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Hurricanes Sign Logan Stankoven To Eight-Year Extension

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The Hurricanes weren’t able to get Mikko Rantanen to agree to a long-term contract but they got one done with the player they acquired for him.  The team announced that they’ve signed forward Logan Stankoven to an eight-year, $48MM contract extension.

The 22-year-old was a second-round pick by Dallas back in 2021, going 47th overall.  Quite quickly, it’s fair to say he has outperformed his draft stock.  Stankoven made a mark late in the 2023-24 campaign, notching six goals and eight assists in 24 games with the Stars, earning himself a regular spot in their playoff lineup where he chipped in with eight points in 19 contests.

That was enough to have Stankoven as a regular for Dallas to start last season but the per-game offensive production tapered off a bit.  That said, he still put up a respectable nine goals and 20 assists in 59 games with them before being one of the key parts of the Rantanen trade back at the trade deadline.

Following the swap, Stankoven’s point production continued at a similar clip as he tallied five goals and four assists in 19 games during the regular season with Carolina while continuing to hover just above 15 minutes a night in playing time.  He carried that into the playoffs as well as a secondary offensive contributor, tallying five goals and three helpers in 15 postseason contests.

Stankoven has one year left on his entry-level contract, one that carries a cap charge of just over $814K along with $32.5K in games-played bonuses.  That means the extension will begin in 2026-27.  He had four RFA-eligible years remaining so Carolina will gain four seasons of team control at that time.  Those four UFA years are the only ones in which he’ll be eligible for trade protection.

While Stankoven isn’t the same caliber of player that Rantanen is, the Hurricanes will still get a long-term core piece out of that series of trades.  In the long run, while they took a short-term loss in talent compared to the original trade that saw them acquire Rantanen from Colorado, getting Stankoven locked up long-term and adding a pair of first-round picks was a solid rebound for GM Eric Tulsky.

John Matisz of The Score was the first to report that a long-term deal was close.  Frank Seravalli was first with the terms of the agreement.

Canucks Sign Thatcher Demko To Three-Year Extension

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July 1: It will be a three-year extension for Demko when announced later today, PuckPedia reports. He will be a UFA upon expiry in 2029 at age 33. The team has now announced the deal, which is worth $25.5MM for a cap hit of $8.5MM. He will earn a $10.5MM salary in 2026-27, a $2MM salary and $6MM signing bonus in 2027-28, and a $1MM salary and $6MM signing bonus in 2028-29, according to PuckPedia. The contract also includes a full no-movement clause.

June 30: The Canucks are nearing an extension to keep goaltender Thatcher Demko in Vancouver past next season, sources inform the now-independent insider Frank Seravalli. He’s expected to sign the deal upon becoming eligible to do so tomorrow. They’re still ironing out the money and structure of the contract, but have agreed on its length, per Darren Dreger of TSN.

Demko’s early extension comes days after Dreger reported there was momentum on a new deal despite free agency still being a year away for the netminder. The presumably multi-year commitment comes after perhaps the two hottest-and-coldest seasons an NHLer can have. The 29-year-old’s 2023-24 campaign was outright dominant, posting a .918 SV%, 2.45 GAA, five shutouts, and a 35-14-2 record in 51 games as he finished as the Vezina Trophy runner-up.

Then, Demko sustained a knee injury in Game 1 of their playoff run that year, later revealed to be a popliteus muscle tear – an exceedingly rare injury for an athlete, which led to considerable uncertainty about his return timeline. He started the season on injured reserve and wasn’t cleared to return until December. When he did come back, he was in and out of the lineup due to unrelated injuries and an illness. That led to his numbers nosediving this season, as he logged a career-low .889 SV% and a 2.90 GAA in 23 appearances. That was still good for 1.4 goals saved above expected, according to MoneyPuck, due to a demanding workload in terms of shot quality.

