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Carolina Hurricanes Acquire Jesse Puljujarvi

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The Jesse Puljujarvi saga in Edmonton is ending. The Carolina Hurricanes have acquired Puljujarvi from the Oilers today, after months (if not years) of trade speculation. The rights to Patrik Puistola are going back to Edmonton in the trade, and the Oilers will not be retaining any of Puljujarvi’s contract.

This ends a long, disappointing tenure for Puljujarvi in Edmonton, starting the moment they selected him fourth overall in 2016. Despite his size, speed, and relative success in the Finnish professional league, he was completely overwhelmed when he entered the NHL in 2016-17. Bouncing up and down between the NHL and AHL hindered his development, and a few years later, Puljujarvi had enough.

In 2019-20, when his entry-level deal expired, he refused to sign a contract with the Oilers and asked for a trade. He would return to Finland to play for the entire season, once again finding great success in a more offensive role back home.

Upon returning to Edmonton the following year, Puljujarvi turned in a relatively good performance, scoring 15 goals and 25 points in 55 games. But his game had inconsistent swings in production, and it was hard to know exactly where his place on the Oilers really was.

Now, with Edmonton looking to make a big splash at the deadline but pushed right up against the salary cap ceiling, Puljujarvi needed to go. His $3MM will come off the books, meaning the team can add something significant in the coming days.

Puistola, 22, may never actually play for the Oilers. The 2019 third-round pick is unsigned and would need a contract by June 1, or his exclusive draft rights will expire. That gives Edmonton a few months to work something out with the young forward, who scored 38 points in 56 games with Jukurit in Finland this season.

In Carolina, Puljujarvi should feel a little more at home. The Hurricanes’ roster is filled with Finnish players, including 2016 World Junior teammate Sebastian Aho. There’s a real chance that he finally shows some of the offensive potential that has been locked up for so long, though that is by no means guaranteed after so many tumultuous development years.

At the very least, Puljujarvi—who has some very good underlying defensive and possession metrics—will add another big-bodied forward to the Hurricanes attack, and lengthen their forward depth chart even further. The injury to Max Pacioretty gave Carolina some wiggle room in terms of cap space, and they’ve used it to take a swing on a move that could still pay huge dividends down the road.

Puljujarvi is still scheduled for restricted free agency at the end of the year, and would be due a $3MM qualifying offer. Given the money coming off the books in Carolina, there’s no reason why they would be afraid of that number, meaning they could get a longer look at Puljujarvi with a long-term commitment if finds a fit down the stretch.

It is a disappointing outcome for another high pick in Edmonton, but fans will quickly forget the sacrifice if they can turn this cap space into a difference-maker at the deadline.

Pierre LeBrun of The Athletic broke news of the deal on Twitter.

Photo courtesy of USA Today Sports Images

West Notes: Karlsson, Chychrun, McDonough

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With Timo Meier already out the door, many have wondered if even more big changes will be coming to the San Jose Sharks before Friday’s trade deadline. More specifically, many have wondered if two-time Norris Trophy winner and leading defensive scorer Erik Karlsson could be traded. According to Karlsson himself, it doesn’t seem like that’s going to be a possibility. In speaking to The Athletic’s Corey Masisiak, Karlsson said “it would be weird” if Sharks GM Mike Grier asked him to waive his no-trade clause just a few days before the deadline, indicating that it would be a complete shock at this point if he were dealt in the next few days.

While the 32-year-old has had a vintage season (he’s on pace to score 105 points) Karlsson’s $11.5MM cap hit through the 2026-27 season has seemingly presented a significant obstacle toward finding an agreeable trade. The Edmonton Oilers have been widely rumored as having had interest in acquiring Karlsson, only for any trade talks to stall once the issue of retained salary came under the microscope. Despite his stellar play, it could be the Sharks’ reported unwillingness to retain a major chunk of Karlsson’s average annual salary (more than $1-2MM per year) that has thrown a wrench in any blockbuster mid-season deal happening.

