Two-Way Deals: 7/1/25
As major signings come in around the NHL today with the 2025-26 league year beginning, teams are shoring up their minor-league depth as well by signing players to two-way contracts. We’re keeping track of those signings today in this article, which will be continuously updated. Deals are one year unless otherwise noted.
Boston Bruins
F Riley Tufte ($775K NHL) – Ty Anderson of 98.5 The Sports Hub
D Jonathan Aspirot ($775K NHL) – Ty Anderson of 98.5 The Sports Hub
G Luke Cavallin ($775K NHL) – Ty Anderson of 98.5 The Sports Hub
Buffalo Sabres
F Riley Fiddler-Schultz ($865K NHL/$90K SB/$35K PB/$85K AHL) – PuckPedia // two years, entry-level
F Carson Meyer ($775K NHL/$350K AHL Y1 – $375K AHL Y2) – PuckPedia // two years
D Mason Geertsen ($775K NHL/$425K AHL) – Elliotte Friedman of Sportsnet // two years
D Zachary Jones ($900K NHL/$550K AHL) – PuckPedia
D Zach Metsa ($775K NHL/$250K AHL/$325K gt’d) – PuckPedia
Calgary Flames
D Nick Cicek ($775K NHL) – team release
Carolina Hurricanes
G Amir Miftakhov ($775K NHL/$100K AHL/$240K gt’d) – PuckPedia
Chicago Blackhawks
F Dominic Toninato ($850K NHL) – team release // two years
Colorado Avalanche
F T.J. Tynan (unknown) – team release
D Jack Ahcan (unknown) – team release
D Ronald Attard ($775K NHL/$450K AHL/$500K gt’d) – PuckPedia
Columbus Blue Jackets
F Owen Sillinger (unknown) – team release
D Christian Jaros (unknown) – team release
Dallas Stars
D Niilopekka Muhonen (unknown) – team release // three years, entry-level
Edmonton Oilers
D Riley Stillman ($775K NHL/$475K AHL) – PuckPedia // two years
G Matt Tomkins ($775K NHL/$400K AHL/$450 Y2 gt’d) – PuckPedia // two years
Florida Panthers
F Nolan Foote ($775K NHL/$150K AHL/$250K gt’d) – PuckPedia
F Jack Studnicka ($775K NHL/$450K AHL) – Chris Johnston of TSN/The Athletic
G Brandon Bussi ($775K NHL/$400K AHL) – PuckPedia
G Kirill Gerasimyuk (unknown) – team release // two years, entry-level
Los Angeles Kings
F Cole Guttman ($775K NHL/$450K Y1 – $475K Y2 AHL/$475K gt’d Y1 – $500K gt’d Y2) – PuckPedia // two years
Minnesota Wild
F Tyler Pitlick ($775K NHL/$300K Y1 – $350K Y2 AHL/$325K gt’d Y1 – $375K gt’d Y2) – PuckPedia // two years
D Ben Gleason ($800K NHL/$475K AHL) – PuckPedia
Montreal Canadiens
F Alex Belzile (unknown) – team release
D Nathan Clurman ($775K NHL/$125K AHL/$140K gt’d) – PuckPedia
New Jersey Devils
D Calen Addison ($775K NHL/$325K AHL/$400K gt’d) – PuckPedia
F Angus Crookshank ($775K NHL/$425K AHL/$475K gt’d) – PuckPedia // two years, one-way in 2026-27
New York Islanders
F Matthew Highmore (unknown) – team release
D Ethan Bear ($775K NHL/$325K AHL/$425K gt’d) – PuckPedia
D Cole McWard (unknown) – team release
New York Rangers
D Derrick Pouliot ($775K NHL/$400K AHL/$425K gt’d Y1 – $450K gt’d Y2) – PuckPedia // two years
Ottawa Senators
F Wyatt Bongiovanni ($775K NHL/$160K AHL) – PuckPedia
F Olle Lycksell ($775K NHL/$450K AHL/$500K gt’d) – Darren Dreger of TSN
Philadelphia Flyers
F Lane Pederson ($775K NHL/$525K AHL) – PuckPedia
San Jose Sharks
F Jimmy Huntington (unknown) – team release
F Samuel Laberge (unknown) – team release
F Colin White ($775K NHL/$425K AHL/$475K gt’d) – PuckPedia
D Cole Clayton (unknown) – team release
St. Louis Blues
F Matt Luff ($775K NHL/$400K AHL) – PuckPedia
Tampa Bay Lightning
F Nicholas Abruzzese (unknown) – team release
F Tristan Allard (unknown) – team release // two years, entry-level
F Boris Katchouk (unknown) – team release
D Simon Lundmark ($775K NHL/$250K AHL/$350K gt’d) – PuckPedia // two years
G Ryan Fanti ($775K NHL/$80K AHL) – PuckPedia
Utah Mammoth
F Kailer Yamamoto ($775K NHL/$500K AHL) – PuckPedia
D Scott Perunovich ($775K NHL/$400K AHL/$500K gt’d) – PuckPedia
Vancouver Canucks
F Joseph LaBate ($775K NHL/$350K AHL) – PuckPedia
F Mackenzie MacEachern ($775K NHL/$575K AHL) – PuckPedia // two years
D Jimmy Schuldt ($775K NHL/$500K AHL) – PuckPedia // two years
Winnipeg Jets
F Phillip Di Giuseppe ($775K NHL/$450K AHL) – PuckPedia
D Kale Clague (unknown) – Elliotte Friedman of Sportsnet
Alex Pietrangelo Placed On LTIR, Unlikely To Play Again
Vegas Golden Knights GM Kelly McCrimmon stated today that defenseman Alex Pietrangelo has officially been placed on LTIR and that the veteran is unlikely to play again, reports David Pagnotta of The Fourth Period. McCrimmon’s grim outlook reinforces the picture that both he and Pietrangelo have been painting in recent days regarding Pietrangelo’s future.
