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The Importance Of October 6th On The NHL Calendar

October 4, 2025 at 10:35 am CDT | by Brian La Rose 1 Comment

Generally speaking, October 6th is not a particularly important day in the NHL.  It’s either a day late in the preseason or early in the regular season, depending on when the campaign gets underway.

However, that’s not the case this year.  First, that is the day that season-opening cap-compliant rosters need to be submitted to the NHL as it’s the day before the regular season starts.  Accordingly, any players who have to clear waivers and be sent down before those rosters are due will have to be on waivers no later than Sunday, allowing for them to clear (or be claimed elsewhere) at 1 PM CT on Monday.  Accordingly, expect the waiver wire to be even busier than it has been in recent weeks in advance of a busy Monday afternoon for teams to get their opening rosters submitted.

Meanwhile, there is a second deadline on October 6th this season.  It also represents the deadline for players to sign contracts that contain salary deferrals.  A practice used a little more frequently in recent years (Toronto and Carolina have more than one player with this) in order to lower the cap charge, it was removed in the CBA extension that comes into effect next September.  However, parts of the new Memorandum of Understanding will be in play earlier, including this one.  With October 7th being the start of the regular season schedule, any deals with deferred salary have to be registered with the league no later than Monday.

With a few contracts of significance signed around the NHL in recent days (Kirill Kaprizov, Luke Hughes, and Jackson LaCombe, in particular), some fresh comparables have come in for teams and agents to work with.  That could push a few more deals across the finish line in the coming days with some players preferring not to have discussions extend into the regular season.

But if an agreement can’t still be reached, salary deferral is a mechanism that could allow the player to get a certain amount of total money in a contract while allowing the team to keep the cap charge at a particular number, allowing both sides to get what they want.  That is, assuming that the player is willing to wait until after the expiration of the contract to receive some of the money, something that isn’t overly popular.  But with the deadline to utilize this particular mechanism now just a few days away from being outlawed, it wouldn’t be surprising to see upcoming contract talks revisit this option to try to get a deal across the finish line.  If some prominent pending free agents are amenable, there could be an uptick in activity on the extension front by October 6th.

CBA

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Snapshots: Eichel, Janmark, Sweden, Sharks

October 3, 2025 at 9:00 pm CDT | by Brian La Rose 6 Comments

With Kirill Kaprizov off the board, Golden Knights center Jack Eichel is now arguably the top pending unrestricted free agent in the 2026 class.  In a recent appearance on Daily Faceoff’s The Sheet (video link), David Pagnotta of The Fourth Period reported that the hang-up in those conversations appears to be term more than money.  Financially speaking, he pointed to the $14MM AAV on Leon Draisaitl’s contract as one that stands as a reasonable comparable with Eichel’s price tag likely to come in somewhere near that mark on a max-term agreement.  But at this point, talks appear to be relatively slow with the two sides evidently not on the same page for how long they’d like this contract to be.

Elsewhere around the hockey world:

  • Oilers winger Mattias Janmark will miss around a week due to an undisclosed injury, relays Daniel Nugent-Bowman of The Athletic (Twitter link). Janmark had 18 points in 80 games last season while playing a regular role for them in the playoffs as well.  Notably, Edmonton’s cap situation is relatively tight and they’ll already be without Zach Hyman to start the season.  Now, while Janmark won’t miss much time, he’ll be out for the opener which could create a bit of an early cap crunch for them to navigate through.
  • Sweden’s hockey federation revealed today that future Blues GM Alex Steen has been named as a Player Personnel Consultant for their entry into next year’s Olympics. Steen will be taking over for Doug Armstrong as GM in St. Louis after this season.  Meanwhile, Blackhawks assistant coach Anders Sorensen will have that title for the Swedes in that tournament while Panthers assistant Myles Fee will serve as their video coach.
  • The Sharks announced (Twitter link) that they have recalled forward Shane Bowers, defenseman Braden Hache, and goalie Jakub Skarek from AHL San Jose. All three were cut earlier this week with Bowers and Skarek passing through waivers unclaimed.  They’ll likely be sent back to the Barracuda over the next day or two.

Chicago Blackhawks| Edmonton Oilers| Florida Panthers| Olympics| San Jose Sharks| Snapshots| St. Louis Blues| Vegas Golden Knights Alex Steen| Anders Sorensen| Braden Hache| Jack Eichel| Jakub Skarek| Mattias Janmark| Shane Bowers

6 comments

Atlantic Notes: Hutson, Jensen, Senators, Greer

October 3, 2025 at 6:43 pm CDT | by Brian La Rose 14 Comments

With new contracts handed out in recent days to Luke Hughes and Jackson LaCombe, some attention has shifted to Canadiens blueliner Lane Hutson.  While he still has one year left on his entry-level contract, the belief is that there is mutual interest in getting something done before the season begins.  In a recent appearance on Daily Faceoff’s The Sheet (video link), David Pagnotta of The Fourth Period suggested that the blueliner appears to be willing to leave a bit of money on the table, similar to what several of his teammates did in an effort to give themselves a chance to continue to add down the road.  However, that discount might be capped at a few hundred thousand per season on a long-term pact.  With both Hughes and LaCombe checking in at $9MM, it stands to reason that Hutson could very well land close to that number on his next deal as well, whether that comes now, in-season, or next summer.

