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PHR Mailbag: Maple Leafs, Senators, Breakout Player, Playoffs, Salary Floor

August 30, 2025 at 4:00 pm CDT | by Brian La Rose 4 Comments

Topics in this edition of the PHR Mailbag including a prediction for a breakout player, potential teams to make and miss the playoffs, and more.  If your question doesn’t appear here, check back in our last two mailbag columns.

Spaced-Cowboy: Who do you expect to be the top 6 forward group for the Leafs come opening night or perhaps the deadline?

Let’s get the easy ones out of the way first.  The top two centers will continue to be Auston Matthews and John Tavares.  On the wing, William Nylander and Matthew Knies, fresh off a new deal this summer, are sure bets to play similar roles as they did last season.

But then it starts to get interesting.  I’d pencil in Matias Maccelli for one of the remaining winger spots.  It’s not that Toronto paid a high price to get him that warrants a look in a key role, nor does his performance from last season which left a lot to be desired.  But he’s a pure playmaker and with Mitch Marner departing, Maccelli could plausibly slide into that same role alongside Matthews and Knies to try to keep the same general line structure intact.  He showed enough skill in Arizona to make me think that he can have some success in that role.

The other winger might be Max Domi, more by process of elimination.  I expect head coach Craig Berube to put a third line together that will have some size and defensive acumen with a trio of newcomers Dakota Joshua and Nicolas Roy with possibly Bobby McMann on the other wing.  Domi doesn’t fit on that line, nor is he a great fit on the fourth line either.  At this point, Toronto’s preference is probably to keep him on the wing anyway so his spot on the second line feels like a mixture of fit and convenience.  Easton Cowan could play his way into the mix but starting with the AHL Marlies feels like the likeliest outcome.

Forecasting the trade deadline is a little difficult as like many, I don’t think Toronto is done yet this summer.  We know they want to move out David Kampf and Calle Jarnkrok and doing so would greatly change their salary cap forecast, unless that money is going to Jack Roslovic who has been linked to them for a while now (but might not supplant Domi in that top-six spot anyway).  If they wind up opening up more room before the season and hold it heading into the deadline, they could afford a top-end acquisition while if they can only move one and spend those savings plus more on Roslovic, they could be shopping in more of the secondary market.  How they operate these next few weeks could materially impact their plans in March.

sluggersdad: What is Ottawa’s next move in upgrading their roster? Thanks…

This is a hard one to project.  They have nearly $4.3MM in cap space per PuckPedia which has them in a good spot in theory to add before the season starts.  However, we also know that they are a ‘cash over cap’ team as owner Michael Andlauer alluded to back in June.  Why that matters is that because of that status, GM Steve Staios acknowledged that he wasn’t going to have the green light to spend to the cap ceiling this summer.  So, while they have close to $4.3MM in cap room, how much budget room do they have left?

There’s also the matter of bonuses, of which they have $3.75MM between Claude Giroux and Lars Eller.  Some of them are pretty easy to reach based on games played while others will require some playoff success as well.  But for a cash over cap franchise, any achieved bonuses become payable when reached.  Honestly, I’m not sure they have much, if any, wiggle room in the budget right now to upgrade their roster.

I’d like to give you a specific answer here but in the short term, I don’t think they’re going to do anything.  I could see them sniffing around the PTO market a little bit, especially on the back end if it looks like Nick Jensen is indeed going to miss some time to start the season even though he’s ahead of schedule in his recovery and maybe there’s a minimum-salary contract that comes out of that.  But beyond that, their next move might be at the trade deadline when they have a better sense of their revenue situation that will dictate if they can actually go ahead and add to their player cost budget.  At that point, it would be assess the team’s biggest need and go from there.

NhaTrang: Training camp looms soon, so it’s time for me to come out with my annual “Tage Thompson” question for Brian: who is the guy who comes out of absolutely nowhere to be a significant impact player this season?

Unfortunately, my track record continues to go in the wrong direction.  Thompson was a great pick the first time.  Taylor Raddysh had 20 goals the year I picked him but wasn’t a big breakout player.  I was a year early on Morgan Geekie as it turns out; I picked him in his 39-point year, not his 33-goal effort last season.  And last year’s was arguably the worst one as Kirby Dach battled injuries, as did his projected linemate in Patrik Laine.  The end result was 22 points in 57 games so that one’s a whiff.

For 2022-23, I put in a self-imposed criterion that a player couldn’t be in the top 300 in scoring.  Otherwise, that player wouldn’t exactly be coming out of nowhere.  Given my recent track record, it’s tempting to change it but I’ll continue to stick with it for this year.

I had my best pick with Buffalo so it’s time to go back to that well with winger Zach Benson.  Yes, his sophomore year wasn’t really any better on paper than his rookie campaign but 28 points in 75 games is still respectable for someone who still could have been playing at the major junior level.  And the underlying numbers were pretty solid.  Benson should have a top-six role this season (possibly even playing with Thompson) and I expect him to have a breakout effort.  If all goes well, doubling last year’s point total could be doable and that would be a nice rebound after last year’s pick.

