out for precautionary reasons, Marchand wound up missing seven games due to the injury, taking one of Florida’s top offensive performers out of the lineup. Head coach Paul Maurice had phrased the injury as something that Marchand had been dealing with for a while and the hope was that some time off would stop it from becoming worse.
After playing a bit more of a limited role following his acquisition from Boston last season, injuries put Marchand into a top-line spot this year. He certainly has made the most of it, picking up 23 goals and 23 assists in just 41 games; he’s only one point behind Sam Reinhart for the team lead despite playing in eight fewer contests.
With his return and the recent return by winger Matthew Tkachuk, Florida’s offense is about the healthiest it has been all season long. They’re still without Aleksander Barkov and depth players Tomas Nosek and Jonah Gadjovich but they now have all of their available top-six pieces healthy. They’ll need them if they want to make up the five points needed to get themselves into at least a Wild Card position to try to defend their back-to-back Stanley Cup titles.
The Panthers opened up a roster spot earlier this week when they sent center Jack Studnicka down after clearing waivers. With no recalls since then, they still had the open slot to activate Marchand without any other moves being needed.
Canucks Recall Nikita Tolopilo, Assign Jiri Patera To AHL
In Thatcher Demko’s absence, the Canucks appear intent on not having just one player serving as Kevin Lankinen’s backup. Instead, their goalie swapping continues as the team announced (Twitter link) that Nikita Tolopilo has been recalled from AHL Abbotsford while Jiri Patera has been sent back to Abbotsford.
Tolopilo struggled mightily during his latest recall earlier this month as he allowed six goals to both Montreal and Edmonton. That brought his NHL totals this season to a 3.98 GAA and a .881 SV% in six outings. He fared a little better in the minors after being sent down last weekend, allowing five goals on 54 shots in two starts since last weekend’s demotion. Over the year with them, Tolopilo has a 2.94 GAA and a .901 SV% in 13 games.
As for Patera, he didn’t see any NHL action over the past week while up with Vancouver and he has made just one appearance with them this season, allowing seven goals in a loss to Florida. The 26-year-old has been Abbotsford’s top performer in goal, posting a 2.49 GAA with a .915 SV% in 16 outings with them and will now get some game action in after last playing on January 16th.
With no proven player capable of stepping into that interim number two role, it wouldn’t be overly surprising if these two netminders get flipped once again before the Olympic break next month.
Sabres Acquire Gavin Bayreuther From Hurricanes
The Sabres and Hurricanes have made a small swap of AHL depth. Buffalo announced that it has acquired defenseman Gavin Bayreuther from Carolina in exchange for winger Viktor Neuchev. Bayreuther has subsequently been assigned to AHL Rochester while Neuchev will be sent to AHL Chicago.
Bayreuther returned to North America this season after playing for Lausanne in Switzerland in 2024-25. The 31-year-old inked a one-year, two-way deal with the Hurricanes that carried a guaranteed salary of $150K. He received a pair of recalls to Carolina, one in November and one in December, but hasn’t seen any NHL playing time this season. Instead, he has suited up in 33 games with the Wolves, notching four goals and nine assists.
Bayreuther does have a reasonable amount of NHL experience in his career, however. He has suited up in 122 games at the top level over parts of four seasons with the bulk of that playing time coming over three years with Columbus. In those appearances, Bayreuther has five goals and 23 assists along with 139 blocked shots while averaging a little more than 15 minutes per game of playing time. He’ll serve as some veteran recallable depth with both Conor Timmins and Jacob Bryson dealing with injuries. He will be eligible for unrestricted free agency once again this summer.
As for Neuchev, the 22-year-old was a third-round pick by Buffalo back in 2022, going 74th overall, following a strong offensive showing in the MHL where he finished eighth in league scoring with Avto Yekaterinburg, tallying 67 points in 61 games. He was promoted to Yekaterinburg’s KHL squad the following season and while he only collected a dozen points in 57 outings, it was still enough for Buffalo to sign him to an entry-level deal, one that he is in the final season of.
In 57 games in 2023-24 (his first season in North America), Neuchev had 11 goals and 17 assists. Injuries limited him to just 39 games last season although he was reasonably productive with seven goals and 15 helpers in those outings. This season, his output is down a bit as he has six goals and ten assists through 34 contests and will now look to make an impression in Carolina’s prospect pool. He will be a restricted free agent this summer with the Hurricanes needing to issue a two-way qualifying offer to retain his rights.