Elsewhere in the Atlantic:

  • Senators defenseman Nick Jensen told reporters including Sportsnet’s Alex Adams (Twitter link) that he will suit up in Saturday’s preseason finale against Montreal. The 35-year-old underwent offseason hip surgery and at the time, it looked unlikely that he’d be back for the start of the regular season.  However, his recovery has been ahead of schedule and now he’ll get a chance to get a game in to see if he’ll be ready for opening night.  Jensen played a big role for Ottawa last season, averaging over 20 minutes a game while chipping in with 21 points in 71 outings, many of which were played through injury.
  • Still with the Senators, after recalling eight players back on Tuesday who had already been cut, the team announced (Twitter link) that all eight – Tyler Boucher, Hunter Shepard, Jorian Donovan, Oskar Pettersson, Xavier Bourgault, Tomas Hamara, Keean Washkurak, and Scott Harrington, have been sent back to AHL Belleville.
  • The league announced that the Department of Player Safety has fined Panthers winger A.J. Greer $2,213.54, the maximum allowable in the CBA, for a roughing incident on Tampa Bay’s Brandon Hagel. Thursday’s affair between the two sides was particularly chippy with the two teams combining for 186 penalty minutes, a dozen of which went to Greer on the play.

Florida Panthers| Montreal Canadiens| Ottawa Senators A.J. Greer| Hunter Shepard| Jorian Donovan| Keean Washkurak| Lane Hutson| Nick Jensen| Oskar Pettersson| Scott Harrington| Tomas Hamara| Tyler Boucher| Xavier Bourgault

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Jason Robertson To Wait On Contract Talks Until After The Season

September 30, 2025 at 3:00 pm CDT | by Brian La Rose 1 Comment

The future of Jason Robertson with the Stars has been a talking point going back to the summer when there was some speculation about whether they could afford him for the upcoming season.  However, a trade didn’t materialize.

Meanwhile, despite that, there has been some speculation about his long-term future with Dallas.  One year away from restricted free agency, Robertson is in line for a significant raise from his current $7.75MM AAV and with their salary structure, some have wondered if the Stars will be able to afford to keep him long-term while continuing to add to their core.

However, despite all that speculation, Robertson told Stars staff writer Mike Heika that he’s not concerned about it at this time:

It doesn’t really bother me. I think what is important is this year for us as a team. The window is open, we’re trying to win it this year, and then we’ll look at it.

The 26-year-old had his second straight 80-point season last year, despite missing all of training camp while recovering from foot surgery which led to a slow start.  He was also a bit quieter than expected in the playoffs after returning from injury although he still managed six points in 11 games.

Robertson has had either 79 or 80 points in three of the last four seasons, seemingly providing a reasonable baseline for talks.  However, he managed 109 points the other year.  It stands to reason that Robertson wants to see if a full training camp and a strong start could propel him closer to his best year which would certainly boost his stock heading into negotiations.

GM Jim Nill noted earlier this month that discussions were at a standstill.  It appears he’s not worried about Robertson’s decision to hold off on any further discussions until after the season either:

With Jason, I don’t blame him. He’s not a UFA, he’s an RFA. He wants to see what the market is. Jason wants to bounce back from last year. He missed all of training camp and that was a tough start for him. He can now come in clear-minded and say I’m going to have my best year. That’s what I’m looking forward to. We’re going to get the best version of Jason Robertson and we’re going to benefit from that.

Earlier this offseason, AFP Analytics projected that a max-term eight-year extension for Robertson would cost the Stars just over $11.5MM per season.  The new rules on maximum term are in effect until the new CBA extension officially starts on September 16, 2026 so a deal of that length will be doable when talks resume down the road.  Regardless of when it happens, Robertson will be getting a much bigger payday when the 2026-27 season gets underway but we now know that it won’t be coming anytime soon.

Dallas Stars Jason Robertson

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Waivers: 9/30/25

September 30, 2025 at 1:24 pm CDT | by Brian La Rose 1 Comment

The final day of September has once again brought a flurry of waiver activity.  After 22 players were placed on waivers on Monday, all of whom cleared, per Sportsnet’s Elliotte Friedman, another 22 players are on the wire today, per PuckPedia.  They are as follows:

Calgary Flames

F Clark Bishop
F Dryden Hunt
D Yan Kuznetsov
F Sam Morton

Carolina Hurricanes

D Gavin Bayreuther
F Noel Gunler
F Tyson Jost
F Josiah Slavin
F Ryan Suzuki

Edmonton Oilers

G Matt Tomkins

New York Islanders

G Marcus Hogberg
F Matthew Highmore 

New York Rangers

F Brendan Brisson
D Connor Mackey

Philadelphia Flyers

F Anthony Richard

San Jose Sharks

F Shane Bowers
F Jimmy Huntington
F Oskar Olausson
F Pavol Regenda
G Jakub Skarek

Winnipeg Jets

D Tyrel Bauer
D Isaak Phillips 

Some younger forwards stand out on today’s list.  Olausson, Brisson and Suzuki were late first-round selections back in 2021, 2020, and 2019, respectively, but haven’t been able to grab a foothold on a full-time NHL roster spot just yet.  Meanwhile, Gunler is only 23 and since he has spent a lot of his time since being drafted playing overseas, he’s still relatively inexperienced in North America with just 100 AHL games under his belt.