Breakaway: 4-in and 4-out.

Name one team from each division that made the playoffs last year that will not make the playoffs this year. And what four teams replace them?

Atlantic: I would say Toronto and Tampa Bay remain safe bets to get back in.  Florida should be unless Matthew Tkachuk’s absence proves to be a big problem and they start out how they played down the stretch last season before flipping the script in the playoffs.  Ottawa is more or less the same and on the way up so I’m pretty comfortable penciling them in as well.  By process of elimination, that would mean my pick would be Montreal.  They had some good luck on the injury front last year and their underlying numbers weren’t great.  I could see a scenario where they actually play a bit better this season but instead of just making the playoffs, they just miss them.

The challenge is that I have to pick one of the other three to replace them, something I’m not overly confident in.  I expect Boston’s lack of offense to be their downfall and as much as I think Buffalo is capable of improving, their annual self-destruction makes it hard to actually predict that happening.  So I guess it’s Detroit by default with John Gibson giving their goaltending enough of a boost.  But really, this side of the bracket could largely remain the same next season.

Metropolitan: Carolina is always a top regular season team and they’ve improved so they’re in.  New Jersey slipped down the stretch due to injuries but I still think they’re on the way up so I’d have them in.  On the one hand, Washington won the division last year and didn’t change their roster up much but on the other hand, many felt they were a bubble team at best heading into last season.  Did they overachieve?  I guess since I have to pick one to fall out of the race, it’s them.

On the other end, I don’t expect Pittsburgh, Philadelphia, or the Islanders to be real threats.  Columbus is on the way up but as I noted in a recent mailbag, I don’t trust their goaltending to be good enough to get them in there.  That leaves the Rangers.  Things have to be better for them this season, doesn’t it?  Odds being odds, some of their underachievers will turn things around which might be enough to get them back in.

Central: I see no reason to take Dallas or Colorado out.  Winnipeg may very well drop a bit but as long as Connor Hellebuyck remains one of the top netminders, they should be fine.  That leaves St. Louis and Minnesota.  I could make a case for either one making or missing but I’ll go with the Blues continuing their strong play under Jim Montgomery and getting a Wild Card spot and the Wild missing.  For all the cap space they had this summer, they didn’t get a whole lot better unless Vladimir Tarasenko has a resurgence.  A full season from Kirill Kaprizov would help but given Jesper Wallstedt’s struggles in the AHL last year, their goaltending is more of a question mark than they probably hoped.

As for who gets in, Chicago is a safe no.  I think Nashville will be better than last year and they have the veteran talent to surprise and get back in.  But I’ll go with Utah, a team that’s slowly getting better and just added a top-six talent in JJ Peterka.  That, coupled with continued improvement from their young core, means that this could be the year for them to get back in.

Pacific: There’s no reason to think Edmonton and Vegas won’t get back in.  I have no reason to think the Kings won’t get back in either but since I have to pick one who made it to miss, I guess it’s them as the third-place team.

San Jose isn’t ready to push for a playoff spot yet.  Anaheim is better and a bit of a Wild Card but I think they’re still on the outside for one more year.  Seattle can’t stop treading water with a core group that’s not good enough so they’re probably in the same boat as a year ago.  That leaves Calgary and Vancouver.  I feel Dustin Wolf made the Flames more competitive than they actually were so them taking a step back wouldn’t surprise me.  That would mean Vancouver, a team that struggled mightily last year, finds a way to turn it around.  Having said that, five Central teams and three Pacific teams might be what happens again.

SirCobblestone: How do you think teams with low cap hits (San Jose, Chicago) will navigate the ELC of players worthy of staying in the show while respecting the cap floor? (23 roster player limit also.)

This cap part of this question shouldn’t be overly difficult this season.  All 32 teams are already above the $70.6MM floor and once Anaheim eventually signs Mason McTavish, every team should be $5MM clear of that floor.  Eventually, once they start selling, they’ll open up some space but there will surely be salary retention on some players while if they wait until closer to the trade deadline to make those moves, they should be able to comfortably stay above the floor.  Any achieved bonuses from their entry-level players would also count on the books this season, also helping them stay above that minimum spending amount.

As to the roster element, most of the lower-spending teams have veteran fillers on their roster that aren’t really part of their plans.  They’re placeholders, if you will, until those entry-level prospects show they’re ready.  And when they’re ready, they’ll get the spot and the veteran will either be traded or waived and demoted to the minors.

I’ll use a San Jose example since you brought them up.  Let’s say Sam Dickinson shows in training camp that he’s ready for NHL duty, or at least a look with the Sharks to start.  Yes, they already have eight blueliners on their roster but someone like Vincent Desharnais is clearly not part of their long-term plans.  He was acquired as a low-cost roster filler before they knew they’d be adding three veteran blueliners over the summer.  If they have to trade or waive him to open up a spot for Dickinson, they’re not going to think twice about it, they’ll just do it.  And if it’s the latter with him passing through unclaimed, the net savings to San Jose would only be just over $200K, barely enough to make a difference from a cap perspective while a player in and a player out keeps them in compliance with the roster limit.

