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Wild Could Reach $16MM Per Year On Kirill Kaprizov Extension

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All signs point towards Edmonton Oilers superstar Connor McDavid breaking the NHL’s record for richest contract when he signs his next contract. The Minnesota Wild will be the only team to give Edmonton a run for their money, as they entertain signing superstar winger Kirill Kaprizov to his own contract extension. In their effort to lock up a player capable of 50-goal and 60-assist seasons, Minnesota could end up paying as much as $16MM per season, per Michael Russo of The Athletic on his ’Worst Seats In The House’ podcast. Russo and co-host Anthony LaPanta agreed that Kaprizov will likely get the contract, and bonus structure, of his choosing so long as the deal is at least five years long.

On the surface, Kaprizov’s stat line is hard to compare to the league’s top echelon. His career-high in scoring sits at 108 points – split between 47 goals and 61 assists in 81 games of the 2021-22 season. He has continued to rival more than 45 goals and 100-point scoring pace over the last three seasons, but has missed routine ice time to a string of injuries. His 2024-25 campaign was cut in half by a lower-body injury that required surgery in January. He finished the year with 25 goals and 56 points – marks that would have put him on pace for a career-high 50 goals and 112 points over a full year.

Had Kaprizov reached those scoring heights this season, he would have become just the 6th player since 2000 to record at least 50 goals and 60 assists in one season. That feat would have put him in company with elite peers, including McDavid, Leon Draisaitl, and Nathan MacKinnon – who have each held the title of highest-paid player at some point in their career. It’s that projection that Minnesota will lean on when negotiating with Kaprizov. There’s simply no arguing his prowess when at full health. Few NHL wingers command play on both ends of the ice quite like Kaprizov, and there’s no doubt that his presence alone is enough to swing Minnesota’s moneyline. Across his 319-game career, Kaprizov has averaged 48 goals and 99 points per 82 games played.

Even with an undeniable superstar ability, it will be tough for Minnesota to award Kaprizov a deal that takes him to age-35 or 36 after missing 63 games over the last three seasons combined – even if he has averaged 102-points per-82 games over those seasons. Minnesota will be stuck between wanting to pave way for their star to stick around, and not biting off more than they can chew. Minnesota will also need to negotiate a new deal with starting goaltender Filip Gustavsson before next summer. Gustavsson could reel in as much as $6.5MM, and has already expressed interest in signing an extension.

The culmination of multiple top contracts set to expire will make Wild general manager Bill Guerin one to watch closely over the next few months. Minnesota is in a stable spot under Guerin’s guide – with a roster that’s seemingly set to stick together for years to come. But the team hasn’t made it past the first round of the postseason since 2015. Kaprizov is a premier talent, and the Wild could face another wrinkle in negotiations should he speculate about the team’s long-term Stanley Cup odds. Young, high-upside forwards like Matt Boldy and Marco Rossi – and a season of good health for both Kaprizov and the Wild as a whole – could go far in convincing the Russian phenom to lock up a career in Minnesota.

Photo courtesy of Nick Wosika-Imagn Images.

Poll: Who Is The Early Favorite To Win The 2026 Calder Trophy?

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The hockey world was treated to a true gift by the race for the 2025 Calder Trophy, awarded annually to the NHL’s top rookie. The class lived up to years of expectations, headlined by Montreal Canadiens defenseman Lane Hutson tying Larry Murphy for the most assists by a rookie defender. He took home the Calder ahead of San Jose Sharks top center Macklin Celebrini and Calgary Flames starting goaltender Dustin Wolf – who both managed star-studded and historic performances of their own. The heap of talent left players who could have won the trophy outright in seemingly any other year – options like 26-goal-scorer Matvei Michkov. A rookie class so strong will be impossible to follow up, but the group in 2025-26 seem to have a great chance to come close.

Early predictions will have the Calder Trophy staying put through in 2026. The Canadiens are set to award star rookie Ivan Demidov with his first NHL season, after he led KHL super-club SKA St. Petersburg with in scoring with 49 points in 62 games last season. He was a sheer force at Russia’s top level, showing a pace, strength, and finesse that was unmatched by his competition. Demidov finished the year with five points in six Gagarin Cup Playoff matchups, before scoring four points in his first seven games with Montreal.

Demidov is now set to assume a key role in the Canadiens’ lineup. It’s hard to imagine he won’t play true top-line minutes. He offers the in-tight skill and low-zone grit to perfectly complement spot-shooter Cole Caufield and playmaking, two-way center Nick Suzuki. The stars will be Demidov’s ceiling if he gets a full year to such talented players. He nearly recorded a 20-30-50 season in the KHL – a league often lauded as near-equal to the NHL. That standing could set him up for 60, or even 70, points in his first year with Montreal.