Atlantic Notes: Edvinsson, Senators, Nylander, Joshua
Red Wings defenseman Simon Edvinsson will miss his second straight game tonight against Winnipeg due to a lower-body injury and it appears he’ll be out longer than that as well. Team reporter Jonathan Mills relays (Twitter link) that the blueliner will be reevaluated when the team returns home from their current road trip with a decision to be made on which path he will be taking at that time. That type of decision typically implies that a longer absence is potentially on the table. That would be a big blow to Detroit’s defensive group as the 22-year-old has been a big part of their success this season. Through 48 games, Edvinsson has 17 points and 104 blocks while averaging a career-high 22:35 per game.
Elsewhere in the Atlantic:
- Senators goaltender Linus Ullmark will return to the lineup soon, possibly as early as Sunday, relays Postmedia’s Bruce Garrioch (Twitter link). He stepped away for a leave of absence for mental health reasons just after the holiday break and Ottawa’s goaltending has struggled mightily since then, with backup Leevi Merilainen recently being sent back to the minors for a reset. Meanwhile, Garrioch also notes that assistant coach Mike Yeo has taken over the penalty kill from Nolan Baumgartner. Ottawa’s shorthanded play this season has been an issue as the Sens rank 31st in the league with a success rate of just 71.7%.
- Maple Leafs winger William Nylander skated today as he continues to work his way back from a lingering groin issue, mentions David Alter of The Hockey News. He missed six games earlier this season with the same issue and was reinjured in his fourth game back. There remains no timetable for his return with the team likely to be extra cautious but the fact he’s back on the ice is an important first step toward returning.
- In the same piece, Alter also noted that forward Dakota Joshua skated for the first time since suffering a lacerated kidney that has kept him out for the last 13 games and counting. However, head coach Craig Berube was quick to indicate that the 29-year-old is still a long way away from returning to the lineup. Joshua is in his first season with Toronto and had been fairly quiet prior to the injury, picking up 10 points and 127 hits in 36 games.
Nicolas Hague Out Week-To-Week
It hasn’t been a great first season with the Predators for defenseman Nicolas Hague. Nashville’s key trade acquisition missed the first few weeks of the season with an upper-body injury and now it appears he’ll be out for a while once again. The team announced (Twitter link) that Hague is listed as week-to-week with a lower-body injury.
The Preds surprisingly traded for the 27-year-old, sending a pair of useful veterans in Jeremy Lauzon and Colton Sissons (with 50% retention of his contract) to Vegas to acquire him. More surprisingly, they then handed him a four-year, $22MM deal despite the fact Hague spent a lot of his time with Vegas on the third pairing. Clearly, the contract indicated a belief that the Predators felt that he was capable of playing a bigger role.
Not surprisingly, Hague is indeed playing more than he has before with his 19:20 ATOI being the highest of his seven-year NHL career. It hasn’t resulted in a big uptick in production, however, as he’s sitting at two goals and nine assists in 41 games, output that’s right in line with his career production. Hague is averaging two minutes per game on Nashville’s penalty kill and his absence will be felt in that regard.
It’s not all bad news for Nashville, however. On the one hand, a week-to-week designation isn’t ideal but we’re less than two weeks away from the Olympic break and a three-week shutdown. Accordingly, it’s possible that he misses a little more than a month of action but is only sidelined for seven games overall.
Meanwhile, Hague was replaced in today’s lineup by blueliner Adam Wilsby who returned from a lower-body injury himself, one that kept him out of the lineup for a week and a half. The 25-year-old has a goal and six assists in 35 games so far this season while averaging just under 17 minutes per night of playing time.
Avalanche Recall Isak Posch, Move Scott Wedgewood To Non-Roster Status
The Avalanche have made a pair of roster moves as they get set to embark on a road trip beginning Sunday in Toronto. The team announced (Twitter link) that they’ve recalled goaltender Isak Posch from AHL Colorado. To make room on the roster, netminder Scott Wedgewood has been designated to non-roster status.
Posch is in his first full professional season after signing an entry-level deal with the Avs last March following two seasons at St. Cloud State University. His first taste of the pros has been successful as the 23-year-old has a 2.45 GAA along with a .902 SV% in 20 games with the Eagles and he’ll now be rewarded with a few days of NHL pay for his efforts. He’ll serve as Mackenzie Blackwood’s backup until Wedgewood is able to return.
As for Wedgewood, this is expected to be a short-term absence. His wife just gave birth and the team is granting him a bit of extra time with his family. He’s expected to rejoin the Avalanche on their road trip. It has been a breakout year for the 33-year-old who has a 2.14 GAA with a .918 SV% in 30 starts this season, earning himself a two-year, $5MM extension for his efforts.