I think you might be ahead of the game with this question.  A few years from now when the cap is much higher and more teams are operating with an internal budget that’s closer to the floor than the ceiling, I could see this question being asked as those teams might not have pricey placeholder veterans anymore but rather lower-cost ones.  Perhaps at that point, this could be an issue but for the upcoming season, teams should be able to navigate through this just fine.

Photo courtesy of Timothy T. Ludwig-Imagn Images.

Pro Hockey Rumors Originals PHR Mailbag

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Seeking Writers For Pro Hockey Rumors

August 30, 2025 at 3:00 pm CDT | by Josh Erickson 13 Comments

PHR is looking to hire two part-time writers with strong weekend availability preferred. The position pays on an hourly basis, with a workload ranging from 10 to 15 hours per week.

Applicants must meet all of the following criteria:

  • Exceptional knowledge of all 32 NHL teams, with no discernible bias.
  • Knowledge of the salary cap, CBA, and transaction-related concepts.
  • At least some college education.
  • Extensive writing experience, with professional experience and a background in journalism, is strongly preferred.
  • Keen understanding of journalistic principles, ethics, and procedures. Completion of basic college-level journalism classes is strongly preferred.
  • Attention to detail — absolutely no spelling errors, especially for player and journalist names.
  • Ability to follow the site’s style and tone.
  • Ability to analyze articles and craft intelligent, well-written posts summing up the news in a few paragraphs. We need someone who can balance quick copy with thoughtful analysis. You must be able to add value to breaking news with your own insight, numbers, or links to other relevant articles.
  • Familiarity with Twitter/X, X Pro, and other relevant platforms. In general, you must be able to multitask.
  • Flexibility. You must be available to work on week-to-week notice.

If you’re interested, email prohockeyrumorshelp@gmail.com by Sunday, Aug. 31, and in a few paragraphs, explain why you qualify. Be sure to attach your resume to the email.

We understand that many of those who read this have applied in the past. If you have previously submitted an application for PHR and are still interested, please submit it again. Many will apply, so unfortunately, we cannot respond to every applicant.

Newsstand

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West Notes: Kaprizov, Armia, Sharks

August 30, 2025 at 2:34 pm CDT | by Brian La Rose Leave a Comment

The future of Kirill Kaprizov with the Wild beyond this season has garnered plenty of attention with the winger now extension-eligible.  But nearly two months into that eligibility, no agreement has come to fruition just yet.  Speaking in a recent KFAN appearance (Twitter link), GM Bill Guerin seemed confident that a deal eventually will get done:

We’ve been talking all summer. Things are good. Things are in a good spot. I’m comfortable with where everything is. I’m confident. Kirill loves Minnesota. I know he loves Minnesota. I know he believes in the team. These things just take time.

When healthy, Kaprizov has been one of the top-scoring wingers in the NHL.  He’s reached the 40-goal mark three times in his five-year career and was producing at a 50-goal pace last year before he ultimately missed half the season due to injuries.  The Wild’s top priority this summer was trying to get a new deal in place for him, we’ll see soon enough if they’re able to get something across the finish line with training camps now just a few weeks away.

More from the Western Conference:

  • As part of their July 1st spending spree, the Kings added winger Joel Armia on a two-year, $5MM contract. Zach Dooley of LA Kings Insider wonders if the 32-year-old might wind up as their best value signing.  It’s expected that he’ll line up on the fourth line at even strength which means his playing time and production might drop from a year ago (14:18 and 29 points) but his ability to kill penalties should take some of the pressure off their top-line penalty killers from a year ago, freeing them up to focus a bit more on their offense.
  • Earlier this month, the Sharks and the City of San Jose reached a tentative agreement on a plan that would see their arena undergo a seven-year upgrade with the team committing to stay through 2050-51, pending ratification from City Council. Curtis Pashelka of The Mercury News relays that the approval was made official earlier this week, ensuring that the team won’t be going anywhere for a long time.

Los Angeles Kings| Minnesota Wild| San Jose Sharks Joel Armia| Kirill Kaprizov

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Nick Jensen Ahead Of Schedule In Recovery From Hip Surgery

August 30, 2025 at 1:08 pm CDT | by Brian La Rose Leave a Comment

When Senators defenseman Nick Jensen underwent hip surgery after Ottawa’s playoff appearance, it was unclear how long he’d be out for.  While a firm timeline remains unknown, Postmedia’s Bruce Garrioch reports that the blueliner’s recovery appears to be ahead of schedule.

Back in May when he had the procedure, GM Steve Staios stated his intent “to address the club’s defence after learning the extent of Jensen’s ailment.”  That was a clear suggestion that the initial assessment would be that he’d miss some time at the start of the upcoming season.  He indeed addressed the right side of their back end at the draft with the acquisition of right-shot blueliner Jordan Spence from Los Angeles, shoring up their depth on Jensen’s side of the ice.

