Ryan Shea Is Going To Get A Big Raise This Summer

Saying that Penguins defenseman Ryan Shea is having a career year would be a massive understatement. The 28-year-old has two goals and 14 assists in 41 games, is a +15, and averages over 19 minutes a night.

While plus/minus is a flawed statistic, it is eye-opening to see it that high. Shea has played up and down the Penguins’ defense this season, pairing with the likes of Kris Letang, Jack St. Ivany, Harrison Brunicke, and Parker Wotherspoon. No disrespect to any of those players, but St. Ivany has been a tweener to this point in his career, Brunicke is back playing in the World Juniors, and Letang has been a mess defensively for most of the year, making the +15 all the more impressive.

Shea spent much of the season paired with Letang, but in the last week, Shea and St. Ivany have formed an effective shutdown pairing for the Penguins, coinciding with an intense stretch of play for the team. Shea’s adaptability and offensive emergence couldn’t have come at a better time for the three-year NHL pro, as he is slated to be an unrestricted free agent on July 1 and is set to earn a healthy raise from the $900K he is making this year.

Shea signed that one-year deal last March, and it seemed like an odd bit of business for the Penguins at the time, as they were busy selling off at the trade deadline and Shea was a candidate to be moved. Pittsburgh general manager Kyle Dubas clearly saw something he liked in Shea’s game and gave him a raise and guaranteed NHL money for this season in an extension that has been a windfall for Pittsburgh at a time when they needed a left-handed defenseman to step up and fill a massive weakness.

Not only did Shea step up, but he also effectively became the type of player Pittsburgh needed to acquire if they wanted to contend for a playoff spot, which may or may not have been the plan. Regardless of the intentions, Pittsburgh is in the playoff hunt, and Shea has been a massive part of that.

So, what is the plan for Shea now? That is the million-dollar question, or in Shea’s case, the multi-million-dollar question.

At the beginning of the season, AFP Analytics projected a one-year deal worth $1.075MM for Shea next season. That number is obviously going to be different now, but it’s fair to wonder how different it will be.

Shea has a lot working in his favor in his contract negotiations. He is still relatively young, doesn’t have a lot of NHL mileage on his body, and capable defensemen are always in demand.

Just look at one of his predecessors as Letang’s partner, Brian Dumoulin, who is much older and worn down, and who got three years and $12MM as a UFA last summer. On the flip side, Shea doesn’t have a long NHL resume, having played 111 games and entering his third season.

He also doesn’t have a track record as an impact defender outside this year. Shea had pedestrian results last season in 39 games, posting two goals and three assists, but he was leaned on heavily defensively. He didn’t have too many opportunities to chip in offensively.

His free agency is going to get interesting over the next two months, particularly if the Penguins stay in contention for a playoff spot and opt to hold onto him. Pittsburgh gave Shea his NHL opportunity, signing him to NHL money before he ever played an NHL game, demonstrating faith in his ability to become an NHL defenseman.

That 2023 signing showed absolute trust from Dubas and the Penguins, and it makes one wonder whether Shea will reward the team with a discount in negotiations. There is also a precise fit for both Shea and the team.

He fills a need well, and even on an extension, he won’t cost more than a potential replacement would in free agency or a trade. That said, there is always a risk in signing a one-hit wonder, as his play could be a mirage, and you end up locked in long-term with a player who can’t cut it in the NHL.

If the Penguins fall out of contention, on the other hand, it could change the complexion of Shea’s future, particularly if they deal him to a different team. Therein lies the risk for Shea, because if he gets traded elsewhere and falls flat on his face, it would pretty much tank his prospects for a long-term deal on the open market. But if he gets moved and succeeds, it removes a significant question mark surrounding him.

It remains to be seen whether Pittsburgh will even deal Shea if they fall out of contention. They didn’t last year, when Shea was more of an unknown, and it would seem silly to trade him now, when you have a better idea of what he can be in the NHL.

Pittsburgh might just sign him even if they fall out of contention, because they have the cap space and know what they have in Shea. They also have a ton of other pending UFA defensemen who don’t figure to be part of their future, and they could move those instead.

What could Shea be looking at in terms of a contract extension? It’s hard to predict, given the current economic climate.

Still, there are a couple of comparables, such as the Flyers’ Emil Andrae and the Flames’ Jake Bean. AFP Analytics has Bean pegged for a two-year deal worth $2.25MM per season, while Andrae is projected at $1.7MM AAV on a two-year deal. Declan Chisholm of the Capitals is another decent comparison in terms of career numbers. He signed his contract extension as an RFA, inking a two-year deal worth $1.6MM annually.

The issue with the Chisholm comparison is that he was an RFA, while Shea is unrestricted. However, using the framework of all the aforementioned contracts, it seems likely that Shea is headed for a two-year deal, possibly three, at a rate that probably tops the Bean projection.

However, this is the NHL, and it wouldn’t be shocking to see Shea sign a four-year deal worth $3MM or more annually, given the surging salary cap and teams’ desperation for reliable defenseman.

Image courtesy of Charles LeClaire-Imagn Images.

Assessing The Kraken’s Goaltending Situation

The Kraken entered the break on a strong note with three straight wins, but they’ve only won four of their last 14 games. Thanks to many of their tweener companions in the West struggling, they’re only three points out of a playoff spot with four games in hand on the Mammoth.

Seattle isn’t a surefire playoff team by any stretch at a record of 15-14-6, but given the level of goaltending they’ve received thus far from Joey Daccord, Philipp Grubauer and Matt Murray, they should be able to at least stay in the mix until the trade deadline. Seattle’s issue has clearly been its offense this year, which ranks third-last in the league at 2.54 goals per game. On the defensive side, Seattle’s 2.97 goals against per game rank 13th.

Earlier in 2025, two NHL contracts that seemed unmovable were those of Grubauer and Tristan Jarry. Jarry was dealt to the Oilers earlier this month after passing through waivers a year ago. However, his play this year opened the door for the Penguins to move him and his entire $5.375MM cap hit, even though it had another two years after this one.

Something that seemed impossible a year ago happened, and the Penguins netted two roster players and a second-round pick. The trade highlighted the limited goaltending options available across the NHL, which brings us to the Kraken and, specifically, Grubauer.

The 34-year-old has been a disaster since signing with Seattle as a free agent in 2021. The Stanley Cup winner signed a six-year deal worth $5.9MM annually, and he has never been able to give the Kraken anything close to the goaltending he provided to the Avalanche in his few seasons as their starter.

