Maple Leafs Assign Marshall Rifai To AHL On Conditioning Loan
The Toronto Maple Leafs announced today that defenseman Marshall Rifai has been assigned to the club’s AHL affiliate, the Toronto Marlies, on a conditioning loan.
Rifai has spent the entirety of this season so far on long-term injured reserve after undergoing wrist surgery in September. He sustained the injury during a preseason contest against the Montreal Canadiens. The 27-year-old didn’t play any NHL games in 2024-25, but was looking to make a push for consideration to land on the NHL roster this year. His injury stopped him from making his case in preseason and training camp, but now he appears to be nearing a return to full health.
Rifai will be able to spend up to 14 days or five games, whichever comes first, on this conditioning loan. For Rifai to be eligible for reassignment to the Marlies on a permanent basis, he will need to clear waivers.
The 6’2″, 211-pound defenseman was an undrafted signing out of Harvard University that Toronto made in 2022. He scored 16 points and logged 118 penalty minutes in his AHL rookie campaign in 2022-23 and earned his first two NHL games in 2023-24, the only two NHL games of his career thus far.
While Toronto has had to deal with several defensive injuries so far in 2025-26, it’s unclear whether those absences will be enough to secure Rifai a spot on the NHL roster. Given his level of experience thus far, it feels as though the far likelier outcome is that he lands on waivers for reassignment to the Marlies permanently.
The fact that Rifai is signed to a one-way $775K AAV contract with an additional year of term on it does make it likelier that, in the event that he is waived, he’ll be able to clear.
While a team such as the Maple Leafs, who are one of the most deep-pocketed teams in the NHL, can afford to pay NHL salaries to key AHL call-up options, other clubs simply don’t have the same level of financial muscle and therefore are more frugal when it comes to expenditures on AHL players.
This impacts a team’s ability to protect its waiver-eligible depth from claims by rival teams, as players with a lower financial commitment required are often seen as more suitable, low-risk candidates to be claimed on waivers.
To illustrate this reality, one can take a look at the nearby Buffalo Sabres, as there is a clear comparable defenseman to Rifai: former Quinnipiac Bobcat Zach Metsa. Like Rifai, Metsa is also a 27-year-old undrafted player who signed out of the NCAA. While Rifai has an additional full year of AHL experience, which does matter, Metsa did have a notably superior college career. He captained Quinnipiac to a national championship and won numerous individual honors.
Both Metsa and Rifai are playing on two-year extensions and spent all of 2024-25 in the AHL; Metsa scored 46 points in 69 games as a two-way blueliner while Rifai scored 13 points in 63 games as more of a defensively-oriented, physical blueliner.
Despite their generally comparable levels of experience and Metsa’s arguably more pronounced level of on-ice value in the AHL, Rifai earned a one-way deal in each year of his extension, while Metsa got a two-way structure on his extension.
Metsa’s deal pays him $250K at the AHL level in its first year and has a $325K guarantee for 2026-27. Rifai, as mentioned, will make $775K per year over the course of his deal, regardless of what level he is rostered at.
There are some notable differences between the two players, to be clear, and one could make the argument that Rifai’s play style is more in line with what a team might be looking for out of a call-up option. But the differences in their levels of compensation do nonetheless serve as a useful illustration of the unique financial muscle the Maple Leafs are able to flex to help them build organizational depth.
While the NHL salary cap does limit player expenditure at the highest level, Rifai is an example of how a wealthier team can leverage its deeper pockets to create team-building advantages for itself on the margins.
As a result, if Toronto does end up waiving Rifai at some point down the line now that he is nearing a return from injury, the contract they gave him will most likely contribute to him clearing.
Islanders’ Maxim Tsyplakov Generating Trade Interest
Things haven’t gone according to plan so far in 2025-26 for second-year New York Islanders forward Maxim Tsyplakov, as the talented Russian winger has been a healthy scratch in four consecutive games, bringing his total number of healthy scratches to 14 across the Islanders’ 34 total games played.
Earlier this month, Sportsnet’s Elliotte Friedman reported that “other teams are poking around” regarding Tsyplakov’s availability via a trade, but nothing more concrete has materialized yet.
Islanders head coach Patrick Roy has insisted repeatedly that Tsyplakov is routinely spending games in the press box not because he’s done anything wrong himself, but rather because the Islanders’ other forwards are simply playing too well to be left out of the lineup.
