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Islanders’ Daniil Prokhorov Signs In KHL

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Much has been made this summer of the New York Islanders’ selections in the first round of the 2025 NHL Draft, but one of their picks from the second round is on the move today. According to Stefen Rosner of The Hockey News, forward prospect Daniil Prokhorov has signed a two-year, two-way deal with the KHL’s Dynamo Moskva.

Prokhorov has spent the last two years playing for MHK Dynamo St. Petersburg in the MHL, which led to his selection with the 42nd overall pick in this summer’s draft. Over that time, he scored 27 goals and 43 points in 79 games, with most of his goals coming from being an impressive net-front presence.

Due to the structure of his new deal in Russia, Prokhorov will likely spend a significant amount of time in the VHL rather than the KHL, which is the top-affiliated league in Russia. He has the goal-scoring ability to make an impact in the KHL, though his 6’6″, 218lbs frame understandably limits his mobility on the ice, and his foot speed is not up to par with the nation’s top level.

Still, he was arguably one of the best-hitting forwards available in June’s draft. His playstyle has been described as “violent” by many scouts, and he uses his entire frame to level opposing players. The Islanders hope he will be ready to play in North America after his two-year deal expires following the 2026-27 KHL season, helping to develop him into one of the most physically imposing power forwards in the league.

Morning Notes: Kopitar, Marner, Gallant

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In a recent interview with Jaime Maggio from Sports Central LA, Anže Kopitar, long-time star of the Los Angeles Kings, suggested that his upcoming 20th season in the NHL might be his last. He will be playing out the final year of a two-year, $14 million contract with the Kings this season.

The Jesenice, Slovenia native will certainly leave his mark on the franchise if he decides to hang up his skates after the 2025-26 season. He debuted for the Kings during the 2006-07 season and has been a major factor in them winning their only two Stanley Cup championships in franchise history.

He’s unlikely to pass Luc Robitaille as the organizational goal leader, but Kopitar is already the franchise leader in games played and assists. Furthermore, once he scores his 30th point this upcoming season, he’ll become the Kings’ franchise leader in points, passing Marcel Dionne. At any rate, Los Angeles would have a huge hole at center heading into the 2026-27 campaign if Kopitar does retire.

Additional notes from this morning:

  • New star forward for the Vegas Golden Knights, Mitch Marner, opened up on his final days with the Toronto Maple Leafs at Team Canada’s Olympic orientation camp yesterday. Marner admitted that he and his family required full-time security at his residence in Canada for nearly two weeks after the Maple Leafs were eliminated in last year’s playoffs by the Florida Panthers. At the press conference, Marner said, “The market’s very passionate. They love their team. I know it, I was born and raised there. I’ve been a part of Leafs nation for a long time. But, when your family safety comes into question, especially having a new son, I don’t think it’s acceptable.“
  • Despite being several years removed from his tenure as the head coach of the New York Rangers, Gerard Gallant wasn’t ready to retire, despite the lack of interest from the NHL, ultimately leading him to take on the role of head coach of the KHL’s Shanghai Dragons. In a new interview with Daria Tuboltseva of RG Media, Gallant opened up on the questions he got from his friends and family about the move, saying, “‘You are only 61 years old, and you want to coach again?’ It was the best opportunity, and I said, ‘I will give it a try.’ I wanted to try it, it was something new, and it was going to be tough. But I said, ‘I want to try, I want to keep coaching.’ I still do not feel like I am ready to retire.“

Summer Synopsis: Tampa Bay Lightning

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With training camps now less than a month away, the bulk of the heavy lifting has been done from a roster perspective.  Most unrestricted free agents have found new homes, the arbitration period has come and gone, and the trade market has cooled.  Accordingly, it’s a good time to take a look at what each team has accomplished this offseason.  Next up is a look at Tampa Bay.

Last summer, the Lightning made a big splash, adding Jake Guentzel while parting ways with longtime franchise icon Steven Stamkos among their series of moves.  This time around, GM Julien BriseBois has been much more tempered with his roster movement, opting to work on the fringes while keeping a key trade deadline acquisition in the fold.

