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East Notes: Kyrou, Cody Glass, Rust

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Pittsburgh Penguins veteran winger Bryan Rust has been linked to trade discussions involving multiple teams, including the Buffalo Sabres and Columbus Blue Jackets, according to Sportsnet’s Elliotte Friedman on his 32 Thoughts podcast.

The Penguins have bolstered their forward pipeline by drafting Benjamin Kindel at No. 11 overall, and GM Kyle Dubas appears to be open to offers for veteran forwards. Even though Rust posted a career-best season in 2024-25, Pittsburgh’s rebuild means he and Rickard Rakell are among the tradeable players that contenders may target for scoring help.

Rust posted 31 goals and 65 points in 71 games last season, largely playing alongside Rakell and Sidney Crosby. Rust also excels as a penalty killer and has a history of elevating his game and scoring timely goals in the playoffs. While he’s 32 and has a history of injury concerns, Rust has three years remaining on his $5.125MM AAV deal that could prove team-friendly for a contending team.

Elsewhere in the Eastern Conference:

  • Friedman also discussed that while the New Jersey Devils have expressed interest in retaining pending restricted free agent Cody Glass, the team may not have the financial flexibility to do so. With several pending free agents—including Curtis Lazar, Brian Dumoulin, and Jake Allen—and a significant restricted free agent in Luke Hughes, Devils GM Tom Fitzgerald must be strategic in allocating the team’s $14.3 million in cap space (per PuckPedia). Glass spent last season between the Penguins and Devils and posted a combined six goals and 22 points in 65 games. The former sixth overall pick (and first in Golden Knights history), added a career-high 51.2 faceoff win percentage.
  • As the Montreal Canadiens continue to explore trade options, they have checked in on St. Louis Blues’ sniper Jordan Kyrou, per David Pagnotta of The Fourth Period. The Habs traded for defensemen Noah Dobson earlier today and will absorb his new eight-year, $76MM contract. However, the team also appears interested in adding to its forward group. The Canadians finished 17th in the league with 243 goals last season, and a player like Kyrou could certainly help them climb those rankings. Playing all 82 games last season, he posted 36 goals and 70 points. It represented his third consecutive 30-goal campaign, and the 26-year-old added three goals in seven playoff games. Kyrou has five years left on his eight-year, $65MM contract, which comes with a cap hit of $8.125MM annually.

Flyers Acquire 12th Overall Pick, Select Jack Nesbitt

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As first reported by Sportsnet’s Elliotte Friedman, the Pittsburgh Penguins have traded the 12th overall pick to the Philadelphia Flyers for the 22nd and 31st overall selections. With their newfound pick, the Flyers selected forward Jack Nesbitt from the OHL’s Windsor Spitfires.

In what is considered a surprise selection by most analysts’ projections, the Flyers selected a player projected toward the bottom third of the first round, if not the second round. The most logical explanation is that Philadelphia believed other teams were interested in Nesbitt and were uncomfortable waiting until the 22nd pick to select him.

Still, he’s a prototypical Flyers player and has serious puck skills. Standing at 6’4″, 183 lbs, Nesbitt was selected as a center, but given his skating ability, is likely destined for a spot on the left wing. He recently concluded his second full year in Windsor, scoring 25 goals and 64 points in 65 games with a +12 rating, and winning the OHL’s Most Improved Player Award as voted on by the coaches.

Unfortunately, despite the raw scoring potential, there are serious concerns with Nesbitt’s skating ability. His scoring pace and effort level declined significantly toward the end of the 2024-25 campaign, tallying only one goal in 12 postseason contests with a -5 rating.

CBA Notes: Minimum Salary, LTIR, Draftees, Salary Retention, Olympics, Neck Guards

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Earlier today, league Commissioner Gary Bettman announced a Memorandum of Understanding between the NHL and NHLPA for a new agreed-upon Collective Bargaining Agreement beginning in the 2026-27 season. New details continue to emerge regarding the new agreement, one of which is regarding minimum salaries.

According to Frank Seravalli of Daily Faceoff, the league minimum salary will jump from $775K in 2025-26 to $1MM in 2029-30. Seravalli didn’t know if there would be a mild year-on-year increase for the minimum salary, just where it would end up by the time the next CBA ends.

Although the NHL hasn’t projected an upper limit of the salary cap for the 2029-30 season, it marks an odd relative dip in payment for league-minimum salaries. Assuming the cap continues to rise at its current pace of 9% each season, the upper limit for the 2029-30 season would be approximately $134.8MM. This means that a $775K salary in 2025-26 would account for 0.8% of a team’s cap hit, while a $1MM salary in 2029-30 would drop to 0.7%.

