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Islanders Have Offered Extension To Kyle Palmieri

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10:39 a.m.: The Islanders have informed Palmieri he won’t be traded today, per Pierre LeBrun of TSN and The Athletic. They’ll continue working on a deal, and although it may not be done before the deadline, they’re close enough to rule out a move. It’s likely to be a two-year or three-year deal worth less than his current $5MM AAV annually, Andrew Gross of Newsday reports.

9:37 a.m.: While the Islanders moved their top pending UFA late on Thursday when they dealt Brock Nelson to Colorado, it doesn’t mean the same fate is coming for their other veteran in the same situation.  David Pagnotta of The Fourth Period reports (Twitter link) that they’ve offered a two-year contract extension to winger Kyle Palmieri.  If an agreement can’t be reached, then the veteran is expected to be moved before today’s 2 PM CT deadline.

The 34-year-old is in the final season of a contract that carries a $5MM cap charge.  If he winds up being dealt, it’s quite likely that New York will need to retain the maximum of 50% to help facilitate a move, similar to what they did with Nelson.

After a couple of underwhelming seasons to start his tenure with the Isles, Palmieri has rebounded nicely over the last couple of years.  Last season, he bounced back with a 30-goal effort, matching his career high from back in 2015-16 while coming three points shy of matching his benchmark in points, also from the 2015-16 campaign.

While Palmieri isn’t producing at quite the same level this year, he still has 20 goals and 21 assists in 61 games, giving him a shot at another 50-point season.  He’s the type of player who would fit in well on the second line of a lot of contending teams so even if he’s swapped, he still should have a chance at logging close to the 18:13 of ice time he’s getting with New York.

With the pending increase to the salary cap and his production over the last couple of years, Palmieri should be in line for a raise on his current price tag.  But a two-year offer might not be long enough to his liking as it’s quite possible that he could get a longer offer if he goes to the open market in July.  We’ll soon see if New York’s offer is good enough to get something done or if he’ll be on the move over the next few hours.  If they pivot toward moving him, Palmieri does have a 16-team no-trade clause that could come into play.

Stars “Well Short” On Extension Offer For Mikko Rantanen

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Late last night, the biggest domino yet to fall at the deadline saw movement. Multiple reports indicate the Hurricanes and Stars have agreed on the framework of a deal to send star winger Mikko Rantanen to Dallas just weeks after Carolina paid a premium to acquire him from the Avalanche, but it’s contingent on Rantanen and the Stars being in agreement on an extension to keep the pending UFA around past this season.

Progress on that front is minimal, significantly limiting the likelihood of the trade getting across the finish line. Darren Dreger of TSN reports the Stars have offered Rantanen a long-term deal worth upward of $12MM per season, but that’s “well short” of the player’s ask.

The Hurricanes’ efforts to extend Rantanen were similarly unproductive, sparking intense trade discussion this week to avoid losing him for nothing this summer. Elliotte Friedman of Sportsnet said last month they’d submitted an eight-year offer to Rantanen with a total value of at least $100MM, translating to an AAV of at least $12.5MM, but that he was unwilling to commit to the Carolina market.

Financials may not have been the principal issue with the Canes’ offer, but it does appear to be the issue with Dallas. Trade talks likely wouldn’t have advanced this far if Rantanen was generally disinterested in an extension with the Stars, so there’s presumably a price point at which Dallas can get this done without vastly overpaying on his market value. Whether the Stars, who need to conserve space for an extension for pending RFA Wyatt Johnston and potentially retaining captain Jamie Benn past this year, are willing to go much higher than their initial offer remains to be seen. Leading scorer Matt Duchene is also a pending UFA.

Dallas currently has $25.8MM in projected cap space for 2025-26 with nine open roster spots, per PuckPedia. An extension for Rantanen in the $13MM range annually, which is looking more like his demand, would leave the Stars with around $12.5MM in space for eight players, with Johnston likely to take at least 65-70% of that on his own. It’s not a feasible pickup for the Stars unless they’re willing to make some tough decisions about letting core pieces reach the open market or trading players with term off their roster.

Even if a Rantanen deal falls through, it’s hard to imagine Dallas is done for the day. They’ve still got holes at right defense that need filling, currently rolling out a trio of Cody Ceci, Mathew Dumba, and Ilya Lyubushkin while Miro Heiskanen is sidelined. For now, they’ve got a good deal of cap flexibility to accomplish it with Tyler Seguin and Nils Lundkvist on LTIR, both of whom are either likely or confirmed to be done for the regular season.

