Los Angeles Kings Acquire Erik Portillo
The Buffalo Sabres have traded the rights to University of Michigan netminder Erik Portillo to the Los Angeles Kings in exchange for a 2023 third-round pick, per a team announcement.
This move comes amid widespread speculation that Portillo would opt to test the college free-agent market rather than sign with the Sabres, who drafted him 67th overall at the 2019 draft. The Sabres have arguably the best goalie prospect in hockey, Northeastern University’s Devon Levi, so it’s possible that the presence of Levi in Buffalo’s pipeline played a role in Portillo looking elsewhere for his NHL future.
Important to note is the fact that this deal does not guarantee that Portillo will end up signing with the Kings. The Buffalo Sabres traded a third-round pick for the rights to Jimmy Vesey in the summer of 2016, only for him to sign with the New York Rangers shortly afterwards.
But while the Sabres already have Levi in their pipeline, The Kings don’t have quite the same big-name goalie prospect already in the mix for Portillo to have to contend with for “goalie of the future” status.
If the Kings do end up signing Portillo, they’ll land a quality prospect who The Athletic’s Scott Wheeler recently ranked as the seventh-best prospect in a talented Sabres system. (subscription link) Portillo is a six-foot-six netminder who has been the starter at Michigan for the past two seasons. Last year, Portillo posted impressive numbers, going 31-10-1 with a .926 save percentage and 2.14 goals-against-average. His numbers have suffered a bit this season, but scouts remain impressed with his imposing size, quality puck-handling ability, and sneaky athleticism.
This is the second trade of the day where the Kings acquired a netminder. While today’s acquisition of Joonas Korpisalo was about helping their organization’s goalie situation in the short-term, today’s deal is designed to give them a potential long-term solution. It’s a worthy investment of a third-round pick assuming they get his signature on an entry-level deal, and a nice refund for the Sabres who likely weren’t signing him anyway and already have Levi, Luukkonen, and others to focus their developmental efforts on.
Pittsburgh Penguins Sign Isaac Belliveau
The Pittsburgh Penguins have signed prospect Isaac Belliveau to a three-year entry-level contract, which kicks in for the 2023-24 season. Belliveau currently plays for the Gatineau Olympiques of the QMJHL, where he will remain through the end of the season.
Now 20, Belliveau was a fifth-round pick of the Penguins in 2021 and would have become a free agent if not signed by June 1. The 6’2″ defenseman has 40 points in 44 games for the Olympiques this season, playing second fiddle to Anaheim Ducks prospect Tristan Luneau, who leads the team and all QMJHL defenders in scoring.
Belliveau is 12th in that race, though, and an intriguing prospect in his own right. He has had an especially good stretch recently, with five points in his last three, and has a chance to go on a long playoff run with the 39-12-6 club.
He’ll be ticketed for his first professional campaign in 2023-24; whether he can continue that offensive performance at the next level remains to be seen.
Minnesota Wild Sign Caedan Bankier
The Minnesota Wild have signed prospect Caedan Bankier to a three-year, entry-level contract that kicks in for 2023-24. Bankier plays for the Kamloops Blazers, meaning he’s ticketed for a Memorial Cup appearance with the host city this spring.
Selected 86th overall in 2021, Bankier has developed nicely for the Wild since and was even included on Team Canada at the recent World Juniors, winning gold. While he played a limited role on that team, he stars in Kamloops, where he has scored 30 goals and 62 points in 44 games this season.
With a long reach and good speed, Bankier has been able to convert on a lot of the excellent scoring chances that Dallas Stars prospect Logan Stankoven has created. Eleven of his 30 goals have come with the man advantage, tying him for 17th in the WHL in that category. He has also chipped in two shorthanded goals, a role he may play professionally.
Despite his 6’2″ frame, though, Bankier doesn’t use his size enough as an advantage, but may grow into that physicality in the future. Next season, he’ll be eligible to play with the Iowa Wild, where his offensive game will be tested against more experience defenders.
Vancouver Canucks Acquire Filip Hronek
The Vancouver Canucks, not content with building through the draft, have already traded the conditional first-round pick they received from the New York Islanders in exchange for captain Bo Horvat. The Canucks have sent it, along with a 2023 second-round pick, to the Detroit Red Wings for defenseman Filip Hronek and a 2023 fourth-round selection.
Hronek, 25, has developed into quite a strong all-around defenseman for the Red Wings and will set a career-high in scoring whenever he records his next point this season. That may have to wait a little while, as he left last night’s game after just eight minutes of action and is dealing with an upper-body injury.
The Canucks aren’t getting him for right now, though, as their season is already over. Instead, the focus of a pickup like this will be on next year when the Vancouver management believes the team can be competitive. Hronek is signed through next season on his current three-year, $13.2MM contract, and will be a restricted free agent at its expiry next summer.