Among the blueliners, Phillips has seen NHL action in four straight seasons, all with Chicago, including a 33-game stint in 2023-24.  Mackey was recalled and sent down many times on paper moves last season and has gotten into at least one NHL appearance in five straight years.  Bayreuther is the most experienced of them all with 122 NHL outings but none since 2023-24.

With the belief that a few teams might be eyeing the goalie market, there are a trio of options available.  Hogberg is the most experienced of the three with 57 NHL outings, including 15 last season.  Skarek (two games in 2024-25) and Tomkins (six in 2023-24) joined new teams in free agency this summer and don’t appear likely to be claimed.

These players will be on waivers until 1:00 PM CT on Wednesday.

Calgary Flames| Carolina Hurricanes| Edmonton Oilers| New York Islanders| New York Rangers| Philadelphia Flyers| San Jose Sharks| Waivers| Winnipeg Jets Anthony Richard| Brendan Brisson| Clark Bishop| Connor Mackey| Dryden Hunt| Gavin Bayreuther| Isaak Phillips| Jakub Skarek| Jimmy Huntington| Josiah Slavin| Marcus Hogberg| Matt Tomkins| Matthew Highmore| Noel Gunler| Oskar Olausson| Pavol Regenda| Ryan Suzuki| Sam Morton| Shane Bowers| Tyrel Bauer| Tyson Jost| Yan Kuznetsov

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Snapshots: Vlasic, Ostlund, Sabourin, McCormick

September 30, 2025 at 12:42 pm CDT | by Brian La Rose Leave a Comment

Although he was cut in the leg in a collision on Sunday, it appears the Blackhawks got about the best-case scenario when it comes to defenseman Alex Vlasic.  Ben Pope of the Chicago Sun-Times notes that while the blueliner won’t play in Chicago’s remaining three preseason games, he’s on track to be ready for the start of the regular season next week.  The 24-year-old was a top-pairing player for the Blackhawks last season, notching a career-high 30 points while playing in every game and logging over 23 minutes per contest for the first time in his career.  They’ll be counting on him to play a similar role this season.

Elsewhere around the NHL:

  • Sabres center Noah Ostlund is listed as week-to-week with an undisclosed injury, relays Bill Hoppe of the Olean Times Herald. The 21-year-old made his NHL debut last season, getting into eight games with Buffalo while notching 19 goals and 17 assists in 45 games with AHL Rochester.  Ostlund will likely be ticketed for a return to the Americans upon being cleared to return.  If that doesn’t happen before the start of the regular season, the Sabres will carry a small pro-rated cap charge relative to the number of days that Ostlund was on Buffalo’s roster last season.
  • The Lightning announced that they have recalled winger Scott Sabourin from AHL Syracuse. Cut earlier this month, he’ll now get a chance to skate in another preseason game or two and stake his case for a possible in-season recall.  Signed to a one-year, two-way deal this summer, the 33-year-old had 25 points and 111 penalty minutes while playing with San Jose’s AHL affiliate last season and has 47 career NHL appearances under his belt.  Any time spent on the roster for the rest of the preseason won’t affect his waiver exemption which is 10 games or 30 days during the regular season.
  • Veteran center Max McCormick’s season is over before it even began. AHL Coachella Valley, affiliate of the Kraken, announced that the 33-year-old will undergo hip surgery and that he is expected to miss the entire 2025-26 season as a result.  McCormick was limited to just 19 games with the Firebirds last season where he had 13 points.  He’s in the final season of a two-year pact with Seattle and will be an unrestricted free agent next summer.

Buffalo Sabres| Chicago Blackhawks| Seattle Kraken| Snapshots| Tampa Bay Lightning Alex Vlasic| Max McCormick| Noah Ostlund| Scott Sabourin

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Five Key Stories: 9/22/25 – 9/28/25

September 28, 2025 at 9:00 pm CDT | by Brian La Rose Leave a Comment

October is almost upon us with the regular season fast approaching. As is often the case at this time of year, contracts dominate the discussion and this week was no exception with a trio of deals being highlighted in our key stories.

McTavish Signs: For a while, the Ducks and RFA center Mason McTavish were believed to be well apart in contract talks. However, the two sides had a breakthrough, agreeing to a six-year, $42MM contract. The 22-year-old is coming off his best season, one that saw him notch 22 goals and 30 assists in 76 games. With the signing, McTavish is now tied for the highest AAV among Anaheim forwards, joining Troy Terry and Mikael Granlund. The deal will keep McTavish, a key piece of Anaheim’s future plans, in the fold through his prime years but only buys two extra years of club control, allowing McTavish to hit the open market when he’s only 28.