Capitals Acquire Anthony Beauvillier From Penguins

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The Capitals announced the acquisition pending UFA winger Anthony Beauvillier from the Penguins for their 2025 second-round pick. After losing Jakub Vrána on waivers to the Predators yesterday, Washington had an open roster spot, so they won’t need to make a corresponding move.

Beauvillier, 27, spent less than an entire season with the Pens and now moves to his sixth team in the past three years. Pittsburgh signed him last offseason to a one-year, $1.25MM contract, and he’s played in every game this season aside from a healthy scratch in January. He has 13-7–20 in 63 appearances, including a minus-one rating and 120 shots on goal while averaging an even 13 minutes per game.

A first-round pick by the Islanders back in 2015, he hit the 20-goal mark in his sophomore season back in 2017-18 but hasn’t touched it since. He remained in New York until he headed to the Canucks in 2023 in the Bo Horvat deal. 2023-24 saw him change teams twice – first heading from Vancouver to Chicago via trade before the Blackhawks flipped him to the Predators at the deadline. Amid the movement, he had just 5-12–17 in 60 games and understandably took a significant pay cut last summer from his previous $4.15MM AAV.

With insane costs on the rental market this March, the Capitals turn to a more inexpensive pickup to address their need for an additional bottom-six winger – both in terms of acquisition cost and salary. Washington still has $3.175MM in flexibility after the pickup, per PuckPedia, so they may not be done adding to their roster. He’ll likely replace recent AHL call-up Ethen Frank in a bottom-six role and, while not a significant impact piece by any stretch, softens the blow of losing Vrána as a solid depth scorer on the waiver wire.

The Penguins now have a second-rounder in this year’s draft after trading theirs to the Canadiens in the 2023 Erik Karlsson three-team blockbuster. Washington, meanwhile, owns the Bruins’ second-rounder this year after acquiring it in the Dmitry Orlov deal at the 2023 deadline.

Elliotte Friedman of Sportsnet was first to report the trade. Chris Johnston of TSN and The Athletic was first on the return.

Kings Shopping Brandt Clarke

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The Kings are shopping 2021 No. 8 overall pick Brandt Clarke as they search for a needle-moving upgrade on the wing ahead of the deadline, per Greg Wyshynski of ESPN.

Clarke, 22, has yet to receive a legitimate run at top-four minutes on the Los Angeles blue line. This is really the defender’s first full-time NHL season in earnest, only appearing in nine games in 2022-23 and 16 in 2023-24. He had a golden opportunity to prove he could play higher up in the lineup when fellow righty Drew Doughty started the year on injured reserve following ankle surgery, but even then, he rarely received top-four deployment. He’s only played north of 20 minutes in a game eight times this season, all coming in October and November.

Nonetheless, the 6’2″ righty trudged on with great results in his limited usage. He leads the Kings’ blue line in scoring with 4-21–25 through 56 games, with a good chunk of that production coming at even strength. He was technically the Kings’ top power-play quarterback when Doughty was sidelined through late January, but the team’s man-advantage units have struggled with just a 15% success rate in 2024-25. His possession impacts against lesser competition at even strength are sterling, controlling 54.7% of shot attempts for the second-best share among defenders on the team behind Jordan Spence.

He’s still been chastised for a lack of physicality, registering 16 hits on the year. While he may not engage along the boards, that’s an unfair assessment. His 97 blocks are tied for second on the team behind Vladislav Gavrikov despite his third-pairing deployment, and unlike in other circumstances, that isn’t an indication of Clarke simply not being able to maintain possession of the puck at even strength. In essence, his performance in just 16:13 of average ice time per game this year paints a much rosier picture of Clarke’s two-way potential than some would otherwise caution. That makes his two healthy scratches in the Kings’ last three games a puzzling choice for a club that ranks 24th in goals per game and 19th in shots per game this season.

The Ottawa native is also extremely decorated outside of the NHL. Already an AHL and CHL All-Star with a World Juniors gold medal under his belt, he’s still got one year left on his entry-level contract and rightfully ranked as the top prospect in L.A.’s system by McKeen’s Hockey last fall. While no longer considered a prospect considering his emergence into a full-time NHL role, he ranks fifth among U-23 defensemen in scoring this season behind Jake Sanderson, Owen Power, Lane Hutson, and Luke Hughes.