  • With Karlsson seemingly off the market, the top defenseman on the market before Friday’s deadline is widely considered to be Arizona Coyotes blueliner Jakob Chychrun. The Fourth Period’s David Pagnotta issued an update on Chychrun’s status, tweeting that trade “talk has picked up,” although no trade is expected to be imminent. He also adds that the Washington Capitals, Los Angeles Kings, and Carolina Hurricanes are “three of the teams very much in the mix” to acquire Chychrun.
  • Northeastern University captain Aidan McDonough has had a strong senior season for the Huskies, scoring 36 points in 31 games, and is nearing a significant decision regarding his professional career. He’ll have the ability to choose his pro destination this summer and could potentially sign with a different team besides the Vancouver Canucks, the club that selected him 195th overall at the 2019 draft. Per CHEK’s Rick Dhaliwal, McDonough “is still very open to signing in VAN,” and his ultimate decision is “not far away.” It’s likely that quite a few teams would be interested in adding McDonough, so should Vancouver get him it would be a quality addition to their prospect system.

Hurricanes Reportedly Out On TImo Meier

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LeBrun does note that the situation remains fluid, meaning nothing is final until trade calls have been made to the league and the paperwork has been filed, but it does seem as though those two teams are the final two in the mix for Meier, and that the Carolina Hurricanes have been eliminated from consideration.

These reports should not come as a major surprise, as yesterday we covered reports that the Devils were leading the pack in the chase for Meier. But today’s news that the Hurricanes are out of the running for Meier does come as a major development.

The Hurricanes have been active in the chase of a scoring winger ever since Max Pacioretty was lost for the season with another Achilles injury, and Meier was viewed as one of their top targets not only for his skills but also due to how well his age fits in with the Hurricanes’ other star players.

In addition to seeking scoring help, Daily Faceoff’s Frank Seravalli reports that the Hurricanes have made calls in recent days looking to acquire a left-shot defenseman as well, presumably to find an upgrade for their third pairing.

Carolina Hurricanes Linked To Craig Smith

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  • While the Carolina Hurricanes have been very publically linked to San Jose Sharks forward Timo Meier, that may not be the only move they make before the March 3 deadline. With more cap space available than a standard contender, Sportsnet’s Elliotte Friedman believes they’ve spoken to the Boston Bruins about winger Craig Smith. Smith’s offensive numbers have taken a nosedive this season, recording just 10 points in 42 games in the final year of a contract carrying a $3.1MM cap hit. With Boston looking to offload salary to make other deadline moves, Smith could provide an added veteran presence in a Carolina bottom-six. Boston would likely compensate them for taking the contract off their hands. Carolina is a rare contender with a favorable salary cap situation, as they still have over $10MM in potential deadline cap space.

Hurricanes, Oilers Have Discussed Jesse Puljujarvi Trade

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Earlier this week, the Oilers opted to drop down to a minimum-sized roster in order to get cap-compliant to activate winger Kailer Yamamoto from LTIR.  As luck would have it, the flu bug hit the team for yesterday’s game against the Rangers and the team wound up playing short a player as Klim Kostin was unable to suit up.  That’s not a viable situation for a playoff contender to have to navigate through for another couple of months before the season comes to an end so there has been an expectation that they will open up some cap space.

Jesse Puljujarvi has been widely speculated as the eventual cap casualty but, for the time being, they haven’t found a trade that works for them.  However, Sportsnet’s Mark Spector reports that there is a belief that the Hurricanes have indicated that they are willing to move winger Ondrej Kase (currently on LTIR with a concussion) to Edmonton for Puljujarvi but only after the Finnish winger has cleared waivers.  That would allow Carolina to shuffle him back and forth between the AHL if needed while seeing if a change of scenery could help get him going.

It has been quite a fall for the 24-year-old who was the fourth-overall pick in 2016 but hasn’t come close to living up to his draft billing.  This season, Puljujarvi has been quite limited offensively, scoring just five goals along with seven assists in 53 games, hardly the type of production they were expecting after he posted 36 points in 65 contests just last season.  It’s also hardly the type of return they were hoping for from someone carrying a $3MM cap hit.

Clearly, GM Ken Holland still believes he can salvage some sort of positive value for Puljujarvi as otherwise, he likely would have hit the waiver wire already.  If he was to be claimed, they’d free up the full $3MM in cap room and if not, the proposed swap with Carolina would open up $1.5MM in regular cap room and $1.5MM (Kase’s cap hit) in their LTIR pool.  While that wouldn’t be a great return by any stretch, it would certainly give them a bit more flexibility to work with as they either look to add a piece by the March 3rd trade deadline or to bring someone back up from AHL Bakersfield to avoid having to play short a player as they did last night.  We’ll find out soon enough if Holland is able to find a better option for Puljujarvi than this one.