Toronto Goalies: It was an eventful week for Maple Leafs netminders. Joseph Woll has taken an indefinite leave of absence to tend to a family matter, calling into question his availability to start the season. With that in mind, Toronto has brought in veteran James Reimer on a PTO deal; if signed, he could either start as the backup or serve as recallable depth in the minors. Lastly, Anthony Stolarz, the other half of last year’s goalie duo, will be sticking around for a while as he signed a four-year, $15MM extension which will begin next season. The 31-year-old had a career year last season, posting a 2.14 GAA and a .926 SV% in 32 games with the Maple Leafs with that appearance total also representing a career high. Toronto’s goalie tandem is now locked up at less than $7.5MM per season through 2027-28 (and is just under $6.2MM this season with Stolarz still on his current contract).

Barkov Out Long-Term: Already without top-line winger Matthew Tkachuk for the first few months of the season, the Panthers will be playing the 2025-26 campaign without their top center. Aleksander Barkov was injured in practice, suffering injuries to his ACL and MCL, requiring surgery which will keep him out for seven to nine months. The 30-year-old has averaged more than a point per game in six of the last seven seasons while being the two-time reigning Selke Trophy winner as the NHL’s best defensive forward. At a minimum, Barkov will miss the entire regular season while if his recovery period goes to the long end of that timeline, he might not be available at all in the playoffs either as they look to win their third straight Stanley Cup title.

Podkolzin Signs, Steps Away: It was a bit of a whirlwind 24 hours for Oilers winger Vasily Podkolzin. First, he signed a three-year, $8.85MM contract extension that runs through the 2028-29 season. Acquired after Dylan Holloway’s offer sheet wasn’t matched, Podkolzin had a strong first year in Edmonton, picking up 24 points in the regular season before adding 10 more in 22 playoff contests. However, that same day, his father passed away. As a result, Podkolzin has taken a leave of absence to return to his native Russia and there is no timeline for his return.

Three For Fowler: Cam Fowler made an immediate impact for St. Louis after they acquired him from Anaheim back in December. He’ll now have the chance to make a longer-term impact as the Blues have signed him to a three-year, $18.3MM contract extension, keeping him signed until July 2029 when he’ll be approaching his 38th birthday. Following the swap, Fowler picked up 36 points in 51 games while logging nearly 22 minutes a night on a back end that dealt with some injuries last season. He was even more impactful in the playoffs, leading the team in scoring with 10 points in seven games. Maintaining that type of production is unlikely but Fowler should be in a position to be a key contributor on their back end for a while now.

Photo courtesy of Walter Tychnowicz-Imagn Images.

NHL Week In Review

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West Notes: Cooley, Brisebois, Slaggert

September 28, 2025 at 7:53 pm CDT | by Brian La Rose 3 Comments

The Flames are one of a few teams that don’t have their goaltending tandem in place for the upcoming season.  While Dustin Wolf is entrenched as the starter, Devin Cooley and offseason signing Ivan Prosvetov are battling for the number two job.  One will get it and the other will likely be waived.  However, Sportsnet’s Eric Francis reports that several teams have expressed interest in Cooley while Prosvetov had other suitors this summer.  Accordingly, it would appear that there’s a decent chance that whoever doesn’t get the job could be grabbed off waivers.  Calgary could also elect to carry three goalies to start the season although with it being likely that they’ll have eight defensemen to start, that approach wouldn’t exactly be ideal.

More from out West:

  • Canucks defenseman Guillaume Brisebois is out indefinitely after undergoing surgery to fix a lower-body injury, relays Canucks Army’s Jeff Paterson (Twitter link). The 28-year-old was only in three games with Vancouver last season but was up with the club for a few weeks.  As a result, the Canucks will have a prorated cap charge of a little over $88K while he’s on season-opening IR, per PuckPedia.  The 28-year-old played in 48 games during the regular season with AHL Abbotsford in 2024-25, picking up five points.
  • Blackhawks winger Landon Slaggert has been dealing with an undisclosed injury in recent days but it appears he’s nearing a return. Ben Pope of the Chicago Sun-Times relays (Twitter link) that the 23-year-old is on track to return to practice on Tuesday and could get into a preseason game next weekend, putting him on track to be ready for the start of the season.  Slaggert split last year between Chicago and AHL Rockford, getting into 33 NHL appearances where he had six points while adding 25 points in 39 contests with the IceHogs.

Calgary Flames| Chicago Blackhawks| Vancouver Canucks Devin Cooley| Guillaume Brisebois| Landon Slaggert

3 comments

PHR Mailbag: Flyers, Toews, Unrestricted Free Agents, Contracts, Blackhawks, Dynasty Picks

September 28, 2025 at 6:44 pm CDT | by Brian La Rose 6 Comments

Topics in this edition of the PHR Mailbag include what type of impact Jonathan Toews might have this season, if shorter-term contracts could become more prevalent moving forward, and more.  If your question doesn’t appear here, check back in last weekend’s mailbag.

Emoney123: What’s the next move for Briere? Collect 2026 draft picks; is there anyone on the roster worth a first-round pick? Flyers hold two first-round picks in 2027 and the new arena is to open in 2030; will the team be winning by then?