Long considered the organization’s goalie of the future, he had fully achieved that title and was their undisputed starter until late-offseason free agent signing Kevin Lankinen stepped up in his absence this year. During the campaign in which he posted a .902 SV% in 51 appearances, Vancouver rewarded him with a five-year, $22.5MM extension in February. That indicates they anticipate Lankinen handling more of a workload than a standard No. 2 option would for the foreseeable future. He also has a no-movement clause through 2026-27, so a trade isn’t on the table anytime soon.

That indicates the Canucks anticipate Demko’s injury significantly altering his career trajectory and his ability to handle 50-plus starts per season consistently. Presumably, his pending extension will reflect that. His track record, compared to Lankinen’s more limited deployment in heavy usage, means he should still be penciled in as the No. 1 option on the Canucks’ depth chart entering next season and for the foreseeable future. However, Vancouver could be betting on a more platoon approach to keep Demko healthy.

Demko will still count $5MM against Vancouver’s cap for 2025-26 as he enters the final season of the five-year, $25MM extension he signed in 2021.

Image courtesy of Jerome Miron-Imagn Images.

Panthers Sign Brad Marchand To Six-Year Extension

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July 1: The Panthers have confirmed the six-year deal for Marchand while not disclosing financial terms. The exact cap hit is $5.25MM, per PuckPedia.

June 30, 6:20 p.m.: Unsurprisingly, TSN’s Pierre LeBrun reports that Marchand’s new contract is heavily frontloaded. He’ll make just $1MM in base salary each year, and the rest will be paid out in signing bonuses. For trade protection, LeBrun indicated that he’ll get a full no-movement clause for the first four years before transitioning to a modified no-trade clause in the final two years.

4:13 p.m.: The Panthers are signing winger Brad Marchand to a six-year extension “just under” $32MM in total, according to Elliotte Friedman of Sportsnet. The cap hit will be roughly $5.3MM.

Shockingly, after reportedly agreeing to a new long-term contract with defenseman Aaron Ekblad earlier today, the Panthers were able to retain all three of their prominent pending unrestricted free agents. For Ekblad and Marchand, Florida re-signed both on extremely team-friendly deals, in terms of their salary.

Still, it’s difficult not to question the terms of Marchand’s new contract. The two-time Stanley Cup champion is entering his age-37 season, meaning he’ll be 43 upon expiration. It’s quite uncommon for a player of Marchand’s age to sign a deal of such length. Kris Letang of the Pittsburgh Penguins could be the only recent comparable, signing a six-year extension beginning in his age-35 season.

In Marchand’s defense, he hasn’t shown signs of slowing down. Since turning 30 years old ahead of the 2019-20 campaign, Marchand has scored 198 goals and 521 points in 498 games with a +104 rating, averaging 19:02 of ice time per game. He’s received multiple votes for the Hart Memorial Trophy and Frank J. Selke Trophy in that time.

His postseason performances have been equally impressive. In that same time frame, Marchand has scored 45 goals and 98 points in 96 postseason contests between the Boston Bruins and Florida Panthers with a +23 rating. His playoff excellence came to a head a few weeks ago, finishing second place in Conn Smythe Trophy voting behind teammate Sam Bennett after the Panthers won their second consecutive Stanley Cup Final.

Now, by keeping Marchand for the foreseeable future, the Panthers will not only have a formidable top-six to stagger opposing teams, but will continue to have a third line that few teams will be able to match up against.

It’ll be interesting to see how General Manager Bill Zito fits the rest of Florida’s group with nearly $20MM doled out to Bennett, Ekblad, and Marchand. There will be more clarity on the Panthers’ salary cap picture tomorrow. They’ll need to find space for new deals for forward Mackie Samoskevich and netminder Daniil Tarasov. Still, they can rest easy knowing all the key players from their most recent Stanley Cup championship team are returning next season.