Carolina Hurricanes Not Willing To Trade Alexander Nikishin

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Get ready for another mid-round pick by the Carolina Hurricanes to become an impact player at the NHL level. Over the years, the team has made a habit of picking the right defender outside the first round, even if some call it a crap shoot at that point.

Brian Dumoulin was 51st overall in 2009. Justin Faulk 37th in 2010. Jaccob Slavin 120th in 2012. Brett Pesce 66th in 2013. Now, they believe they’ve found another.

In Pierre LeBrun’s latest piece for The Athletic, he mentions that the Hurricanes have made it clear in trade talks that Alexander Nikishin is off the table. The insider notes that Carolina sees a “big future” in mind for Nikishin.

Selected 69th overall in 2020, Nikishin was already playing in the KHL at the time. But when they picked him, he had scored just three points at that level and hadn’t really been dominant in junior. The following year was much the same, with just five points in 20 KHL games, but things changed suddenly.

In 2022 he was surprisingly chosen for the Russian Olympic roster. This year, after a transfer to powerhouse program SKA St. Petersburg, he leads all defensemen in scoring by a mile. His 51 points in 62 games put him tenth in the league, just four points behind league leader Dimitrj Jaskin.

Nikishin’s contract in Russia expires at the end of this season, meaning he could sign an entry-level deal with the Hurricanes. Even if his impact can’t be felt right away, the Hurricanes may have found someone to help take over some of the responsibility down the road. None of the team’s defenders are signed past 2024-25, with Pesce, Jalen Chatfield, and Brady Skjei scheduled for unrestricted free agency after next season.

As much as they may want to upgrade the roster right now, Nikishin is apparently too valuable to lose.

Carolina Hurricanes Interest In Timo Meier Doesn't Hinge On Extension

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The latest edition of TSN’s Insider Trading saw analysts such as Pierre LeBrun and Chris Johnston discuss some of the highest-profile names available on the market ahead of the trade deadline. One of those is San Jose Sharks forward Timo Meier, and LeBrun gave significant updates on the two apparent frontrunners for his services: the New Jersey Devils and Carolina Hurricanes.

For the Hurricanes, it’s the opposite. LeBrun called them the more “open-minded” of the two front-runners, as they reportedly don’t need an extension worked out as part of the trade.

More Teams Showing Interest In Patrick Kane

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With Vladimir Tarasenko now off the market following his trade earlier this week, Blackhawks winger Patrick Kane is starting to generate more attention.  Earlier this week, he was linked to the Stars and the Rangers (with New York likely out of the picture now following the Tarasenko deal).  Three more teams have been added to that mix as Scott Powers and Mark Lazerus of The Athletic report (subscription link) that the Hurricanes, Wild, and Golden Knights have confirmed interest in the veteran.

Of course, it must also be noted that Kane might not necessarily have interest in any of those teams.  The 34-year-old has a full no-move clause in his deal and if he decides that he’s willing to waive it, it’s expected that the shortlist of options he’d provide Chicago with would be quite small, not unlike what happened with Claude Giroux last season when he okayed a trade from Philadelphia.

Carolina, Minnesota, and Vegas all have a fair amount of cap space which presents an opportunity where they might not need a third team to be involved to retain an extra 25% of the $10.5MM contract, assuming Chicago retains 50% as expected.  For the Hurricanes, Max Pacioretty’s season-ending Achilles injury opened up $7MM in LTIR room while the Golden Knights have plenty of room (at least for the time being) with Mark Stone and his $9.5MM eligible for LTIR; he hasn’t been placed there just yet.  Meanwhile, Minnesota has banked enough cap space (per CapFriendly) that they could absorb Kane’s contract outright.

What’s notable about these suitors – including Dallas from earlier – is that all of them project to be short-term options only for Kane.  With their existing commitments for next season, there’s basically no way they could afford the 16-year veteran at market value.  Would Kane want to go somewhere as a strict rental and then hit the open market in July or might his preference be to land with a team that has the intention to keep him for 2023-24 and beyond?  That will certainly be a question he ponders over the next couple of weeks before notifying Chicago of his intentions.

Trade Deadline Primer: Carolina Hurricanes

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With the All-Star break now behind us, the trade deadline looms large and is less than a month away. Where does each team stand, and what moves should they be looking to make? We continue our look around the league with the Carolina Hurricanes.