Grubauer was a Vezina Trophy finalist in his platform season, finishing third, and posted a 30-9-1 record with a .922 SV% and a 1.95 GAA. As impressive as those numbers were, his underlying numbers painted a clearer picture, minimizing Grubauer’s overall impact and suggesting a goaltender playing behind an excellent team. Grubauer still had to stop the saveable pucks and avoid the bad goals, and that’s precisely what he did, but he only registered 5.2 goals saved above expected (as per MoneyPuck), 11th in the league.

Fast-forward to that summer, when Seattle thought they were getting a netminder capable of backstopping them on deep playoff runs. Now, his contract has become one of, if not the, least movable agreements in the NHL, until perhaps this season.

Grubauer has started the season well, even though traditional metrics don’t necessarily reflect it. He has played 11 games this season, going 5-3-1 with a .911 SV% and a 2.59 GAA. Those numbers are nothing to write home about, but a deeper dive shows that Grubauer has 7.1 goals saved above expected on the year – the best figure on the Kraken.

That great start to the season could give Seattle the chance to move him, if he agrees. Grubauer has a modified no-trade clause in his contract, which further complicates a trade even if Seattle were able to find a dance partner.

To add to an already complicated dynamic, the third-string Murray is injured. Unfortunately, injuries have derailed a career that once looked incredibly bright. That said, when Murray returns to the lineup, the Kraken will presumably have three capable NHL goaltenders and will need to move one or assign one to the AHL.

This is where it gets really complicated. Losing Grubauer for Murray is a lateral move at this point, but is Seattle really willing to roll the dice with Murray as the backup? Hard to say, but talent-wise, Murray is more than capable, and the risk of moving Grubauer might just be worth it if it means shedding his massive contract, especially if the Kraken remain out of the playoff picture.

It’s not dissimilar to what the Penguins had to do to shed Jarry’s contract. They took back Stuart Skinner and are rolling with him and Arturs Silovs, but the big win is not having Jarry’s money on the books, which opens the door for Pittsburgh to do a lot next summer. Seattle could put itself in a similar spot if it moved all of Grubauer’s deal, which would bring it to $40MM in available cap room for 2026-27 with just six players to sign (as per PuckPedia)

Seattle has already begun selling off free agents, as evidenced by the Mason Marchment trade to the Blue Jackets, and is signalling that it plans to punt on this season. Murray is a pending free agent, but even if Seattle were to trade the two-time Stanley Cup Champion, it wouldn’t get much for him given his play in previous seasons and his long injury history. The Kraken’s best course of action is to try to move Grubauer for something, anything really, to clear the books and make some bigger moves next summer.

Now, teams are obviously desperate for goaltending, but that doesn’t mean Seattle can move all of Grubauer’s contract. They should be able to move half or more, but they have to do it soon, so his play doesn’t fall back to the level it was at in the last few seasons. They also need to be concerned that a team like Pittsburgh tries to move Skinner, which would further diminish Seattle’s trading partners.

The Flyers Need To Add A Goalie To Stay In The Hunt

As we push into the second half of the NHL season, we’ve seen more chatter about goaltending and the rare in-season goalie trade involving the Oilers and Penguins. While Edmonton is still in the hunt for a new backup option after acquiring Tristan Jarry, they likely aren’t the only ones looking to add depth. One team that should consider a goaltending acquisition is the Philadelphia Flyers.

At first glance, you might ask yourself why the Flyers need help. They are currently seventh-best in the NHL at limiting goals against, thanks mainly to the unbelievable play of Daniel Vladar.

He entered the holiday break with a 13-5-3 record, a .910 SV% and a 2.39 GAA. Vladar’s underlying numbers look even better, as he’s 10th in the league with 14.6 goals saved above expected (per MoneyPuck). These numbers are terrific, but there are concerns about Vladar’s longevity as he tracks to eclipse 30 starts in a season for the first time in his career.

He could surpass that mark before the end of January, starting 21 of 36 so far. The 28-year-old Vladar had been a career backup with the Flames and Bruins before this season.

He wasn’t a particularly good No. 2 option either, posting below-average numbers in almost every season of his career. He signed a somewhat surprising two-year contract with the Flyers this past summer worth $3.35MM per season. No one could have expected him to perform the way he has, which has to make one wonder whether he can carry this play throughout the season, or whether he has simply started the year on an extended heater.

The Flyers haven’t played playoff hockey since the bubble in 2020 and haven’t hosted a home playoff game since Jake Guentzel put up a four-spot against them in Game 6 of the first round in 2018. They are due for playoff action in Philadelphia, and it would be a disaster to let goaltending be their downfall, as it has been so many times before. Their hot start has them second in the Eastern Conference with a .625 points percentage, fueled by some of the league’s best defensive results at 5-on-5.

Outside of the team defense and Vladar, the bright spots are limited. Their offense ranks 24th in the NHL in goals scored. On top of that, Philadelphia doesn’t have a reliable goaltending option outside of Vladar to lean on.

Sure, Samuel Ersson has shown glimpses before. This year, in 14 games, he’s been middling with a 6-4-4 record, an .872 SV%, and a 2.96 GAA. Ersson’s numbers don’t tell the whole story, as he hasn’t played as poorly as those traditional numbers would suggest, but the Flyers need better goaltending than that if they hope to make a playoff push.

Behind Vladar and Ersson is Aleksei Kolosov, who has seen limited NHL action this season, playing just two games. Only one of those appearances was a start, and Kolosov lost it. Still, he played well overall, posting a .929 SV% and a 1.62 GAA.

It’s tough to get overly excited about Kolosov’s play, given his more conservative .900 SV% in the AHL this season. The 2021 third-rounder is still just 23 years old and has room to grow, but for a team with legitimate postseason aspirations, there isn’t a slot for him as a legitimate backup option with a starter as historically untested as Vladar.

All of that to say, the Flyers have to look outside the organization for one of two options. The first option would be to find a tandem goaltender to pair with Vladar and deploy a platoon. The other option would be to find a higher-ceiling traditional backup to play behind Vladar. This is where it could get complicated for Philadelphia, as goalie trades are notoriously tricky in-season. Still, they can be done, as evidenced by the recent Stuart Skinner-for-Jarry swap.

As for available options, there are few. If Philadelphia wants a platoon option, the only choices truly in the rumor mill have been Jordan Binnington of the St. Louis Blues or Skinner. Skinner is a less likely candidate given that the Flyers and Penguins rarely trade with one another, but moving Skinner to Philly could be a win/win for both teams.