It will be a tight race to catch up to, and overcome, Demidov. A slew of star collegiate players signed their entry-level contracts at the end of the season, and could easily be set for major minutes of their own. Sam Rinzel fills a need for right-shot defense for the Blackhawks and Oliver Moore seemed to bring his slick-passing to Chicago, Gabe Perreault looked like a strong utility player with the New York Rangers, and Ryan Leonard showed an ability to match the Washington Capitals’ pace.

And yet, all four could be outdone by Minnesota Wild defenseman Zeev Buium, who managed an impressive 98 points in 83 games at the University of Denver. He appeared in four Stanley Cup Playoff games, but only managed one assist. Also atop the defense charts is top KHL defender Alexander Nikishin, who ended a stalemate when he finally joined the Carolina Hurricanes for the playoffs. Nikishin ranked second on SKA St. Petersburg with 46 points in 61 games, and matched Buium’s postseason statline.

Even still, the OHL could emerge. Sam Dickinson served as the star of the 2025 Memorial Cup-winning London Knights, and seems well-primed for a big role with the desolate San Jose Sharks. He could be joined by the reigning ’OHL Player of the Year’ Michael Misa, who managed an incredible 62 goals and 134 points in 65 OHL games last season. Misa was drafted second in this year’s class, with New York Islanders defenseman Matthew Schaefer the only selection before him. The smooth-moving, sharp-eyed Schaefer could be another Calder candidate, though he hasn’t played a season-game since sustaining a broken collarbone during the World Junior Championships last December.

It will be hard for any player to rival the record-breaking heights that Hutson reached last season, but the list of candidates looking to follow him up seems endless. Any one of the aforementioned players could find their way into a star role, or the award could go to someone entirely different – like 2025 Hobey Baker Award-winner and Edmonton Oilers winger Isaac Howard.

With so much talent on the board, who do you think will win the 2026 Calder Trophy? If you choose ’Other’, comment your pick below!

Mobile users click here to vote.

Afternoon Notes: Hockey Canada, Zary, Harley

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A preliminary report has been released by the ’Future of Sport in Canada’ commission, a group formed in May of 2024 focused on reviewing Canada’s amateur sports system. In it, the group made a recommendation for the creation of an independent body to oversee amateur sports across the country, shares TSN’s Rick Westhead. They claim that this group could address both funding shortages and instances of abuse or maltreatment.

The recommendation was one of 71 made by the commission in their initial report. It follows an investigation that spanned visits to 12 Canadian cities and review of over 1,000 written submissions. Their findings detailed multiple instances of abuse or neglect, including suspended or banned coaches still working within their clubs. This effort comes as part of a yearlong push to make Canadian amateur sports more safe and secure environments for children and families. The federal Heritage Committee also made recommendations for changes in the sports system in June 2024.

The creation of an independent oversight committee would be an innovative push into public support of youth sports. It could be an effort that bodies like USA Hockey – who currently handles oversight internally – looks to mimic in years to come.

Other notes from around the hockey world:

  • Calgary Flames restricted-free agent Connor Zary will likely end up with a bridge-deal, per hockey insider Jeff Marek on the latest Empty Netters podcast episode. Zary remains one of the top available free agents, after posting 13 goals and 27 points in 54 games last season. That equates to a 41-point scoring pace over 82 games. Zary has stepped up as a reliable, middle-six center for the Flames over the last two seasons. He’s racked up 61 points in 117 career games, and should be due for big growth over the next few seasons. First, he’ll need to find his way back to good health after missing 47 games over the last two years due to injury. That bad luck could make a bridge deal sensible, and give Zary a chance to earn a payday before his prime years.
  • Also on the Empty Netters podcast, Marek shared that the Dallas Stars aren’t likely to go above Miro Heiskanen’s cap hit for 2026 RFA defenseman Thomas Harley. Heiskanen signed an eight-year, $67.6MM contract with the Stars in 2021, at the age of 22. The deal carries an $8.45MM cap hit. Heiskanen had totaled 131 points in 275 games before signing the deal. That’s more scoring and experience than Harley’s 103 points in 197 career games. Harley also turned 24-years-old two weeks ago. He’s a sharp offensive-defenseman who thrived in Heiskanen’s absence last season, but a lighter resume and older age could counteract a rising salary cap in his contract negotiations.

Hurricanes Sign Oliver Kylington, Givani Smith To Professional Tryouts

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The Carolina Hurricanes have signed forward Givani Smith and defenseman Oliver Kylington to professional tryouts. Both players appeared in NHL games last season.