Needless to say, he’ll be an extremely valuable asset and will comprise most of the return value if Kings general manager Rob Blake makes an aggressive push for a top-six winger like Brock Boeser or Brad Marchand.

Canadiens Unlikely To Move Both Joel Armia, David Savard

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The Canadiens are receiving high interest in pending UFAs Joel Armia and David Savard. With a playoff spot still in reach, though, they’re not likely to sell both players off before this afternoon’s deadline, Pierre LeBrun of TSN and The Athletic writes.

That’s disappointing news for parties like the Jets, who David Pagnotta of The Fourth Period reports have a desire to acquire both. The Capitals and Oilers have also made inquiries on Armia, while the Maple Leafs have talked about picking up Savard from their chief rival to complement their blue line.

Montreal is just one point out of the final wild card spot in the Eastern Conference, but they’ve played one more game than the Senators, who currently hold the spot. There are currently five teams within two points of each other in wild card contention, too, yielding playoff odds of only 14.8% for the Habs, per MoneyPuck. That’s the lowest of the teams in that bubble.

Armia, in particular, has been a significant driver of Montreal’s unexpected success this season. The 31-year-old winger has re-emerged as a bottom-six fixture after a tumultuous 2023-24 season, which saw him clear waivers and log his first minor-league action since the 2015-16 campaign. Since being added back to Montreal’s roster after his brief AHL stint to begin last year, the 6’3″ Finn has posted 27-22–49 in 127 games for a 17-goal, 32-point pace per 82 games. He’s done so while averaging about 15 minutes per game, serving on the Habs’ top penalty kill unit with the recently-extended Jake Evans. He’s also got a plus-three rating on a team with a cumulative -33 goal differential at 5v5 over the last two years.

He’s in the final year of a four-year, $13.6MM deal he signed with Montreal following his strong showing in their run to the 2021 Stanley Cup Final. Carrying a $3.4MM cap hit, interested parties may want some salary retention for a player who will factor into a third- or fourth-line role for them. Montreal has one retention slot left and is willing to use it this deadline for the right price, according to Pagnotta.

Savard has been less of an impact piece. His ice time has been slashed in what’s now his age-34 season, averaging under 18 minutes per game for the first time in a decade. The right-shot defender has 1-11–12 in 55 games this year, but grades out as Montreal’s worst possession player at even strength with a 41.7 CF% and 40.4 xGF%. He’s a highly low-event player. Montreal only allows 2.8 goals per 60 minutes with Savard on the ice at even strength, fourth on the team among players with at least 20 games. However, he’s becoming a significant enough liability offensively to cause concern. Montreal only generates 50.2 shot attempts per 60 with Savard on the ice at even strength, according to Natural Stat Trick, the worst number on the team aside from Patrik Laine’s 50.1.

Blackhawks Discussing Extension With Ryan Donato

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As a pending unrestricted free agent, there has been an expectation that the Blackhawks would be moving forward Ryan Donato before today’s 2 PM CT trade deadline.  However, that might not be the case, as Pierre LeBrun of TSN and The Athletic reports (Twitter link) that the two sides are discussing a potential contract extension.  Even if an agreement on that front can’t be reached, LeBrun adds that teams have been told that Chicago won’t move him unless they’re blown away with an offer.

The 28-year-old is in the midst of a career year, tallying 23 goals and 23 assists in 60 games, buoyed by a 16.9 shooting percentage.  By comparison, his previous personal best in points in a season was 31.  Perhaps more impressively is that he has done so without a dramatic jump in playing time as Donato is logging just 15:30 per night.

Donato is in the final season of a two-year, $4MM contract signed with Chicago after Seattle non-tendered him back in 2022 to avoid giving him salary arbitration eligibility.  With the year he’s having, Donato appears to be well on his way to potentially doubling his current price tag if not more on his next deal.

In the meantime, GM Kyle Davidson has set a high asking price for Donato’s services.  Earlier this week, as relayed by All CHGO’s Mario Tirabassi, Daily Faceoff’s Frank Seravalli reported that the Blackhawks are seeking a first-round pick to move Donato.  While that might seem lofty given his overall track record of being more than a depth scorer, Donato has been a legitimate top-six forward this season and his price tag from a salary cap perspective is much cheaper than many of the other top-six options out there.  Notably, Chicago has used its three retention slots so they won’t be able to pay down any of the contract to help facilitate a move.

Clearly, Chicago’s preference is to get Donato locked up to a new deal but even if that doesn’t happen, it appears as if there’s at least a chance he’ll remain with the Blackhawks for at least the rest of the season.