Maple Leafs Sign Matthew Knies To Six-Year Deal

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July 1: The Knies deal was officially registered today after issuing him a qualifying offer yesterday, the club announced. Because of that, he was technically an RFA for a few hours, so the deal doesn’t qualify as a true extension. With Knies’ deal on the books and the Marner sign-and-trade completed, the team enters the free agent signing period with $5.8MM in cap space to spend on one open roster spot. The deal breaks down as follows, per PuckPedia:

2025-26: $3MM salary, $6MM signing bonus
2026-27 – 2027-28: $7MM salary, $2MM SB
2028-29: $6.5MM salary, $500,000 SB
2029-30: $6.25MM salary
2030-31: $6.25MM salary, 10-team no-trade list

June 29: The Toronto Maple Leafs and forward Matthew Knies have agreed to a six-year, $46.5MM extension, per Sportsnet’s Elliotte Friedman. The deal comes with a $7.75MM AAV.

Knies, who is coming off a 29-goal, 58-point campaign, will remain in Toronto long-term after being selected by the Maple Leafs in the second round of the 2021 draft.

Knies was set for restricted free agency, but Toronto wrapped up the winger before he could receive any offers from additional teams. The 22-year-old showcased his abilities last season, sniping nearly 30 goals while forming one of the top lines in the league alongside Auston Matthews and Mitch Marner. With Marner likely to leave the Maple Leafs in free agency, the team made sure not to lose Knies or recently extended John Tavares.

The extension comes after Knies discussed his hope to remain in Toronto long term at his end-of-season media availability on May 20th. In part, he stated: “I love to play in this city. I think it’s a blast. I want to be here and I want to play here. That’s all that really matters to me,” he said. “I love this group and everyone in this locker room. I think there’s really a chance to win here, and I think it’s the best chance for me to win.”

The American-born Knies has scored 44 goals and 94 points in 161 games for Toronto. Knies also showcased a strong performance during the playoffs last season, posting five goals and seven points in 13 games.

The extension leaves the Leafs with just north of $13.5MM in cap space, per PuckPedia. Now that Knies is signed, GM Brad Treliving can turn his focus to other pending RFAs, including Nicholas Robertson and Pontus Holmberg, before setting his sights on unrestricted free agency.

Golden Knights Acquire, Extend Mitch Marner

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Tuesday: Both sides have officially announced the one-for-one swap.

Monday, 6:45 p.m.: PuckPedia has shared the financial breakdown of Marner’s new deal with Vegas:

  • Year 1: $4MM salary, $11MM signing bonus, full no-movement clause
  • Year 2: $4MM salary, $10MM signing bonus, full no-movement clause
  • Year 3: $4MM salary, $9.75MM signing bonus, full no-movement clause
  • Year 4: $4MM salary, $7.25MM signing bonus, full no-movement clause
  • Year 5: $5MM salary, $6MM signing bonus, full no-movement clause
  • Year 6: $5MM salary, $6MM signing bonus, full no-movement clause
  • Year 7: $5MM salary, $5MM signing bonus, full no-movement clause
  • Year 8: $5MM salary, $5MM signing bonus, full no-movement clause

4:07 p.m.: According to Sportsnet’s Elliotte Friedman, the Vegas Golden Knights have acquired forward Mitch Marner from the Toronto Maple Leafs. Shortly thereafter, Friedman shared that Marner is expected to sign an eight-year, $96MM deal ($12MM AAV) with the Golden Knights. According to TSN’s Bob McKenzie, Nicolas Roy is the only player headed to the Maple Leafs in the reported deal, making it a one-for-one swap.

Arguably the league’s top available free agent since Artemi Panarin in 2019, the Golden Knights have assured that Marner won’t even reach unrestricted free agency. Marner will join a star-studded roster in Nevada that already includes Jack Eichel, Mark Stone, and Shea Theodore.

Unlike his situation in Toronto, Marner also joins a team that’s entrenched in winning. Without question, the most successful expansion team in NHL history, the Golden Knights have qualified for the postseason in seven out of their eight seasons, reaching three Western Conference Finals, two Stanley Cup Finals, and winning one Stanley Cup.