Kylington’s NHL action was split between the Colorado Avalanche and Anaheim Ducks. He only totaled 19 games, and five points, on the year after sustaining a string of injuries throughout the 2024-25 season. Kylington stepped away from the NHL from October 2022 through January 2024 to focus on his mental health. He returned for 33 games of the Calgary Flames’ 2023-24 season and won the 2024 Bill Masterton Trophy.

Kylington is now 28 and looking to reinstate his spot in the NHL. He bounced back and forth between the major and minor leagues from 2018 to 2021 – but broke out with 31 points in 73 games of the Flames’ 2021-22 season. At his best, he looked like a smooth-moving, two-way defenseman capable of holding both blue-lines. That talent could be enough to fill the in-between role vacated by Scott Morrow when he was traded to the Rangers in June. First, Kylington will need to prove he can still play at NHL pace.

Meanwhile, Smith will look to flex his might as a bottom-of-the-lineup bruiser. He has fluctuated between the NHL and AHL for the last few seasons, and averaged at least one penalty minute per game everywhere he goes. Last season, Smith recorded no scoring and 18 PIMs in 13 NHL games, and three points and 21 PIMs in 16 AHL games. Those performances brought his career totals up to 22 points and 268 PIMs in 168 NHL games, and 55 points and 287 PIMs in 167 AHL games. He could be a candidate for an AHL contract, if he doesn’t earn a deal with the Hurricanes out of camp.

Matthew Caldwell, Shawn Thornton Leave Panthers For NBA

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Florida Panthers’ team president and CEO Matthew Caldwell is set to leave the organization after 11 years to become the CEO of the NBA’s Minnesota Timberwolves and WNBA’s Minnesota Lynx, per David Dwork of The Hockey News. The report was confirmed by Tim Reynolds of the Associated Press. Additionally, former NHL pro Shawn Thornton announced he will step down from his role as Florida’s Chief Revenue Officer (CRO) to join the NBA’s Atlanta Hawks as a Senior Vice President and Chief Partnership Officer. Thornton joined Florida’s executive staff in 2017.

These moves stand as two major changes to the Panthers’ top level of business management. Caldwell joined the Panthers in 2014, amid some of their darkest years. He quickly took to a litany of responsibilities, and earned a promotion from Chief Operating Officer (COO) to CEO after just two years with the organization. He was 36 at the time. In the boosted role, Caldwell was able to take on efforts that helped to reshape the Panthers from an NHL bottom-dweller to a modern dynasty.

Caldwell played an instrumental role in the formation of Florida’s lauded front office and coaching staff. He supported the team to a franchise record in ticket sales, TV viewership, and sponsorship revenue and led the hiring of then-rookie general manager Bill Zito. Caldwell also supported the sale of local media rights to Bally Sports in 2022, Florida’s arena naming rights to Amerant Bank in 2023, and additional media sales to Scripps Sports in 2024. The trio of deals expanded coverage of Panthers hockey across Florida.

Success in the Sunshine State was only a small part of Caldwell’s career. He graduated from the United States Military Academy at West Point and served five years as a Captain in the U.S. Army. During that time, he oversaw combat operations in Iraq, peacekeeping efforts in Kosovo, and soldier training in Germany. He received numerous accolades for that service. Caldwell turned towards a career on Wall Street after his military duty concluded, taking on the role of Vice President with Goldman Sachs. He also attended the Northwestern University School of Law for his J.D. and MBA degrees. The Panthers cover Caldwell’s accomplishments more in depth on their website.

Now, Caldwell will join the Timberwolves and Lynx on the heels of their sale to Marc Lore and former MLB legend Alex Rodrigues. In doing so, he will continue to sustain an illustrious career that Panthers Owner Vincent Viola knows they won’t be able to replace. Viola told the Associated Press:

There are very few opportunities I would advise him to pursue, but working with Alex Rodriguez and Marc Lore on a global platform like the NBA is at the top of that list… Matt’s impact on our organization has been immeasurable and he leaves with our respect and gratitude

On top of that weight, the Panthers will also lose former bruiser turned proficient executive Shawn Thornton. Thornton played through 14 years and 705 games in the NHL. He was among the very last true enforcers in the NHL, and racked up an incredible 1,103 penalty minutes over the course of his career. Over his full career, Thornton averaged 12 points and 128 penalty minutes per 82 games played.

Thornton retired as a member of the Florida Panthers in 2017, at the age of 39, and quickly took to a front office role. His business career began as a Senior Vice President of Business Operations – filling a litany of roles, including heading marketing, sponsorships, broadcasting, game presentation, and community relations. He was promoted to the team’s Chief Commercial Officer in 2020, then to CRO in 2022.