Draft

2-56 – F Ethan Czata, Niagara (OHL)
4-108 – F Benjamin Rautiainen, Tappara (Liiga)
4-127 – F Aiden Foster, Prince George (WHL)
5-151 – D Everett Baldwin, St. George’s (USHS-RI)
7-193 – G Caleb Heil, Madison (USHL)
7-206 – F Roman Luttsev, Yaroslavl (MHL)
7-212 – D Grant Spada, Guelph (OHL)
7-215 – F Marco Mignosa, Sault Ste. Marie (OHL)

The Lightning managed a surprisingly stout draft class despite little in the way of pick value. Their class is full of interesting skill and projectable upside, housed within a shell of unrefined skills and clear areas for growth. Czata stands as the true playmaker of the bunch and earns the highest pick as a result. He’s a heads-up center who plays the low-zone well on both ends of the ice. He already has the frame and muscle to work his way to a pro build, but will need to compliment it with improved skating before he can boom at the pro level.

The Lightning reeled in a line of upside picks behind the projectable Czata. Rautiainen was in his final year of draft eligibility, but earned a selection after netting an impressive 37 points in 58 Liiga games last season. He’s an upside bet who could translate to North America soon. Foster is the bruiser of the bunch, having already racked up 260 penalty minutes in just two WHL seasons. Baldwin was seen as a true draft gem in NHL circles, with some New England scouts praising him as a second-round talent at his peak. He’s a nifty, fast-moving defender with the ability to drive play and throw big hits – though he hasn’t yet had a chance at the top level. He’ll get his first in a move to the QMJHL’s Saint John Sea Dogs this season.

The Bolts had to save their energy for a busy seventh-round. They landed a very well-rounded bunch for their effort. It features the flashy athleticism of goaltender Heil, downhill offense of center Luttsev, heavy hitting of defender Spada, incremental, all-around improvement of Mignosa. All four players show flashes of upside as true NHL hopefuls, even despite having to wait until the final picks to hear their name called.

Trade Acquisitions

F Sam O’Reilly (trade with Edmonton)

After Isaac Howard decided that he didn’t want to sign with the Lightning, he immediately because their top trade chip.  They elected not to move him at the deadline but found a viable one-for-one prospect swap that saw him flipped for another late first-round selection.  O’Reilly isn’t NHL-ready like Howard is but he plays the more premium position as a natural center and produced over a point-per-game in both the regular season and playoffs with OHL London.  Already signed to his entry-level deal, he could be in the mix for NHL ice time as soon as 2026-27.

UFA Signings

F Nicholas Abruzzese (one year, $775K)*
F Tristan Allard (two years, $1.745MM)*
G Ryan Fanti (one year, $775K)*
F Gage Goncalves (two years, $2.4MM)^
F Yanni Gourde (six years, $14MM)^
F Pontus Holmberg (two years, $3.1MM)
F Boris Katchouk (one year, $775K)*
D Simon Lundmark (two years, $1.55MM)*
F Jakob Pelletier (three years, $2.325MM)
F Scott Sabourin (one year, $775K)*
D Steven Santini (two years, $1.55MM)*^

*-denotes two-way contract
^-denotes re-signing

BriseBois paid a high price to acquire Gourde and Oliver Bjorkstrand at the trade deadline so it made sense that he’d try to keep Gourde in the fold.  Few expected him to sign a six-year deal at the age of 33, however.  That’s a long contract for someone that age but the trade-off is a cap charge that is well below what he likely would have received in free agency in a market that had few centers of significance.  Gourde is coming off a pretty quiet season by his standards but he was impactful after the trade, notching 14 points in 21 games.  If he comes anywhere close to this, he’s going to be a nice bargain in the early going of this deal and really help bolster their bottom six, an area of need for a while now.

Speaking of bottom-six pickups, both Holmberg and Pelletier qualify.  Holmberg had his first full NHL season last year with Toronto, playing somewhat regularly on their fourth line during the regular season and in the playoffs.  He doesn’t bring a lot of offensive upside to the table but it’s still an improvement on what Tampa Bay’s fourth line provided last season while he could help a bit on the penalty kill as well.  Pelletier cleared waivers to start last season but wound up getting into 49 NHL games between Calgary and Philadelphia.  A 2019 first-round pick, it doesn’t appear as if he’ll be able to live up to his draft billing but he should have a chance to secure a regular spot on that fourth line and, like Holmberg, give it perhaps a bit more offensive upside as well.