On Sunday, after weeks of speculation, it was announced that Pietrangelo would need to undergo “multiple major surgeries” this offseason, likely putting his 2025-26 season in jeopardy. On Monday, things became even more bleak as Pietrangelo and McCrimmon discussed the defender’s future, with Pietrangelo stating how challenging the last few seasons have been on his physical well-being.
“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,” he said.
McCrimmon added that Pietrangelo would need to have bilateral femur reconstruction in order to resume his playing career, and that the procedure would not guarantee a return to health.
“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,” McCrimmon said.
A day later, it appears McCrimmon has seemingly made Pietrangelo’s future official. If this is the end of the road for Pietrangelo’s playing career, the 35-year-old retires with 1,087 games played, 637 points, and two Stanley Cup championships.
Flames Ink Goalie Ivan Prosvetov To One-Year Deal
The Calgary Flames have signed goaltender Ivan Prosvetov to a one-year contract, the team announced. The deal, which is a one-way contract, will come with a $950,000 AAV.
The 26-year-old is a former fourth-round selection of the Coyotes (144th overall) in the 2018 draft. After spending a few seasons in the minors, Prosvetov made his NHL debut during the 2020-21 season, and appeared in 13 games in Arizona over three seasons. After the Coyotes placed him on waivers in October 2023, he was picked up by the Colorado Avalanche and appeared in a career-high 11 games for the Avs that season, compiling a record of 4-3-1. He also appeared in 21 games for the AHL’s Colorado Eagles, where he secured a .921 save percentage and 11-7-2 record.
However, with a career save percentage of just .881 at the highest level, Prosvetov was unable to secure an NHL contract last offseason and instead returned to Russia to try to reinvigorate his career — and appears to have done just that. In one season in the KHL for the CSKA Moscow, Prosvetov posted a .920 save percentage, four shutouts, and a 20-16-2 record.
The 6-foot-5, 200-pound Moscow native joins the Flames’ goaltending room that includes the rising Dustin Wolf, and potentially replaces last year’s backup Daniel Vladař, who signed a two-year, $3.35MM AAV contract with the Philadelphia Flyers earlier today. While Vladař has proved to be a solid veteran backup, he hasn’t eclipsed the .900 save percentage mark since the 2021-22 season. If Prosvetov can maintain the confidence he created in his one season overseas, he could prove to be a smart, affordable addition for GM Craig Conroy.
Ducks Finalize Coaching Staff
The Anaheim Ducks have hired Jay Woodcroft, Ryan McGill, and Andrew Brewer as assistant coaches, finalizing head coach Joel Quenneville’s new staff, according to a team release.
Woodcroft’s hiring had been previously reported, and today’s announcement marks his return to the NHL. He last coached in the league during the 2023–24 season, when he was relieved of his duties as head coach of the Edmonton Oilers. Woodcroft, 48, brings 20 years of coaching experience to the table, and in three seasons as head coach of the Oilers, he led the club to a 79-41-13 record in 133 regular-season games and led them to the 2022 Western Conference Final. It wouldn’t be surprising if Quenneville tasks Woodcroft with leading the team’s power play, as under his watch during the 2022-23 season, the Oilers set an NHL record with a 32.4 percent success rate.