After the money is squared away, the Golden Knights should have approximately $2MM remaining in salary cap space. Defenseman Alex Pietrangelo is set to miss the entire 2025-26 season, potentially longer, providing Vegas with an added $8.8 million in flexibility. Coupled with Roy’s $3MM salary, the Golden Knights had plenty of flexibility to bring in Marner on a long-term contract.

In Marner, Vegas will add one of the league’s premier playmakers to its already high-end offense. Since debuting for the Maple Leafs in the 2016-17 season, Marner has scored 221 goals and 741 points in 657 games, averaging 20:03 of ice time per night. Aside from his offensive capabilities, Marner is exceptional on the defensive puck, earning a +128 rating with a career 52.7% CorsiFor% at even strength and a 90.1% on-ice save percentage at even strength.

By re-signing Brandon Saad and Reilly Smith over the past two days, and adding Marner this afternoon, the Golden Knights have completely addressed their need for quality wingers before unrestricted free agency has even opened. Furthermore, with $2MM remaining in salary cap space, Vegas has some flexibility to add toward the bottom of their lineup, or to shore up their defensive core with cheaper deals.

Marner’s addition reaffirms the adage of the ’rich becoming richer’. The Golden Knights finished the 2024-25 campaign with the fifth-best goals scored average (3.34), third-best goals against average (2.61), second-best powerplay (28.34%), 13th-best shooting percentage (11.0%), ninth-best CorsiFor% (51.8%), and 11th-best in high-danger scoring chances (51.9%). Interestingly enough, despite being known for his offensive talents, Marner may help Vegas the most on the penalty kill, as they finished this past season ranked 26th with a 75.74% kill rate.

In terms of the salary cap, this deal is only likely to improve for the Golden Knights. Marner will earn 12.57% of Vegas’ available salary cap next year while watching that percentage drop to 10.57% in only two years. Considering that they’ll need a new contract for Eichel after next season, Vegas should be in good shape to retain both for the foreseeable future.

Unfortunately, Marner does carry some baggage when it comes to the Stanley Cup playoffs. Like the Maple Leafs, the Golden Knights are firmly within their competitive window and have been competing for the Stanley Cup since becoming a team less than a decade ago. Although he won’t deal with a similar media landscape in Vegas, Marner will have similar expectations regarding his postseason performances.

In fairness to Marner, he’s been a quality postseason player, just not to his standard. During his time in Toronto, Marner scored 13 goals and 63 points in 70 playoff games, achieving a +9 rating. Although this would be viewed as quality production for most players, it’s a 0.22 drop-off in point-per-game average compared to his regular-season output. Now cemented in Vegas for the prime years of his career, Marner will only have so many more chances to correct the version of himself as a player when hockey becomes as important as it ever can.

Meanwhile, the Maple Leafs have done well by turning nothing into something. The likelihood of Marner staying in Toronto has been known for several weeks, and the Maple Leafs have made sure to get another asset in return rather than lose him for nothing. Unlike Marner, the player they’re acquiring from the Golden Knights has considerable postseason experience.

Over the last four years, Roy has become a valuable third-line center in Vegas. He can play all three forward positions and can move up and down the lineup, making him an extremely versatile forward.

Since becoming a full-time player for the Golden Knights in the 2021-22 season, Roy has scored 57 goals and 141 points in 284 games with a +26 rating, averaging 15:48 of ice time per game. His playoff scoring has declined, with five goals and 15 points in 40 games, but he contributed to the Golden Knights’  Stanley Cup victory in 2023. He should help create a stalwart third line in Toronto next to Max Domi and Scott Laughton.

Photo courtesy of Charles LeClaire-Imagn Images.