Goncalves was able to establish himself as a regular for the most part with the Lightning last season but Tampa Bay wanted nothing to do with arbitration, opting to non-tender him before re-signing him in early July at a price tag higher than what his qualifying offer was.  Last season, he cleared waivers twice.  That’s probably not going to be an option this time around.  Abruzzeze has had some good offensive success in the minors with Toronto but hasn’t had much of an NHL opportunity, allowing him to reach Group Six free agency.  He’ll be in tough to lock down a full-time spot with the Lightning but he could be a good candidate for a midseason recall.

RFA Re-Signings

D Maxwell Crozier (three years, $2.325MM)*
F Jack Finley (three years, $2.325MM)*

*-denotes two-way contract

Most of Tampa Bay’s contract work was done before the summer came along so there wasn’t much to do here.  Crozier and Finley signed identical contracts, deals that will carry a two-way salary this season before converting to one-way pacts for the other two (at rates that will be increased due to the changes to the minimum salary in the CBA).  Crozier could have a shot at earning a seventh defenseman role with the Lightning this season while Finley – who made his NHL debut last season – is ticketed for regular minutes with AHL Syracuse once again.

Departures

D Anthony Angello (unsigned)
F Cam Atkinson (unsigned)
D Derrick Pouliot (signed with Rangers, one year, $775K)*
F Gabriel Fortier (signed with Leksand, SHL)
F Logan Brown (signed with Los Angeles, one year, $775K)*
F Luke Glendening (unsigned)
F Isaac Howard (trade with Edmonton)
D Tobie Paquette-Bisson (signed with Laval, AHL)
D Nicklaus Perbix (signed with Nashville, two years, $5.5MM)
F Conor Sheary (contract termination, signed a PTO with Rangers)
F Simon Ryfors (RFA rights lost, signed with Davos, NL)
G Matt Tomkins (signed with Edmonton, two years, $1.55MM)*

*-denotes two-way contract

Despite a large list of names to leave the organization, the Lightning and GM Julien BriseBois did a good job of not losing anyone of significance. Perbix, 27, is coming off of a nice season to earn a solid two-year deal with the Predators. In 74 games, Perbix put up 19 points while averaging 14:41 of ice time per night. Perhap the biggest departure came in the form of Howard, who never actually suited up in Tampa Bay. Following the trade, the Oilers announced Howard has signed a three-year, entry-level contract beginning in 2025-26.

Salary Cap Outlook

The Lightning are projected to have a little under $1.2MM in cap space for next season, per PuckPedia, and that’s with a 23-player roster.  That’s a luxury they haven’t been able to afford too often in recent years and if they elect not to operate with that to start the season, they could wind up opening up nearly $2MM below the cap ceiling.  That’s a much cleaner spot to be in compared to where they’ve been at times over the last few seasons.

Key Questions

Can Geekie Lock Down A Key Role? One of the wild cards for Tampa Bay this season is forward Conor Geekie.  A key piece of the return in the trade that saw defenseman Mikhail Sergachev go to Utah at the draft last year, the 2022 11th overall pick broke camp with the Lightning last year but played a relatively minor role overall, only playing more than 15 minutes in four of his 52 games while only collecting 14 points.  In February, the decision was made to let him go to Syracuse and he was much more successful with the Crunch, notching 11 goals and 20 points in 24 games, earning a late-season recall and some playoff time.  If Geekie can truly lock down a full-time spot on the third line, a step forward from him coupled with their bottom-six additions could really help shore up what was one of their biggest weaknesses last season.

Will The Lightning Do Any Early Extensions? Over the years, BriseBois has often elected to sign his pending free agents a year early and avoid any potential distractions of having a player in his walk year.  (Stamkos, their former captain, was a rare notable exception.)  There is a trio of veterans who could be candidates to sign new deals.  Bjorkstrand has reached at least 20 goals in six of the last seven seasons, making him a reliably consistent secondary scoring option that should land more than his current $5.4MM price tag on the open market so working to sign him now makes some sense.  Meanwhile, on the back end, veteran Ryan McDonagh and J.J. Moser are both extension-eligible as well.  McDonagh is unlikely to command the $6.75MM cap cost that he currently has but there is likely mutual interest in seeing him stick around in a mentoring capacity for another year or two.  As for Moser, his first season with the Lightning after coming over in the Sergachev trade was a little quieter than expected but he’s still expected to be a top-four piece for them for the foreseeable future.  If they’re confident he can rebound, looking to sign him now when his value might be a little lower would be a wise move.