Jensen’s first season with the Senators was solid despite the fact he played through the injury in the second half of the year as well as the playoffs.  Acquired as part of the return for Jakob Chychrun last July, he got into 71 games during the regular season, picking up 21 points while logging over 20 minutes per contest for only the second time in his nine-year career.  He was held off the scoresheet in their six playoff outings against Toronto while averaging a little less than 21 minutes per contest.

Suffice it to say, Jensen is a key part of Ottawa’s top four on the back end while the upcoming season is also notable for him as he’s in the final year of his contract that carries an AAV of $4.05MM.  He’ll be wanting to demonstrate that he’s fully recovered and worthy of a new agreement that could push past the $5MM mark but as Garrioch notes, hip surgeries generally carry a recovery time of four to six months.  If things went absolutely perfectly, he could be ready by the end of training camp but given Jensen’s importance to the team, erring on the side of caution and not rushing him back might make the most sense in the long run, even if he is ahead of schedule in his recovery.

Injury| Ottawa Senators Nick Jensen

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Minor Transactions: 8/30/25

August 30, 2025 at 11:18 am CDT | by Brian La Rose Leave a Comment

With international and junior leagues starting to get their preseasons underway, there have been a lot of minor moves in recent days.  Here’s a rundown of those with some NHL ties.

  • Capitals prospect Miroslav Satan has changed teams as OHL Saginaw recently announced that they’ve signed him for the upcoming season. The 19-year-old forward was a seventh-round pick by Washington in 2024, going 204th overall but struggled considerably at the USHL level last season in his first taste of playing in North America.  In 45 games combined between Sioux Falls and Omaha, Satan managed just three goals and one assist while he also suited up in three games for the Slovaks at the World Juniors.  Washington has until June 1st, 2028, to sign him so there’s still lots of time for Satan to turn things around; he’ll hope a different league will help make that happen.
  • After spending the last decade in Tampa Bay’s organization (primarily in the minors), UFA winger/defenseman Daniel Walcott announced (Twitter link) that he will not be returning to Syracuse. The 31-year-old played in 494 games for the Crunch over 10 seasons while also getting into one game with the Lightning.  The AHL has a restriction on how many veterans a team can dress and that is likely playing a role in Walcott not returning for an 11th year with the team.
  • While the Sabres non-tendered forward Bennett MacArthur in June, he’ll technically remain affiliated with the organization as their ECHL affiliate in Jacksonville announced that they’ve signed him to a one-year deal. The 24-year-old split last season between the ECHL affiliates of Pittsburgh and Buffalo, notching 10 goals and 20 assists in 64 games.
  • Meanwhile, another non-tendered Sabres UFA this summer has also secured a place to play for the upcoming year as Dynamo Moscow of the KHL announced that winger Alexander Kisakov’s tryout was successful and that he has been given a one-year deal. The 22-year-old was a second-round pick in 2021 but struggled in the AHL, notching just 25 points in 93 games over the course of his three-year, entry-level contract.

ECHL| KHL| OHL| Transactions| Washington Capitals Alexander Kisakov| Bennett MacArthur| Daniel Walcott| Miroslav Satan

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Zach Hyman Unsure He’ll Be Ready To Start The Season

August 30, 2025 at 9:29 am CDT | by Brian La Rose 1 Comment

Back in late May, Oilers winger Zach Hyman suffered a dislocated wrist in the Western Conference Final, resulting in surgery that kept him out for the rest of their playoff run.  The veteran told NHL.com’s Dan Rosen that while his recovery is on track, he’s unsure if he’ll be cleared by the time the regular season gets underway in early October.

Unlike 2019, when he was working his way back from a knee issue, Hyman has been able to skate regularly but still needs a brace on his wrist.  His ability to build up strength on that wrist will go a long way toward determining if he’ll be cleared for opening night.  He has one more meeting scheduled with the surgeon as well.

In 2023-24, Hyman surprised many with a 54-goal season after reaching the 30-goal plateau for just the first time in his career the year before.  That meant expectations for him were quite high heading into last season.  However, he wasn’t able to produce anywhere near that level.  In 73 games, he notched 27 goals (still tied for the third-best mark in his career) along with 17 assists and produced at a somewhat similar clip in the playoffs before the injury, tallying six goals and five helpers in 15 contests.

As things stand, Edmonton projects to have less than $226K of cap space heading into the season, per PuckPedia.  That doesn’t give them much in the way of wiggle room for injury insurance if Hyman isn’t available to start the season; the minimum salary is $775K.  Meanwhile, for Hyman to become LTIR-eligible (which would open up some short-term flexibility), he’d have to miss at least the first 10 games and 24 days of the season and at this point, there’s no guarantee he’d need to miss that much time if he’s not available on opening night.  Accordingly, Hyman’s availability (or lack thereof) will be one of the key storylines heading into training camp next month for the Oilers.

Edmonton Oilers| Injury Zach Hyman

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Salary Cap Deep Dive: Dallas Stars

August 29, 2025 at 9:00 pm CDT | by Brian La Rose Leave a Comment

Navigating the salary cap is one of the most important tasks for a front office.  Teams that can avoid total cap chaos by walking the tightrope of inking players to deals that match their value (or compensate for future value without breaking the bank) remain successful.  Those who don’t often see struggles and front office changes.