It’s that contract price tag that makes this trade a little bit confusing from the Canucks perspective. Hronek is probably still providing some surplus value on his $4.4MM cap hit, but Vancouver will probably only get one year of that before another raise (he is owed a $5.28MM qualifying offer) is due. With the way the team’s cap situation looks at the moment, it’s hard to see how that will fit in, given the big sums already owed to Quinn Hughes and Oliver Ekman-Larsson through 2026-27.
Make no mistake, Hronek’s arrival in Vancouver will make them a better team. He instantly becomes their second-best defenseman, and could form a legitimate top pair with Hughes for the next several years. But Canucks fans are going to be screaming from the rooftops, at a management group that refuses to pull the plug and rebuild.
For Detroit, dealing Hronek brings up more questions than answers, as general manager Steve Yzerman tries to get the club to the playoffs as soon as possible. Are the Red Wings now looking at acquiring someone like Jakob Chychrun? Will they use their stash of draft picks on an even bigger name?
After signing Dylan Larkin to a massive extension today, the team signaled to fans that the rebuild is over. With five picks in the first two rounds of this year’s draft, and plenty of cap space, they could be preparing to make a big splash in the next few days, or this summer.
Carolina Hurricanes Acquire Shayne Gostisbehere
The Carolina Hurricanes, not to be outdone by their Eastern Conference counterparts, have added another player for their upcoming playoff run. Shayne Gostisbehere has been acquired from the Arizona Coyotes in exchange for a third-round pick in 2026.
The Coyotes did not retain any of Gostisbehere’s $4.5MM contract.
If there is one thing the Hurricanes were having trouble with this season, it’s the powerplay. Their team is so well-rounded that they have lost just 11 games in regulation, but with the man advantage, they rank 23rd at just 19.37%. That’s only barely ahead of the Coyotes, a team that is generally considered to have some of the worst offensive skill in the league.
What’s the difference? Well, Gostisbehere, for one. The 29-year-old defenseman has always been a wizard at the top of a powerplay umbrella, slinging passes around and using a hard shot to create havoc in front of the net. To this point, 135 of his 301 career points have been a man-up, though just ten of those have come this season, as he has ceded time to Jakob Chychrun and others.
Still, the Hurricanes have used players like Gostisbehere very effectively in years past. Tony DeAngelo, for instance, put up 51 points in 64 games with the club last season before they cut him loose.
This is a masterclass in asset management and weaponizing cap space by Arizona, who acquired Gostisbehere in 2021, adding a second-round pick and seventh-round pick to take his contract off the books of the Philadelphia Flyers. He played good hockey for the Coyotes, was paid very little on a front-loaded contract, and then was flipped for another significant draft pick.
While the Coyotes will still have to prove they can hit on those picks, develop them and build a competitive team, this is about as good as it gets for a rebuilding club.
Anaheim Ducks To Scratch John Klingberg, Dmitry Kulikov
With less than 48 hours until the NHL trade deadline, the Anaheim Ducks are bubble-wrapping their best assets. The team will not dress John Klingberg or Dmitry Kulikov tonight, but Eric Stephens of The Athletic reports that a deal does not appear imminent.
Klingberg, 30, was expected to be one of the deadline’s darlings this year, after signing a one-year, $7MM contract with the Ducks expressly to flip him to a contender. Unfortunately, things have been disastrous this season for Klingberg on an Anaheim team trying to get the best draft lottery position possible.
Through 47 games, the veteran defenseman had just 20 points and was pulling the puck out of his own net on a regular basis. Luckily, for the Ducks at least, he recorded four points in his last three games, and looked a bit more like the elite puck-mover he was as a young player for the Dallas Stars.
Perhaps they can turn that recent showcase into something good, as they almost certainly will retain half his contract to get the best asset possible.
On the other hand, Kulikov already comes at a reduced price after signing a two-year contract with the Minnesota Wild in 2021 that carries a cap hit of just $2.25MM. At this point in his career, the 32-year-old is a more traditional stay-at-home defenseman, though there were early years with the Florida Panthers when he ran a powerplay.
He has 15 points in 61 games but is the epitome of “deadline depth,” given his 866 games of experience, physical play, and relatively low cost.
Detroit Red Wings Extend Dylan Larkin
The Detroit Red Wings have been relatively quiet so far in the trade deadline whirlwind, instead choosing to focus on some of their internal negotiations with pending free agents. They recently signed Jake Walman to an extension and have now signed captain Dylan Larkin to a new deal.
The eight-year, $69.6MM contract will keep him in Detroit through the 2030-31 season, and represents a raise to $8.7MM per season. The deal does not include any signing bonuses, according to Frank Seravalli of Daily Faceoff. PuckPedia has the full breakdown:
- 2023-24: $10.0MM + NTC
- 2024-25: $11.0MM + NTC
- 2025-26: $10.0MM + NTC
- 2026-27: $8.0MM + NTC
- 2027-28: $8.0MM + NTC
- 2028-29: $8.0MM + 10-team approved trade list
- 2029-30: $7.5MM + 10-team approved trade list
- 2030-31: $7.1MM + 10-team approved trade list
Larkin, 26, would have entered the open market this summer as one of the youngest and most desirable free agents available. Even at his relatively young age, he has already played in eight full seasons at the NHL level and is in the midst of another season close to a point-per-game. He’ll be near 600 games played before he even turns 27, and is the kind of player that a good team could add to put them over the top.
