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Panthers Sign Brad Marchand To Six-Year Extension

July 1, 2025 at 9:02 am CDT | by Josh Erickson 72 Comments

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.

Canucks Sign Conor Garland To Six-Year Extension

July 1, 2025 at 9:00 am CDT | by Brian La Rose 7 Comments

July 1: The Canucks have officially announced Garland’s extension at six years and $36MM. GM Patrik Allvin had the following statement about the signing:

Conor is a core member of our hockey team and a player who has taken on a bigger role with the club the past couple seasons. His commitment to us by signing this deal shows how confident he is in our organization’s vision and direction. He competes hard every day, drives play on the ice, is relentless on the forecheck and is really tough to play against. Gars is an emerging leader in the group and works extremely hard to keep himself and the players around him accountable.

June 26: Canucks winger Conor Garland isn’t eligible to sign a contract extension until next week when the 2025/26 league year officially begins. However, it appears he won’t be waiting for long after that to put pen to paper on a new deal. Daily Faceoff’s Frank Seravalli reports (Twitter link) that significant progress has been made in discussions between the two sides, while Rick Dhaliwal of CHEK and The Athletic adds (Twitter link) that if a deal is finalized, it could be for six years and around $36MM.

The 29-year-old has spent the last four seasons with Vancouver after being acquired from Arizona as part of the Oliver Ekman-Larsson trade back at the draft in 2021. A few days after the trade, he signed a five-year, $24.75MM deal that will begin its final season in July.

During his time with the Canucks, Garland’s contract has been viewed as fair at times and also above-market to the point where it was believed that there were off-and-on trade discussions when Vancouver was looking to free up salary cap space. At one point in 2023, Garland changed agents and had permission to speak to other teams about a swap but obviously, nothing came to fruition there.

But even during those times, the team made it known that they valued Garland’s contributions and the suggestion that an extension could be wrapped up quickly suggests that’s still very much the case.

Over his first three years with the Canucks, Garland was certainly consistent. His worst season offensively was a 17-goal, 46-point effort while his best goal total was (2023-24) and best point total was 52 (2021-22). This season was more of the same as Garland tallied 19 goals and 31 assists in 81 games while seeing his playing time jump to a career-best 18:39 per game.

With Brock Boeser appearing likely to depart the organization in free agency next week, Vancouver certainly wouldn’t want to lose their next-best right winger the following year. It appears that won’t be happening and that Garland could officially be signing an extension as soon as next week, ensuring he’ll be staying with the Canucks for the long haul.

UFA Notes: Allen, Schmidt, Ceci, Perry, Asplund

July 1, 2025 at 8:55 am CDT | by Josh Erickson 1 Comment

The Devils are likely to go “down to the wire” on extension talks with goaltender Jake Allen before the market opens at 11 a.m. CT today, independent insider Frank Seravalli reports.

Allen was a spectacular backup option to Jacob Markström in his first full season in Jersey. There’s no surprise that they’ve expressed strong interest in retaining him, but they’ll likely have to commit significant financial resources to do so. He’s the clear top goalie available amid a weak market and could very well have multiple offers out there for three or more years with an AAV north of $5MM.

Would the Devils be willing to make him their highest-paid goaltender for a season? Markström has some salary retained by the Flames, so he only costs $4.125MM against the cap as he enters the final season of his contract. A multi-year commitment to the 34-year-old Allen might still be a good idea to help guard against a potential Markström departure next summer, especially with no true blue-chip prospects in the system.

Despite a 13-16-1 record, Allen put up better numbers than Markström last year in 20 fewer starts with a .906 SV% and 5.0 GSAA while tying him with four shutouts. He may decide to at least wait to test the market to see if a goalie-needy team like the Sharks, who also need to add nearly $20MM in cap hits next season to reach the floor, gives him an offer he can’t refuse.

Other notes of interest before the market opens:

While the Panthers have managed to get extensions done for Sam Bennett, Aaron Ekblad, Brad Marchand, and now depth forward Tomas Nosek in the last few days, the same won’t happen for defenseman Nate Schmidt. He’ll head elsewhere on the open market today after recouping some market value on a one-year deal with Florida following a buyout by the Jets, according to Pierre LeBrun of TSN and The Athletic. Schmidt, 34 in July, had 19 points in 80 regular-season games but broke out for a 3-9–12 scoring line and a plus-nine rating in all 23 playoff games for the Cats.
Another UFA Florida will lose is depth forward Rasmus Asplund. Swiss National League club HC Davos announced they’ve signed him to a two-year contract. Asplund, 27, saw just six games of NHL action with Florida this year and instead spent most of the season with AHL Charlotte, where he had 20 goals and 43 points in 63 games.
With the Kings expecting to lose Vladislav Gavrikov in free agency today, they’ve shown interest in inking Cody Ceci on the open market to help recoup some defensive depth, per Elliotte Friedman of Sportsnet. A righty compared to Gavrikov’s left-shot, Ceci might be more of a direct replacement for the recently-traded Jordan Spence rather than Gavrikov. The 31-year-old had 24 points and a plus-six rating in 85 games last season between the Sharks and Stars while averaging 21:13 per game, his fourth straight season above the 20-minute mark.
The Flyers will make a play for veteran winger Corey Perry today, Friedman says. The 40-year-old may have priced himself out of a new deal with the Oilers following a renaissance postseason performance for Edmonton, ranking second on the team with 10 goals in 22 games.