Maple Leafs Showing Interest In Several Bottom-Six Forwards

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With their cap space relatively limited (though likely to grow once Ryan Reaves is off the roster either via waivers or AHL assignment), the Maple Leafs appear to be looking at some lower-cost options up front.  David Pagnotta of The Fourth Period reports (Twitter link) that among the bottom-six players Toronto is looking at are Kraken winger Brandon Tanev and Sharks forward Luke Kunin.  Meanwhile, Pierre LeBrun of TSN and The Athletic adds (Twitter link) that they’re also in the mix for Flyers center Scott Laughton.

Tanev is in the final season of a six-year, $21MM contract carrying a $3.5MM AAV.  The 33-year-old had a breakout offensive year in 2022-23, a campaign that saw him set new personal bests in goals (16), assists (19), and points (35).  However, he hasn’t been able to reach that point total in the last two seasons combined as he has reverted to his more typical level of production.

This season, Tanev has nine goals and eight assists through 61 games.  Of course, physicality is his main calling card and he’s once again averaging over two hits per contest.  He’s also Seattle’s most-used forward on the penalty kill which will make him more appealing to Toronto and other playoff contenders.  He has a 10-team no-trade list which could come into play depending on where he’s moved, assuming the Kraken find a swap to their liking.

Kunin, meanwhile, is the most versatile player out of this group as he can be deployed at all three forward positions.  The 27-year-old has only reached the 30-point mark once in his career, that being back in 2019-20 when he had 31 points in 63 games.  He has equaled his line from last year, tallying 11 goals and seven assists in 63 contests while chipping in with 163 hits.  Like Tanev, Kunin is also heavily used on the penalty kill.

He’s in the last year of his contract, one that carries a $2.75MM AAV.  Notably, San Jose does not have any remaining retention slots while Toronto doesn’t quite have enough money to bring him in, even if Reaves is off the roster.  So if the Maple Leafs are to land Kunin, they’ll either have to open up some more cap space or a third team will need to get involved to retain a chunk of the contract.

As for Laughton, he’s more of a higher-end bottom-six piece.  Through 59 games this season, he has 11 goals and 16 assists, his second straight season of a decline in per-game production.  Of course, the 30-year-old is known for his sound defensive game and brings the size, physicality, and penalty killing acumen that many teams are known to be coveting.

Notably, Laughton has another year left on his contract on a deal that carries a $3MM AAV.  Between that and the dearth of centers available, Philadelphia is believed to have set a high asking price for Laughton’s services, a package that includes a first-round pick.  If Toronto GM Brad Treliving wants to make a longer-term splash over going for a rental, he’ll have to pay a pretty hefty price to do so.

Stars Working On Acquiring Mikko Rantanen, Extension Talks Underway

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6:55 a.m.: As of yet, a deal is not done, cautions TSN’s Darren Dreger.  Unless the two sides can agree on an extension, Carolina may have to consider other options.  Discussions about an extension are expected to resume this morning, Daily Faceoff’s Frank Seravalli adds.

6:17 a.m.: The Hurricanes and Stars have agreed on a deal to send Rantanen to Dallas in principle, Friedman reports, but it’s contingent on an extension being agreed to or extremely close. As of early Friday morning, that hasn’t happened yet.

12:18 a.m.: The eve of the Trade Deadline has turned into a thriller. Per Sportsnet’s Elliotte Friedman, The Dallas Stars are working to land superstar winger Mikko Rantanen from the Carolina Hurricanes. News of this move comes just over an hour after division rival Colorado Avalanche acquired Brock Nelson from the New York Islanders.

This was certainly the move many were waiting for at this year’s deadline. Rantanen will leave the Carolina organization after just 13 games with the club. The Hurricanes traded top winger Martin Necas, young NHL center Jack Drury, a 2025 second-round pick, and 2026 fourth-round pick to the Avalanche in exchange for Rantanen in late January. The move came suddenly, and speculation that Rantanen wouldn’t sign the extension Carolina hoped for quickly formed. With a quick-forming impasse, Carolina has opted to flip Rantanen before their chance ran out.

