Wild Make Several Roster Moves
Feb. 22: Gleason and Katchouk have now been returned to Iowa as well, per a team announcement.
Feb. 20: The Wild announced they’ve reassigned Kiersted to Iowa. Katchouk and Gleason remain with the club for now.
Feb. 18: The Wild announced they’ve recalled forward Boris Katchouk and defensemen Ben Gleason and Matt Kiersted from AHL Iowa. All will likely be on their way back to Iowa once Minnesota’s Olympians return stateside.
Katchouk started the season with the Lightning, kicking off his second stint with the team that drafted him 44th overall in 2016 by signing a two-way deal in free agency. All three of his NHL appearances this season – his first in two years – came in a Tampa sweater back in November. He went pointless while averaging 12:11 of ice time per game, going 7-for-19 (36.8%) on faceoffs.
After being returned to the minors, Katchouk remained in the Bolts organization for a month before being sent to the Wild in exchange for Michael Milne shortly after Christmas. The Wild were looking to jumpstart their AHL affiliate’s hapless offense with Katchouk’s veteran presence and 179 games of NHL experience, but it hasn’t worked out that way. An injury kept Katchouk out of the lineup for nearly a month in January, and he’s been limited to a goal and an assist in five games for Iowa as a result.
Gleason and Kiersted are also in their first years in the organization, although both of them arrived in free agency last summer rather than via trade. Gleason, 28 next month, hasn’t played in the NHL since his four-game debut with the Stars in 2018-19 but has been a desirable minor-league asset for the past eight years thanks to his steady two-way game. The cousin of longtime Hurricanes rearguard Tim Gleason has one goal and 17 points with a -16 rating in 44 outings for Iowa, tied for sixth on the team in scoring and second among blue-liners.
Kiersted is the only one of the group to see NHL time for the Wild this season. He’s suited up four times as an injury fill-in, posting one assist and a -1 rating with five blocks while averaging 13:42 of ice time per game. The Minnesota native hasn’t had much of an offensive impact on the farm, though, only notching six points and a -7 rating through 31 games.
Wild Recall David Spacek
Fresh off playing for Czechia at the Olympics, defenseman David Spacek is getting his next NHL opportunity. The Wild announced that they’ve recalled the blueliner from AHL Iowa.
It’s already the fourth recall of the season for the 23-year-old. However, he didn’t see any action in his first two stints although he was able to make a pair of appearances for Minnesota last month, his first games at the top level. He recorded a pair of blocked shots over a total of 21:30 of playing time.
Spacek, a fifth-round pick back in 2022, has played in 37 games in the minors this season. He has been productive offensively in those outings, picking four goals and 16 assists. His assist total leads all Iowa players while his 20 points pace the way among their defensemen. Spacek also suited up in five games at the Olympics, recording an assist while playing 14:33 per game.
With Spacek’s addition to the roster, Minnesota’s roster now stands at the maximum of 23 players.
The Danger Of Signing Goalies To Lucrative Contracts
The New York Rangers and Vancouver Canucks are two of the NHL’s worst teams this season and are both on the verge of massive roster changes. While both teams face unique challenges, one parallel is that they’ve made a mess of their goaltending finances with pricey extensions that were miscalculations.
The Rangers and Canucks are far from alone in this predicament. High-priced extensions have also burned several other teams at the bottom of the standings, leaving them with goaltenders who had been performing well but whose play fell off a cliff after signing their new deals.
That isn’t necessarily the case for Shesterkin, however, it is the case for Linus Ullmark of the Ottawa Senators, Juuse Saros of the Nashville Predators, and Jacob Markstrom of the New Jersey Devils, who are all making big money on recent contract extensions, with no guarantees their play will turn around. This has left three teams with win-now rosters featuring goaltenders who are vastly overpaid.
It’s become a trend over the past five-plus years that teams signing goaltenders to expensive deals must be seriously concerned about their performance throughout the term of the agreement.
There is concern about every player’s performance after they sign a lucrative long-term deal. However, goaltenders have become a unique cause for concern lately, and it’s hard to say why.
In the late 1990s and throughout the 2000s, many veteran goaltenders on the wrong side of 30 would sign expensive long-term deals without so much as a second thought from their new teams. In July 2002, for example, goalie Curtis Joseph signed a three-year, $24MM contract with the Detroit Red Wings, even though it wasn’t the best offer on the table.
Joseph had a three-year $26MM offer from the Toronto Maple Leafs but opted to move to Detroit. Toronto then pivoted and signed Ed Belfour to a two-year, $13.5MM deal.