They’re running out of veterans to sell, at least not without cutting into the perceived longer-term core group of this roster.  Christian Dvorak won’t fetch a first-round pick but with 50% retention, they can get something for him.  Considering the strong interest in Rasmus Ristolainen in the past, he’s someone I think could move this time and with teams always looking to add players like him, maybe they get a first-rounder if they’re willing to eat half the contract.  Maybe there’s a smaller depth move in there as well but that might be it for pick accumulation.

I think they might be sniffing around buying as well.  Not necessarily in the traditional sense of adding rentals and veterans but looking to buy low on a distressed asset, something along the lines of the Trevor Zegras move.  At some point, you have to emerge from the rebuild with some players capable of making an impact now.  That’s the next step for the Flyers so if there’s a chance to take a flyer on a player or two who might not be fitting in where they are, perhaps they can make a low-key move to get someone who might improve with a change of scenery.  Those are typically more offseason deals but if you’re like me and think there’s going to be a more pronounced race to the bottom of the standings, some of those types of deals could materialize in-season.

I would hope Philadelphia is back to being a playoff team by 2030.  They’re already a few years into this rebuild; if they’re still rebuilding five years from now, it’s probably not going to be Briere at the helm and something will have gone rather wrong.  While it happens periodically, rebuilds aren’t supposed to typically last a decade and at this point, I don’t think the Flyers are in a position to be doing one for quite that long.

Cla23: What type of impact will Toews have in Winnipeg?  Do you think it will be a one-and-done?

I like the Jets landing Jonathan Toews as he’ll add some much-needed depth down the middle.  But I’m not overly optimistic that he’s going to be overly impactful, at least offensively.  He was starting to slow down in terms of production over his final two years in Chicago and while some of that could have been affected by his lingering illness, he’s also now 37, not 33 or 34 as he was in those seasons.  One will likely offset the other.

But Toews has always been well above average at the faceoff dot and while he might be a bit rusty, he should still be on the happy side of 50%.  Winnipeg has finished below 50% as a team in that regard for three straight seasons.  He could be a faceoff specialist for them and late in the season and in the playoffs, that can be a big deal.  I also expect he’ll still be good defensively, though probably not at the level he was when he last played.  That long of a layoff will make a difference.

If Toews can get through this season healthy, my guess is that it wouldn’t be a one-and-done unless he really struggles.  If he can still help a contender, he’ll probably want to do so.  But if he’s in and out of the lineup and banged up or the struggles from the illness return, then the safe assumption is that he’ll hang up his skates, knowing he gave it an honest effort to come back.

frozenaquatic: Most UFAs are 29, and the good ones sign for seven or eight years, bringing them to their age-36 or 37 season, at which point, it’s exceedingly rare (Marchand notwithstanding) for a player to get much more than a one or two-year deal. There’s a lot of smoke these days about players signing NBA-style three or four-year deals on their UFA. Will that make any sense? It’ll be really interesting to see what happens with Panarin given that he’s had an unconventional career, having started so late, and he’s going to be a UFA at 34. Assuming he has a solid year this year, what do you think Panarin’s next deal looks like?

Part of the reason we see NBA players sign shorter-term deals is simply because those are the maximum term lengths of a deal in most cases.  Beyond a small group of players (either designated rookie extensions or veteran re-signings with Bird rights) eligible for five-year deals, four is the maximum so many players opt for that.  (There are also considerations for contracts of a specific length that get them to a specific amount of service time, increasing their maximum cap percentage but I don’t want to get too much into the nitty gritty.)  But that’s why NBA contracts are typically shorter.

Could NHL players follow suit?  Some might in the short term, thinking that another big jump could be coming to the cap.  But UFA-eligible players in your scenario (becoming eligible around 29) would then be setting themselves up to try to get a bigger deal in their age-33 year or so.  That could be tricky.

For most UFA-eligible players, I think the move is either short-term (two years) if you’re trying to set up for a bigger deal when there’s a bigger spending environment or aim for long-term and max out on what you can get now.  But if you’re still in the back end of your RFA eligibility, then a three-year deal or four-year pact becomes a bit more defensible.

With Panarin specifically, there are two options.  A max-term deal is unlikely at his age and even short-term doesn’t make a lot of sense as he’s at the age where a decline could come quickly.  I could see a four-year agreement around $11MM per season, basically close to an extension at where he is now.  Alternatively, if the signing team is a little more cap-strapped, they could tack on a couple of cheaper years which might get the AAV more around the $9MM to $9.5MM territory.  That would buy some short-term flexibility for the signing team but that could be a rough contract on the books over those last couple of years.  It’s a deep UFA market but Panarin still finds himself in good shape, assuming he’s once again the offensive leader for the Rangers.

kodion: Why are teams not more proactive with expiring “superstar” contracts when they get NOTHING in return if deals don’t get done and the guy bails in FA?

They will never get true, or even fair, value if they move them out with a year or less to go and fanbases will beat on management relentlessly, almost regardless of the return, but that would seem to be a better business practice than running the risk of a no-return departure.

I know it’s not as simple as that but what am I missing?

While this isn’t always the case, if you’re a team with a superstar player (or even a high-end one) that’s on an expiring contract, you probably have hopes of making a long playoff run.  As you noted, teams generally aren’t going to get top value for their services.  So, what’s better – salvaging some value for the longer term and hurting your chances of winning now or going for it now with a core group you think can win at the expense of the future?  Most of the time, teams feel the answer will be the latter.