Capitals Sign Martin Fehervary To Seven-Year Extension

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Today marks the beginning of a new league year which means players in the final season of their contracts are now eligible to sign a contract extension.  It appears one of those players is Capitals defenseman Martin Fehervary, as Sportsnet’s Elliotte Friedman reports that the blueliner is expected to sign a seven-year, $42MM extension.  PuckPedia adds (Twitter link) that the deal will break down as follows:

2025-26: $5.5MM salary, $2MM signing bonus
2026-27: $5.5MM salary, $2MM signing bonus, 15-team NTC
2027-28: $4.5MM salary, $2MM signing bonus, 15-team NTC
2028-29: $4MM salary, $2MM signing bonus, 15-team NTC
2029-30: $3.5MM salary, $2MM signing bonus, 10-team NTC
2030-31: $2.5MM salary, $2MM signing bonus, 10-team NTC
2031-32: $2.5MM salary, $2MM signing bonus, 10-team NTC

The 25-year-old was a second-round pick by Washington back in 2018, going 46th overall.  While he got a taste of NHL action the following year, it took him three seasons to establish himself as a regular for the Caps.

Fehervary has largely played the same role over his four full NHL seasons.  He has averaged between 19 and 20 minutes a night of playing time while chipping in with some secondary scoring.  He is actually coming off a career-high in points offensively as last season, he notched five goals and a career-best 20 assists while his best goal total (eight) game in his rookie year back in 2021-22.

Of course, it’s not the offensive production that has Fehervary set to sign this contract.  He has been the defensive anchor for the Capitals in recent years and led the team in shorthanded ice time last season at just over three minutes per game.  Fehervary is also typically among the team leaders in blocked shots and hits; he notched a career-best 150 in the former category in 2024-25.

Fehervary had one RFA-eligible year left and will be spending next season on a contract that carries a $2.675MM cap charge.  He’ll get to more than double that starting in 2026-27 while Washington picks up an additional six seasons of team control and secures Fehervary through the prime of his career.

The deal also ensures that Washington will have one of the pricier back ends for the foreseeable future.  While Fehervary’s contract won’t start until 2026-27, the Capitals are set to spend more than $35MM on their defense corps for the upcoming season, per PuckPedia.  This contract will put their 2026-27 spending on the position over $27.5MM, with veteran John Carlson also in need of a new deal at some point.  In that season, Fehervary is currently set to carry the second-highest cap charge among Capitals blueliners, checking in behind Jakob Chychrun ($9MM).

Photo courtesy of Peter Casey-Imagn Images.

List Of Players Not Receiving A 2025 Qualifying Offer

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The deadline to issue a qualifying offer to pending restricted free agents is today at 4:00 p.m. CT, making any player who has not received one eligible to become an unrestricted free agent on Tuesday. Below are the players who will not be issued a qualifying offer:

(this list will be updated as reports continue to come in)

[Related: 2025 Free Agents]

[Related: How Do Qualifying Offers Work?]

Anaheim Ducks 

F Brett Leason, F Josh Lopina, F Isac Lundeström

Boston Bruins 

F Trevor Kuntar, F Jakub Lauko, F Jaxon Nelson, F Oliver Wahlstrom, D Drew Bavaro, D Daniil Misyul, D Ian Mitchell