By today’s standards, those contracts aren’t eye-popping, and the term is relatively short. But Belfour and Joseph were 37 and 35, respectively, and there was a chance their play would drop off significantly during the brief time they were signed.
Nowadays, it’s hard to imagine a team giving $8MM a season to a 35-year-old goaltender, and Joseph’s deal was inked 23 and a half years ago. The Senators gave Ullmark four years and $8.25MM annually just last year, but he had just turned 32 and was two seasons removed from a Vezina Trophy as the league’s top goaltender.
It was a pricey gamble for Ottawa and hasn’t looked like good value this season, but Ullmark has been dealing with personal issues, so it’s hard to project how the deal will work out long-term.
Circling back to the Rangers and Canucks, they are a tale of two teams whose expensive goaltending has led to team-wide issues, but for wildly different reasons. In Vancouver, Thatcher Demko was signed to a lucrative three-year deal at the start of free agency, worth $8.5MM annually.
It was a gamble by Vancouver, as they hoped the former Vezina Trophy finalist could bounce back from a poor showing last season. Had Demko had a good year, he would have been a candidate to get $9MM or more on a new contract, but Vancouver thought it was wise to jump the queue. It has not turned out well.
If Demko had played well, Vancouver likely would have paid him an AAV slightly higher than the $8.5MM they gave him, but would’ve been on the hook for more term, which would’ve been riskier. Instead, Vancouver made a different bet and is now on the hook for more term than Demko would’ve received in free agency. But hindsight is 20/20, and for the Canucks, they are stuck with the Demko deal, one they’d love to have back.
In New York, it was a different calculation. Rangers’ general manager Chris Drury believed he had a Stanley Cup contender on his hands, which meant doing everything he could to retain his Vezina Trophy-winning goaltender, Igor Shesterkin. Drury moved out his captain, Jacob Trouba, to open up space to sign Shesterkin to a record-breaking eight-year, $92MM contract.
While it was the right on-ice move given Trouba’s cap hit relative to his play, the Rangers have never been the same since the trade. New York fell off a cliff last season and has remained at the bottom of the league this year, despite Shesterkin being good.
But that is the issue: Shesterkin has only been good. In the years leading up to his extension, Shesterkin was elite.
His play in those seasons masked many of the Rangers’ problems and led Drury and New York management to think the team was much better than it actually was. Shesterkin’s goaltending was a mask, hiding the fact that Drury had built a fatally flawed roster that relied too much on out-of-this-world netminding, which was clearly unsustainable.
While the Rangers, Canucks, Devils and Predators aren’t the only teams with pricey goaltending, they are the most apparent examples of paying a premium for goaltending. But even middle-of-the-pack teams can run into issues where their extensions turn into disasters.
There are good examples in Washington: a few years ago, with Darcy Kuemper, who had just won a Stanley Cup, and Philipp Grubauer, who had been solid for years before signing as a free agent with Seattle and becoming unplayable in the NHL. Matt Murray in Ottawa was the same story, but none is more egregious and obvious than Tristan Jarry in Pittsburgh, who was recently dealt.
Pittsburgh is a relevant example because of Stuart Skinner, who has been a revelation with the Penguins but is a UFA at the end of the season. Pittsburgh already has its goalie of the future in tow in Sergey Murashov, and the Penguins would be wise to ride Skinner into the playoffs and then let him walk in the offseason if his salary demands exceed $5MM annually, which they surely will. It should be interesting to see the Skinner story unfold, but there is plenty of evidence that the Penguins would be wise to avoid giving term to a netminder who is unpredictable.
Trade Deadline Primer: Minnesota Wild
With the Olympic break approaching, the trade deadline is about a month away. Where does each team stand, and what moves should they be looking to make? We begin our look around the league with teams that have clear plans at the extremes of the standings, this time with Wild.
Our Trade Deadline primer series rolls on with the market’s current big fish. The Minnesoa Wild pulled off one of the biggest trades in recent memory when they sent top-six center Marco Rossi, top prospect Zeev Buium, wing prospect Liam Ohgren, and a first-round pick to the Vancouver Canucks for franchise defenseman Quinn Hughes. The monster move has already returned dividends. Minnesota has posted a 16-5-5 record with Hughes in the lineup – but still appear a few lineup pieces shy of true Stanley Cup contention. The Trade Deadline will challenge Minnesota to mend those holes with a recently-thinned wallet.
Record
34-14-10 (2nd in Central Division)
Deadline Status
Buyers
Deadline Cap Space
$14.52MM on deadline day, 0/3 retention slots used, 42/50 contracts used per PuckPedia.