Other notes from the new CBA:

  • One of the biggest points of contention was the playoff implications of LTIR. The CBA includes a new salary cap for the playoffs. However, according to Seravalli, teams will only benefit from cap savings equal to the previous year’s average salary, rather than the full cap hit of the player. The only exception to this rule is if the player does not participate in the entire Stanley Cup playoffs.
  • Seravalli also pointed out the new draftee signing rules in the upcoming CBA. A team will hold the signing rights for four years on any 18-year-old that they draft tonight, and three years for any 19-year-old selected. Additionally, for those playing in the NCAA, their signing rights will only expire 30 days after they’ve confirmed with their drafting team that they’re no longer playing at the collegiate level.
  • According to TSN’s Pierre LeBrun, the new CBA will mandate a 75-day window of allowable salary retention. In essence, the new rule effectively eliminated three-team trades at the deadline. If a team wants to orchestrate 75% salary retention on any given player, they’ll need to wait nearly 11 weeks to do so.
  • It’s now confirmed that NHL players will be included in the next two Olympic Games. According to TSN’s Chris Johnston, the new CBA includes language allowing the players to participate in the 2030 Winter Olympics in the French Alps region of France.
  • As a new equipment rule, Seravalli announced that the NHL will make neck guards mandatory for any new player entering the league in the 2026-27 season and beyond. The new equipment rule is no doubt inspired by the late Adam Johnson, who tragically lost his life after getting cut in the neck by a skate in an EIHL game during the 2023-24 season.

Bruins Select James Hagens Seventh Overall

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James Hagens is staying in Boston, as the Bruins have selected him with the seventh overall pick. Hagens, 18, put up 11 goals, 26 assists, and 37 points in 37 games last season at Boston College. General manager Don Sweeney and his front office benefit from Hagens sliding slightly down the draft board and keeping him in town. Although Sweeney left open the possibility of trading the No. 7 pick, the team ultimately couldn’t pass on Hagens as they rebuild toward contention.

While many believed at this time last year that Hagens was destined to be the first overall pick in this year’s draft, he slipped to seventh after producing less than expected in the NCAA. Still, Hagens game may be more NHL-ready than any of his peers in this draft class. The Long Island native plays bigger than his 5‑foot‑10, 185‑pound frame and has elite speed and scoring abilities.

In their 2025 NHL Draft Guide, Elite Prospects stated of Hagens:

“Hagens has seemingly been part of the hockey world’s zeitgeist from a young age. A fluid skater who is light on his edges, he leverages full-range wingspan handling, high activity rate crossovers, and a motor to create constant advantages. He layers pucks through tricky seams, hooks and slips feeds around pressure, and improvises on the fly with lightning-quick processing, punching away from threats and funneling play to the inside.” 

For his part, Hagens mentioned he’s glad to stay close to home and won’t have to change area codes.

“I’m so excited to be back in Boston. The Bruins are getting someone who puts his soul and body on the line. I love to win and I’m just so excited to be in Boston,” he said.

Blackhawks Select Anton Frondell Third Overall

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The Chicago Blackhawks have added another high-end forward to their deep cupboard of prospects. With the third overall pick of the 2025 NHL Draft, the Blackhawks selected Anton Frondell from the SHL’s Djurgårdens IF.

There’s a reason Frondell was listed as the top available European skater in this summer’s draft. The 6’1″, 205lbs Swede scored 11 goals and 25 points in 22 games for Djurgårdens IF HockeyAllsvenskan team, with another three goals and seven points in 16 postseason contests.

He shone on the international stage, too. The Trångsund, Sweden native scored one goal and three points in five tournament gams for Sweden’s U18 team at the U18 World Junior Championship this past season. Overall, Frondell was far and away Sweden’s top talent, scoring eight goals and 18 points in 19 international contests.

It’ll be interesting to see if Chicago decides to let Frondell make the jump to North America right away or continue his development overseas in the SHL with Djurgårdens IF, who have recently been promoted. At any rate, the Blackhawks organization and their fans will likely see Frondell participating in the 2025-26 U20 World Junior Championships.

As a natural center, Chicago may have cemented a powerful one-two punch down the middle with Frondell’s selection. Connor Bedard has already carved out his role as the team’s top center moving forward, which would allow Frondell to thrive on the second line or play on Bedard’s wing.

Sharks Select Michael Misa With Second Overall Pick

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The San Jose Sharks have added to their young, talented forward group—already headlined by Macklin Celebrini and Will Smith—by selecting Michael Misa with the second overall pick in the 2025 NHL Draft.