There are some outside-the-box options for the Flyers, however. Cam Talbot of the Detroit Red Wings has been phenomenal this year, posting better numbers than partner John Gibson. But Talbot is a UFA this summer, and with Sebastian Cossa waiting in the wings, Detroit could look to move Talbot for the right price. A similar situation is unfolding in Carolina, where Brandon Bussi has effectively taken over for veteran Frederik Andersen. Depending on how generous the Flyers are willing to be in their trade offer, they could potentially pry one of those two away.

That being said, the tightness of the playoff picture in the East still makes it conceivable they’ll fall out of it entirely. They might not want to blow many future assets on a veteran netminder this year. They could look at lower-tier options as well, such as David Rittich of the New York Islanders, Elvis Merzlikins of the Columbus Blue Jackets, or even one of the Seattle Kraken’s backups, Matt Murray or Philipp Grubauer.

Merzlikins and Grubauer are two massive gambles, with term left on their contracts beyond this season, but the Flyers have cap space and could gamble on one of them returning to the form they showed earlier in their careers. While those moves might give the Philadelphia more depth, it’s probably not the best course of action for a team chasing a playoff spot. Murray could be the best fit of the bunch, but with his injury history, it would be hard to count on him regularly.

What Will Quinn Hughes’ Next Contract Look Like?

Now that the dust has settled on the Quinn Hughes trade to the Minnesota Wild and the superstar defenseman has settled into the Twin Cities, it’s fair to speculate about his future and whether it will include the Wild. Hughes is a little over 18 months away from becoming an unrestricted free agent. At a time when many superstars are taking the guaranteed money and staying put, it will be interesting to see whether he forgoes the free market for stability with the Wild. Hughes’ free agency case could be a landmark one, with so few players going to UFA and a salary cap soaring.

While the 27-year-old is a UFA on July 1, 2027, he can sign an extension in about six months. With the new CBA rules that cap the term at seven years instead of the previous eight, it could impact the term that Hughes will take. Does he lock in for the seven years early with his current team – or still eight if he signs before Sep. 15 – or will the allure of going to market convince him to accept a six-year term? The money will be there for Hughes either way, as will the term, but whether he wants to leave money on the table will be up to him.

In early October, Matt Sekeres and Blake Price discussed with Daily Faceoff’s Jeff Marek the potential for Hughes to become the NHL’s first $20MM player. Marek didn’t outright say he believed Hughes could become that player. Still, he did discuss the cascading effect of other players around the NHL coming to terms on lucrative deals, which will no doubt impact Hughes’ negotiations.

Many wondered if Connor McDavid could become the NHL’s first $20MM man, but he punted that opportunity and opted to remain in Edmonton at his current rate of $12.5MM. Hughes could make a similar move to McDavid and take a short-term deal at a discounted rate, but given that he was just traded, one has to think he won’t feel the same loyalty to the Wild that McDavid showed to the Oilers. Another wrinkle for Minnesota in getting Hughes to sign for a discount is that the Wild has already demonstrated they will pay a superstar’s market value to retain them, as they did with Kirill Kaprizov when they signed him to his massive record-setting extension earlier this year.

Given that the cascading effect is in play, there’s no greater impact than looking over at a talented teammate who got every cent they wanted and believing you should get it too. No one knows whether Hughes feels that way except himself, but with the allure of the free market and the temptation of playing with his brothers on a talented team in New Jersey, it’s hard to believe Hughes is going to leave money on the table to sign with the Wild.

That’s what makes the possibility of Hughes hitting a $20MM AAV all the more likely. The Wild gave up a ton to get the defenseman and aren’t going to let him walk for nothing. So, they have one of two choices: pay him what he wants or trade him after this season.

But who are Hughes’s comparables, and what kind of money is realistic on a long-term contract? The best comparable to Hughes is fellow defenseman Cale Makar of the Colorado Avalanche. Hughes and Makar have flipped the Norris Trophy in recent seasons as the league’s top defenseman. At this point, Makar is a step or two ahead of Hughes in terms of numbers and hardware. Makar has 470 points in 431 games, along with two Norris Trophies and a Calder Trophy, while Hughes has a single Norris Trophy and 435 points in 464 games. This also doesn’t factor in Makar’s Stanley Cup ring or his 4 Nations win this past year. Both men are slated to become free agents at the same time, which should make the parallel negotiations fascinating to watch. Outside of Makar and Hughes, there really is no comparable from a contract standpoint.

Thomas Harley of the Dallas Stars is a possibility after signing a long-term extension two months ago. Still, he isn’t nearly the contributor Hughes is and was only a restricted free agent next summer. Harley does have youth on his side, as he is just 24, but he doesn’t have a resume close to Hughes’ and isn’t in the same stratosphere offensively with just 117 points in 223 career NHL games. Harley is still a terrific player, but his $10.587MM cap hit isn’t remotely close to the number Hughes should command.

Odds are, Makar will ink his deal first, as he is pretty comfortable in Colorado and they have the cap space to make him a top offer, which should eclipse Kaprizov’s $17MM AAV if he goes for full value. As Tyler Yaremchuk and Carter Hutton discussed on DFO Live back in October, the escalating cap is going to allow guys like Makar to call their shots on their next deals. Still, there is no way to gauge whether money will be the driving force for Makar, or for Hughes, for that matter.

While Makar and Hughes will be linked by their free agency timelines and play, the similarities taper off after that. Hughes has family dynamics at play and no personal connection to his team yet. Those dynamics will be primary considerations for both players and could change the money they are ultimately willing to play for. Makar has been part of a winning environment for quite some time, while Hughes has two brothers playing on the same team and a potential path to join them in New Jersey. Makar has better career numbers than Hughes, but as we saw with Connor McDavid, loyalty, fit, family, and friendship can shave millions off a player’s cap hit. In the case of Hughes and Makar, time will tell if that happens.

Image courtesy of Matt Blewett-Imagn Images.

The Penguins Should Look Into Moving Some Veterans

The Pittsburgh Penguins are currently spiralling in freefall after the past two weeks and have gone from a comfortable playoff spot to the bottom of the Metropolitan Division. The Penguins have exhibited much of the same behaviours over the past couple of weeks that were on full display in the previous three seasons, when they missed the postseason, and they might not be ready to compete for the playoffs just yet. The difference this season in Pittsburgh is that the organization has hope in their young prospects and a ton of cap space available next summer.

The Penguins talked in the summer about going young, but in the past few weeks, they’ve injected a few veterans in favor of their young players, and the results haven’t been pretty. Pittsburgh also has several veterans on expiring contracts who don’t figure into the team’s long-term future, and given their recent stretch of play, they should begin unloading some of those veterans to bring in more young talent for their surging cupboard of futures.