Thornton has been a pillar of growth since the onset of his post-playing career. In addition to his role with the Panthers, he also runs the Shawn Thornton Foundation – geared towards raising funding for life-threatening diseases, including Parkinson’s Disease. That organization was formed in 2013.

Florida will now bear the burden of filling two major roles in their executive offices. It will be a tough task, though one the organization seems well set up for after winning back-to-back Stanley Cups and appearing in three-straight Stanley Cup Finals. They’re a true NHL dynasty, and averaged the fifth-most attendance in the league last season according to HockeyDB. This news will mark turnover and new opportunity for a club in the midst of their peak.

Photo courtesy of Charles LeClaire-USA TODAY Sports.

NCAA Grants Eligibility To Two Former Pros

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In another milestone decision for collegiate hockey, the NCAA has granted eligibility to two players with experience in the AHL and ECHL. Forward Connor McClennon and defenseman Hudson Thornton will both suit up for the Bemidji State University Beavers, per Jared Rubado of The Bemidji Pioneer. This decision goes against the NCAA’s previous rule that stated any players who have signed pro contracts were ineligible from playing NCAA-sanctioned sports.

The future implications, or even the present justification, for this decision aren’t entirely clear. Bemidji State head coach Tom Serratore told Rubado that the team wanted to “throw some darts” after seeing the NCAA allow former pros to participate in other sports. They worked with both players to submit request to the NCAA Eligibility Center, formerly the NCAA Clearinghouse. Both McClennon and Thornton pointed towards their reinstated eligibility for U Sports – Canada’s collegiate league – as one of the reasons why they should be granted a move to the NCAA.

Bemidji also pointed towards the NCAA’s extension of eligibility to pros in both basketball and football. As pointed out by Rubado, the NCAA allowed Ethan Burg to join the University of Tennessee’s men’s basketball team on July 24, despite Burg’s participation in the Israeli Basketball Super League.

The NCAA is also currently facing a U.S. District Court ruling that challenges how the NCAA counts years of eligibility. Previously, the collegiate association would include years in JUCO, or Junior College, against a player’s maximum five years of NCAA eligibility. This new antitrust lawsuit would look to reverse that decision, and extend additional eligibility to three players at West Virginia University, as well as players at Vanderbilt University, Rutgers University, and Memphis University.

The NCAA has released a statement challenging the court ruling, though they may face a tougher task overturning it after extending eligibility to two pro hockey players. McClennon played nine total games between the AHL and ECHL, scoring just one point in the former league. He spent last season at the University of Alberta. Thornton’s pro experience is much more extensive. He appeared in 49 ECHL games, and scored 14 points, this past season, in addition to making his AHL debut. Thornton has never played at the collegiate level, though he previously expressed interest in joining the University of Saskatchewan for next season.

While the long-term impact of this decision hasn’t had time to settle, it marks another boom to the ever-changing junior hockey landscape. It seems unlikely that the NCAA will officially acknowledge changes to their eligibility until after they conclude multiple lawsuits and court cases, leaving questions of who teams can recruit up in the air for now. On the other side, NCAA eligibility could begin mirroring U Sports. Currently, AHL or ECHL players are eligible to join U Sports programs, but must sit out for a season of competition if they are on a pro roster after January 10th. Even those guidelines seem uncertain, though, as U Sports commits to future changes and expansions of their own.

Flames Seem Set To Trade Rasmus Andersson, Per Teammate

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The trade rumors surrounding Calgary Flames defenseman Rasmus Andersson are reaching a peak as the 2025-26 season rolls around. Flames centerman Mikael Backlund said that Andersson seems to be clearly headed for a change of teams during the NHL’s European Media Tour, as captured by Micahel Russo of The Athletic. Backlund went into depth on the divide between Calgary and the top-pair defenseman, sharing that the two sides are at ends on what a new contract should look like. Andersson will enter unrestricted-free agency next summer, and is looking for a boost over his current $4.55MM cap hit, while the Flames are looking for a value deal. Backlund told Russo:

Yeah, [Andersson is] getting traded. It’s obvious… I talked to him, too, and he doesn’t want to be a distraction… It’s too bad that it’s come to this. I don’t think that they’re close to getting an agreement, but you never know. Things could change.

Backlund seems among the most informed when it comes to changes within the Calgary organization. He’s spent all 1,066 games, and 17 seasons, of his NHL career in a Flames jersey. The Flames named Backlund team captain in 2023, after five years of serving as an alternate captain. Andersson has also served as an assistant captain as far back as 2022, cementing a clear connection between the two teammates.

Backlund’s comments ring loud as a result. Andersson has appeared to be the odd-man-left ever since general manager Craig Conroy completed a fire sale of trades in 2023 and 2024. The flurry moved out defenders Chris Tanev, Nikita Zadorov, and Noah Hanifin – leaving Andersson as the only long-term Flame left on the team’s blue-line. He has since been supported by veteran MacKenzie Weegar and emerging pro Kevin Bahl, playing ahead of an otherwise very fluid Calgary defense.