The question that Red Wings fans will ask is: can you win the Stanley Cup with Larkin as your first-line center?
With a price tag now putting him in the upper echelon of NHL skaters, there will be a ton of pressure on Larkin to live up to those standards and lead the Red Wings back to contention. The Michigan native has spent his whole career with the organization since being selected 15th overall in 2014, and as captain will be looked to as the cause of success or failure.
Back-to-back losses to the Ottawa Senators have made it extremely difficult to reach the playoffs this season, and could potentially turn the Red Wings into deadline sellers. Larkin was held scoreless in both games without registering a shot in last night’s 6-1 thrashing.
But there is also a good argument for spending the money to keep their captain in place. The Red Wings have oodles of young talent that will enter their prime in the next few years, giving Larkin the best supporting cast of his career. Even if he fails to take the step to superstardom, he still represents an excellent player that would be difficult to replace. Make no mistake—teams would be lined up to talk to him in free agency if he reached it.
Detroit general manager Steve Yzerman has set up the books so that the Red Wings can afford to pay a little bit extra to retain Larkin, with only a handful of other players signed to multi-year contracts. With the salary cap going up and still years before he turns 30, this deal may actually look like a bargain down the line.
Chicago Blackhawks Waive David Gust
March 1: After scoring in his debut and appearing in three NHL contests for the Blackhawks, Gust has been placed on waivers. This is required if Chicago intends to send him back to the minor leagues.
Feb 23: The Chicago Blackhawks have made the dream of a hometown kid come true. David Gust, playing with the Rockford IceHogs on an AHL contract, signed a new two-year, two-way NHL contract with the Blackhawks. The deal will carry an average annual value of $762.5K, and allows the team to recall him immediately.
Gust, 29, is an Orland Park native that played the last two years with the Chicago Wolves, despite them being the affiliate of a different organization. This year he has broken out offensively, scoring 50 points in 51 games with Rockford, earning himself this look at the NHL.
Undrafted, the undersized winger has never appeared at the NHL level and has played nearly his whole career on minor league contracts. He’ll now not only get a chance to make some extra money, but do it with his hometown team.
Brock McGinn, Mark Friedman Clear Waivers
March 1: Both players have cleared waivers and can be assigned to the minor leagues, giving the Penguins additional cap space.
Feb 28: The Pittsburgh Penguins continue to use the waiver wire to clear salary off the books, this time waiving Brock McGinn and Mark Friedman, according to Chris Johnston of NorthStar Bets. As the deadline approaches, clearing room could give the Penguins enough flexibility to pull off a more significant move.
McGinn, 29, was one of Ron Hextall‘s first big moves when he took over as general manager in 2021. He signed a four-year, $11MM contract with the Penguins on the first day of free agency after several up-and-down seasons with the Carolina Hurricanes. Almost immediately, it was clear that McGinn’s offensive production would never really materialize as he settled into a checking role in Pittsburgh.
In 2021-22, he scored 12 goals and 22 points in 64 games, numbers that he has yet to match this season. By placing him on waivers, the Penguins could bury $1.125MM of his $2.75MM contract in the minor leagues, or—perhaps hopefully—lose the entire contract to another team, as they did Kasperi Kapanen recently.
Cap space is more valuable for the team right now, especially if the team has something big in the works for the deadline. Reports have emerged several times about Hextall trying to trade McGinn, but it seems like they couldn’t find a taker before being forced into this move.
While Friedman certainly isn’t as expensive—he carries a cap hit of just $775K through next season—he is another asset that can be buried in the minor leagues to open up some room. His entire cap hit will be removed if he clears and is assigned to the AHL, though it isn’t much more than the league minimum.
Winnipeg Jets Sign Evan Cormier
The Winnipeg Jets have added some goaltending depth, signing Evan Cormier to a one-year, two-way contract worth $750K at the NHL level. Cormier had been playing in the organization on an AHL contract but has been limited to ECHL action. This deal allows him to be brought to the NHL as an emergency backup, though it also required him to be placed on waivers today to stay in the minor leagues for now.
Cormier, 25, was a fourth-round pick of the New Jersey Devils in 2016, but wasn’t given a qualifying offer after his entry-level deal expired in 2021. He’s rarely even appeared at the AHL level, and has a .905 save percentage in 27 games with the Kalamazoo Wings this season.
With Mikhail Berdin playing overseas, this is simply a move to give the Jets a little more depth at the position so that they aren’t in an emergency spot at some point down the road. Cormier isn’t expected to dress for the Jets unless several injuries happen simultaneously.