PHR will look at every NHL team and give a thorough look at their cap situation for the 2025-26 season.  This will focus more on players who are regulars on the roster versus those who may find themselves shuttling between the AHL and NHL.  All cap figures are courtesy of PuckPedia.  We’re currently covering the Central Division, next up are the Stars.

Dallas Stars

Current Cap Hit: $95,094,916 (below the $95.5MM Upper Limit)

Entry-Level Contracts

D Lian Bichsel (two years, $918K)

Potential Bonuses
Bichsel: $500K

Bichsel split time between Dallas and AHL Texas last season before being a regular for them in the playoffs, albeit with limited playing time.  He should crack the roster on a full-time basis this year but still in a third-pairing role, which doesn’t bode well for reaching his bonuses.  Given their longer-term cap situation which we’ll get into as we go along, it would be surprising if his next deal isn’t a short-term bridge contract, likely around the $2MM range.

Signed Through 2025-26, Non-Entry-Level

F Nathan Bastian ($775K, UFA)
F Jamie Benn ($1MM, UFA)
F Mavrik Bourque ($950K, RFA)
D Thomas Harley ($4MM, RFA)
D Nils Lundkvist ($1.25MM, UFA)
D Alexander Petrovic ($775K, UFA)
F Jason Robertson ($7.75MM, RFA)

Potential Bonuses
Benn: $3MM

Robertson’s situation has garnered plenty of attention with his name coming up in trade speculation.  He’s averaging over a point per game for his career and has notched at least 79 points in four straight seasons.  That’s top-line numbers and he’ll be looking for top-line money next summer which should push his cap charge well past the $10MM mark.  Notably, his qualifying offer is $9.3MM with salary arbitration rights.  Benn re-signed this bonus-laden deal to allow Dallas to keep cap-compliant this season, one that is team-friendly even with the bonuses.  $2MM of that is games-played based while the other $1MM is based on team playoff success.  If he wants to remain with the Stars beyond this season, it’s probably going to be on a similarly structured agreement.

Bourque was a speculative offer sheet candidate this summer but agreed to this deal before the draft to take that off the table.  Had he tested restricted free agency, he’d have landed more than this but the one-year term sets him up for arbitration eligibility and a shot to triple this or more next summer if all goes well.  Bastian was a recent signing from the Devils and has been a physical fourth liner throughout his career but his offensive production has largely been limited.  That should keep him around the minimum salary barring a big jump in output.

While Robertson’s case has garnered the majority of the attention for next year’s free agency, Harley’s is arguably just as significant.  He showed last season that his 2023-24 breakout effort was no fluke, taking on an even bigger role and being just as productive.  He is now a legitimate top-pairing player.  As a result, this could be a situation where his pay increase next summer is higher than what Robertson’s is going to be.  Noah Dobson’s eight-year, $9.5MM AAV contract signed this summer looms large as a viable comparable while ticking past $10MM per season is a real possibility as well.  Notably, he’s not UFA-eligible until 2029 so one option that could be considered is another two-year bridge deal more in the $7MM range which could allow their reported desire to work within an internal cap to happen.  That would buy them a bit of short-term flexibility at a time when cap space is going to be tight so GM while Jim Nill likely doesn’t prefer to go that way, he might have to.

Lundkvist looked to be heading toward a non-tender to duck arbitration rights for the second straight year before signing this contract for the same amount he made last season.  Between some struggles and injuries, 2024-25 was largely a write-off so he’s getting near the point of either needing to take that step forward or understanding that he might not be more than the depth player he currently is.  Petrovic spent most of last season in the minors before playing in most of the playoffs in Dallas which should give him a leg up for a full-time spot to start this year.  Even so, his track record has only been that of a depth defender thus far and at 33, that’s unlikely to change.  He should stay around the minimum salary moving forward although a full year in the NHL could flip his next deal to a one-way pact.

Signed Through 2026-27

F Oskar Back ($825K, UFA)
F Colin Blackwell ($775K, UFA)
G Casey DeSmith ($1MM, UFA)
D Ilya Lyubushkin ($3.25MM, UFA)
F Tyler Seguin ($9.85MM, UFA)
F Sam Steel ($2.1MM, UFA)

A hip issue sidelined Seguin for most of last season although he was a little over a point per game in his limited action.  However, he has generally been more in the 50-point range in recent years and this price tag for that type of production isn’t great.  He’ll be 35 when his next deal starts and while a multi-year pact should still be doable then, it’s going to come with a multi-million-dollar drop in AAV.  Steel inked this deal back before the trade deadline in the midst of his fourth straight season with at least 20 points.  Between that and his ability to kill penalties, he should be able to provide decent value on this contract but unless his point production starts to go up, he might not be able to go too much higher than this.