Upcoming Draft Picks
2026: MIN 3rd, MIN 4th, SJS 5th, MIN 5th, MIN 6th, MIN 7th
2027: MIN 1st, MIN 3rd, MIN 4th, MIN 5th, MIN 6th, MIN 7th
Trade Chips
The Wild dealt most of their loose pieces in their big buy for Hughes. What was left behind is a relatively solid lineup with no major value-buys sticking out. That hasn’t stopped Minnesota from finding ways to stay on top of the trade market. The club has dangled star goalie prospect Jesper Wallstedt in recent trade discussion, in an attempt to find a star addition on offense.
Wallstedt offers unprecedented market value. The Nashville Predators traded top goalie prospect Yaroslav Askarov, and a third-round pick, to the San Jose Sharks in 2024 in exchange for David Edstrom, Magnus Chrona, and a first-round pick. Counting Edstrom’s draft capital, that is the equivalent of two first-round picks – a price that Wallstedt could supercede with his performance this season. Finally stuck in an NHL role, Wallstedt has posted 14 wins and a .914 save percentage in 23 games this season. He has proven to be a true force in the NHL, after doing as much in both the AHL and SHL.
The Wild could land a serious addition on the back of Wallstedt’s value alone. They could add to it their 2027 first-round pick or top prospects like Charlie Stramel or Ryder Ritchie to seemingly land some of the biggest names on the market. With plenty of cap space on deadline day and one more year on Hughes’ current contract, there could be little-to-nothing holding Minnesota back from going all-in.
Trade Needs
Thee Center: Minnesota has held tryouts for their top-center role through the last four seasons. None of Rossi, Joel Eriksson Ek, Ryan Hartman, or Danila Yurov have appeared capable of leading a Cup-winning offense. It is clear the Wild are one piece short of a true top lineup. Luckily, this year’s market is unusually rife with center talent.
Minnesota might be able to swing Robert Thomas away from the St. Louis Blues with their assembly of Wallstedt and future capital. Thomas is a clear top center in the midst of his prime on a Blues team heading the wrong way. He would offer a forechecking and playmaking presence that would fit seamlessly next to play-driving scorers Kirill Kaprizov and Matt Boldy, like it has next to Jordan Kyrou in St. Louis. The Blues will need to be swayed to trade away their core forward, especially to an interdivision rival, but a core future piece like Wallstedt could be enough.
The Wild could pull off a similar deal for Calgary Flames center Nazem Kadri, though the Flames are less likely to be swayed by a trade package surrounding a star goalie. That offer could be more convincing should the Vancouver Canucks let Minnesota double-dip and target Elias Pettersson.
Should Thomas, Kadri, and Pettersson be too rich for Minnesota’s taste, they could find cheaper options in Rangers’ center Vincent Trocheck or Sharks’ center Alexander Wennberg. Neither player would fill the top-line role outright, though they could add some nice diversity next to Hartman, Eriksson Ek, and Yurov on the depth chart. Trocheck has 12 goals and 36 points in 43 games with New York, while Wennberg has stepped up with 37 points in 55 games.
Some Goalie Reassurance: Dangling Wallstedt for another big trade is a bold, and potentially franchise-altering, decision by the Wild. They would need to replace their backup goalie role should Wallstedt move, with Calvin Petersen and Samuel Hlavaj both boasting sub-.900 save percentages in the minors.
The Wild could find that quite easily if they make it a priority in their buy of a new center. The Blues could likely be separated from former Cup-winner Jordan Binnington in a deal where they land Wallstedt. That would give the Wild a veteran addition – and a rival familiar to Wild and Team USA general manager Bill Guerin – to backup Filip Gustavsson. Minnesota could also find a few different options in the Canucks, who currently have Nikita Tolopilo and Jiri Patera battling for the NHL backup role after an injury to Thatcher Demko.
Should Minnesota want to split their buys into two deals, they could benefit from connecting with the Pittsburgh Penguins or Florida Panthers, in an attempt to buy netminders like Joel Blomqvist or Daniil Tarasov. Both would come with a cost, though could probably be pulled away with the right argument.
Photo courtesy of John E. Sokolowski-Imagn Images.
Wild Notes: Wallstedt, Stramel, Coyle
The Minnesota Wild announced to the league that they are all-in on trying to win a Stanley Cup over the next two years when they acquired star blueliner Quinn Hughes from the Vancouver Canucks. As they seek a player who can occupy a top-six center role, one of the key trade assets they have to leverage is breakout rookie goalie Jesper Wallstedt. Last month, it was reported that the Wild would consider dealing Wallstedt, and yesterday, The Athletic’s Michael Russo and Joe Smith took things a step further, writing that a Wallstedt trade “really does feel inevitable.”