Tsyplakov addressed his situation yesterday, per The New York Post’s Ethan Sears, denying that any potential trade has been discussed with him and his agent. He told Sears, “It’s tough being the 14th forward, sometimes it’s not happy. Not enjoyable. I just want to play. Not under 10 minutes.”
When asked whether potential trades have been discussed with his agent, which is listed as Ryan Barnes of Quartexx per PuckPedia, Tsyplakov said “Not yet,” and “just see what they do. We’ll see.”
That Tsyplakov has reached this point in Long Island so quickly is something of a surprise given how successful his rookie campaign was. The Islanders beat out other contenders such as the Montreal Canadiens to sign Tsyplakov out of the KHL, and their faith in the player was instantly rewarded as he hit the ground running in the NHL, scoring 10 goals and 35 points as a 26-year-old rookie.
But so far this season, Tsyplakov hasn’t come close to the level of impact he reached as a rookie. He was New York’s No. 9 forward in terms of ice time last season, averaging nearly 15:00 time on ice per game with a minute and a half per game on the power play.
That usage has sharply declined this season, after the Islanders added another KHL free agent, Maxim Shabanov, over the summer. The addition of veteran Jonathan Drouin in free agency and breakout sophomore Emil Heineman via trade has also eaten into Tsyplakov’s role. As a result, the 27-year-old has seen his ice time decline sharply, and that’s when he’s not a healthy scratch.
So far in 2025-26, Tsyplakov is averaging just 9:29 time on ice per game, the fewest of any Islanders forward this season. He’s also only resumed his role on the power play in one game this season, his time on the man advantage almost completely evaporating year-over-year. Consequently, his production is nowhere close to what it was a year ago; he has just one goal and no assists through 20 games this year.
While it appears that the Islanders and Tsyplakov can continue in this situation into the near future, it’s fair to question whether keeping Tsyplakov in this kind of reserve role is sustainable over the long term.
Over the summer, the Islanders settled with Tsyplakov before arbitration, with the player signing a two-year, $2.25MM AAV deal to end his restricted free agency. He’ll be an unrestricted free agent at the end of that contract, and it’s unlikely that the Islanders pledged $2.25MM of cap space to Tsyplakov with the idea that he’d be spending much of the season as a healthy scratch.
With each passing game that Tsyplakov doesn’t play, the more likely it appears that he could be traded. Of course, just one injury or decision from Roy could change things, but at the moment, a trade could very well be the most suitable solution for both the Islanders and Tsyplakov.
Given the high level of interest in his services as a KHL free agent, his solid 35-point rookie campaign, and the fact that he remains under team control for another season at a reasonable cap hit, it’s unlikely that there would be any shortage of interest from rival teams in acquiring Tsyplakov.
The Islanders would be “selling low,” to an extent, but if they don’t plan on utilizing Tsyplakov beyond a very minor role this year, it could be best for both sides to work out a trade. If nothing else, Tsyplakov’s playing role in New York will be a key storyline to continue to monitor on Long Island moving forward.
Photos courtesy of Russell LaBounty-Imagn Images
Sharks Notes: Dickinson, Dellandrea, Gaudette
Earlier today, the Sharks officially loaned forward Michael Misa to Canada’s entry for the upcoming World Juniors. Not included in that announcement was defenseman Sam Dickinson, who is also eligible to participate. However, the team still hasn’t made a final decision on whether they will loan him out for the event, notes Sharks Hockey Digest’s Max Miller.
The 19-year-old has played fairly regularly this season, getting into 26 games though he was a scratch last night against Calgary. However, his minutes have been somewhat limited and sheltered as he’s averaging a little under 15 minutes per game of ice time. He would play a much bigger role on Canada’s back end, potentially as their number one defender. However, head coach Ryan Warsofsky also noted that he doesn’t want Dickinson to potentially slip into some bad habits if he were to be loaned out so that’s something they’ll have to weigh over the next few days before making a final decision.
More from San Jose:
- Center Ty Dellandrea is listed as questionable for tomorrow’s game against Dallas due to an upper-body injury, relays Sheng Peng of San Jose Hockey Now (Twitter link). The 25-year-old was injured while blocking a shot on Tuesday but managed to stay in the game. Dellandrea has already surpassed his production from last season (10 points compared to eight) in half the games played while also averaging just under three hits per game. A pending restricted free agent with an affordable $1.3MM AAV, Dellandrea could be an intriguing under-the-radar trade target should the Sharks decide to listen to offers.