Trade details haven’t yet been revealed, but the return will need to be expansive for a player of Rantanen’s caliber. He scored 25 goals and 64 points in 49 games with Colorado before his first trade. That’s an incredible 82-game pace of 41 goals and 107 points, which would have been well in line with Rantanen’s performances over the last two seasons. He was a star after just two seasons in the NHL, posting 84 points in his sophomore season. But Rantanen became a superstar in 2021-22, when he recorded 92 points in a full regular season then added 25 points in 20 games on Colorado’s Stanley Cup run. He followed it with a career-high 55 goals and 105 points in 2022-23. Even better, he showed he could do it again with 104 points last year.

Rantanen is a star – and became the preferred battery mate for Avalanche superstar Nathan MacKinnon. Now, Rantanen will face the incredibly difficult task of playing across from MacKinnon as Dallas and Colorado battle for playoff standing. Both teams seem well on their way to a postseason berth, and stand as constant threats to make a late run once they make it to the playoffs.

Dallas will certainly part with key stars in the acquisition of a multi-time 100-point scorer. But Rantanen will inevitably join a loaded offense in Texas. The Stars rank fourth in the NHL in goals-per-game (3.40) – two spots ahead of the Colorado Avalanche (3.30). Their offense is led by top shooter Jason Robertson with 27 goals and 64 points in 62 games. Robertson is backed by Matt Duchene (63 points), Wyatt Johnston (59), and Roope Hintz (52). The Stars have dazzling young stars like Logan Stankoven and Mavrik Bourque – the former a proven hot commodity and the later one of the youngest AHL MVPs of the 2000s. Neither has managed top scoring this season, which could help Dallas move on from a high-value item without hindering their top-echelon offense.

The cap implications of this move are sure to be interesting. Rantanen carries a reduced $4.625MM cap hit through the end of the season, after Colorado retained 50 percent on the original trade. That’s just narrowly more than Dallas can afford with their $4.60MM projected cap space. That could necessitate additional cap exchange in this swap. It will undoubtedly be an exciting trade – one that Friedman shares could unfold through the depths of the night.

Oilers Acquire Jake Walman From Sharks

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3/7: The Edmonton Oilers have confirmed the acquisition of Walman, documenting the return as a conditional 2026 or 2027 first-round pick and minor-leaguer Carl Berglund. Berglund has 12 points in 45 AHL games this season.

3/6: According to David Pagnotta of The Fourth Period, the San Jose Sharks and Edmonton Oilers are working on a trade that would send defenseman Jake Walman north to Alberta. Pagnotta later shared that the trade is nearly complete, and there are rumblings that a first-round pick is headed to San Jose. TSN’s Ryan Rishaug added that Edmonton is expected to send a prospect back to the Sharks as a part of the deal, and the pick will have conditions on it.

The deal may take some time to finalize. Frank Seravalli of Daily Faceoff reported that the Oilers have some roster constraints, meaning the trade may not be completed until later tonight or early tomorrow morning.

In another master class move with one of his assets, general manager Mike Grier continues to collect future assets for the Sharks. Remaining one of the more baffling moves of the summer, San Jose acquired Walman and a 2024 second-round pick from the Detroit Red Wings for future considerations last off-season. He’s now added two picks in the top 64 at no cost.

Walman has thrived in his new environment, too. He leads all San Jose defensemen in scoring with six goals and 32 points in 50 games, averaging 23:11 of ice time per night. He hasn’t been a drain on their possession metrics either, as Walman has maintained a 49.4% CorsiFor% at even strength, which is good for fourth on the team.

To put this season into perspective, Walman is only seven points away from matching his total point production with the Red Wings. Granted, he’s averaged nearly four minutes more a night, but it’s still a noteworthy development for the Toronto native.

He should fit seamlessly into the Oilers’ lineup. Although Edmonton could have used a right-handed defenseman, Walman isn’t a stranger to playing his off-side. He’ll join Evan Bouchard, Mattias Ekholm, and Darnell Nurse in the Oilers’ top four, giving them flexibility to build their bottom pairing with Brett Kulak, John Klingberg, Ty Emberson, and Troy Stecher.

Unfortunately, Walman doesn’t have much postseason experience. Despite the 2024-25 campaign being his seventh year in the NHL, Walman has one postseason contest to his name, coming back in the 2021 Stanley Cup playoffs with the St. Louis Blues. Walman can rely on his teammates for that, given that much of the roster made it to Game Seven of the 2024 Stanley Cup Final less than a year ago.

The last major benefit to Edmonton is that Walman is signed to an affordable $3.4MM salary through next season. The team still has to figure out a new contract for Bouchard, but Walman gives them more clarity on their blue line, at the very least.

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