This news spells even more changes for the Flames’ defense. There will be no preparing for losing a player of Andersson’s caliber, even despite rumors swirling through the last few seasons. He has emerged as a true top-pair offensive-defenseman, capable of driving play and sustaining offensive chances for his side, even amid poor defensive play. Andersson tied his career-high of 11 goals this past season, to go along with 31 points on the full year. It was a slight dip from his scoring totals over the last few year. He previously scored 50 points in the 2021-22 season, 49 points in 2022-23, and 39 points in 2023-24.

These comments will once again spark what’s been an aggressive trade market for Andersson. Calgary has fielded interest from across the NHL, with teams like the Columbus Blue Jackets and Carolina Hurricanes previously emerging as front-runners. There has also been rumors of a fit with Pacific Division clubs like the Los Angeles Kings or Vegas Golden Knights, should the Flames be comfortable with moving Andersson to a nearby foe. Vegas will notably be without top defender Alex Pietrangelo next season due to injury, creating a clear hole in their lineup. The Golden Knights would need to find roughly $1MM in cap space to afford Andersson’s cap hit, assuming Calgary would be willing to retain a maximum 50-percent.

Hurricanes Sign Ivan Ryabkin To Entry-Level Contract

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The Carolina Hurricanes have signed 2025 second-round pick Ivan Ryabkin to a three-year, entry-level contract. The deal carries $235K in signing bonuses and a $85K salary at the AHL level. The NHL salary grows each year – from $775K, to $850K, to $895K. Ryabkin is expected to delay the start of the contract by moving to the QMJHL’s Charlottetown Islanders this season, though rumors suggest he could make a push for the AHL roster out of training camp, per Elite Prospects’ Cam Robinson.

Ryabkin was once lauded as the top Russian in the 2007 birth year, and even considered a potential top-20 prospect after his age-17 season. That standing took a tumble over the course of his draft season, as concerns over his workout regiment and discipline grew with Russian club Moscow Dynamo. The resulting split prompted Ryabkin to the move to the USHL’s Muskegon Lumberjacks in January, after he scored just one goal and 12 points in 15 MHL games.

The mid-season move proved instantly profitable for both Ryabkin and Muskegon. The high-volume winger totaled 26 goals, 46 points, and 100 penalty minutes over a combined 41 games in the USHL. His scoring presence was the final heave that pushed Muskegon to their first Clark Cup Championship in franchise history. Ryabkin filled the sniper role to a tee, perfectly complimenting high-energy playmaker Tynan Lawrence and nifty power-forward Vaclav Nestrasil Jr..

News of his first NHL contract will make Ryabkin a must-watch player as training camps roll around. He still measures at a hefty 5-foot-11, 205-pounds, and stood out as an unpoised hitter on what was a heavily penalized Lumberjacks lineup. His scoring prowess at the junior level is unquestioned, but the 2025-26 season will be about proving his competition, drive, and level-headedness both on and off of the ice. Breaking into the minor-leagues at 19 would go a long way towards showing that growth. Ryabkin made his debut in the KHL and VHL – Russia’s top pro leagues – early into the 2024-25 season.

Summer Synopsis: Toronto Maple Leafs

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Now more than a month into the new league year, the bulk of the heavy lifting has been done from a roster perspective. Most unrestricted free agents have found new homes, the arbitration period has come and gone, and the trade market has cooled. Accordingly, it’s a good time to take a look at what each team has accomplished this offseason. Next up is a look at Toronto.

The Maple Leafs were big spenders at the trade deadline, augmenting their roster for what they hoped would be a long playoff run.  However, they were ousted in the second round by Florida, leading to the resumption of calls to shake things up.  They did just that, parting ways with one of their top players, using those savings to shore up their overall depth in the hopes that this will be the year that they take that next step forward.

Draft

2-64 – F Tinus Luc Koblar, Leksand (Sweden U20)
3-86 – F Tyler Hopkins, Kingston (OHL)
5-137 – F William Belle, U.S. U18 (NTDP)
5-153 – F Harry Nansi, Owen Sound (OHL)
6-185 – D Rylan Fellinger, Flint (OHL)
7-217 – F Matthew Hlacar, Kitchener (OHL)

The Maple Leafs took a unique approach to this year’s draft. They leaned into projectable floors, rather than high ceilings, in what was widely considered a shallow draft class. That approach did elicit some surprise, namely Luc Koblar’s selection at the end of the second-round. The lanky, high-tempo Norwegian was considered a mid-round pick across many public and private draft boards, though many claimed that was due to a lack of attention rather than a lack of skill. He does boast smooth skills in his 6-foot-3, 190-pound frame – with capable and quick skating and stickhandling. That foundation, and a snappy ability in the middle lane, could leave Luc Koblar just a few years away from a meaningful pro role. He’ll define his long-term potential with how well he adds a stronger first step, and sharper physical presence.