If I’m a general manager, I have a hard time selling to my owner that we need to move a fan favorite top-end piece to get some pieces that should help us later.  That’s going to cost potential playoff revenue and anger a big chunk of the fan base and the dressing room.  That’s probably not going to help my cause for staying as GM, especially if I’m throwing in the towel on being able to sign the player.  That’s why you don’t see it happen too often.

Objectively speaking, you make a very valid point.  In the long run, teams would probably be better off moving out top expiring contracts for some value if they don’t re-sign quickly because, after all, only one team can win the Stanley Cup every year.  But the fear of ‘what if this was our year and I just sunk it by trading a star player’ will almost always put an end to it actually happening.

UncleMike1526: Hypothetical question. Say the Blackhawks show a marked improvement this year and some of the young talent starts to shine. With a boatload of draft picks in a deep 26 draft, name some FA’s or trade targets they could chase for 2026? I know big-time FA’s probably won’t go to a declining team just like last year but with some improvement who should they be chasing? Thanks.

For starters, I don’t see this happening.  I don’t think GM Kyle Davidson does either.  This year will be about getting some prospects some reps so that they can see how close (or far) they are from getting back into the thick of things.

I’ve said before when this question came up that they’re not in a spot to be too choosy.  They need a talent influx to help propel them into the postseason picture.  It could be a center, a winger, or a defenseman.  (I think they’re set in goal for now.)  I don’t think it necessarily matters what the combo is, just that there are upgrades coming.

Objectively, they probably need a couple of wingers and a top-six center up front and at least one top-four defenseman.  Here is the list of pending UFAs, per PuckPedia.  The center and defenseman could be tricky to get if the top guys re-sign or pass on Chicago but there are wingers out there.  I think Alex Tuch would be a perfect fit to play with Connor Bedard, Martin Necas would up their skill, and even someone like Mason Marchment could give them some extra grit in the middle six with some offensive upside.  How realistic those options are remains to be seen but those are some fits I like.

As for trade targets, the same idea applies.  Don’t be picky; if there’s an impact player who can be around for a few years, try to get him.  It’s way too early to start hypothesizing 2026 offseason trades but if there’s a talent upgrade available, Davidson should be looking.  And that applies even if this hypothetical scenario isn’t in place.  Win or lose, next summer is when they should be starting to build back up talent-wise.

Duke II: You’re drafting a Dynasty Team and are looking for future scoring studs; you get three of these forwards + two defensemen. GO!

Lysell, Nikishin, Savoie, Perreault, Snuggerud, Lekkerimaki, Turcotte, Howard, Parekh, Ritchie, Brunicke, and Levshunov.

Forwards: I’ll start with Jimmy Snuggerud.  A strong producer in college, he looks to be well on his way to being a top-six NHL piece, probably relatively quickly even; it wouldn’t shock me if he’s a top-six regular by the end of the season.  I think Gabriel Perreault will get there as well, but not quite as fast.  For the third player, Calum Ritchie might be the safest pick but if you’re swinging for offense, I’d go with Isaac Howard.  If he can work his way into a top-six spot over time he has a chance of playing with Connor McDavid (assuming he re-signs) or Leon Draisaitl.  That would be a nice way to pick up some points.

Defense: Zayne Parekh has a chance to be one of the more impactful offensive defensemen in the NHL if everything goes according to plan.  Granted, his defensive game is part of why he slipped in the draft but if you have the floor of an offensive-minded player who could rack up power play points, that’s generally a good player to have in a pool.  Alexander Nikishin might have to bide his time a little bit in Carolina this season but long-term, there’s a clear path for him to become their go-to player offensively on the back end.  They’re generally a solid team offensively so he has a chance to put up some points with them.

Photo courtesy of Wendell Cruz-Imagn Images.

NHL PHR Mailbag| Pro Hockey Rumors Originals

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Salary Cap Deep Dive: Winnipeg Jets

September 27, 2025 at 4:00 pm CDT | by Brian La Rose Leave a Comment

Navigating the salary cap is one of the most important tasks for a front office.  Teams that can avoid total cap chaos by walking the tightrope of inking players to deals that match their value (or compensate for future value without breaking the bank) remain successful.  Those who don’t often see struggles and front office changes.

PHR will look at every NHL team and give a thorough look at their cap situation for the 2025-26 season.  This will focus more on players who are regulars on the roster versus those who may find themselves shuttling between the AHL and NHL.  All cap figures are courtesy of PuckPedia.  We’re currently covering the Central Division, last up are the Jets.

Winnipeg Jets

Current Cap Hit: $91,536,190 (below the $95.5MM Upper Limit)

Entry-Level Contracts

None that are projected to be full-time regulars.