Some might assume a headline like that means moving Bryan Rust, Rickard Rakell or Erik Karlsson, but quite the opposite is true. The Penguins have many capable veterans who can play in the NHL, but their age and contracts make their prospects in Pittsburgh very murky. The likes of Noel Acciari, Connor Clifton, Brett Kulak, Stuart Skinner and Anthony Mantha are five players Pittsburgh should be actively shopping to acquire assets and move a few young players up from the AHL.

That list could be much longer, as Pittsburgh has several other UFAs they could move, such as Matt Dumba, Danton Heinen, Connor Dewar, Kevin Hayes, and Ryan Shea. Dewar and Shea are likely candidates to receive extensions or, at the very least, be offered contracts to remain in Pittsburgh, as they both seem to be favorites of Penguins general manager Kyle Dubas. By contrast, Heinen and Hayes hold little to no trade value at their current levels of play. Depending on how things go for Pittsburgh and the trade market, Hayes and Heinen could find a small trade market close to the deadline.

Back to the other four players: their trade value varies widely, and, to be perfectly honest, none of them is going to carry a high price tag. But that doesn’t mean they don’t have any value. Mantha, for example, has 22 points in 33 games and has been a great offensive piece for the Penguins. He, along with Justin Brazeau and Evgeni Malkin, formed a formidable second line in Pittsburgh and was lights out when all three were healthy. That trifecta was short-lived, however, as both Brazeau and Malkin were injured for a significant stretch, and Mantha bounced between linemates. Speaking of injuries, Mantha has dealt with them in the past, including last season, when he played only a handful of games and missed much of the year. If the Penguins want to maximize the asset that is Mantha, they would be wise to move him early in the new year, unless they go on a heater over the next couple of weeks.

Mantha is 6’5” and 240 lbs, but he plays smaller than his size and has never been overly physical for a big man. He skates well for a bigger player and produces offense at a solid clip, particularly when he has skilled linemates. There should be a market for his services if the Penguins decide to move him, especially for teams that want a capable top-six forward without giving up a ton of assets.

Acciari is another forward the Penguins should seriously consider moving, as he is in the final year of his contract and carries a $2MM cap hit. Acciari has been a good soldier for the Penguins, but has been handed ridiculous deployment over his three seasons, starting nearly 90% of his shifts in the defensive zone this season. As you can imagine, his offensive numbers aren’t good, with just 25 points in 154 games as a member of the Penguins. Credit to the 34-year-old, he continues to play hard-nosed hockey and should net the Penguins a late-round pick. In 20 games this season, Acciari has a goal and five assists and has 27 hits, but he can kill penalties and provide leadership as a fourth liner on a playoff-bound team. Acciari isn’t part of the Penguins’ plans, and at this point, the Penguins might be wise to get out in front of the trade market so they aren’t left holding players after the deadline, as they were last year when they couldn’t move Matt Grzelcyk.

Kulak has been a member of the Penguins for only over a week, having arrived in the Jarry trade to make the cap hits work. He likely isn’t destined to remain in Pittsburgh, and it makes little sense for either side to reach terms on an extension. Kulak is serviceable and was actually quite good in the playoffs last year for the Edmonton Oilers. Still, the Penguins already have a ton of defense at or around Kulak’s skill level, and there was reportedly interest in him before he was traded. With the Penguins eyeing a youth movement and Kulak approaching the end of his career, the Penguins should move him and get what they can. If the goal is still to go young and build for the future, hanging onto Kulak makes little sense, especially with the team plummeting down the standings.

Then there is Skinner, who also came over in the Jarry trade from Edmonton. It’s hard to pin down what Skinner is because of his inconsistency in the NHL. People might forget, but the 27-year-old was a runner-up for the Calder Trophy in 2022-23 and was fantastic that season, but has been all over the map over the last two and a half years, which is why he was dealt from a Stanley Cup contender to a rebuilding club. He has a fantastic regular-season win-loss record (109-63-18), but his playoff numbers leave a lot to be desired (26-22). Unfortunately for him, he has been prone to gaffes and meltdowns at the worst possible times.

Now, in Pittsburgh, there doesn’t appear to be a fit, at least not on the surface. Skinner is approaching free agency, and the Penguins already have their goalie of the future in Sergey Murashov. However, the backup position is a bit of a question mark, as Arturs Silovs has struggled in his last dozen starts and may not be an NHL netminder. Pittsburgh also has youngster Joel Blomqvist waiting in the AHL, so they appear to be set for the near future.

Skinner could also have some value on the trade market, as teams are always desperate for netminding near the playoffs. Skinner has a minimal cap hit of just $2.6MM this season, which should be manageable for just about every team in the league should they want to add him. With Skinner, a lot is riding on his playing well the rest of this year. AFP Analytics projected earlier in the year that Skinner could get four years at $6.14MM per season, which seems wildly inflated after his start to the season. But being a UFA should give Skinner plenty of motivation to prove his detractors wrong, which is likely what Pittsburgh is hoping for over the next few months before the NHL Trade Deadline.

Regardless of how they do it, the Penguins can’t keep trotting out old, expensive depth players if they want to turn the corner in the rebuild. They should by no means tear down the whole roster. Still, any veteran on an expiring deal who isn’t Malkin, Dewar or Shea should be moved out for future assets so the Penguins can finally find younger, hungrier, faster depth players.

Assessing Potential Under-The-Radar Trade Candidates

After two major trades last week involving players like Quinn Hughes, Marco Rossi, Tristan Jarry, and Stuart Skinner, the trade bait boards in the media have removed several names from the potential trade list. There are still many clear candidates available for trade, including Ryan O’Reilly, Rasmus Andersson, Alex Tuch, and Yegor Chinakhov. However, beyond that initial group of obvious options, there are less obvious, under-the-radar players who might come into play as the next few months unfold.

We start with a couple of Jets players who are near the bottom of the NHL standings and have been a colossal disappointment this season. Much of their struggles are due to three-time Vezina Trophy winner (and last season’s Hart Trophy winner) Connor Hellebuyck missing three weeks after an arthroscopic knee procedure on Nov. 21.

If this slow start persists, the Jets have two veterans, Gustav Nyquist and Jonathan Toews, who could be trade targets if Winnipeg decides to punt on this season. With just six assists in 24 games, Nyquist hasn’t been a fit in Winnipeg. The 36-year-old is on a one-year deal worth $3.25MM that he signed on July 1 and is only two years removed from posting 75 points in 81 games with the Predators.