Back had a decent rookie year, getting into 73 games while holding his own in a bottom-six role to secure this deal at a rate that will be below the minimum salary next season.  Assuming he remains a regular in this type of role for them, this should work out just fine while Back should be able to push more into the $1.25MM range on his next deal.  Blackwell fit in nicely in a depth role last season, earning this new contract along the way.  While he had a couple of years in the past with a seven-figure salary, he’s someone who should be staying around the minimum salary on any future contracts.

Lyubushkin was brought in to bring some physicality to the back and stabilize the bottom pairing.  He was able to do that for the most part although this contract is on the higher side for that type of role which led to some speculation about his future when they needed to open up cap space.  It would be surprising to see him beat this by any significant amount two years from now but another contract in this price range might be doable.

DeSmith is certainly at the lower end of the salary scale for backup goalies as he opted for stability and a winning environment over trying to get the highest price tag.  He certainly had a solid first year with numbers that should have him toward the higher end of the backup scale (more in the $3.5MM territory).  He’ll be 36 when this deal expires so it’s unlikely that he’ll find a contract in that range but value-wise, he should double this if he looks for top dollar next time out.

Signed Through 2027-28

F Radek Faksa ($2MM, UFA)

Faksa returns after a one-year stint in St. Louis after Dallas needed to clear his contract last summer.  While he showed some offensive upside early in his career, he has settled into more of a pure checking role in recent seasons.  Between his penalty killing utility and his faceoff skills, he should be able to provide a good return on this contract, even with the points remaining hard to come by.  But unless his production improves, he likely won’t command much more than this moving forward.

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Signed Through 2028-29

F Matt Duchene ($4.5MM, UFA)
D Miro Heiskanen ($8.45MM, UFA)

With Duchene making it known that he didn’t want to settle for another one-year contract this time around, it looked like his days could be numbered.  And then he signed a below-market deal to stay.  The trade-off is four years for a 34-year-old which isn’t ideal but he’s coming off an 82-point effort last season and could have plausibly surpassed $7MM on a multi-year contract (though not four years) on the open market.

Heiskanen is the potential internal cap on Harley’s contract and understandably so given his overall track record.  (Whether a different salary cap environment makes that feasible remains to be seen.)  He’s coming off an injury-riddled year but he’s an all-situations number one defenseman and the market for those has easily pushed past the $10MM mark.  He’s heading for another big raise as things stand.

Signed Through 2029-30 Or Longer

F Roope Hintz ($8.45MM through 2030-31)
F Wyatt Johnston ($8.4MM through 2029-30)
D Esa Lindell ($5.25MM through 2029-30)
G Jake Oettinger ($8.25MM through 2032-33)
F Mikko Rantanen ($12MM through 2032-33)

It was quite an interesting year for Rantanen who couldn’t agree to terms with Colorado and didn’t want to agree to terms with Carolina, only to go to Dallas and sign a contract that was believed to be in the neighborhood of what the Avs were offering.  That deal was a record-setting pact for a winger (since matched by Mitch Marner in Vegas).  Rantanen has consistently been one of the top-scoring wingers in the NHL in recent years and while he didn’t go great in the regular season after the first trade, he showed his ability to carry a line in the playoffs.  As is often the case with these types of contracts, surplus value will be hard to come by but as long as he remains the type of player he has been for a lot of his career, this will hold up well.

Hintz isn’t necessarily viewed as a true number one center but with a forward group that’s more driven from the wing, he fits the bill just fine while averaging 33 goals per season over the last four years.  It would be surprising to see his output jump up to a true top level but a steady and reliable 70-point center like he is would probably have gotten more than this on the open market this summer.  It feels like Hintz’s deal was the internal cap for Johnston, who signed a contract that only bought Dallas one additional year of club control.  That will give them a better shot at keeping the core intact, of course, while setting Johnston up to reach unrestricted free agency at 27.  That contract could be a whopper if he continues to progress; in a more inflated cap environment, Rantanen’s price tag could be within reach if he keeps improving.

Lindell has been a strong defensive defender throughout his NHL career while typically chipping in with a point total in the mid-20s.  He’s capable of playing top-pairing minutes although in the long run, he might be best off in a number three role.  As things stand, this is a deal that already holds up well and should continue to do so for the foreseeable future.  Already 31, he’ll be 36 when his next contract starts so while a small raise might come his way, it shouldn’t be too much higher, especially on a multi-year pact.

After some high-end performances to start his career, Oettinger hasn’t been able to get quite back to that level over the last couple of years.  That said, he’s still a well-above-average starter locked up at a rate we’ve seen a few starters of his caliber receive recently.  As long as he performs at a top-10 level or so, this contract should hold up pretty well.

Still To Sign

None

Buyouts

D Ryan Suter ($1.433MM in 2025-26)

Retained Salary Transactions

None

Carryover Bonus Overage Penalty

$368,250

Best Value: (non-entry-level) Harley
Worst Value: Seguin

Looking Ahead

As a result of having several players on contracts considerably below market value, the Stars will enter the season with one of the strongest rosters on paper once again.  But they won’t be entering it with much cap space unless they’re willing to go one or two skaters below the maximum on the active roster.  That still won’t be enough to bank enough in-season room to do much but that would at least buy them a little wiggle room for injuries.