Signed Through 2025-26, Non-Entry-Level

G Eric Comrie ($825K, UFA)
F Kyle Connor ($7.143MM, UFA)
F David Gustafsson ($835K, RFA)
D Ville Heinola ($800K, RFA)
F Cole Koepke ($1MM, UFA)
F Adam Lowry ($3.25MM, UFA)
D Colin Miller ($1.5MM, UFA)
F Gustav Nyquist ($3.25MM, UFA)
F Tanner Pearson ($1MM, UFA)
F Cole Perfetti ($3.25MM, RFA)
D Luke Schenn ($2.75MM, UFA)
D Logan Stanley ($1.25MM, UFA)
F Jonathan Toews ($2MM, UFA)

Potential Bonuses
Toews: $5MM

Connor’s pending free agency isn’t generating as much attention as it normally would, it’s just that there are some other big-name players also entering the final year of their respective deals as well.  But Connor is in that high-end tier as well.  In his eight full seasons as an NHLer, only seven players league-wide have scored more goals.  He has two years with more than 90 points over the last four campaigns.  He’s an above-average top-line winger, simple as that.  He has been on a team-friendly deal for a while now and will be for this season but that will change soon.  A long-term pact is likely going to add another $4MM or more per year to his current cost and it’s a price that many teams, not just the Jets, will likely be willing to pay.

Of the trio of players at the $3.25MM mark, one is on the way up, that being Perfetti after his first 50-point season.  Many think he still has another gear to get to and he’ll get a chance to play a bigger role following the departure of Nikolaj Ehlers.  He’s arbitration-eligible for the first time next summer with a $3.5MM qualifying offer.  Assuming that Winnipeg will want to sign him to a long-term deal, it will likely take more than double that amount to get something done.

Lowry has ranged between 34 and 36 points over the last three seasons while bringing a strong defensive game and physicality to the table.  In a perfect world, he’s a solid number three center although his usage was a bit more than that at times last season.  Given that he’ll be 33 when his next deal starts, he may not be able to command too much more on his next deal but pushing past the $4MM mark should be doable.  Nyquist had a career-best 75 points in 2023-24 but tapered off last season, managing just 28, leading to this deal in July.  At 36, he should be going year-to-year from here on out.  A bounce-back could push him past the $4MM mark, especially on a re-signing where Winnipeg often has to pay a bit of a higher rate.

Toews was able to benefit from an early free agency, so to speak.  After not playing in the past two seasons while recovering from illness, he was free to work out a deal before July 1st, making him the focal point of the market for a couple of weeks.  His structure gives Winnipeg a bit of insurance as most of his bonuses are based on games played with some for some playoff success, also dependent on playoff games played.  So, if he struggles and can’t last the full season, they’re not out the full weight of the contract but if he returns and makes an impact, he’ll be one of their higher-paid forwards.  Given his age (37) and recent history, he’s probably going to go year-to-year if he keeps playing beyond this season.

Pearson had to earn a deal of a PTO last season with Vegas and did just that before being a solid depth contributor for the Golden Knights.  At this stage of his career, he’s a depth player who will be going year-to-year but he’ll add some length to a lineup that hasn’t always been the deepest.  Koepke also adds some depth after being a regular on Boston’s fourth line.  With a limited track record at this point (73 of his 99 games came last season), there’s some room for his price tag to jump up still if he can hold down a similar role this year.  Gustafsson has had a limited role in recent years and assuming that remains the case, he’s likely to stay near the minimum salary moving forward.

Schenn was brought in near the trade deadline last season to give the back end a bit more snarl and depth.  He largely played on the third pairing and killed penalties, the role he has had for most of his career.  Given that he’ll be 36 soon, he’s someone who might be on one-year deals moving forward, allowing for a bonus structure that could get the total potential value of the contract close to what it is now.  Miller’s first full year with the Jets was serviceable but his minutes remained rather low for a blueliner.  Even with some offensive skill, if he can’t log 15 minutes a night, he’ll probably be hard-pressed to match this deal next summer.

Stanley has been in the same spot for several years now, a sixth or seventh option on the depth chart who doesn’t play a lot when he’s in the lineup.  Still, given his size (six-foot-seven), there will probably be teams who think they can get him going in a different environment.  Accordingly, he could wind up near the $2MM mark next summer.  Heinola, on the other hand, has seen his stock drop in recent years to the point where he could be a waiver candidate.  He needs to play in 27 games to retain his RFA status, otherwise, he’d be a Group Six UFA.  Unless he can establish himself as an NHL regular, he’s likely to be at or near the minimum moving forward.

Comrie hasn’t had a lot of NHL success outside of Winnipeg but his two best seasons have come with the Jets over two separate stints.  Based on his numbers with this team, a jump past $2.5MM would make sense.  But with his spotty track record elsewhere, he might only be able to land more in the $1.5MM range.

Signed Through 2026-27

F Morgan Barron ($1.85MM, UFA)
D Haydn Fleury ($950K, UFA)
F Vladislav Namestnikov ($3MM, UFA)
F Nino Niederreiter ($4MM, UFA)

Niederreiter isn’t the 50-point player he was a while back but he is still a relatively consistent secondary scorer.  His type of role is a tough one to thread, however, as it’s the middle class that might get squeezed with more money heading toward top talent.  If he stays around 15 goals and around 40 points per season, he should be able to get another contract like this.  However, if the production drops off over the next couple of years, he’ll be 35 and in a spot where overall interest could be limited.