Should Winnipeg make Nyquist available, he will attract significant interest due to his veteran experience and passing skills. Make no mistake, Nyquist is somewhat one-dimensional at this stage in his career, but he can also contribute on the penalty kill and occasionally score. Last year at the trade deadline, Nashville traded Nyquist to the Wild for a second-round pick; however, his performance this season (and last year) makes that return unlikely. Nyquist doesn’t have trade protection on his current deal.

Initially, Toews’ story was an incredible demonstration of perseverance and grit in getting back to the NHL. The Jets took a chance on Toews, hoping he could regain his spot as an NHL center in their top six, or at least their top nine. That hasn’t happened so far, as Toews has struggled to keep up with today’s NHL pace, which is understandable given his health issues and the time he was away from the game.

Winnipeg misjudged how effective Toews would be, and they are now paying the price in the standings because of a significant gap in their forward group. That said, they are still in the playoff hunt, and with an intense stretch of play, they could contend again. However, if they stumble, they might consider moving Toews if he’s willing to waive his no-move clause. Since he returned home to play for the Jets, it’s unlikely they will trade him or that he will accept a deal, but if Winnipeg’s struggles persist, it could become a real possibility.

Toews has been moved to the fourth line (along with Nyquist) and has scored just three goals and six assists in 33 games this season with a -13 rating while averaging 15:33 of ice time per game. Those stats mark the worst production of Toews’ career. He’s appeared slow this year, and Winnipeg seems like a team playing in slow motion when he is on the ice. It raises the question of whether they can continue to include him in the lineup.

The Jets signed Toews to make a substantial impact in the playoffs, but if the playoffs look unlikely, it makes sense to see if they can find him a team that will qualify and receive a small return. That is, if he wishes to play elsewhere.

Sticking with the Western Conference, the Blues have also disappointed this season, after pushing the Jets to the very limit in last year’s playoffs. St. Louis is a team caught between being a playoff contender and an up-and-coming squad, and it’s fair to wonder how many veterans they might move this season. Much has been said about Jordan Kyrou, Jordan Binnington, and Brayden Schenn, all of whom are on many trade candidate lists, but one name that isn’t talked about often is forward Mathieu Joseph.

Joseph is a Stanley Cup champion who could be a reliable addition to a contending team looking to strengthen its depth. The 28-year-old has a good shot, can kill penalties, and plays with a lot of speed. He is carrying a $2.95MM cap hit in the final year of a four-year deal and won’t cost a fortune for any team aiming to improve their lineup. Joseph would also bring a bit of physicality to the bottom of a forward group, making him a strong candidate for a trade.

Switching over to the Eastern Conference, a name that emerges as a somewhat under-the-radar trade candidate is defenseman Ryan Shea. The Penguins signed Shea to a one-year NHL contract in the summer of 2023 that included a $775K guarantee, despite him having never played an NHL game up to that point.

Shea had spent three seasons in the Stars’ minor league system after captaining Northeastern University in the NCAA. The 28-year-old is once again heading for free agency next summer and was earlier projected by AFP Analytics to receive a one-year deal worth just over $1MM.

However, his performance this season (two goals and 11 assists in 33 games) has raised his value, and he could be eyeing a multi-year contract considering his age and recent form. The Penguins have over $54MM in cap space for next season (as per PuckPedia) and could easily re-sign him, but it remains uncertain whether he fits into their long-term plans given their projected window of contention. If they see him as part of their top-six forward group, he will sign and stay; if not, he should be an available trade asset before the deadline due to his $900K cap hit.

Lastly, we have Teddy Blueger of the Canucks. Blueger has played just two games this season due to a lower-body injury, but is expected to return after Christmas, making him a likely trade candidate given his upcoming free agency next summer.

Blueger is a dependable pro and a consistent presence; he is a fourth-line center, no more, no less. The 31-year-old is in the final season of a two-year deal paying him $1.8MM and is likely to get a raise if he can return to the lineup and perform at his best. Blueger has been remarkably consistent throughout his career, peaking at 28 points in a season, a number he has reached multiple times.

Blueger isn’t overly big or fast, but he is an excellent forechecker and has some offensive skills beyond goal scoring, which he isn’t particularly good at. He is a smart player both offensively and defensively, especially on the penalty kill, where he has been excellent historically.

All these factors make Blueger a prime candidate to be moved before the deadline, given his timeline and the Canucks’ plans. Vancouver is about as unpredictable as any team can be right now, but Blueger has a Stanley Cup on his resume and will be sought after by playoff-bound teams, which Vancouver is not.

Is There Any Hope For The Sabres?

The Sabres have reached a point where they could be considered contenders alongside the New York Jets and Cleveland Browns of the NFL, and the NBA’s Charlotte Hornets for the title of the saddest team in sports. Few NHL teams have caused more misery for their fans, as the Sabres once again find themselves at the bottom of the standings. It’s safe to say new general manager Jarmo Kekäläinen is walking into one of the most unenviable situations in hockey.

Buffalo has been trying to turn the corner on a rebuild that feels like it’s been ongoing forever, but it’s actually been two separate rebuilds. The team showed promise a few years ago, narrowly missing the playoffs in what has become an annual tradition—no postseason hockey in Buffalo. The last time the Sabres made the playoffs, TikTok didn’t exist, and the NHL salary cap was $59.4MM. But it’s not just the lack of playoff appearances that is heartbreaking for Sabres fans; it’s the endless cycle of futility and star players either forcing their way out or choosing to leave at their first opportunity.

It wasn’t always like this; in fact, the Sabres were a genuine threat to win the Stanley Cup after the NHL lockout in 2005. Led by Daniel Brière and Chris Drury, both of whom became NHL general managers, the Sabres were a formidable force in the Eastern Conference and captured the President’s Trophy in 2007. They eventually lost to the Senators in five games in the Eastern Conference Final. That loss effectively marked the beginning of these years of futility in Buffalo.

The summer of 2007 saw Drury sign with the Rangers as a free agent, and Brière joined the Flyers. Neither player reached the same level of success they had in Buffalo, but without those two, the Sabres have never been the same.

Many people cite the summer of 2007 as the point when everything went wrong for Buffalo, while others point to the Pegula family taking control of the team in February 2011. The losses have accumulated over the past decade and more, and not just those on the ice. Most folks probably forget, but the 2007 Sabres were a buzzsaw—a team with top-end scorers and scoring depth for miles behind Drury, Briere, and Thomas Vanek; not to mention solid defense and Miller in the net. There was a lot of hype around the team, and the energy swept the city as the Sabres went on a deep run that ultimately ended in heartbreak.