After narrowly losing in the second round of the playoffs to the Rangers last season, the Hurricanes made a pair of key veteran additions over the summer to look to cement themselves as a contender.  One of those players (Max Pacioretty) is now out for the season but that actually opens up some different opportunities for them to consider from a salary cap perspective with the veteran’s $7MM AAV now on LTIR.

Heading into action tonight, Carolina sits first in the Metropolitan Division and second in the Eastern Conference.  Accordingly, it’s not a matter of if they make a move but rather when they make it.

Record

34-9-8, 1st in the Metropolitan

Deadline Status

Buyer

Deadline Cap Space

$10.16MM in LTIR relief, 1/3 retention slots used, 45/50 contracts used, per CapFriendly.

Upcoming Draft Picks

2023: CAR 1st, CAR 2nd, CAR/PHI 3rd*, CAR 4th, CAR 5th, VAN 5th, CAR 6th, CHI 6th, CAR 7th
2024: CAR 1st, CAR 2nd, PHI 2nd, CAR 3rd, CAR 4th, CAR 5th, CAR 6th, CAR 7th

*-Carolina will keep the lower pick between the two

Trade Chips

While they’ll be a buyer, that isn’t to say that Carolina can’t sell as well.  With Frederik Andersen returning to the lineup just before the All-Star break and Pyotr Kochetkov back in the minors, it’s possible that they could look to move Antti Raanta and take advantage of what could be a light goalie trade market.  The pending unrestricted free agent has a very manageable cap hit of $2MM and has a nice 2.46 GAA in 19 games this season, almost identical to his output from 2021-22.  Such a move would come with some risk given Andersen’s injury history but if they’re able to get a decent asset for the veteran netminder, it might make it easier to part with one of their other trade chips.

One other roster player that seems like a reasonable candidate to move is Dylan Coghlan.  The defenseman was the sweetener that Vegas attached for them to take on Pacioretty’s contract and after playing in 59 games with the Golden Knights the year before, it felt like he’d be a useful depth piece.  However, the 24-year-old has only played in 16 games and has been a healthy scratch the rest of the way.  A pending restricted free agent, Coghlan’s $762.5K cap hit is easy for just about any team to absorb and chances are that some selling squads might want to take a look at him for the stretch run.

From there, they’ll turn to their futures pool of picks and prospects.  On the latter front, Jack Drury is likely to be of some interest.  The center has gotten his feet wet with Carolina this season, suiting up in 21 games and while he hasn’t produced much (just two assists), he’s only a year removed from putting up 52 points with AHL Chicago.  There’s some offensive upside to work with potentially.  2019 first-round pick Ryan Suzuki has yet to see NHL action and is in the midst of another injury-shortened season, playing in just 20 games with the Wolves so far.  Noel Gunler slid a bit further than expected in the 2021 draft, lasting into the second round.  His first full season in North America has gone well and his stock should be fairly high as a result.

Defensively, Scott Morrow will get some attention.  The 21-year-old is having another strong season at UMass and is getting relatively close to being NHL-ready.  That type of profile is always enticing to sellers.  Dominick Fensore is certainly an undersized blueliner (5’7) but he has had some success at Boston University.  He’s in his senior year and isn’t a lock to get a contract from Carolina.  If another team wants him, Fensore could be a secondary part of a swap.  Joey Keane’s rights might also be of small interest; after a decent showing on his entry-level deal, he somewhat surprisingly opted to play in the KHL this season where he has done relatively well.

Other Potential Trade Chips: F Dominik Bokk, F Patrik Puistola, F Justin Robidas

Team Needs

1) Top-Six Forward: While Pacioretty’s injury opens up some LTIR room, it also opened up a sizable hole in their top six to try to fill.  Carolina generally hasn’t favored going the rental route so it shouldn’t come as much surprise that Pierre LeBrun linked them to San Jose’s Timo Meier in TSN’s latest Insider Trading segment (video link).  That forward could also be a center with Martin Necas being more of a winger and the trio of Jesperi Kotkaniemi, Jordan Staal, and Paul Stastny not really being suited for top-six duty.

2) Playable Defensive Depth: It seems evident that there isn’t much faith in Coghlan when the team is fully healthy.  Finding a defender (or even two) that they’d be more comfortable using when injuries arise or to spell Calvin de Haan or Jalen Chatfield would be worthwhile.

Photo courtesy of USA Today Sports Images.

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