Namestnikov has settled in well with Winnipeg, filling a bit of a ‘Swiss Army’ role where he’s moved around a lot.  The same concern with Niederreiter applies here to a point as well although Namestnikov’s ability to play center helps his cause.  His free agency has been a bit perplexing in the past in terms of the type of interest he gets but it wouldn’t be shocking to see him land another two-year deal around this price point.  Barron has been a regular on the fourth line for several years now and signed this deal this summer to walk him right to UFA eligibility.  He will need to find a way to land a spot higher in the lineup if he wants to beat this by a significant amount in 2027.

Fleury played a limited role in his first season in Winnipeg and this contract reflects the expectation that he’ll remain a depth defender for the next couple of years.  That has been his role for several years now so there’s no reason to think his future deals are going to remain at or near the minimum salary moving forward.

Read more

Signed Through 2027-28

D Dylan DeMelo ($4.9MM, UFA)
F Alex Iafallo ($3.667MM, UFA)
D Josh Morrissey ($6.25MM, UFA)
D Dylan Samberg ($5.75MM, UFA)

Iafallo opted to take a small pay cut to take an early extension back in April.  He has largely been in the same range offensively as Niederreiter and Namestnikov in recent years so he opted for the security over risking a weaker than expected open market process.  Given his usage since joining the Jets, he’s likely to stay around this price point moving forward.

When Morrissey started this contract, it looked risky.  His career-high in points at the time was only 31 so they were clearly forecasting that he had another level to get to in that regard.  And they were very much right about that.  Morrissey has gone from being a player with some hopes of taking another step forward to a legitimate all-around number one blueliner.  The top end of the market is $5MM past this price point while most teams have at least one defender making more than this; several have multiple rearguards making more.  Morrissey will be 33 when this contract expires which will hurt his market to a point but even so, he should still push past $10MM per season on a long-term pact.

Samberg took a big step in his development last season, going from a third-pairing piece to a highly trusted top-four shutdown defender.  However, despite his limited track record in that role, he was able to sign this deal to avoid arbitration, one that only gives the Jets one extra year of club control.  The market for shutdown defenders is generally harder to pin down but this is already toward the higher end of that market and he got there pretty quickly so there’s some risk involved for Winnipeg here.  That said, three more seasons like last year and he’ll be in line for another big jump.  DeMelo is another more stay-at-home top-four option whose track record is a little more entrenched.  That said, even this deal is on the higher end for someone who was more of a fifth option just a few years ago.

Signed Through 2028-29

None

Signed Through 2029-30 Or Longer

G Connor Hellebuyck ($8.5MM through 2030-31)
D Neal Pionk ($7MM through 2030-31)
F Mark Scheifele ($8.5MM through 2030-31)
F Gabriel Vilardi ($7.5MM through 2030-31)

Since 2016-17, Scheifele has averaged just over a point per game and is coming off a career-best 89 points.  That’s legitimate top-line production at a price tag that’s a few million below the highest-paid top liners.  As long as he stays in that range offensively, the Jets will do quite well with this deal.  There’s obviously concern about the final couple of years but he still might provide enough surplus value in the front half to offset that.  Vilardi, meanwhile, is still on the way up.  At least, that’s Winnipeg’s hope here.  While injuries continue to be an issue for him, he has produced like a top-line winger at times over the last couple of seasons.  If he still has another gear offensively to get to, this should become team-friendly quite quickly, as long as he stays healthy.

Pionk hasn’t been able to get back to the offensive numbers he had in his first season with Winnipeg but he got pretty close last season in spite of an injury that cost him 13 games.  Knowing that right-shot defenders often get a premium, this contract should still be reasonable as long as he can stay in the 35-40-point range and stay in a top-four role.  It won’t be a bargain but it shouldn’t be a huge drag on their books either.

Hellebuyck is only making a little more than some of the recent players to reach the $8MM mark and his track record is much better than those other goalies, including three Vezinas and a Hart Trophy.  Of course, he’s also 32 with six years left on his contract and a league-high workload that probably will catch up with him eventually.  For now, this is a very team-friendly pact (playoff issues notwithstanding) but those final few seasons could be problematic as he starts to wear down.

Still To Sign

None

Buyouts

D Nate Schmidt ($1.617MM in 2025-26)

Retained Salary Transactions

None

Carryover Bonus Overage Penalty

None

Best Value: (non-entry-level) Morrissey
Worst Value: Samberg

Looking Ahead

Winnipeg has nearly $4MM in cap space heading into this season, putting them in a good spot to bank some flexibility early on and then try to make a move or two at the trade deadline.  It’s an approach GM Kevin Cheveldayoff has had for a while, albeit with varying degrees of success.

With so many expiring deals, they have over $40MM to play with next summer, although with nearly half a roster to fill as well.  That will provide some flexibility to reshape things but Connor will probably take more than a quarter of that if he stays and the Jets have had some challenges attracting players in free agency.  The safer bet is that Cheveldayoff tries to keep as much of the core intact as possible and then continues to nibble around the edges of the roster but his hand could be forced in a different direction if Connor opts to test free agency.

Photos courtesy of Terrence Lee and Steve Roberts-Imagn Images.

Salary Cap Deep Dive 2025| Winnipeg Jets Pro Hockey Rumors Originals

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