Can They Match Last Season’s Offensive Production? The Lightning led the NHL in regular season goals last season (292), good for a 3.56 goals per game. The team is returning its core offensive threats, so can it make another push toward the top of the offensive rankings? The answer likely hinges on whether it can replicate last season’s power play success, when it ranked fifth in the league with a 25.9 percent conversion rate. That efficiency was complemented by impressive even-strength production, as the team finished third in the league in even-strength goals, trailing only the Washington Capitals and, perhaps surprisingly, the Columbus Blue Jackets. If Nikita Kucherov can produce something close to last season’s 121 points, and players like Guentzel, Brandon Hagel, and Brayden Point continue to produce at a point-per-game rate, the Lightning should once again find themselves near the top of the league in goals per game and in a strong position to contend heading into the playoffs.

Photos courtesy of Kim Klement Neitzel-Imagn Images

PHR’s Gabriel Foley and Paul Griser also contributed to this post.

Afternoon Notes: Hockey Canada, Zary, Harley

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A preliminary report has been released by the ’Future of Sport in Canada’ commission, a group formed in May of 2024 focused on reviewing Canada’s amateur sports system. In it, the group made a recommendation for the creation of an independent body to oversee amateur sports across the country, shares TSN’s Rick Westhead. They claim that this group could address both funding shortages and instances of abuse or maltreatment.

The recommendation was one of 71 made by the commission in their initial report. It follows an investigation that spanned visits to 12 Canadian cities and review of over 1,000 written submissions. Their findings detailed multiple instances of abuse or neglect, including suspended or banned coaches still working within their clubs. This effort comes as part of a yearlong push to make Canadian amateur sports more safe and secure environments for children and families. The federal Heritage Committee also made recommendations for changes in the sports system in June 2024.

The creation of an independent oversight committee would be an innovative push into public support of youth sports. It could be an effort that bodies like USA Hockey – who currently handles oversight internally – looks to mimic in years to come.

Other notes from around the hockey world:

  • Calgary Flames restricted-free agent Connor Zary will likely end up with a bridge-deal, per hockey insider Jeff Marek on the latest Empty Netters podcast episode. Zary remains one of the top available free agents, after posting 13 goals and 27 points in 54 games last season. That equates to a 41-point scoring pace over 82 games. Zary has stepped up as a reliable, middle-six center for the Flames over the last two seasons. He’s racked up 61 points in 117 career games, and should be due for big growth over the next few seasons. First, he’ll need to find his way back to good health after missing 47 games over the last two years due to injury. That bad luck could make a bridge deal sensible, and give Zary a chance to earn a payday before his prime years.
  • Also on the Empty Netters podcast, Marek shared that the Dallas Stars aren’t likely to go above Miro Heiskanen’s cap hit for 2026 RFA defenseman Thomas Harley. Heiskanen signed an eight-year, $67.6MM contract with the Stars in 2021, at the age of 22. The deal carries an $8.45MM cap hit. Heiskanen had totaled 131 points in 275 games before signing the deal. That’s more scoring and experience than Harley’s 103 points in 197 career games. Harley also turned 24-years-old two weeks ago. He’s a sharp offensive-defenseman who thrived in Heiskanen’s absence last season, but a lighter resume and older age could counteract a rising salary cap in his contract negotiations.

Shane Pinto Extension Not Expected Before Start Of Season

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Despite expressing a desire to sign a long-term extension with the Ottawa Senators when he became eligible on July 1st, there’s currently no such agreement in place for Shane Pinto. In a recent interview with Steve Warne of The Hockey News, General Manager Steve Staios doesn’t expect this to change anytime soon.

In the interview, when directly pressed on extension negotiations between the team and Pinto, Staios said, “I think what we’ve decided on is we’re gonna let the season start and not have Shane distracted with (contract talks). But I guess the best way to put it is (we’ve had) preliminary conversations – positive ones – that lead me to believe that there will be a deal done at the right time. And that’s really all I can report on that.”

The news of positive preliminary talks is a good sign that Pinto will ultimately sign an extension with Ottawa; the phrase ’distraction’ has different implications altogether. It doesn’t necessarily mean that Pinto won’t re-up with the Senators, but the use of that word implies the team is willing to wait until next offseason to work out the specifics.