Buffalo Sabres 

F Alexander Kisakov, F Bennett MacArthur, F Tyler Tullio, D Jacob Bernard-Docker

Calgary Flames 

G Waltteri Ignatjew, G Connor Murphy

Carolina Hurricanes 

D Anttoni Honka, D Ty Smith, G Yaniv Perets

Chicago Blackhawks 

F Cole Guttman, F Philipp Kurashev, F Jalen Luypen, F Aku Raty, F Antti Saarela

Colorado Avalanche

F William Dufour, F Jean-Luc Foudy, D John Ludvig, G Kevin Mandolese

Columbus Blue Jackets 

D Ole Julian Bjørgvik-Holm, D Cole Clayton, D Jordan Harris, D Samuel Knazko

Dallas Stars 

None

Detroit Red Wings

G Gage Alexander, F Cross Hanas

Edmonton Oilers

F Jacob Perreault, G Olivier Rodrigue, F Cameron Wright

Florida Panthers

D Nathan Staios, D Zachary Uens

Los Angeles Kings

D Cole Krygier, F Jack Studnicka

Minnesota Wild 

F Graeme Clarke, F Adam Raska, F Luke Toporowski, D Ryan O’Rourke

Montreal Canadiens 

F Rafaël Harvey-Pinard, F Xavier Simoneau, D Gustav Lindström, D Noel Hoefenmayer

Nashville Predators 

F Jordan Frasca, F Ondrej Pavel, F Jesse Ylönen, D Luke Prokop

New Jersey Devils 

F Nolan Foote, D Santeri Hatakka, G Isaac Poulter

New York Islanders

D Samuel Bolduc, D Aidan Fulp, D Scott Perunovich

New York Rangers

F Lucas Edmonds, F Arthur Kaliyev, F Jake Leschyshyn, D Zachary Jones

Ottawa Senators 

F Philippe Daoust, F Jamieson Rees, F Tristen Robins

Philadelphia Flyers 

F Elliot Desnoyers, F Jakob Pelletier, F Zayde Wisdom

Pittsburgh Penguins 

F Raivis Ansons, F Emil Bemström, F Connor Dewar, F Philip Tomasino, D Pierre-Olivier Joseph, G Taylor Gauthier

San Jose Sharks

F Carl Berglund, F Nolan Burke, F Brandon Coe, F Noah Gregor, F Klim Kostin, F Nikolai Kovalenko, G Georgi Romanov, F Mitchell Russell

Seattle Kraken 

D Peetro Seppala

St. Louis Blues

F Tanner Dickinson, D Anton Malmstrom

Tampa Bay Lightning

F Jaydon Dureau, F Gage Goncalves, F Ryder Korczak

Toronto Maple Leafs

F Pontus Holmberg, F Reese Johnson, F Cedric Pare, D Mikko Kokkonen

Utah Mammoth 

F Kailer Yamamoto

Vancouver Canucks 

F Ty Glover, F Tristen Nielsen, D Christian Felton, D Cole McWard

Vegas Golden Knights 

G Isaiah Saville

Washington Capitals

F Pierrick Dube, D Alexander Alexeyev, G Mitchell Gibson

Winnipeg Jets 

F Mason Shaw, D Simon Lundmark

Alex Pietrangelo Expected To Miss 2025-26 Season

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Monday: The Golden Knights have released statements from Pietrangelo and GM Kelly McCrimmon.  While stopping short of announcing it officially, it would appear as if Pietrangelo’s playing days may very well be over.

Pietrangelo:

The past few years have been very challenging on my physical well-being, and I am in a difficult position with my overall playing health. After exploring options with doctors as well as my family, it’s been advised to remove the intensity of hockey to see if my body can improve so that I can return to a normal quality of life. This decision has been difficult to come to terms with after the last 17 years of competition and the camaraderie with my teammates and coaches. The likelihood is low that my body will recover to the standard required to play, but I know this is the right decision for me and my family.

McCrimmon:

Alex has our organization’s full support in prioritizing his long-term health and quality of life. Alex is dealing with hips that would require bilateral femur reconstruction, with no guarantee of success. Throughout the season, the steps that Alex needed to take to be able to play and practice began to grow and take a significant toll on his body. Our hope in February during the NHL’s break for the 4 Nations Face-Off was to give Alex treatment and rest to help provide relief, but instead, what we found were diminished positive results and a process that is no longer sustainable moving forward. Alex has given everything to the game and to the Golden Knights and has played through significant challenges in the pursuit of trying to win another Stanley Cup in Vegas. He is one of the most respected players in the league, not only for his elite talent but for his character, leadership, competitiveness, and professionalism. Today’s decision is a difficult one for both Alex and the Golden Knights, but it is being made for the right reasons – so that Alex can be the family man we all know him to be.