The cap crunch isn’t going away next summer, either.  Harley and Robertson will make navigating the 2026-27 Upper Limit rather difficult, even with an $8.5MM increase.  However, the year after that, getting Seguin off the books coupled with a projected $9.5MM bump to the cap ceiling should give them some much-needed wiggle room.  But if they wind up having to bridge Harley next summer, that flexibility could be short-lived.  That all said, it’s still a good problem to have given that they should once again be a contender in the West; it’s better to have a good cap-crunched roster than a lot of cap space with a weaker group.

Photos courtesy of Jerome Miron and Perry Nelson-Imagn Images.

Dallas Stars| Pro Hockey Rumors Originals| Salary Cap Deep Dive 2025

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Kiefer Sherwood Changes Agents

August 29, 2025 at 7:48 pm CDT | by Brian La Rose 2 Comments

After a breakout showing last season, Canucks winger Kiefer Sherwood is one of the more intriguing under-the-radar potential 2026 unrestricted free agents.  Whenever Vancouver talks about an extension with him, however, they’ll now be dealing with a new agent.  Rick Dhaliwal of CHEK and The Athletic reports (Twitter link) that Sherwood has changed agencies and is now represented by Wasserman after RSG Hockey handled the deal that landed him with the Canucks last summer.

After being more of a role player in Nashville in the first few seasons of his career, the 30-year-old became a regular for the first time in 2023-24 with the Predators.  That season, he put up 10 goals, 17 assists, and 234 hits which made him an interesting target heading into free agency.  As a result, he was able to land a two-year, $3MM contract Vancouver despite his limited track record.

But it turns out that he had another gear to get to.  Last season, Sherwood beat those personal bests from the year before, tallying 19 goals, 21 assists, and a whopping 462 hits, the latter number representing an NHL record since the stat started officially being tracked in 2007-08.  Notably, his playing time jumped to a little under 15 minutes per night.  Instead of being the fourth liner he had been earlier, he was now regularly playing in Vancouver’s middle six.

That has Sherwood well-positioned to earn a fair-sized raise on his next contract.  AFP Analytics projected a three-year deal worth around $2.75MM earlier this summer if he were to sign an extension now while another performance like this next season could push the asking price closer to the $4MM mark next summer.

It’s unknown if discussions have already started between the Canucks and Sherwood with this agent change being a move to try to get discussions rekindled or if it’s just planning ahead for talks later on.  Either way, Sherwood is going to be heading for a nice raise between now and next summer with a new representative involved in those talks.

Vancouver Canucks Kiefer Sherwood

2 comments

Wild Could Reach $16MM Per Year On Kirill Kaprizov Extension

August 29, 2025 at 6:04 pm CDT | by Gabriel Foley 14 Comments

All signs point towards Edmonton Oilers superstar Connor McDavid breaking the NHL’s record for richest contract when he signs his next contract. The Minnesota Wild will be the only team to give Edmonton a run for their money, as they entertain signing superstar winger Kirill Kaprizov to his own contract extension. In their effort to lock up a player capable of 50-goal and 60-assist seasons, Minnesota could end up paying as much as $16MM per season, per Michael Russo of The Athletic on his ’Worst Seats In The House’ podcast. Russo and co-host Anthony LaPanta agreed that Kaprizov will likely get the contract, and bonus structure, of his choosing so long as the deal is at least five years long.

On the surface, Kaprizov’s stat line is hard to compare to the league’s top echelon. His career-high in scoring sits at 108 points – split between 47 goals and 61 assists in 81 games of the 2021-22 season. He has continued to rival more than 45 goals and 100-point scoring pace over the last three seasons, but has missed routine ice time to a string of injuries. His 2024-25 campaign was cut in half by a lower-body injury that required surgery in January. He finished the year with 25 goals and 56 points – marks that would have put him on pace for a career-high 50 goals and 112 points over a full year.

Had Kaprizov reached those scoring heights this season, he would have become just the 6th player since 2000 to record at least 50 goals and 60 assists in one season. That feat would have put him in company with elite peers, including McDavid, Leon Draisaitl, and Nathan MacKinnon – who have each held the title of highest-paid player at some point in their career. It’s that projection that Minnesota will lean on when negotiating with Kaprizov. There’s simply no arguing his prowess when at full health. Few NHL wingers command play on both ends of the ice quite like Kaprizov, and there’s no doubt that his presence alone is enough to swing Minnesota’s moneyline. Across his 319-game career, Kaprizov has averaged 48 goals and 99 points per 82 games played.

Even with an undeniable superstar ability, it will be tough for Minnesota to award Kaprizov a deal that takes him to age-35 or 36 after missing 63 games over the last three seasons combined – even if he has averaged 102-points per-82 games over those seasons. Minnesota will be stuck between wanting to pave way for their star to stick around, and not biting off more than they can chew. Minnesota will also need to negotiate a new deal with starting goaltender Filip Gustavsson before next summer. Gustavsson could reel in as much as $6.5MM, and has already expressed interest in signing an extension.