There’s no real reason for Ottawa to rush, as Pinto will become an arbitration-eligible restricted free agent next summer while still being three years away from unrestricted free agency. With Ottawa’s salary cap situation becoming increasingly tight due to the younger players on the roster receiving new contracts, it seems risky for the Senators to delay serious negotiations with Pinto. Gaining cost certainty now would be a more prudent decision.

Ultimately, Pinto will decide his fate. He rebounded nicely last season after missing half of the season in 2023-24 due to his violation of the NHL’s sports wagering policy. Appearing in 70 games for the Senators, Pinto scored 21 goals and 37 points, averaging 17:33 of ice time with a 16.5% shooting percentage. Additionally, he was sneakily productive on the defensive side for a player who’s considered a goal-scorer, finishing fifth on the team among forwards with a 91.0% on-ice save percentage at even strength.

During Ottawa’s brief run in the 2025 Stanley Cup playoffs, he was relatively unremarkable. However, he had a standout performance in this summer’s IIHF World Championships, where he scored two goals and recorded 10 points in eight games, finishing with a +9 rating for Team USA. Due to his performance on the international stage, Pinto was included in Team USA’s orientation camp roster for the 2026 Winter Olympics, but he is unlikely to make the final roster.

Outside of Pinto’s expiring $3.75MM cap hit, Ottawa will have an additional $15.45MM coming off the books next summer, assuming they don’t sign anyone to an extension throughout the 2025-26 season. This means that should Pinto have an explosive campaign, the Senators will have the funds to reward him financially. Still, it would be wise for the team to make that commitment sooner rather than later, as Pinto’s long-term price will only continue to increase if he has a successful year.

KHL’s Ak Bars Kazan Acquire Grigori Denisenko

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A former first-round pick is on the move overseas. According to a report out of Russia, the KHL’s Ak Bars Kazan has acquired forward Grigori Denisenko from the Lokomotiv Yaroslavl.

After an impressive season with the MHL’s Loko Yaroslavl, which saw Denisenko score nine goals and 22 points in 31 games during the 2017-18 season, the Florida Panthers selected him with the 15th overall pick of the 2018 NHL Draft. He went on to spend another two years with the KHL’s Lokomotiv, scoring 10 goals and 18 points in 63 games, including another one goal and four points in 12 postseason contests.

He was limited in playing time throughout his first two years in North America, managing four assists in eight NHL contests with the Panthers, and 14 goals and 27 points in 45 games split between the AHL’s Syracuse Crunch and Charlotte Checkers from 2020 to 2022. He received much more playing time during the 2022-23 season, scoring 12 goals and 36 points in 56 games with the Checkers.

Denisenko was ultimately claimed on the waiver wire by the Vegas Golden Knights after failing to make the Panthers’ roster out of training camp ahead of the 2023-24 campaign. Outside six appearances with Vegas, Denisenko put together his strongest season in the AHL, scoring 20 goals and 56 points in 65 games with the Henderson Silver Knights, though he failed to make either of the AHL All-Star Teams at season’s end.

It was much of the same this past season for Denisenko, scoring 10 goals and 24 points in 42 games for the Silver Knights to start the season. He was traded in mid-February to the Nashville Predators in exchange for future considerations, and concluded the year with the Milwaukee Admirals without appearing for the Predators. Despite mild improvements to his offensive game, Denisenko’s AHL career produced a dismal -56 rating across 231 games.

Although there’s no official confirmation that Denisenko has or will make the move back to the KHL, he remains without an NHL contract heading into September. If he is unwilling to begin the year in the AHL, which is likely where he would end up if he signs with another NHL team, he would be better off returning to Russia, provided that Ak Bars offers him an opportunity.

Blue Jackets Notes: Fantilli, Provorov, Forward Depth

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There’s no question that the Columbus Blue Jackets have one of the cleanest cap tables in the league, especially for how competitive they’re expected to be in the 2025-26 season. Still, as their younger players continue to age, the Blue Jackets are getting closer to potentially having to make difficult decisions, and their extension negotiations with Adam Fantilli will have a major impact on their salary hierarchy moving forward.

Despite having a somewhat disappointing rookie season, albeit limited by injuries, the third overall pick of the 2024 NHL Draft responded well last season, scoring 31 goals and 54 points in 82 games while averaging 17:29 of ice time per game. Fantilli still needs to improve in the faceoff dot and on the defensive side of the puck, but being a 30-goal scorer at 20 years old is nothing to scoff at.