- Center Adam Gaudette is good to go for Thursday’s contest after missing last night’s game with a lower-body injury, Peng mentions (Twitter link). The 29-year-old had a breakout year last season with Ottawa where he had 19 goals in 81 games, earning a two-year, $4MM deal for his efforts. Gaudette is scoring at a similar clip this season with seven goals through 29 games while averaging 12:01 per night, his highest ATOI since 2019-20.
The CBA Change That Makes The Holiday Roster Freeze More Significant
While the official trade deadline in the NHL isn’t until March 6th, there is an earlier trade deadline of sorts with the annual holiday roster freeze. During that time, while a limited number of NHL-AHL roster moves can be made, trades are a no-go from December 20th through December 27th. While this can spur the odd move including last season, it typically comes and goes without much fanfare.
But things are a little different this time around. In the new CBA, there are restrictions on teams retaining salary on a player whose salary has already been retained on. Put in the new CBA to seemingly quash the three-team double-retention trades that became quite commonplace in recent years, a player must spend 75 in-season days on a roster before they can be moved with retention again.
While most of the CBA won’t come into effect until mid-September when the current agreement officially ends, this is one of the elements that was brought into play a year early. As a result, if a team wants to acquire a player with salary retention and still be able to move that player with retention before the trade deadline, they have to get the deal done before the 20th. Otherwise, while the acquiring team can still flip that player before March 6th, they won’t be able to retain salary to facilitate that move.
While there aren’t a lot of defined sellers at the moment, there could be some potential buying teams out there who might be interested in taking a look at a player while leaving themselves some flexibility to move the player later on if he’s not a fit or they fall out of the playoff race. Having the ability to retain in that scenario would make the player more valuable so it wouldn’t be surprising to see an uptick in trade talks as a result.
Last year, there were a trio of trades made before the roster freeze, headlined by the Kaapo Kakko trade to Seattle, but none of them involved salary retention. We’ll soon see if this rule change spurs on a more active trade period by Friday or if it will come and go more quietly as it often does.
Snapshots: Sabres, Tkachuk, Hagel, Lucic
Sabres defenseman Michael Kesselring is expected to return on Thursday against Philadelphia after missing the last 14 games with a lower-body injury, reports Bill Hoppe of the Olean Times Herald. A key part of the JJ Peterka trade over the offseason, the 25-year-old has been limited to just nine appearances so far this season after also sustaining a knee injury in the preseason. It wouldn’t be surprising to see him get eased back in but he’ll likely get a chance to take on a bigger role after the holiday break.
Meanwhile, among other injured Sabres, winger Jason Zucker has missed the last three games with a lower-body injury and is hoping to return after the break. Forward Justin Danforth has missed 28 games with what’s believed to be a broken kneecap but head coach Lindy Ruff says he’s doing okay now. Lastly, goaltender Colten Ellis (concussion protocol) is expected to be reevaluated on Friday after missing the last two games.
Elsewhere around the hockey world:
- While Panthers winger Matthew Tkachuk has been skating on his own recently, he has yet to join the team for practice. As a result, GM Bill Zito told NHL.com’s Nick Cotsonika that they don’t know if Tkachuk will be available for the Winter Classic in a little more than two weeks. The 28-year-old had surgery to repair a torn adductor muscle and a sports hernia back in August and has yet to play this season. He’s averaged more than a point per game in four straight years and whenever he comes back – be it for the outdoor game or later on – he’ll be a huge boost to a Florida team that sits around the middle of the pack in the East.
- Lightning winger Brandon Hagel is listed as day-to-day with an upper-body injury and hasn’t been ruled out of Thursday’s game against Los Angeles, relays Eduardo A. Encina of the Tampa Bay Times (Twitter link). Hagel was injured on a hit from Seth Jones on Monday, resulting in him leaving the game. He has been a key contributor for Tampa Bay this season, notching 18 goals and 13 assists in 32 games.
- Veteran winger Milan Lucic has decided not to hang up his skates. Released from an AHL tryout with Springfield late last month, he has found his next team as the Fife Flyers of the EIHL announced that they’ve signed the 37-year-old for the remainder of the season. Lucic has only played in nine games since the 2022-23 campaign ended so it’s far from a guarantee that he’ll be able to be an impactful player as he looks to continue his career.