Panthers Sign Tomas Nosek To One-Year Extension

July 1, 2025 at 8:26 am CDT | by Josh Erickson 4 Comments

The Panthers have reached a one-year extension with center Tomas Nosek to keep him from unrestricted free agency today, according to Pierre LeBrun of TSN and The Athletic. He’ll earn the league minimum $775,000 salary on a one-way deal.

The cap-strapped Cats will likely sign a few similar deals today as they aim to assemble as complete a roster as possible. Retaining Nosek is a fine first step, bringing them to 18 players on their projected active roster, although the next deal they sign will put them over the cap for now. They have just $500,000 in space following his signing, per PuckPedia, but teams can exceed the cap by up to 10% during the offseason.

Nosek, 32, returns for his second season in Florida after inking a one-year, league-minimum pact in free agency last summer. Calling him a regular may be a stretch – he was often in the lineup for long stretches before sitting for weeks at a time. He appeared in 59 regular-season games, contributing a goal and nine points while averaging 9:49 per game. He was valuable in the faceoff dot (51.8%) and had a plus-four rating, so his non-offensive impacts were strong, but that was his worst production on a per-game basis since emerging as a full-time NHLer with the Golden Knights in 2017-18.

In the playoffs, Nosek was a healthy scratch for their first-round series against the Lightning but played for the remainder of the postseason after making his debut in Game 3 of the second round against the Maple Leafs. He contributed three assists and a plus-four rating in 16 games, seeing more deployment (11:10 per game) than he did in the regular season.

The Panthers have their top nine forward group filled out – even if they trade a forward to clear cap room, their role will likely be replaced by unsigned RFA Mackie Samoskevich. Nosek will be tasked with playing a more consistent role in the lineup next season, but shouldn’t see much increased responsibility when dressed as their fourth-line center.

Latest On Rasmus Andersson

July 1, 2025 at 8:22 am CDT | by Brian La Rose 1 Comment

Flames defenseman Rasmus Andersson is eligible to sign a contract extension as of today but talks between him and the team showed that there is still a considerable bridge to gap. While GM Craig Conroy has said they’re comfortable with having the blueliner in training camp without a new deal in place, the gap in discussions has certainly fueled trade speculation.

To that end, TSN’s Darren Dreger recently reported on Edmonton Sports Talk (video link) that the Kings were believed to have a trade in place to acquire the 28-year-old but Andersson made it known that he doesn’t want to play for them. He only has a six-team no-trade list but presumably, Los Angeles would have found out about Andersson’s lack of desire to play there when hypothetically discussing what an extension would look like.

At the moment, it appears that Andersson has his eyes set on one trade destination in particular. Pierre LeBrun reports in his latest column for The Athletic (subscription link) that the team on the top of Andersson’s wish list is the Golden Knights. He adds that there have been discussions between the two teams over the past week but Calgary hasn’t been excited about the offers on the table just yet.

There’s a logical fit for Andersson in Vegas, with Alex Pietrangelo’s playing days appearing to be over now. Pietrangelo’s absence would open up a significant hole on the right side of their back end, one that Andersson would be capable of filling.

The 28-year-old has been an all-situations player for several years in Calgary and has reached at least 30 points in four straight years. Andersson is coming off a quieter year but he still managed 10 goals and 21 assists in 81 games for Calgary last season while logging 23:59 per night of playing time. While he wouldn’t be quite as impactful as a healthy Pietrangelo, he would certainly be a quality replacement.

Of course, fitting him onto the books for the upcoming season is a whole other challenge. Vegas used the LTIR relief from Pietrangelo to acquire Mitch Marner from Toronto. Even with the LTIR savings, that will put them over the cap by the time they fill the remaining open roster spots, meaning that some salary would need to be cleared to open up room for Andersson and his $4.55MM cap charge for next season.

Meanwhile, should Andersson get moved to his preferred team, it stands to reason that an extension would need to be worked out. Given the contracts that have been handed out to some blueliners in recent days, it’s not out of the realm of possibility that he could come close to doubling his current price tag on a long-term contract.

With Vegas taking on Marner at $12MM per season and Jack Eichel expected to receive an extension at some point as well, that’s a lot of money to be adding to their future books so if the Golden Knights are able to land Andersson, they’re going to have to clear up some significant cap room – both present and future – to do so.

Maple Leafs Sign Matthew Knies To Six-Year Deal

July 1, 2025 at 8:12 am CDT | by Paul Griser 28 Comments

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

July 1, 2025 at 8:00 am CDT | by Brennan McClain 80 Comments

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.

PHR Live Chat Trasncript: Free Agency 2025

July 1, 2025 at 7:57 am CDT | by Josh Erickson Leave a Comment

View the transcript from Josh Erickson’s pre-free agency live chat at this link.

Capitals Sign Martin Fehervary To Seven-Year Extension

July 1, 2025 at 6:48 am CDT | by Brian La Rose 1 Comment

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

June 30, 2025 at 9:33 pm CDT | by Josh Erickson 27 Comments

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]

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