In a recent interview with James Murphy of RG Media, Blue Jackets’ General Manager Don Waddell spoke about the upcoming negotiations with Fantilli, saying, We’re going to talk here in the next couple of weeks. Pat Brisson is his agent, and we’re going to do some face-to-face meetings. When these kinds of players are up and these kinds of deals need to be made, I think you need to be in front of each other. I think you make a lot more progress than just over the phone. So that’s always been my theory, and Pat’s the same way. I’ve done a lot of deals over the years with Pat, so we’ll be fine and sit down face-to-face and get this done. As we get closer to training camp, I think we’ll be much further ahead, and we have some dates already planned that we’ll meet, so let’s go from there.”

There technically shouldn’t be any rush on Columbus’s end, given that Fantilli is a few years away from even becoming arbitration-eligible. Still, for the sake of cost certainty and having one of their core pieces locked up long-term, the Blue Jackets are eyeing a long-term extension with Fantilli in the coming weeks.

Waddell also spoke about a separate extension this offseason. On the eve of free agency this summer, Columbus re-signed defenseman Ivan Provorov to a seven-year, $59.5MM contract, which represented only a $1.75MM yearly increase on his previous deal. Despite reports at the time indicating that Provorov might seek a larger deal on the open market, Waddell explained in the interview that there was no real concern he’d leave the organization.

Murphy quoted Waddell, saying, “Well, the good thing is I was in dialogue regularly with Mark Andler, his agent, and there’s a lot of outside noise, but Mark kept telling me, and Provorov too, that his first choice was to stay here in Columbus.” Waddell explained that although Provorov’s cap hit may seem high, he believes it will look more favorable as the salary cap increases. Additionally, Provorov’s preparation for each season is expected to enhance his longevity throughout the duration of the contract.

Lastly, Waddell touched on his excitement over the depth the Blue Jackets brought in this summer, particularly on offense. The team specifically targeted Charlie Coyle as a right-handed center and believes his leadership skills will prove a boon to the younger players on the roster.

Meanwhile, the team’s General Manager also remarked about the skill level of Miles Wood on the offensive side of the puck and Isac Lundeström’s skill on the defensive side of the puck. All three additions are expected to maintain important roles for the Blue Jackets this season and help the team return to the postseason for the first time since the 2020 Stanley Cup playoffs.

Snapshots: Backlund, Senators, Miftakhov

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While Flames center Mikael Backlund recently commented on the future of one of his teammates with the organization, he also discussed his own.  Speaking with The Athletic’s Michael Russo (subscription link), the 36-year-old indicated that he is hoping to sign a contract extension to continue with Calgary.  The Flames have been the only NHL organization that Backlund has known after they drafted him in the first round back in 2007.  Last season, Backlund played in 76 games, picking up 15 goals and 17 assists in a little under 19 minutes a night of playing time.  He’s entering the final year of his contract that carries a $4.5MM cap charge and notably, his trade protection drops to a 15-team no-trade list in January.

Elsewhere around the hockey world:

  • The Senators announced that they have reached an affiliation agreement with ECHL Allen for the upcoming season. They had previously been affiliated with the Americans in 2022-23 and 2023-24 before Utah stepped in and became their affiliate last season, leaving Ottawa without an ECHL squad.  Now, the situations have been reversed with the Sens getting their affiliation back while the Mammoth look like they won’t have one in the 30-team league.
  • Carolina’s signing of goaltender Amir Miftakhov this summer came as a bit of a surprise since he’s only a few years removed from terminating his entry-level contract to return home to Russia. However, he noted to Evening Kazan’s Dmitry Yashkin that the Hurricanes actually attempted to bring him back to North America in 2023, only one full season after leaving Tampa Bay’s organization but he decided that staying in the KHL a little longer made sense.  He also noted that there is no European Assignment Clause in his contract and that he won’t be looking to head home midseason again if he winds up in the minors as expected with AHL Chicago.

Salary Cap Deep Dive: Colorado Avalanche

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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 Avalanche.

Colorado Avalanche

Current Cap Hit: $94,170,000 (below the $95.5MM Upper Limit)

Entry-Level Contracts

F Ivan Ivan (one year, $835K)

There was no shortage of entry-level players trotted out on the fourth line at times last season and chances are that some of them will be back and forth once again.  But Ivan got into 40 games with the Avs in 2024-25 and projects to have a similar role this season.  Given his limited output, he’s someone who shouldn’t be able to command much more than this on his next deal, especially if he lands a one-way pact.