Sunday: After weeks of speculation, it’s looking more like Golden Knights defenseman Alex Pietrangelo won’t be available next season. He’s in line for “multiple major surgeries” this offseason that will go so far as to jeopardize his career, David Pagnotta of The Fourth Period reports.

The news comes just days after general manager Kelly McCrimmon spoke after the draft on Pietrangelo’s future. When asked whether or not Pietrangelo would be healthy enough to play next season, McCrimmon said it was something that still needed to be sorted out.

“We’re going to know more on that in the coming days. Alex and I have had a number of discussions. There are a number of decisions that need to be made. When I spoke earlier about having a number of things that need clarity, that would be one of them,” he said.

As rumors continue to intensify linking pending free agent Mitch Marner with the Golden Knights, Vegas now seemingly also faces the challenge of replacing Pietrangelo’s leadership and production. But moving Pietrangelo to long-term injured reserve before the start of free agency may free up the space the team needs to sign Marner, as outlined by Danny Webster of Las Vegas Review-Journal. Pietrangelo has two years remaining on his $8.8MM AAV deal, and the Knights currently have just $5.615MM in cap space, per PuckPedia.

Pietrangelo, 35, appeared in 71 games for the Golden Knights last season, posting four goals, 33 points, and a plus-11 rating. While he missed 11 games on the year and opted out of the Four Nations Faceoff due to injury, Pietrangelo averaged over 22:24 of ice time per game on the year, showcasing his ability to log meaningful minutes when healthy. The two-time Stanley Cup winner has produced 637 points throughout his 17-year career.

PHR’s Paul Griser contributed significantly to this article.

Red Wings Sign Patrick Kane To One-Year Contract

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According to a team announcement, the Detroit Red Wings have signed veteran forward Patrick Kane to a one-year contract for the 2025-26 season. Detroit shared that Kane will earn $3MM base salary, while PuckPedia reported his potential performance bonuses:

  • $2.5MM after 10 games played
  • $250K after 30 games played
  • $250K after 50 games played
  • $500K for reaching the postseason
  • $250K for Round One win
  • $250K for Round Two win

Although his base salary has decreased by $1MM, Kane has the opportunity to earn a slight raise on his new deal with Detroit. The Red Wings signed Kane to a one-year, $4MM contract a year ago to the day, with an additional $2.5MM available in performance bonuses. Unfortunately for Kane, he only earned $1.75MM of those bonuses. Still, by the time Kane reaches 30 games played in the upcoming season, he’ll have matched last year’s total.

Kane became an obvious re-sign candidate during the end-of-season press availability for the Red Wings. General Manager Steve Yzerman stated his intention to re-sign Kane, and the 18-year veteran felt the same way.

Since coming to Detroit early in the 2023-24 campaign, Kane has been a valuable secondary scorer for the Red Wings. Despite undergoing hip resurfacing surgery, Kane has scored 41 goals and 106 points in 122 games donning the ’Winged Wheel’, averaging 18:09 of ice time per night.

Kane’s recovery from hip resurfacing surgery has been fairly remarkable. He was in visible pain toward the end of his tenure with the Chicago Blackhawks, and he finally underwent surgery after concluding his time with the New York Rangers. The same surgery ended Nicklas Bäckström’s career prematurely, just before Kane had his. However, Kane has returned stronger, maintaining his production levels.

Furthermore, Kane’s speed hasn’t appeared affected by the surgery, either. To be fair, ’Father Time’ has zapped much of the speed from his Hart Memorial days, but it’s decreased only slightly since. According to NHL EDGE data, Kane finished in the 81st percentile of the league in 18-20 mph bursts pre-surgery, and 76th percentile post-surgery. He may not have the best edge work anymore, but Kane has been playing like he’s got much more left in the tank.