Toronto curbed a confident reach in the second-round by selecting a scout’s favorite in the third. Hopkins was praised by many for his simple, effective, and imposing drive throughout the Kingston Frontenacs season. He plays heavier than his 6-foot-1, 179-pound frame suggests, and showed a strong ability to keep tempo with smaller and faster linemates. He’ll offer the upside of an all-three-zones, physical presence. The same can be said about Belle and Nansi, the former a high-motor forechecker who began his hockey journey in China; and the latter a growing support winger. Both Fellinger and Hlacar will offer hard-hitting ability to round out a class of unexciting, but seemingly projectable, draft picks.

Trade Acquisitions

F Dakota Joshua (from Vancouver)
F Matias Maccelli (from Utah)
F Nicolas Roy (from Vegas)
D Henry Thrun (from San Jose)

With the understanding that Mitch Marner was likely heading to Vegas one way or the other via either a sign-and-trade or free agency, GM Brad Treliving was at least able to salvage something out of the situation with Roy’s acquisition.  He has reached the 30-point mark in four straight seasons, ranging between 13 and 15 goals in each of them.  More importantly, he’s a natural center, giving them a much-needed option down the middle which should allow them to use Max Domi on the wing, a position he’s better suited to playing.  Between Roy and deadline acquisition Scott Laughton, Toronto’s center group is much deeper than it has been in recent years while giving them a much bigger group of bottom-six middlemen, fitting in with Treliving’s goal of getting the team tougher to play against.

That last bit also helps justify the acquisition of Joshua on a buy-low pickup from Vancouver.  He’s only one year removed from a breakout 18-goal, 32-point campaign but last season was a struggle as he worked his way back from testicular cancer plus some nagging in-season injuries.  If all goes according to plan, he’ll help out their depth scoring and penalty killing.

Treliving also bought low on Maccelli, grabbing him from Utah for a conditional third-round pick.  Last season was a tough one as he slid down the depth chart but two years ago, he was fourth in Calder Trophy voting.  In between those two years, he finished third on the Coyotes in scoring with 57 points.  He has shown legitimate top-six upside early in his career and with Marner gone, they’ll be counting on him to help replace some of the playmaking that they lost.

UFA Signings

F Travis Boyd (one year, $775K)*
F Benoit-Olivier Groulx (two years, $1.55MM)
F Vinni Lettieri (one year, $775K)
D Dakota Mermis (two years, $1.55MM)
F Michael Pezzetta (two years, $1.55MM)

* denotes two-way contract

After making a splash on the open market last summer with some moves on the back end, Toronto’s free agent activity was on the depth front this time around.  Of the above signings, only Pezzetta was on an NHL roster for the entire season and he played in just 25 games.  However, he had been more of a regular on the fourth line with Montreal for the previous three years and has 200 games at the top level under his belt.  He’s someone who will be in a battle for a spot at the back of the NHL roster.

The Group Six UFA market wasn’t particularly strong this year and most players went from being on low-cost two-way contracts to being on low-cost two-way contracts with another organization.  Groulx was one of the exceptions, securing a two-year, one-way agreement with Toronto.  He’s only a year removed from playing in 45 games with Anaheim but he didn’t get a sniff of action at the top level last season, instead playing exclusively with AHL Hartford.  The team is likely eyeing him for depth with the AHL’s Marlies but he could be an under-the-radar add.

Experience is the name of the game with their other pickups.  Boyd has a pair of 30-point-plus seasons in the NHL under his belt in nearly 300 games but has been more of an AHL regular in recent years and is likely ticketed to be a big scorer with the Marlies.  Lettieri was a regular with Boston for a good chunk of the second half of last season which helped earn him a one-way salary but he’s probably heading for the AHL as well.  Mermis was claimed off waivers twice last season although it didn’t help him play much in the NHL as he suited up just four times.  He’ll be among their more experienced recall options in the minors, assuming he gets through waivers unclaimed in training camp.