Signed Through 2025-26, Non-Entry-Level

D Brent Burns ($1MM, UFA)
F Jack Drury ($1.725MM, RFA)
F Daniil Gushchin ($775K, RFA)
F Joel Kiviranta ($1.25MM, UFA)
D Sam Malinski ($1.4MM, UFA)
F Martin Necas ($6.5MM, UFA)
F Victor Olofsson ($1.575MM, UFA)
G Scott Wedgewood ($1.5MM, UFA)

Potential Bonuses
Burns: $4MM

After being unable to agree to terms with Mikko Rantanen on an extension and not wanting to run the risk of losing him for nothing in free agency, GM Chris MacFarland opted to move him for Necas (and Drury).  A year later, they might be in the same situation.  Necas is coming off a career year and couldn’t agree to terms on a long-term pact last summer in Carolina with the belief that he wanted to test the open market.  Now, that price tag has only gone higher given the year he had and the pending changes to the cap.  It wouldn’t be shocking to see a long-term contract creep close to the $10MM mark now and if Colorado doesn’t want to pay that, they might have to look into moving him during the season.

Drury wasn’t as impactful of an acquisition as Necas but he certainly gave them some needed extra depth down the middle.  He wasn’t able to repeat his 2023-24 performance offensively, however, which could limit his earnings upside.  His qualifying offer checks in at $1.675MM with arbitration rights and while he should be able to beat that on another short-term deal, it won’t be a significant increase barring a breakout year.  Olofsson had a decent season with Vegas in a supporting role and should have a similar type of role this season.  He has had to settle for one-year deals in his first two trips through unrestricted free agency.  Barring an uptick in production, he’ll either stay on that path or have to settle for a multi-year pact at a lower price tag than the $4.75MM he was making at the end of his time with Buffalo.

Kiviranta had a career year last season, notching 16 goals.  By comparison, his previous personal best in points was 11.  Not surprisingly, teams weren’t willing to pay him much more than his usual contract, being unconvinced that this improvement is repeatable.  If he can match that this season, he might be able to land closer to $2MM.  If he goes back to normal, he’ll be back in league minimum territory for 2026-27.  Gushchin is one of many players who will be fighting for a back-of-the-lineup spot but given his production in the minors last year with AHL San Jose and the fact he’s now waiver-eligible, he might have a small leg up on the competition for a spot.  Given his limited NHL opportunities so far and the likelihood of limited playing time given how Jared Bednar deploys his fourth line, Gushchin should stay around the minimum salary for next season even if he locks down a roster spot.

Burns comes over from Carolina in a deal that was set up to work within Colorado’s limited cap flexibility.  Of the $4MM in bonuses, he’ll each $3MM with his tenth game of the season while the other million will be harder to reach (70 GP with over 23 minutes per contest).  While he’s 40, he has shown himself to be capable of still playing in the top four which should make his base salary quite a bargain; they’ll be paying off the bonuses next season though.  This type of contract structure could come his way again if he plays beyond this season.  Malinski held his own in his first taste of full-time NHL action last season on the third pairing.  If he has that same role this year, he should push past the $2MM mark if he remains as effective as he was in 2024-25.

Wedgewood signed this contract with Nashville last summer but he wasn’t there for long, being moved to Colorado not even two months into the season.  He thrived in limited action with the Avs and while that probably isn’t repeatable, he’s establishing himself as a late-bloomer in terms of being a legitimate backup option.  That should be enough to push him past $2MM per season on his next deal if he can give them even an adequate level of goaltending this year.

Signed Through 2026-27

F Ross Colton ($4MM, UFA)
D Samuel Girard ($5MM, UFA)
F Artturi Lehkonen ($4.5MM, UFA)
D Cale Makar ($9MM, UFA)
D Keaton Middleton ($775K, UFA)

Lehkonen has found another level offensively since being acquired from Montreal while still being a strong defensive player.  Now producing as a top-six forward (and playing top-line minutes), his price tag should shoot up on his next deal.  Given his quality of linemates though (a quality that few teams can match), that could be a limiter on a new contract, especially if he makes it to the open market.  If Colorado re-signs him, a cap charge starting with a six should be doable.  Colton wasn’t able to sustain the hot start he had last season but stayed within a similar goal and point-per-game range as he had the previous three years.  At this point, that starts to become the trend, not the outlier.  He didn’t play much at center last season but his ability to do so will also be a boost to his value.  As long as he stays around the half-point-per-game range, Colton should be able to land closer to $5MM on his next contract knowing the demand that will be out there for help down the middle.