All of that has led us to today’s version of the Sabres, who have been seen as a laughingstock in the NHL for the past 13 long seasons. From poor hires to bad drafts, to regrettable signings, and lopsided trades. Combine this with the complete mishandling of a star player’s injury in Jack Eichel, and Sabres fans have endured it all, with no signs of relief in sight.

Even this year, the Sabres are tied for last in the Eastern Conference. All of this makes you wonder how long Buffalo’s current stars will want to stay and endure tough times.

Owen Power, Tage Thompson, and Rasmus Dahlin are all committed long-term to the Sabres, but Eichel was too, and we know how that turned out—with him winning a Stanley Cup with the Golden Knights. Eichel wasn’t the only young Sabres player to effectively push his way out of Buffalo.

Ryan O’Reilly didn’t force his departure, but he was traded to St. Louis in 2018, where he went on to win the Stanley Cup in 2019. Sam Reinhart wouldn’t commit to Buffalo in 2021 and was traded to the Florida Panthers, where he has won two Stanley Cups and become one of the best two-way centers in the NHL.

Just this past summer, forward JJ Peterka also wouldn’t commit long-term to the Sabres and was traded to Utah. Whether or not he wins a Cup remains to be seen, but it’s definitely a painful pattern in Buffalo.

The Reinhart situation is especially rough because the former second-overall pick wanted to stay long-term in Buffalo after his entry-level deal expired. However, it was the Sabres who chose shorter-term contracts of two and one year, and then faced a terrible 2020-21 season, after which Reinhart was the one unwilling to play through a rebuild.

It’s hard to say for sure if the Sabres are the saddest team in sports, but they’re giving the Jets, Browns, and Hornets a run for their money. Poor drafting and development, wasted money on overpaid free agents (Ville Leino), endless rebuilds, a lack of meaningful hockey, and constant management and coaching changes have created an environment of ongoing disappointment.

Is there any flicker of hope? Possibly. The Sabres have some young, talented players in Thompson, Power, and Dahlin. But they’ve been here too many times before, and Sabres fans are aware of this, yet credit to them—they keep showing up at the rink despite the increasingly bleak environment around the team. Will their core stay together? Will the team build out the depth? Or will Buffalo continue its streak of irrelevance?

These Pending UFAs Have Increased Their Stock

The 2026 UFA class had been highly anticipated for quite some time free agency even opened this year. That excitement only grew through July and August as many potential UFAs didn’t sign extensions with their current clubs. However, that feeling was quickly dampened in the fall as players like Kirill Kaprizov, Connor McDavid, and Jack Eichel began signing new contracts, taking the energy out of the 2026 free-agent frenzy. While many stars have signed new deals, a noticeable group of talented players is still set to hit the open market on July 1, 2026, with some having significantly boosted their stock after a strong start to the season.

Jack Roslovic has encountered two difficult situations in the UFA market, with the first ending in him signing a one-year, $2.8MM deal with the Carolina Hurricanes in 2024. His second attempt this past summer saw him join the Oilers for one year at $1.5MM. This year’s outcome was quite unexpected, given that Roslovic played well last season with 22 goals for Carolina, yet a multi-year deal that suited him never materialized. Roslovic was not alone this summer; defenseman Matt Grzelcyk also couldn’t secure a multi-year contract that met his expectations, despite having a career-best season last year in Pittsburgh.

This summer, however, Roslovic seems to be positioning himself for a multi-year deal that has eluded him. Injuries could affect his market value, but through 23 games in Edmonton this season, the 28-year-old has scored 10 goals and added eight assists. He’s also averaging over three more minutes of ice time per game compared to his career average. These impressive stats could spark a bidding war for his services if he stays healthy and maintains his current level of performance for the remainder of the season.

Nick Schmaltz is another forward whose performance this season has increased his value. The 29-year-old has 30 points (12 goals and 18 assists) in 34 games, and he will likely exceed his current $5.85MM cap hit when he signs his next contract next summer. Schmaltz’s impending free agency puts the Utah Mammoth in a tough spot, as Schmaltz has recorded back-to-back 60+ point seasons and is on track to do so again, which could raise his next cap hit to around $9MM annually.

The Mammoth might not want to commit to that kind of deal for Schmaltz, which means they will either trade him before the trade deadline or let him walk for nothing at the end of the year. Utah reportedly held trade talks for Schmaltz last summer, and it doesn’t seem likely that a deal will be finalized soon, meaning Schmaltz might enter the open market at the best possible time.

Another forward whose future remains uncertain is Alex Tuch of the Buffalo Sabres. Tuch has scored 11 goals and 17 assists in 31 games and initiated contract talks at the beginning of the season, which puts the Sabres in a difficult position. The Sabres find themselves in a familiar spot at the bottom of the standings, and while Tuch has done his part, the team appears to be heading nowhere. If Tuch continues at his current pace, his value will only increase, which might be what the Sabres want if they plan to trade the Syracuse, New York native.

Two veterans nearing the end of their careers are Evgeni Malkin of the Pittsburgh Penguins and Artemi Panarin of the New York Rangers. Both entered this season with significant questions about their futures, and so far they’ve performed well, raising even more questions about what lies ahead for them.

Evgeni Malkin seems to have no interest in playing anywhere in the NHL other than Pittsburgh. This could lead to some interesting contract negotiations after the season if he maintains his current level of play. Malkin is in the final season of a four-year, $24.4MM contract he signed in the summer of 2022. Many believed last summer that the 2025-26 season could be Malkin’s last in the NHL and possibly his final season as a player at all. However, with the 39-year-old experiencing a significant resurgence this season with eight goals and 21 assists in 26 games, there’s a chance he continues playing, especially if Pittsburgh remains competitive and has a role for him moving forward. Nobody could have predicted that the Penguins would start the season as they have. With more young players emerging and an incredible amount of cap space next summer, the short-term future for Pittsburgh actually looks quite promising. It seemed unlikely that Malkin would receive a contract offer from Pittsburgh next summer, but now it seems like a real possibility he returns, assuming he can maintain his current work rate.

For Panarin, it’s not so much his play this season that has raised his profile, but rather the better options being taken off the table next summer. With many of the top pending UFAs now tied up in extensions, Panarin has risen on the list as one of the best offensive options available. The 34-year-old, for his part, remains a point-per-game player with 11 goals and 22 assists in 33 games, which should attract a healthy market despite his age by NHL standards. AFP Analytics is projecting a four-year, $41MM deal for Panarin, which, considering market conditions and his performance, looks pretty feasible.