Despite his stellar rookie year, one where he’s posted a .914 save percentage across 23 games, Wallstedt is somewhat expendable for the Wild because they have starter Filip Gustavsson locked into a contract extension that carries a $6.8MM AAV, runs through 2030-31, and has a full no-move clause through next year. According to Russo and Smith, Wallstedt will be a real asset in play in the team’s search for a high-end center. For rival teams that have a need in net and a center to trade, Wallstedt’s availability could be a real opportunity to add a goaltender that could potentially be a starter in net for the next decade or more.
Other notes from the Twin Cities:
- Answering a question as to whether top prospect Charlie Stramel might exercise his right to hit unrestricted free agency when the Wild’s exclusive rights to sign him expire this summer, Russo and Smith relayed word from Stramel, who said he “100 percent” plans on signing with the Wild in some form when his NCAA season ends. It’s still to be determined whether that will be with AHL Iowa or whether the Wild will sign him to his entry-level deal and “burn” a year in doing so. Stramel is one of Minnesota’s best prospects, and is leading the Michigan State Spartans with 35 points in 26 NCAA games.
- Russo and Smith also reported yesterday that the Wild “have checked in with” the Columbus Blue Jackets regarding trade possibilities, including possibilities specifically related to veteran center Charlie Coyle, whose game Wild GM Bill Guerin is reportedly a fan of. Coyle, 33, played for the Wild from 2012-13 through 2018-19, and has had a stellar 2025-26 season, scoring 42 points in 56 games. Seeing as the Blue Jackets have surged after their recent coaching change, they could be unwilling to deal Coyle, even though he is a pending UFA. But as the Wild seek to upgrade their standing at the center position, it appears Coyle is very much on the team’s radar.
Wild Reassign David Jiricek, Cal Petersen, Tyler Pitlick
The Wild have reassigned defenseman David Jiříček, goaltender Calvin Petersen, and winger Tyler Pitlick to AHL Iowa, per a team announcement. Minnesota won its final game before the Olympic break yesterday, a 6-5 overtime thriller over the Predators, so those three will now be able to continue playing over the next few weeks in the minors.
Players can still be reassigned during the ongoing roster freeze if they’ve played fewer than 16 of the team’s 20 games before the freeze, or have been on the NHL roster for fewer than 80 league days before Jan. 21. All three of them meet that criteria.
Up-and-down movement has been a hallmark of Jiříček’s season. The once-highly touted prospect continues to struggle to lock down a full-time NHL role. Since being drafted sixth overall by the Blue Jackets in 2022, he’s scored 13 points in 84 career NHL games. None of them has come this season. He’s posted zeroes across the board in 25 outings for the Wild. He only has two career points in a Minnesota uniform, both of which came in a six-game stint last year after being acquired from Columbus.
Lack of ice time surely has something to do with the lack of output from the talented puck-mover. He’s only averaged 11:48 of ice time per game this year, although it’s hard to argue he’s earned more. His possession numbers are underwhelming, only controlling 46.1% of shot attempts at 5-on-5.
Things in the minors haven’t gone terribly well for Jiříček since last year’s move, either. He’s notched a goal and five points in 15 outings for Iowa this year after seven assists in 27 games in 2024-25. He’s only clicking at a 0.29 points per game rate with the club, with a -10 rating.
While Jiříček may be coming back up after the break, Petersen isn’t. He was only rostered for Minnesota’s last two games before the break to back up Filip Gustavsson while Jesper Wallstedt dealt with the flu. The Iowa native signed in free agency with the Wild last season to serve as a minor-league depth option in his home state. Now 31 years old, the former Kings hopeful has managed a .897 SV% with a 2.82 GAA in 17 AHL games, including two shutouts and a 4-13-0 record.
Pitlick, 34, also arrived with the Wild in last summer’s free agency period. After spending all of last year in the minors in the Bruins organization, he’s re-established himself as a fringe NHLer in Minnesota. He’s been up with the team for a good chunk of the year but cleared waivers last month, so he’s within the 30-day exempt period.
A second-round pick back in 2010, Pitlick doesn’t offer much more upside than being a physical fourth-line checker at this stage of his career. He has two goals and a -4 rating in 31 games for the Wild while averaging 7:48 of ice time per game. While his 41.3 CF% is among the team’s worst, he does rank fourth on the club with 76 hits and third on a per-game basis (2.45).