It’s hard for a $9MM contract to be a bargain but Makar more than fits the bill.  At a time when older top blueliners landed $11MM or more several years ago, Makar has outproduced them since then and has a couple of Norris Trophies under his belt, putting his contract several million below market value already.  He will be in line to sign a record-setting contract for a defenseman and while the Avs might prefer to operate on an internal cap and not have him make more than their top forward, that could be a tough sell knowing where the Upper Limit of the cap will be in 2027 (around $113.5MM).  $14MM or $15MM on a max-term agreement certainly feels achievable at this point, especially as new benchmarks get set over the next couple of years.

Girard has been a steady second-pairing defender for the bulk of his eight-year career at a time when consistency is highly valued.  However, given that he is one of the smallest blueliners in the NHL, his name has been speculated as a possible trade candidate for a while now.  Meanwhile, with a lot of teams currently aiming for their back ends to get bigger, that could limit Girard’s earnings potential.  Based on his performance, a raise past $6MM should be doable but if his market cools because of his size, that could make reaching that a challenge.  Middleton is a depth defender who projects to be the seventh option more often than not.  Those players tend to stay close to the minimum salary and that should be the case for him as well on his next contract.

Signed Through 2027-28

D Josh Manson ($4.5MM in 2025-26, $3.95MM in 2026-27 and 2027-28)
F Brock Nelson ($7.5MM, UFA)

Nelson didn’t exactly play great after being acquired but with the Avalanche looking to shore up a second center position that has been in flux as of late, they paid a high price to keep him from hitting the open market.  Frankly, given the dearth of impact centers in this year’s class, he likely would have received this or more had he tested free agency.  He’ll be 36 (nearing 37) when this deal is up and assuming his production starts to decline by then, he might be more in the $4MM to $5MM range on his next contract which could still be a multi-year pact.

Manson is still a capable physical defensive defender when healthy.  But staying healthy has been an issue as he hasn’t made it to 70 games in a season since 2018-19 and that’s factored into the cost of the extension, a small pay cut.  It’s on the high side for someone who should be more of a fifth option by then but if they can afford it, it’s not a bad luxury to have.

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Pacific Notes: McDavid, Patterson, Papirny

at CDT | by 1 Comment

As Canada’s Olympic orientation camp got underway today, plenty of the focus was on Connor McDavid’s contract situation with the Oilers, namely that an extension hasn’t been completed yet.  Speaking with reporters today including Sportsnet’s Eric Francis, the center indicated that he has every intention to win with Edmonton and that is his only focus.  However, when asked if he’d be okay opening the season without a deal, McDavid indicated that all options are on the table.

At this point, it doesn’t appear as if there have been any substantive conversations between the two sides.  TSN’s Ryan Rishaug reports (Twitter link) that there hasn’t been a back-and-forth between the Oilers and McDavid’s camp regarding either salary or term.  Given that McDavid could plausibly sign a short-term or a long-term deal, it’s not a situation as simple as focusing on an eight-year deal and only worrying about the money.  He’ll carry a $12.5MM AAV for the upcoming season and is expected to beat that by several million per season whenever he puts pen to paper on a new deal.

Elsewhere in the Pacific:

  • A day after his trade request was made public, Canucks prospect Riley Patterson is on the move in the OHL. Niagara announced that they’ve acquired the center from Barrie in exchange for five draft picks.  The 19-year-old was a fourth-round pick in 2024 and has averaged just under a point per game in the past two seasons with the Colts, including a 25-goal, 59-point effort last season.  Vancouver has until June 1st to sign Patterson to an entry-level deal or lose his rights so there will be a lot riding on the upcoming season for him.
  • The Golden Knights’ AHL affiliate announced that they have brought back goaltender Jordan Papirny on a one-year minor-league deal. The 29-year-old has spent the last three seasons in their system but he hasn’t been able to secure an NHL deal.  Last season, Papirny played in 28 games with ECHL Tahoe, putting up a 2.50 GAA and a .920 SV% along with four shutouts while getting into a pair of games with AHL Henderson.

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