On defense, arguably the top available player is Rasmus Andersson of the Calgary Flames. Andersson had a tough year last season but has bounced back in 2025-26, which should give him a strong market if and when he hits free agency. The Flames have started poorly this year, opening up the possibility that Andersson becomes a key trade piece before the NHL Trade Deadline, giving him a chance to play meaningful hockey in the spring if he joins a contender. The 29-year-old has been used in more defensive roles this season but has still managed 22 points in 33 games, after recording just 31 points in 81 games last season. If Andersson maintains this offensive level, his cap hit could rise closer to $9MM a season on his next contract, likely the last major deal of his career. Some teams might hesitate because of his less successful past seasons, but for now, Andersson is hitting his stride at just the right moment.

A couple of honorable mentions to round things out include forwards Victor Olofsson, Jaden Schwartz, and Kiefer Sherwood. Olofsson signed his second straight one-year “prove it” contract this summer, signing with the Colorado Avalanche for a $1.575MM AAV. Since then, Olofsson has been a steady performer for the Avalanche, recording seven goals and 12 assists in 32 games. AFP Analytics projects a three-year deal at $3.41MM per year, which would be a nice bump for the 30-year-old.

A year ago, Schwartz looked like a player who would need to accept a significant pay cut when his current contract ends. The 33-year-old is currently earning a $5.5MM AAV in the final year of a five-year deal. After scoring 49 points last season, Schwartz is on pace for a 65-point season this year, which would be a career best. Considering that level of production, AFP is predicting a two-year deal worth just under $10.8MM, which would be a slight decrease from his next contract but not the huge drop expected a year ago.

Sherwood has become a bit of a goal scorer since joining the Vancouver Canucks in the summer of 2024 as a free agent. He is on track to surpass 20 goals for the first time in his NHL career (after posting 19 a year ago), and the timing could not be better since he is expected to hit the open market next summer. His lack of long-term NHL experience may somewhat limit Sherwood’s market value, as he was a late bloomer, becoming a full-time NHLer at the age of 28. He has just one season with more than thirty points (last year), but if he can do that again, he should still attract a team willing to offer a multi-year deal at an AAV that might surprise some people.

These Summer Signings Already Look Like Trouble

NHL free agency often results in some big misses, and this past summer was no exception. Even though we’re only two months into the regular season, it’s already clear that some of the contracts teams signed could turn out to be disasters, and for some, it was obvious from the start. Let’s take an early look at a few contracts that might not age well.

When Cody Ceci signed his four-year, $18MM contract on July 1, there was real sticker shock across the league. It was a significant overpay, destined to be a poor contract from day one.

Now, after 29 games, Ceci has one goal and five assists, averaging 17:39 of ice time per game while playing a third-pairing role at even strength. Ceci ranks 516th out of 554 players in the NHL in on-ice goal share for those who’ve played over 200 minutes at 5-on-5 at 34.5%.

The tricky part for Kings fans is that this was quite predictable from the moment the contract was signed, but there was a silver lining in the potential for Ceci to provide some physicality on the back end. However, that hasn’t been the case this year, as Ceci has managed just 15 hits in 29 games.

Ceci will turn 32 later this month, and there’s no upside to his game at this stage. With three years remaining on the deal after this season, the contract might even become a buyout candidate before it expires.

Trent Frederic signed one of the more surprising deals this past summer, agreeing to an eight-year extension worth $3.85MM per season after the Oilers picked him up from the Bruins at last year’s trade deadline. While the AAV is a bit high for what he offers, the length of the deal is also extraordinary.

Two months into the contract, it looks like a miss. Frederic has only two goals in 28 games this season and has been a burden to everyone he plays with.

The 27-year-old was never expected to live up to his contract fully, but in previous seasons, he showed some goal-scoring ability and contributed other intangible qualities. While he’s still tallying 68 hits this year, he’s doing so with virtually no other positive impact, making it hard to believe that he once produced 40 points in a season.

In 51 games as a member of the Oilers (29 regular-season games and 22 playoff games), Frederic has scored three goals and three assists. This, of course, dates back to last season, but it’s hard to understand that the Oilers saw what they saw at the end of last season and decided to sign him up for another eight years.

In fairness to the Oilers, Frederic was dealing with a high ankle sprain last season, which is notoriously tricky to play through and can have effects lasting a year – a silver lining if you’re Edmonton. Maybe Frederic is still battling a nagging injury and isn’t able to play as well as he did in some of his earlier seasons in Boston. Time will tell, but for the Oilers and their fans, Frederic’s recent play is concerning.

Next, there’s goaltender Ville Husso of the Ducks – or more often, their AHL affiliate in San Diego. Anaheim general manager Pat Verbeek decided to keep Husso around last summer with a two-year, $4.4MM contract extension.

The deal didn’t make much sense at the time, as the Ducks already had Lukáš Dostál in the fold, and they signed Husso the day after trading John Gibson to the Red Wings for a package including Petr Mrázek. Some thought Husso might be the backup, and that Mrazek could be moved, but so far, he remains, and Husso has had limited NHL action.

Mrázek effectively moved into the backup spot ahead of Husso, which somewhat undermines the reason for re-signing the 30-year-old. Husso is a well-paid third-string goaltender for the Ducks, and there’s a reasonable case that he’s an average third-stringer at best.

In six NHL games this season, Husso has a 4-2-0 record with a 2.82 GAA and a .875 SV%. His numbers are noticeably better in the AHL with a 6-4-3 record, a 2.49 GAA, and a .908 SV%. However, he’s earning $2.2MM this season, a higher AAV than high-end veteran No. 2 options like Jake Allen, Jonathan Quick, and Scott Wedgewood.

Husso’s deal came shortly after a solid four-game audition in Anaheim at the end of last season, and it’s hard to imagine Verbeek was envisioning Husso as a tweener. The deal was likely made to provide Anaheim with a backup so they could trade Mrázek, but unfortunately, they couldn’t move him. Even if that was the case, Husso’s deal was a stretch, and while it isn’t overly restrictive to the salary cap, it’s a bad contract to hand out.

A couple of other deals that might not work out well are the Ryan Lindgren contract with the Kraken and Brian Dumoulin’s agreement with the Kings. Lindgren signed for four years and $18MM in the summer and has contributed nothing offensively (three assists in 25 games) for the Kraken and hasn’t been physical at all, with just 14 hits.