Marcus Foligno Out With Illness
- The Minnesota Wild were without a middle-six forward last night against the Montreal Canadiens. Before the drop of the puck, the Wild announced that Marcus Foligno would miss the game because of illness. The 34-year-old forward had been playing better of late, scoring three goals and eight points in his last 15 games, including the first hat trick of his career a few weeks ago. He’s not expected to miss the Wild’s final contest before the Olympic break.
[SOURCE LINK]
Wild Recall Cal Petersen, Activate Zach Bogosian
6:03 p.m: The Wild officially announced Bogosian’s activation in advance of their game tonight against the Montreal Canadiens.
In a corresponding move, they reassigned defenseman Matt Kiersted to the AHL. Kiersted, 27, began his most recent recall on Jan. 27, and ended up serving as a healthy scratch for the club’s game’s on Jan. 29 and Jan. 31. The 27-year-old undrafted blueliner has gotten into four NHL games for the Wild this season, and has four points in 28 AHL games. He’s under contract through next season at a league-minimum NHL cap hit, with a $450K AHL salary.
12:13 p.m.: The Wild have now activated Bogosian from injured reserve, per the NHL’s media site. Since teams can exceed the roster limit to have a third goalie under emergency conditions twice during the season, they won’t need to make a move to reinstate him. He’s been out for 13 games with an undisclosed injury sustained on Jan. 3 against the Kings. In 23 appearances this season, the veteran righty has four points with a +8 rating while averaging 14:52 of ice time per game.
11:30 a.m.: According to regional reporter Jessi Pierce, the Minnesota Wild have recalled netminder Cal Petersen from the AHL’s Iowa Wild. Minnesota confirmed the news, sharing that it’s under emergency conditions. The Wild will need to make an additional transaction before tonight to activate defenseman Zach Bogosian from the injured reserve.
Fortunately, there are no injury concerns with Minnesota’s usual goaltending tandem. Several reports from practice indicate that Jesper Wallstedt is dealing with the flu, and he won’t be available for tonight’s contest. Filip Gustavsson will assume the starting position.
This morning’s roster move is the first call-up of the year for Petersen. He was waived shortly before the start of the 2025-26 campaign after signing a one-year, $775K contract with the Wild last offseason. He’s spent the entire year with AHL Iowa up to this point.
Although his win/loss record isn’t great, it’s not the worst performance Petersen has had throughout his professional career. The 31-year-old veteran has a 4-13-0 record in 17 games with a .897 SV% and 2.82 GAA. Last season, with the AHL’s Lehigh Valley Phantoms, Petersen finished with a 13-15-3 record in 31 games with a .885 SV% and 3.14 GAA.
His results are more indicative of the team in front of him rather than his individual performance. It’s much of the same for AHL Iowa, a team that has only made the playoffs twice since the 2013-14 season, though no postseason was held in 2020 or 2021. That’s not expected to change this season, as the Wild are in last place in the Central Division with a 12-26-4-1 record in 43 games.
Wild Interested In Nazem Kadri
Still, that’s a long shot from Montreal’s perspective. Further down the article, D’Amico suggested that the Carolina Hurricanes, Detroit Red Wings, and Minnesota Wild remain interested in acquiring Kadri in varying degrees. There is no word on whether those teams are on Kadri’s no-trade list.
Wild Recall Matt Kiersted
The Wild announced today that they’ve recalled defenseman Matt Kiersted from AHL Iowa. With two open roster spots, there’s no need for a corresponding move.
Minnesota is back to having an extra defenseman on its roster ahead of tonight’s clash with the Blackhawks. They’d had David Spacek in the role for the last several days but sent him down to Iowa over the weekend with the hope that Zach Bogosian would be ready to come off injured reserve. While he was previously listed as day-to-day with a foot injury, The Athletic’s Michael Russo reported yesterday that it never got back to 100% and that he’s now “seeking a different form of treatment.”
That opens the door for Kiersted to rejoin the team, especially since Spacek was ineligible to be recalled today because he hasn’t played for Iowa since being reassigned on Sunday. Kiersted was previously up with the Wild in a similar role for nearly a month across December and January, but was sent down over two weeks ago after clearing waivers.
A competent depth defenseman with some NHL utility, Kiersted is a Minnesota native who returned home last summer in free agency. He’d spent his professional career up to then with the Panthers, who plucked him out of North Dakota as an undrafted free agent in 2021. He has a strong outlet pass in his arsenal with some offensive utility at the AHL, but has panned out as a defensive threat in the pros first and foremost.
In 261 career AHL games across five seasons with Charlotte and Iowa, he’s put up a 16-73–89 scoring line with a +44 rating. In 43 NHL games, including four with the Wild this year, he’s posted eight points with a -8 rating while averaging 12:11 of ice time per game.