McGill, 56, has 10 years of experience as an assistant coach in the NHL. Most recently, he spent three seasons as an assistant coach with the New Jersey Devils, following five seasons in the same role with the Vegas Golden Knights. In contrast to Woodcroft, McGill specializes in leading the penalty kill and helped guide the Devils to the league’s second-ranked unit last season. With over 25 years of coaching experience, McGill also spent time as a head coach in the AHL, CHL, and WHL.
Brewer, 39, has 15 years of coaching experience, including eight at the NHL level. Brewer is an experienced video coach with previous stops in Detroit (2014–15) and Florida (2020–22). Between those stints, he spent five seasons as an assistant coach with the Toronto Maple Leafs. He most recently served as an assistant coach for the Utica Comets of the AHL.
The team also announced that Dave Manson and Michael Babcock have been named assistant coaches for their AHL affiliate, the San Diego Gulls. Manson, 58, has years of experience coaching in junior hockey, most recently serving as an assistant coach for the Lethbridge Hurricanes of the WHL. He also spent three seasons as an assistant coach with the Oilers, working under Woodcroft during that time. Manson was also the 11th overall selection in the 1985 NHL draft and appeared in 1,103 career games through 16 seasons. Babcock, 30, spent the last two seasons as a skills coach and also spent time in the Ottawa Senators organization in a developmental role. He is the son of long-time NHL coach Mike Babcock.
Hurricanes Acquire K’Andre Miller In Sign-And-Trade With Rangers
5:51 p.m.: The trade is official as reported, the team announced.
4:33 p.m.: The deal will be a sign-and-trade with the Rangers, per Friedman. It will be an eight-year deal for Miller worth a total value of $60MM for $7.5MM per season. He’ll be Carolina’s highest-paid defenseman by a significant margin as a result. A 2026 first-round pick will be part of the return, per Vince Z. Mercogliano of USA Today. The deal is split evenly across this season and is paid entirely in base salary aside from a $2MM signing bonus up front, per PuckPedia. It also includes a 10-team no-trade clause beginning in 2027-28. Larry Brooks of the New York Post reports the full return is a conditional first, the Hurricanes’ 2026 second-round pick, and right-shot defender Scott Morrow. The condition on the 2026 first is that the Rangers will receive the better of Carolina’s or Dallas’ 2026 first-rounders, and it’s top-10 protected, per PuckPedia.
4:16 p.m.: The trade has been agreed to in principle but has yet to be executed because Miller and the Hurricanes are still in talks on a new contract, per Friedman. He adds the trade was made in lieu of an offer sheet Carolina was preparing for Miller.
11:56 a.m.: The Hurricanes are acquiring the signing rights to defenseman K’Andre Miller from the Rangers, Elliotte Friedman of Sportsnet reports. The trade return will center around draft pick compensation, per Vince Z. Mercogliano of USA Today.
After a season full of trade rumors, the Rangers have finally moved on from Miller and brought in Vladislav Gavrikov as his immediate replacement. Since the return package consists of draft pick compensation, this trade closely resembles the 2020 deal in which the Rangers traded defenseman Brady Skjei to the Hurricanes for a first-round pick.
Carolina will assuredly bank on the 2022-23 version of Miller, which was arguably the best season of his young career. During that campaign, Miller scored nine goals and 43 points in 79 games for the Rangers with a +12 rating, averaging nearly 22 minutes of ice time per game. Unfortunately, the Rangers only had the financial flexibility to sign Miller to a two-year bridge deal, but the belief at the time was that they would have liked to have retained him for longer.
Hindsight being 20/20, the Rangers were thankful that they didn’t sign Miller to a longer-term agreement. Since his breakout campaign in 2022-23, Miller has scored 15 goals and 57 points in 154 contests with a +5 rating. His possession and defensive metrics have also dropped, falling from a 51.5% CorsiFor% at even strength to 49.2%, and an 89.8% on-ice save percentage at even strength to an 88.7%.
Still, he has maintained a high level of physicality and continues to block over 100 shots each season. There is reason for optimism that many of his advanced metrics will improve in Carolina, considering that the team has a very deep defensive core and is one of the top possession teams in the league.
The trade also carries implications for the Hurricanes’ unrestricted free agents from their defensive core. Given that the team is planning on making Alexander Nikishin a full-time defender beginning in the 2025-26 season, there is little chance that Dmitry Orlov or Brent Burns will return to Carolina. Due to the trade protection given to the team’s other defensemen, the Hurricanes are likely to move out any of their current blueliners to clear a pathway for Orlov or Burns to return.
Islanders Sign Simon Holmstrom To Two-Year Deal
The Islanders are in agreement with RFA winger Simon Holmstrom on a two-year contract with a $3.625MM cap hit, per TSN’s Darren Dreger. He’ll earn $3.5MM in 2025-26 and $3.75MM in 2026-27.