By selecting Misa, the Sharks have arguably added the most offensively gifted player in the draft. Playing for the OHL Saginaw Spirit last season, the speedy Misa put up 62 goals, 72 assists, and 134 points in 65 games. He added two goals and an assist in four playoff games. Listed as a center and left wing, Misa is projected to be an impact first-line center at the NHL level. More than just a flashy offensive performer, Misa also draws positive reviews for his defensive capabilities.

In their 2025 NHL Draft Guide, Elite Prospects stated of Misa:

“Capable of speeding past opponents and drawing complex rush patterns in the neutral zone, Misa finds and creates gaps in neutral zone coverages. He drives east-west, under and over teammates’ routes, slows down and accelerates, and slips pucks under sticks, always keeping defenders on their heels. Away from the puck, he’s constantly relocating from pocket to pocket, reloading to the top of the zone, sprinting behind defenders, and playing between them.”

The Sharks selection of Misa ended weeks of suspense as to who would go second overall. While it was widely expected that defender Matthew Schaefer would go first to the New York Islanders, the Sharks were perceived to have multiple options to go with. In the end, they landed Misa, who adds to one of the best young forward groups in the league.

With that young core set to lead the team moving forward, the Sharks and GM Mike Grier can now turn their attention to free agency, where the team has a league-high $40MM in cap flexibility, per PuckPedia. While the club isn’t expected to be a major player for headline free agents on July 1, they could do well by signing veteran depth to support their young core.

Islanders Select Matthew Schaefer First Overall

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As expected, the New York Islanders have selected defenseman Matthew Schaefer with the first overall pick of the 2025 NHL Draft. Schaefer is the first defenseman chosen first overall since Owen Power in 2021, and only the sixth defenseman to achieve this since the 1992 NHL Draft, when the Ottawa Senators selected Chris Phillips.

Despite playing on the opposite side of the blue line, Schaefer’s presence at the top of the draft order made trading Noah Dobson all the more palatable for the Islanders. They’ll now have a younger defenseman with a higher ceiling, while acquiring additional assets in return.

Still, Schaefer is not your typical first overall selection, and there’s no questioning that the Islanders are making a gamble. Due to a broken collarbone suffered during the 2024-25 World Junior Championships, Schaefer finished the season with seven goals and 22 points in 17 games with the OHL’s Erie Otters.

Having that level of injury concern is never ideal entering your draft year, but a collarbone fracture shouldn’t carry any long-term issues. His talent speaks for itself, and that’s the exact reason he was chosen as this summer’s top selection.

Due to his lack of playing time throughout the 2024-25 season, Schaefer becomes an exercise in scouting raw talent for the NHL level. Without any shadow of a doubt, he has the capabilities to become a top-pairing defenseman long term.

In their 2025 NHL Draft Guide, Elite Prospects broke down Schaefer’s talent perfectly, saying:

“Schaefer controls games from the back end, making the play flow through him. An elite puck-rusher, he takes off from behind his net, using it as a shield against the forecheck, and traverses the defensive zone with a few long strides. He spots teammates in every direction, making both one-touch plays and elaborate, deceptive feeds. Attacking down, he grabs the spotlight and draws opponents to him, before turning and relaying the puck across.“

Sabres Sign Jack Quinn To Two-Year Extension

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5:50 p.m.: Quinn’s deal will pay him $3.25MM in 2025-26 and $3.5MM in 2026-27 – all in base salary, according to PuckPedia. That means he has a $3.5MM qualifying offer due in 2027.

4:01 p.m.: The Buffalo Sabres have announced that winger Jack Quinn signed a two-year, $6.75MM extension with the club. Quinn was set to become a restricted free agent this summer. His new deal will carry an annual average value of $3.375MM.

Quinn will opt for the short-term bridge deal in his first free agent contract negotiations. He is coming off of his entry-level contract – a three-year, $5.3MM deal signed in the delay prior to the shortened 2021 season. Quinn played through the first 15 AHL games of his career that season and posted a stout nine points. He returned for a full season in the minors in 2021-22 and scored an impressive 26 goals and 61 points in just 45 games. His 1.36 points-per-game that season ranked third among AHLers with more than 15 games played, and earned Quinn the AHL Red Garrett Memorial ’Rookie of the Year’ Award.

The Sabres granted Quinn his NHL rookie season on the heels of his AHL breakout, and his impactful presence quickly translated. He scored 14 goals and 37 points in 75 games of the 2022-23 season, seventh-most among rookies that season. It was a hardy rookie year that ended with Quinn earning routine looks in Buffalo’s top-six. But his encore performance in 2023-24 failed to continue his hot run. Instead, he didn’t make his season debut until January after suffering an Achilles tendon injury that required surgery during the off-season. He scored a promising 19 points in 27 games – a 57-point pace across 82 games – when he did return, but the injury still left fans questioning.