Devils Activate Brett Pesce, Place Arseny Gritsyuk On Injured Reserve
After missing the past 24 games with an upper-body injury, the Devils announced they’ve activated top-pair defenseman Brett Pesce from injured reserve, indicating he’ll be in the lineup tonight against the Golden Knights. The team placed winger Arseny Gritsyuk on IR retroactive to Dec. 11 in the corresponding move.
The Devils had been anxiously awaiting Pesce’s clearance for weeks, but the injection of a right-shot defender into the lineup became all the more important after Simon Nemec sustained an undisclosed injury during practice last Friday that will have him out for at least a couple of weeks. They’ve been dealing with the season-long absence of righty Johnathan Kovacevic as well, making Pesce’s standing on the team all the more important.
Pesce had three assists and a +3 rating in nine games to begin the year. That coincided with an 8-1-0 start to the year, making New Jersey look like a legitimate contender to end up atop the Metropolitan Division. Since then, the Devils have gone 10-13-1 with their possession numbers dipping in the process.
There are a variety of factors that go into a slump, but being forced into breaking up what had been one of the best defense pairs in the league through the early going is high on that list. Pesce and Luke Hughes had served as the Devils’ most dominant unit on the blue line, controlling 60.2% of expected goals. Without Pesce, Hughes has been underwater in every possession metric. His point production has dipped as well, down to 0.55 per game after peaking with 0.62 per game as a second-year player last season.
The Devils’ press release indicated Pesce will be paired with Hughes again tonight, ideally giving them a true top-pair level of play that Dougie Hamilton and Jonas Siegenthaler haven’t been able to provide in the interim.
A healthier defense is paramount to help overcome the loss of a fifth forward to the injured or non-roster list in Gritsyuk. The Russian rookie, who’s eighth on the team in scoring with seven goals and 16 points in 31 games, has already missed the last two games with an upper-body injury.
He joins Jack Hughes, Evgenii Dadonov, and Zack MacEwen on IR, while Timo Meier carries a non-roster designation while on personal leave. Since he’s already missed six days, Gritsyuk will be eligible to return on Dec. 19 against the Mammoth, but that’s not feasible since he didn’t travel with the team on their raod trip. It’ll be Sunday at home against the Sabres to mark Gritsyuk’s first opportunity to get back into the lineup.
Sharks Activate Michael Misa, Loan Him To World Juniors
The reigning No. 2 overall pick is officially on his way to the 2026 World Juniors. The Sharks announced they’ve activated center Michael Misa from injured reserve and subsequently loaned him to Team Canada for the event, which begins next week.
With only Misa’s name included in today’s announcement, it seems set in stone that defenseman Sam Dickinson is staying on San Jose’s roster and won’t be loaned out to Canada for the tournament. Dickinson, 19, had two assists in five games for the Canadians last year at the event and had another year of eligibility left, but he’ll be sticking around on San Jose’s roster for the next several weeks despite sitting as a healthy scratch in last night’s win over the Flames.
Misa’s limited playing time this season made him a logical candidate to be allowed to go to the event, much like the case of Calgary star defense prospect Zayne Parekh. The 18-year-old broke camp with the Sharks but was in and out of the lineup, never playing more than three games in a row, until he sustained a lower-body injury in early November.
Before exiting the lineup, Misa made his first seven NHL appearances, scoring one goal and three points with a -1 rating. It’s worth noting he isn’t joining Canada’s training camp cold. The Sharks loaned him to their AHL affiliate on a conditioning stint at the beginning of the month as he neared a return, recording an assist in two games for the San Jose Barracuda before rejoining the Sharks for practice.
Now fully cleared, Misa will get his first and only chance to represent Canada’s national team at the under-20 level. He was a rather shocking snub from last year’s roster amid a 62-goal, 134-point season for the OHL’s Saginaw Spirit that made him the leading scorer across all of the country’s top junior leagues.
The question now becomes whether Misa returns to Saginaw or remains with the Sharks when the WJC wraps up in January. As an under-20 player subject to the NHL-CHL transfer agreement, he’s ineligible for a full-time assignment to the AHL and must be loaned back to his junior team if he’s not on the NHL roster (or injured reserve).
Golden Knights Activate Jeremy Lauzon From Injured Reserve
The Golden Knights will have defenseman Jeremy Lauzon in the lineup against the Devils tonight, reports Danny Webster of the Las Vegas Review-Journal. He’ll need to come off injured reserve, something they have the roster space to do after sending Dylan Coghlan to AHL Henderson earlier in the week.