Holmstrom will opt for a bridge contract after a breakout performance this season. He recorded 20 goals and 45 points in 75 games this season – a full stride forward from the 25 points he scored in as many games last year. The productive year, even on a low-scoring Islanders club, earned Holmstrom routine minutes in the top-six by the end of the season.
A two-year deal will push Holmstrom to prove he can keep up the reliable scoring through another season. He seems a reasonable bet to continue to meet his mark moving forward. Holmstrom recorded a lofty 20.8 shooting percentage this year, though it’s the same mark he managed with 15 goals last season. Holmstrom was similarly productive in the minor leagues, netting 12 goals and 43 points in 68 games of the 2021-32 AHL season, his most recent full year in the minors. The Islanders originally drafted Holmstrom in the first round of the 2019 NHL Draft, following a big year – 20 points in 21 games – in Sweden’s U20 league.
Holmstrom will track back to New York’s second-line right wing with this deal — and look to earn the hardy payday that routine scoring could land him. He’ll be joined by newcomer Jonathan Drouin playing opposite of him, and could be potentially centered by rookie Calum Ritchie – if Ritchie can make the NHL roster out of camp, like he did in Colorado last year.
PHR’s Gabriel Foley contributed significantly to this article.
Alex Delvecchio Passes Away At Age 93
In sorrowful news, the Detroit Red Wings announced that longtime captain and Hall of Famer, Alex Delvecchio, has passed away at the age of 93.
As one of the most legendary players of his era, Delvecchio began his career from a modest upbringing. He originally joined the Red Wings organization in the 1950-51 NHL season after an impressive run with the OHL’s Oshawa Generals. He would never don another team’s uniform.
Becoming a focal point of the “Production Line” with Gordie Howe and Ted Lindsay, Delvecchio helped the Red Wings to three Stanley Cup championships in 1952, 1954, and 1955. The 1955 campaign was the last time the Stanley Cup would be in Detroit until the 1996-97 NHL season.
Despite more than five decades having passed since his last game in the NHL, Delvecchio still shows up on many of the Red Wings’ all-time boards. He remains third in games played (1,550), third in goals (456), fourth in assists (825), and third in points (1,281). Before longtime captain Nicklas Lidstrom played his 1,551st game with Detroit during the 2011-12 campaign, Delvecchio had played the most games in NHL history for one team.
Retiring after the 1973-74 season, Delvecchio was quickly named to the NHL’s Hall of Fame in the 1977 class alongside Tim Horton. After concluding his playing career, he served for several years as the head coach and General Manager of Detroit before leaving hockey entirely in 1977. He was named one of the “100 Greatest NHL Players” in 2017.
It is with deep sorrow that we share of Delvecchio’s passing, and his invaluable contribution to one of the sport’s most iconic franchises. We at PHR offer our condolences to Delvecchio’s family and loved ones.
Penguins Sign Justin Brazeau, Caleb Jones To Two-Year Deals
The Penguins have signed UFA winger Justin Brazeau to a two-year, $3MM contract with a $1.5MM cap hit, Darren Dreger of TSN reports. The team confirmed that deal and also announced a two-year, $1.8MM contract for defenseman Caleb Jones with a cap hit of $900,000.
While the Penguins haven’t been involved with any of the big-name free agents (as expected), GM Kyle Dubas has been busy adding depth pieces, including signing defender Parker Wotherspoon and bringing back forwards Connor Dewar and Philip Tomasino on one-year deals. The strategy aligns with what Dubas outlined for free agency: targeting players under 30 who can compete for roster spots alongside emerging prospects.
Brazeau, 27, provides the Penguins with a physical depth winger with some offensive upside. The 6-foot-6, 227-pound Brazeau recorded 11 goals and 22 points over 76 games last season, split between the Boston Bruins and Minnesota Wild. However, his offensive production dipped during his 19-game stint with the Wild, where he managed just two points while averaging 8:33 of ice time per game. He’ll likely compete for a spot on the Penguins’ bottom-six, with prospects like Joona Koppanen, Avery Hayes, Samuel Poulin, and Filip Hallander waiting in the wings. The Penguins currently have 12 forwards on one-way contracts for next season — not including Rutger McGroarty and Ville Koivunen, who are expected to start the year in Pittsburgh’s lineup — so it’s likely Dubas still has moves to make to trim that group.
Jones, 28, skated in six games for the Los Angeles Kings last season and spent the rest of the season with their AHL affiliate, the Ontario Reign. The lefty has skated in 248 games at the NHL level across seven seasons, producing 14 goals and 55 points. While he’ll compete for a spot on the Penguins’ bottom pairing, he’s likely to start the season in the AHL, where he provides valuable veteran depth if needed.