Quinn bounced back to form and good health this season, but didn’t find the breakout some fans expected. He scored 15 goals and 39 points in 74 games – good for a new career-high but well short of the 50-point upside he flashed during his injured year. The fluctuation will likely earn Quinn a short-term bet on his next contract. He’ll now have a chance to prove his goal-scoring upside at the NHL level and earn a hardy payday in 2027 because of it. If he can’t, the Sabres will have an opportunity to get out from under a player who’s already borne through multiple injuries in his hockey career. Quinn is among the highest upside bets on the Sabres roster and boasts an impressive 97 points in 178 career games at the age of 23. He’ll be a player to watch closely on his new deal.

Trade Notes: Dobson, Marner, Karlsson, McBain

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The opening day of the 2025 NHL Draft got off to a quick start earlier today when the New York Islanders traded defenseman Noah Dobson to the Montreal Canadiens for Emil Heineman and a pair of first-round picks. If the Islanders’ old General Manager, Lou Lamoriello, had it his way, Dobson would have already been wearing a different Canadian team’s uniform.

According to Arthur Staple, formerly of The Athletic, Lamoriello attempted to package Dobson with other pieces at last season’s trade deadline to acquire forward Mitch Marner from the Toronto Maple Leafs. Ultimately, likely due to Toronto’s disapproval at the time, no trade materialized between the two teams.

It stands to reason that the Islanders may have known Dobson was out of their price range on a long-term extension for some time, and the new administration faced similar issues as the last. At any rate, the Islanders now have approximately $21MM in cap space entering the offseason without a big-ticket extension on their horizon.

Other trade notes:

  • It’s a well-known fact that the Vegas Golden Knights are looking to trim their salary cap table so they can put together a legitimate pursuit for Marner. Still, it doesn’t appear that long-time forward William Karlsson will be a part of that exodus, as David Pagnotta of The Fourth Period reported that there’s little activity on the Karlsson trade front. The 11-year veteran is coming off an injury-riddled season and has two years left until he reaches unrestricted free agency, making him a difficult sell to other organizations.
  • According to Josh Yohe of The Athletic, the Pittsburgh Penguins are looking to capitalize on the lack of progress in contract negotiations between the Utah Mammoth and forward Jack McBain. Yohe indicated that McBain would be an ideal fit for the Penguins’ hole at third-line center, and his physicality and tertiary scoring ability are of great intrigue to General Manager Kyle Dubas.

Austin Market Interested In NHL Expansion Franchise

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The Austin, Texas market is among those interested in joining the next round of National Hockey League expansion, reports Frank Seravalli of Daily Faceoff.

The NHL recently began cautiously expanding beyond the 30-team norm it had maintained for most of the 2020s, following a 17-year hiatus since the introduction of the Blue Jackets and Wild into the league. Most anticipated that the recent additions of the Golden Knights (2017) and the Kraken (2021) would be enough to satiate new markets for a while.

Skyrocketing franchise valuations have more than tripled prospective expansion fees, to the point where the league has informed interested parties that they’re commanding a $2B payment for a 33rd franchise, per Seravalli. That’s four times more than the $500K Vegas paid for entry and a much more aggressive increase than the Kraken faced at a $650K expansion fee.

The league has already had early success venturing into a new market with the cobbled-together relocation and sale of the Arizona Coyotes, which has become the franchise now known as the Utah Mammoth. There has also been considerable public interest from an Atlanta-based group to become the NHL’s 33rd team, with the group requesting a formal expansion process last year. A second Atlanta-based group, led by Vernon Krause, is further ahead in the effort to bring the league back to Georgia and recently cleared a significant hurdle in building a new arena in Forsyth County.

An expansion into the Eastern Conference in Atlanta would presumably be coupled in near succession with a Western Conference market. That’s where Austin could come in, particularly if the Phoenix/Arizona market continues to struggle with constructing an NHL-ready arena to entice the league to return there. The league has remained adamant that it won’t actively solicit expansion bids or open a formal expansion process and is under no pressure to add teams. Still, it will consider compelling applications sent its way.

According to Seravalli, the league informed the Board of Governors this week that it has received legitimate expressions of interest from five markets: Atlanta, Austin, Houston, Indianapolis, and New Orleans. For Canadian fans hoping for an eighth NHL team north of the border, it still doesn’t appear that’s in the cards anytime soon.

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