Lauzon missed 14 games with an undisclosed injury he sustained on Nov. 15 against the Blues. During that time, the Golden Knights haven’t shaken up their lineup at all. The group of Shea Theodore, Brayden McNabb, Noah Hanifin, Ben Hutton, and Kaedan Korczak has played every game since, with the veteran Hutton stepping into Lauzon’s shoes alongside Korczak on the Knights’ third pair.
While that streak will come to an end tonight, it won’t involve Hutton heading back to the press box. Theodore is day-to-day with an upper-body injury and won’t play, head coach Bruce Cassidy told reporters (including Webster).
Lauzon, 28, was acquired from the Predators in last summer’s Nicolas Hague trade. He’s lost some minutes in Vegas, mainly due to restricted penalty kill deployment, but has otherwise been a good fit alongside the up-and-coming Korczak. He’s posted four assists and a +3 rating in 17 games, controlling 52.3% of expected goals with his usual partner.
The 6’3″, 225-lb lefty is one of the league’s most judicious hitters, leading the league with 383 checks two years ago with Nashville. His 3.35 hits per game this season is a significant dip from his last few campaigns – likely due to Vegas possessing the puck more than the Predators did – but still leads his team.
Predators Activate Cole Smith From Injured Reserve
The Predators have reinstated winger Cole Smith from injured reserve, Nick Kieser of Lower Broad Hockey reports. They’ve had a whopping three open roster spots since sending Zachary L’Heureux to the AHL last weekend, so no corresponding transaction is required.
Smith has been tracking toward a return for several days now. Head coach Andrew Brunette labeled him as day-to-day last week as he returned to practice. The 30-year-old has been out of commission since the beginning of November, missing the last 19 games with an upper-body injury. He was given a rather vague three-to-six-week recovery timeline, and although he missed the long end of that by a few days, he’ll be available for tonight’s game against the Hurricanes.
Before his injury, Smith was part of one of the most effective checking lines in the league. His offense wasn’t jumping off the page with three goals in 13 games – he’s only ever hit 20 points in a year once – but his line with Michael McCarron and Ozzy Wiesblatt was one of Nashville’s best at controlling play at 5-on-5. Not only do those three lead the Preds in hits per game, but they controlled 64.3% of expected goals at 5-on-5 to lead the team, per MoneyPuck. Among forward lines league-wide with at least 50 minutes together, only four trios have allowed fewer expected goals against per 60 than the Wiesblatt-McCarron-Smith line’s 1.58 mark.
Nashville won’t be able to reunite that line tonight, though. Wiesblatt is on IR with an upper-body issue and isn’t slated to return until after the Olympic break.
With Smith coming in, veteran Tyson Jost will likely be the one heading to the press box. Reid Schaefer, a first-round pick in 2022, seems to have grabbed hold of a regular spot with three goals in nine games since being summoned from AHL Milwaukee late last month.
Canucks’ Arshdeep Bains Clears Waivers, Assigned To AHL
Dec. 17th: According to a team announcement, Bains has successfully cleared waivers and has been reassigned to AHL Abbotsford.
Dec. 16th: The Canucks have waived forward Arshdeep Bains, according to Rick Dhaliwal of CHEK and The Athletic. He’ll be reassigned to AHL Abbotsford tomorrow if he clears.
The news doesn’t come as a major surprise. Bains’ role was bound to reduce after Vancouver recouped forwards Liam Ohgren and Marco Rossi in last week’s shock Quinn Hughes blockbuster, and they’re set to be immediate fixtures in the Canucks’ lineup. He was one of the odd men out when they were inserted into the lineup for Sunday’s game against the Devils, marking his sixth healthy scratch of the season.
With center Elias Pettersson not expected to miss too much more time with his upper-body injury, the Canucks were going to need a roster spot to activate him from injured reserve sooner rather than later. They can do so as soon as today – Bains is eligible for a non-roster designation if his waiver placement comes in conjunction with an IR activation – if he’s ready to play tonight against the Rangers.
Bains’ 26 appearances this season more than doubled his career total. The 24-year-old now has 47 games under his belt for Vancouver over the past three seasons, scoring two goals and four assists for six points. Five of those came this year while he averaged 9:09 of ice time per game in a fourth-line role.
An undrafted free agent signed out of WHL Red Deer back in 2022, he could carry some intrigue on the wire thanks to an excellent AHL track record. In three prior seasons for Abbotsford, he’s put up a 40-96–136 scoring line in 175 games with a +34 rating.