Hurricanes Sign Mike Reilly
The Hurricanes made a big splash on the back end with the acquisition of K’Andre Miller today. They also have added some depth on the back end as PuckPedia reports that Carolina has signed defenseman Mike Reilly to a one-year, $1.1MM contract. The deal represents a small cut in pay after he made $1.25MM with the Islanders last season.
The 31-year-old was limited to just 18 appearances with New York in 2024-25 but the low number wasn’t performance-related despite notching just two assists. Reilly suffered a concussion in the first game of November and while recovering from that, it was determined that he needed a procedure on his heart, leaving his availability for the rest of the season in question. However, he was able to return to the lineup in mid-March, getting into a handful of games down the stretch.
Reilly is a veteran of over 400 career NHL games but has bounced around along the way, never spending more than three years in the same organization. Overall, he has 18 goals and 106 assists to his name while logging a little more than 17 minutes per game on average.
The Hurricanes will be his fourth team in the last three seasons but the expectations should be the same when he gets in the lineup. Reilly is typically a player who is capable of providing a bit of depth offense and has five years of at least 16 points under his belt. The most recent of those came back in 2023-24 when he had six goals and 18 assists in 61 games between the Panthers and Islanders.
It’s likely that Reilly will start the season as Carolina’s reserve defender as it’s widely expected that top prospect Alexander Nikishin will handle a regular role after joining the Hurricanes for the playoffs. But after the Hurricanes churned through Riley Stillman and Ty Smith through a high amount of recalls and promotions last season, it appears they’ll operate with a full-time seventh option in Reilly who is someone they should be comfortable relying on more frequently than the other two.
Golden Knights Sign Dylan Coghlan, Jaycob Megna, Cole Reinhardt
4:22 p.m.: The Knights confirmed the below signings and also announced a two-year, one-way contract for winger Cole Reinhardt. The former Senators depth piece played a career-high 17 games for Ottawa last year, scoring his first NHL goal and assist.
3:45 p.m.: Vegas has also signed defenseman Jaycob Megna to a two-year, one-way deal worth $800K per season, his agency, Bartlett Hockey, announced. He spent last season in the Panthers organization and was a post-deadline call-up, but mostly played with AHL Charlotte, where he had 16 points and a +26 rating in 64 games. The 6’6″ 32-year-old lefty has a 4-23–27 scoring line in 193 career NHL games with the Ducks, Sharks, Blackhawks, Panthers, and Kraken.
1:09 p.m.: The Golden Knights are bringing in defenseman Dylan Coghlan for his second stint in Vegas on a one-year, one-way league minimum contract, according to Sportsnet’s Elliotte Friedman and Irfaan Gaffar.
Coghlan played through four seasons in the WHL prior to his move to pros, and went undrafted through all three years of eligibility. He was extended an invite to the Detroit Red Wings’ training camp in 2016, but wouldn’t earn his first pro contract until the Vegas Golden Knights’ inaugural training camp in 2017. Vegas signed Coghlan to a three-year, $2.2MM entry-level contract in 2017, and assigned him back to the WHL for his fourth and final season of juniors eligibility. When he was ready to turn pro in 2018, Coghlan was moved to the AHL’s Chicago Wolves, where he managed an impressive 15 goals, 40 points, and plus-four through 66 games of his AHL rookie season. Vegas made the right-shot defender show he could match that performance in the following year. He stumbled to just 11 goals, 24 points, and a minus-nine, but still showed enough strength to join the Golden Knights as an extra defender for the shortened 2020-21 campaign.
Getting his first taste of the NHL, Coghlan posted six points, one penalty, and a minus-three through 29 games. He returned to an NHL role in 2021-22, and managed a stouter 13 points, 18 penalty minutes, and minus-five through 59 games. That season stands as the most Coghlan has played in the NHL – after a 2022 move to the Carolina Hurricanes pushed him back into competition for a fringe lineup role. Since 2022, Coghlan has recorded three points in 23 NHL games and 72 points in 112 AHL games. That includes a career-best 16 goals, 41 points, and 40 penalty minutes in 61 games of the 2023-24 season, which he spent with the AHL’s Springfield Thunderbirds.
Coghlan will offer the Golden Knights high scoring upside at the minor-league level, and a big-bodied extra defenseman at the NHL level. He could help fill the role of Nicolas Hague, who Vegas moved to the Nashville Predators in the days leading up to free agency.
PHR’s Gabriel Foley contributed significantly to this article.