RFA Re-Signings

F Matthew Knies (six years, $46.5MM)
F Nicholas Robertson (one year, $1.825MM)
D William Villeneuve (one year, $775K)*

* denotes two-way contract

Speculated as a potential offer sheet candidate had he made it to July 1st, the Maple Leafs made sure that Knies didn’t get there, agreeing to terms of this contract not long after the draft.  In his two full NHL seasons, he has worked his way into being a legitimate top-line winger and at 22, there’s still room for optimism that he has another level to get to offensively.  In an ideal world, they would have been able to get him locked up for longer as they ultimately only picked up one extra year of club control with this contract but the price tag to do so would have pushed past the $8MM AAV mark which would have limited their flexibility to add other pieces.  With Auston Matthews still having three years left on his deal, two-thirds of Toronto’s top line will be in place for at least that long.

Robertson came pretty close to going to an arbitration hearing but the two sides were able to get this deal done beforehand.  He put up a career-best 15 goals in 69 games last season despite averaging only 12 minutes a night which helped him nearly double his previous price tag.  Nonetheless, his future with the Maple Leafs still seems a little murky, especially with his trade request from a couple of years ago but this agreement buys both Robertson and the team a little more time to assess his long-term fit.

Departures

F Nicholas Abruzzese (Tampa Bay, one year, $775K)*
F Roni Hirvonen (signed with Karpat, Liiga)
F Pontus Holmberg (Tampa Bay, two years, $3.1MM)
D Mikko Kokkonen (signed with Linkoping, SHL)
F Mitch Marner (trade with Vegas)
D Nicolas Mattinen (signed with Adler, DEL)
G Matt Murray (Seattle, one year, $1MM)
D Topi Niemela (signed with Malmo, SHL)
F Max Pacioretty (unsigned)
F Ryan Reaves (trade with San Jose)
F Alex Steeves (Boston, one year, $850K)
F Ty Voit (contract termination, signed with Utah, ECHL)

* denotes two-way contract

Toronto’s summer was overcast by the departure of star winger Marner, coming off the first 100-point season of his career. He was traded to Vegas after agreeing to a max-term, eight-year extension with the Maple Leafs. The sign-and-trade netted Toronto centerman Nicolas Roy as a consolation, though Marner’s presence will be hard to replace on a night-to-night basis. Luckily, Toronto was able to get through the rest of the off-season without many notable changes to their NHL roster. Holmberg will vacate a hardy role in the team’s bottom-six, after netting 19 points in 68 games last season. Pacioretty also helped filled space on the wings, though he was limited to only 13 points and 37 games on the season by a long-term, lower-body injury. The Leafs also landed a positive return for Reaves, who filled the enforcer role through 35 games last season.

The Leafs otherwise enter the season unscathed, replacing much of their minor-league turnover with an active summer. They will maintain the NHL rights for Hirvonen and Niemela through their move to Finland, opening the door for the club to still bank on the former second and third round picks. Steeves and Abruzesse will look to jump above their AHL roles after sitting near the top of Toronto Marlies scoring over the last few seasons. Meanwhile, Murray will look to continue his return from bilateral hip surgery, after posting an encouraging 10-5-4 record and .934 save percentage in 21 AHL games this season. Murray contributed a 15-9-2 record and .901 save percentage over 28 games, and three seasons, with the Leafs.

Key Extensions

F Steven Lorentz (three years, $4.05MM)
F John Tavares (four years, $17.56MM)

Toronto’s summer kicked off on a high note when former captain Tavares signed a team-friendly extension, with an annual cap hit of just $4.38MM. The deal didn’t change the Leafs’ chances at retaining Marner, but landing Tavares at a salary nearly $7MM cheaper than last year did support the team’s push to sign Knies long-term. Tavares continued to produce at a top-level last season, with 38 goals and 74 points in 75 games. He’ll be a true discount headed into next season, where he’ll chase his 1,200th NHL game (currently at 1,184) and 500th goal (currently at 494).

Lorentz will also stick in Toronto, after playing through his first year with the club last season. He finished the year with 19 points in 80 games, operating out of a fourth-line role. This deal is just the second three-year deal of Lorentz’s career. It’s a nice bode of confidence for a depth, two-way winger who has already won a Stanley Cup with the 2024 Florida Panthers, and a Calder Cup with 2019 Charlotte Checkers. He has 62 points in 310 career NHL games, and hasn’t appeared in the minor-leagues since 2020.

Salary Cap Outlook

After years of operating with often multiple players on LTIR, the Maple Leafs project to have $1.919MM in regular cap space heading into the season, per PuckPedia.  That’s not enough to add anyone of consequence in free agency which is why they’re believed to be shopping some of their extra forwards while also being linked to UFA Jack Roslovic if they can free up the money to sign him.  If that doesn’t come to fruition, they’re at least in a spot where they can afford a couple of injury recalls before needing to rely on emergency cap-exempt ones.  That might not sound like much but that’s a big step up from where they have been.  And if they’re able to stay relatively healthy, Treliving might have a bit of wiggle room to work with at deadline time.