Lindgren was a massive drain on whoever he played with last season, giving Rangers defenseman Adam Fox all kinds of problems. However, it wasn’t that long ago that Lindgren was a top-pairing defenseman in New York, and if he ever got back to that level, he would be worth the money. But his play has been this way for over a year now, and it might just be the player he is now.

The Dumoulin deal in Los Angeles, like the Ceci one, was a head-scratcher. There was a time when Dumoulin was a legitimate top-pairing defenseman who had a great first pass, excellent gap control, and elite defensive awareness.

However, his body has slowed over time, and that terrific skating has become a liability, preventing him from getting space for his good breakout passes or closing gaps. Dumoulin has been fine this season for the Kings, but the deal has another two and a half years remaining and is unlikely to age well.

Erik Karlsson Is Playing His Best Hockey In Years

When the Penguins acquired defenseman Erik Karlsson from the  Sharks in August 2023, they envisioned him giving their big three (Sidney Crosby, Evgeni Malkin, and Kris Letang) one last push for a playoff run. Two and a third years into the experiment, the results haven’t been promising, as Pittsburgh missed the playoffs in back-to-back seasons and has entered into a rebuild — or at least, that’s what they believed.

However, Karlsson and the big three have the Penguins in contention for a playoff spot some 26 games into the season, in a year when they expected to be one of the worst teams in the league. Karlsson is nowhere near the offensive producer he was during the 2022-23 season when he won the Norris Trophy and registered 101 points, but he has been in good form this year and has provided Pittsburgh with more of a two-way presence on their back end.

When Pittsburgh started the season, the left side of their defense looked like a black hole because they had very little depth at that position, and it was expected to be the team’s Achilles’ heel. Fortunately for Pittsburgh, recent signee free agent Parker Wotherspoon stepped up and claimed one of the spots in the top six.

Not long after, Wotherspoon was paired with Karlsson, and together they have become Pittsburgh’s top defensive pairing. There were no expectations for Karlsson or Wotherspoon this season. Still, under the guidance of first-year head coach Dan Muse, Karlsson appears to be a completely different player, and Wotherspoon has become a meaningful NHL defenseman for the first time in his short professional career.

Using the eye test, Karlsson looks like a different player compared to the past two seasons. He is playing a more focused defensive game and has shown more defensive awareness than he has in a long time. His skating in the defensive zone has been effective in recovering to get back into position, closing gaps, and, along with his instincts, breaking up plays.

On the offensive side, Karlsson remains a fantastic playmaker, still demonstrating the elite vision that has helped him win three Norris Trophies. Even if his goal-scoring isn’t what it once was, he is still an elite offensive player who could be ready to break out.

Even if his offensive stats hover around 55 to 60 points, which is about where they are this season (one goal and 17 assists in 26 games), Karlsson’s play away from the puck makes his lower offensive totals easier to accept. In fact, Karlsson and Wotherspoon have not only formed a solid defensive pairing, but they have also been highly effective at killing penalties and are Pittsburgh’s most-used defensive duo when shorthanded. Their even-strength play has been strong as well, with Karlsson and Wotherspoon limiting high-danger scoring chances, demonstrating a defensive awareness rarely seen in Karlsson’s game.

Karlsson appears more comfortable on the ice, playing loose and fast, a stark contrast to the last few years, when the 35-year-old seemed as though Father Time had caught up with him. A perfect example is this past Monday in a game against the Flyers.

With the game tied 1-1, Karlsson collects the puck, bursts out from behind his own net, skates straight to the middle of the ice in the offensive zone and drives right at the two Flyers defenders. He then cuts to the right and makes a tape-to-tape cross-ice pass to Bryan Rust, who spots the trailer (Crosby) for a one-timer that ends up in the back of Philadelphia’s net. It’s a goal that Karlsson didn’t start a year or two ago, and it highlights the change in his work rate.

It also makes one wonder where Karlsson and the Penguins will finish this season. It might even be better if not for a significant injury bug that swept through the room at the start of November, bringing down Noel Acciari, Rickard Rakell, and Justin Brazeau, among others. The injuries effectively removed one forward from each line and put the Penguins in a position where their depth was tested in November, and quite frankly, they don’t have much depth.

You could argue that Karlsson has been lucky, and that some of his mistakes are being offset by Wotherspoon’s consistent performance and the efforts of his goalies. This idea is valid, as Karlsson and Wotherspoon have been on the ice together for 14 goals for and 10 goals against (a 58.3% goals share) while their expected goals share is just 47.3%, with projections of 15.1 goals scored and 16.8 goals conceded (all numbers via MoneyPuck). These data points do tell a story, and there might be some truth to Karlsson being fortunate, but they don’t reflect Karlsson’s own defensive contributions, which have been excellent this year compared to previous seasons.

Speaking of the Penguins’ goaltending, there is a case to be made that many of the Penguins’ shortcomings as a team have been masked by the exceptional goaltending they’ve received so far. Tristan Jarry has been excellent to start the year, with a goals saved above expected of 8.2, and Arturs Silovs has also been good with a 2.5 goals saved above expected (all numbers courtesy of MoneyPuck). That kind of goaltending can’t be expected to continue for the rest of the year, especially in Jarry’s case, who has a history of struggling in the second half of the season. But, for now, it’s a significant reason that Pittsburgh is in contention for the postseason, along with the play of Karlsson and other veterans.

A consistent feature of Pittsburgh this year has been its veteran stars, including Karlsson. He’s remained a dependable presence for the team and could step up further as the season approaches the Olympics. Karlsson is clearly driven by something, and the Olympics are as good an assumption as any.

There is also the possibility that Karlsson understands the situation he’s in. Karlsson was expected to be traded in the summer, but that never happened, which means he might be stuck in Pittsburgh until next year or until his contract expires at the end of the 2027 season. The Penguins will likely make moves next summer to speed up their rebuild—Josh Yohe of The Athletic has repeatedly expressed this belief. Looking at the mix of young prospects and veterans still playing at a high level, it all makes sense. Pittsburgh isn’t a Stanley Cup contender right now and probably won’t be for a few more years. However, with the 2025 draft selections that they made and a potential superstar goalie in Sergey Murashov, that timeline could shift very soon.

If Karlsson stays with the team next season, it could be his best opportunity to chase a Stanley Cup. Even if he doesn’t, there will be motivation to extend his career beyond the 2026-27 season, and factors like money and his choice of destination will also serve as strong motivators. 

Photo by Charles LeClaire-Imagn Images