Max Bultman of The Athletic was the first to report that the Red Wings were finalizing a new deal with Kane. 

Panthers Sign Aaron Ekblad To Max-Term Extension

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6:35 p.m.: Florida has announced Ekblad’s new eight-year contract.

2:15 p.m.: The Panthers and defenseman Aaron Ekblad have made significant progress on a long-term extension to keep him away from the free agent market tomorrow, TSN’s Bob McKenzie reports. It will be an eight-year deal worth around $48.8MM for a cap hit of $6.1MM, according to Elliotte Friedman of Sportsnet.  PuckPedia reports the deal contains a full no-move clause for the first six years and a 16-team no-trade in the other two and breaks down as follows:

2025-26 to 2027-28: $1MM salary, $6.9MM signing bonus
2028-29: $1MM salary, $5.14MM signing bonus
2029-30 to 2032-33: $1MM salary, $3.74MM signing bonus 

Florida’s commitment to Ekblad, who would have been the top defenseman on the market had he tested free agency, comes after months of hesitancy to dole out a long-term commitment. Now, GM Bill Zito has acquiesced and will give Ekblad the long-term stability he desired with a significant discount on the cap hit he could have landed as a UFA, which McKenzie says could have been as high as $9MM.

The lifelong Panther gets to stay in Florida, who made clear during their run to their second straight Stanley Cup championship that he never wanted to leave. Their 2014 first overall pick set the club’s franchise record for games played and points by a defenseman several years ago, scoring 380 points with a +96 rating in 732 games in a Florida uniform over the past 11 years.

He could very well only end up signing three NHL contracts – his entry-level deal, the eight-year, $60MM extension he signed in 2016, and this one. While no doubt a top-pairing threat now coming in at a significant discount on his previous cap hit of $7.5MM, his injury history was always the holdup in signing him to a long-term deal. The Panthers felt that was a steep enough discount to quell their concerns, while Ekblad was willing to take nearly a 33% cut on his market value to land as much stability as possible.

Although Ekblad hasn’t played a full 82-game schedule since 2018-19 and has only hit the 70-game mark once since then, he did have a mostly healthy 2024-25 campaign that was truncated by a late-season suspension for PEDs. He still finished the season with a 3-30–33 scoring line in 56 games, along with a +11 rating. His 23:31 average time on ice was his most in three years, bolstered by an increase in power-play time in the wake of Oliver Ekman-Larsson and Brandon Montour’s departures in free agency last year, which also played a role in his offensive resurgence. His 0.59 points per game in 2024-25 were the fourth-highest mark of his career.

Ekblad was also spectacular in the postseason, posting 13 points and a +10 rating in 19 games. That was his highest point total in any of Florida’s three straight runs to the Stanley Cup Final.

The 29-year-old will now reprise his role alongside Gustav Forsling for the foreseeable future as one of the best two-way pairs in the league. The duo logged 870 minutes together in the regular season and controlled 54.6% of expected goals while doing so, per MoneyPuck. He also forms one of the best one-two punches among right-shot D in the league with in-season acquisition Seth Jones. The trio of Florida’s top three defensemen is now under contract through 2029-30 (when Jones’ deal expires) at a combined cap hit of just $18.85MM – extremely good value that sets the Panthers up to continue having the flexibility to maintain a championship-contending roster.

Florida now has $4.9MM in cap space remaining with five roster spots to fill, per PuckPedia. That rules out an extension for their other highly notable UFA, winger Brad Marchand, at first glance, but they can get creative. They certainly won’t be able to match high-priced multi-year offers without offloading a salary or two, but could offer Marchand, who’s eligible for a bonus-laden one-year deal because of his age, a low base salary with easily achievable performance bonuses. That would allow them to initially be cap compliant with him, but if those bonuses are achieved and exceed the cap, Florida would be hit with a hefty penalty for 2026-27.

Image courtesy of Wendell Cruz-Imagn Images.

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