Key Questions

Can The Team Replace Marner’s Production? No matter where you stand on Marner moving on, the Maple Leafs still face the challenge of replacing over 100 points. To offset the loss of not only Marner’s offensive production but also his steady two-way play, Treliving prioritized depth signings over chasing a big-name free agent. However, none of those additions bring proven offensive capabilities at the NHL level. To truly offset Marner’s production, the team will likely look for continued growth from players who were already on the roster. This includes the continued rise of the recently extended Knies, who could continue to grow in his age-23 season. The same expectations could be placed on Robertson, who flashed potential with 15 goals in 69 games last season. Trade acquisitions like Roy and Joshua should also be able to chip in. Either way, it’s going to take a committee approach to replace what Marner provided every night.

Is The Goaltending Strong Enough? Joseph Woll is coming off of a solid season, where he posted a solid .909 save percentage, right in line with his career average of .910. However, he struggled with an .886 save percentage in the playoffs, surrendering 23 goals through seven games. Backup Anthony Stolarz fared better in his seven postseason appearances, posting a .901 save percentage, but it too was a far cry from his robust .926 save percentage through 34 regular season appearances. While the duo found success in the regular season — guiding the team to 108 points and an Atlantic Division title — key questions remain: can they elevate their game in the playoffs, steal a must-win game, or go toe-to-toe with the likes of  Sergei Bobrovsky?

Can This Team End The Streak? When the Maple Leafs last won the Stanley Cup, Frank and Nancy Sinatra topped the music charts and the Super Bowl hadn’t even been invented. After 57 years without a championship, the question of when the drought will end only grows louder. So, can this roster, as it stands, finally get over the hump? The Leafs certainly appear to have the offensive firepower to contend with the top teams in the league. The team finished seventh in the league in goals for last season, and still have stars like Matthews, Taveres, and William Nylander leading the way. But does the team have the depth, defense, and goaltending needed to truly make a run?

PHR’s Brian La Rose and Paul Griser also contributed to this post.

Prospect Notes: Behrens, Wassilyn, Bourque

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The Colorado Avalanche have received a bit of good news in the quietest days of summer. Defense prospect Sean Behrens shared that he’s been fully cleared to participate in the team’s rookie tournament with Meghan Angley of Guerilla Sports. Behrens missed all but two games of last season after sustaining a knee injury in an October practice scrimmage. The first-year pro only suited up for the very first, and very final, game of the Colorado Eagles’ season.

Hopes were high for Behrens prior to his season-ending injury. He seemed well set for a strong push into pros after finishing a three-year stay at the University of Denver with 31 points in 44 games, and a National Championship win, in the 2023-24 season. Behrens was a core part of the title-winning Pioneers, where he often found himself playing alongside or directly behind top prospect Zeev Buium. He showed off all of the sharp stickhandling and quick skating needed to keep the Pioneers offense running with Buium off the ice, and earned the NCHC’s ’Defenseman Of The Year’ award as a result. Behrens now faces an uphill battle adjusting his slight, 5-foot-10 frame to the pro level. He’s made strong impacts in both junior and college hockey, and could earn a top role with the Eagles with a quick return.. He’ll be a name for fans to watch – though likely one that the Avalanche take their time with – as he looks forward to a healthy season.

Other notes from around the prospect world:

  • Top 2026 NHL Draft prospect Braidy Wassilyn will indeed return to the OHL’s Niagara Ice Dogs next season, then attend Boston University in the 2026-27 season, shares Ryan Kennedy of The Hockey News. Kennedy mentions that Wassilyn’s return to juniors wasn’t previously guaranteed. This news puts the cherry on top of a productive summer for Niagara. Wassilyn scored 39 points in 62 games of his rookie OHL season last year. He rivaled the team’s top-six by the end of the season, profiling as a sharp and mobile playmaker with a heavy, 200-pound frame. He’ll return to great company in Niagara – set to play alongside fellow top 2026 draft prospect Ryan Roobroeck, Winnipeg Jets prospect Kevin He, and Tampa Bay Lightning prospect Ethan Czata.
  • Dallas Stars forward Mavrik Bourque will now be represented by agent Olivier Fortier, Vice President of Wasserman Hockey, per PuckPedia. Borque just wrapped up his rookie season in the NHL with 11 goals and 25 points in 73 games. It was a relatively calm performance, after Bourque won the AHL’s MVP award with 77 points in 71 games of the 2023-24 season. He did maintain a positive plus-minus and consistent lineup role through his first NHL season, even playing second-line minutes through certain points in the year. He’ll face the task of now cementing a spot up the lineup, and discovering his scoring prowess, ahead of restricted-free agency next summer.

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