The culmination of multiple top contracts set to expire will make Wild general manager Bill Guerin one to watch closely over the next few months. Minnesota is in a stable spot under Guerin’s guide – with a roster that’s seemingly set to stick together for years to come. But the team hasn’t made it past the first round of the postseason since 2015. Kaprizov is a premier talent, and the Wild could face another wrinkle in negotiations should he speculate about the team’s long-term Stanley Cup odds. Young, high-upside forwards like Matt Boldy and Marco Rossi – and a season of good health for both Kaprizov and the Wild as a whole – could go far in convincing the Russian phenom to lock up a career in Minnesota.

Photo courtesy of Nick Wosika-Imagn Images.

Minnesota Wild| NHL| Newsstand Kirill Kaprizov

14 comments

Poll: Who Is The Early Favorite To Win The 2026 Calder Trophy?

August 29, 2025 at 3:10 pm CDT | by Gabriel Foley 12 Comments

The hockey world was treated to a true gift by the race for the 2025 Calder Trophy, awarded annually to the NHL’s top rookie. The class lived up to years of expectations, headlined by Montreal Canadiens defenseman Lane Hutson tying Larry Murphy for the most assists by a rookie defender. He took home the Calder ahead of San Jose Sharks top center Macklin Celebrini and Calgary Flames starting goaltender Dustin Wolf – who both managed star-studded and historic performances of their own. The heap of talent left players who could have won the trophy outright in seemingly any other year – options like 26-goal-scorer Matvei Michkov. A rookie class so strong will be impossible to follow up, but the group in 2025-26 seem to have a great chance to come close.

Early predictions will have the Calder Trophy staying put through in 2026. The Canadiens are set to award star rookie Ivan Demidov with his first NHL season, after he led KHL super-club SKA St. Petersburg with in scoring with 49 points in 62 games last season. He was a sheer force at Russia’s top level, showing a pace, strength, and finesse that was unmatched by his competition. Demidov finished the year with five points in six Gagarin Cup Playoff matchups, before scoring four points in his first seven games with Montreal.

Demidov is now set to assume a key role in the Canadiens’ lineup. It’s hard to imagine he won’t play true top-line minutes. He offers the in-tight skill and low-zone grit to perfectly complement spot-shooter Cole Caufield and playmaking, two-way center Nick Suzuki. The stars will be Demidov’s ceiling if he gets a full year to such talented players. He nearly recorded a 20-30-50 season in the KHL – a league often lauded as near-equal to the NHL. That standing could set him up for 60, or even 70, points in his first year with Montreal.

It will be a tight race to catch up to, and overcome, Demidov. A slew of star collegiate players signed their entry-level contracts at the end of the season, and could easily be set for major minutes of their own. Sam Rinzel fills a need for right-shot defense for the Blackhawks and Oliver Moore seemed to bring his slick-passing to Chicago, Gabe Perreault looked like a strong utility player with the New York Rangers, and Ryan Leonard showed an ability to match the Washington Capitals’ pace.

And yet, all four could be outdone by Minnesota Wild defenseman Zeev Buium, who managed an impressive 98 points in 83 games at the University of Denver. He appeared in four Stanley Cup Playoff games, but only managed one assist. Also atop the defense charts is top KHL defender Alexander Nikishin, who ended a stalemate when he finally joined the Carolina Hurricanes for the playoffs. Nikishin ranked second on SKA St. Petersburg with 46 points in 61 games, and matched Buium’s postseason statline.

Even still, the OHL could emerge. Sam Dickinson served as the star of the 2025 Memorial Cup-winning London Knights, and seems well-primed for a big role with the desolate San Jose Sharks. He could be joined by the reigning ’OHL Player of the Year’ Michael Misa, who managed an incredible 62 goals and 134 points in 65 OHL games last season. Misa was drafted second in this year’s class, with New York Islanders defenseman Matthew Schaefer the only selection before him. The smooth-moving, sharp-eyed Schaefer could be another Calder candidate, though he hasn’t played a season-game since sustaining a broken collarbone during the World Junior Championships last December.

It will be hard for any player to rival the record-breaking heights that Hutson reached last season, but the list of candidates looking to follow him up seems endless. Any one of the aforementioned players could find their way into a star role, or the award could go to someone entirely different – like 2025 Hobey Baker Award-winner and Edmonton Oilers winger Isaac Howard.

With so much talent on the board, who do you think will win the 2026 Calder Trophy? If you choose ’Other’, comment your pick below!

Mobile users click here to vote.

Carolina Hurricanes| Chicago Blackhawks| Edmonton Oilers| Minnesota Wild| Montreal Canadiens| NHL| New York Islanders| New York Rangers| Players| San Jose Sharks| Washington Capitals Alexander Nikishin| Gabe Perreault| Isaac Howard| Ivan Demidov| Matthew Schaefer| Michael Misa| Oliver Moore| Ryan Leonard| Sam Dickinson| Zeev Buium

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