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Washington Capitals Claim Matthew Phillips Off Waivers

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The Washington Capitals have reclaimed forward Matthew Phillips off waivers from the Pittsburgh Penguins according to Sportsnet’s Elliotte Friedman. After spending 18 days with the Penguins organization, Phillips will return to Washington.

Signing a one-year, $775K contract with the Capitals on July 2nd last summer, Phillips was looking for a fresh start with a new organization. Unable to make his way up the depth chart with the Calgary Flames, Phillips was able to crack Washington’s active roster after an impressive preseason performance.

In his first four games with the Capitals, Phillips got off to a quick start, scoring one goal and three points overall. Unfortunately, in his next 23 games for Washington, Phillips was only been able to muster two assists, leading to his placement on waivers by the team only a few weeks ago.

Only suiting up in three games for Pittsburgh, the Capitals will now have the ability to send Phillips down to their AHL affiliate, the Hershey Bears, without having to place him back on waivers. As they attempt to defend their Calder Cup title, the Bears are well positioned to repeat, sitting in first place across the league in the AHL standings by a margin of 13 points.

Red Wings Have Shown Interest In Bryan Rust

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The Red Wings “have shown the most interest” among multiple teams that have inquired about acquiring veteran Penguins winger Bryan Rust via trade, Josh Yohe of The Athletic reports Tuesday. However, the 31-year-old is unlikely to be on the move ahead of Friday’s trade deadline, as Yohe says Pittsburgh GM Kyle Dubas has not asked Rust to waive his no-move clause.

A 4-5-1 stretch in their last 10 games has the Penguins slipping down the Eastern Conference standings and heading toward retool mode. They boast arguably the top pending UFA available on the trade market in Jake Guentzel, and the prospects they receive in return for the point-per-game winger could help inject some much-needed youth as they attempt to continue being playoff contenders in the twilight years of the Sidney Crosby/Evgeni Malkin/Kris Letang core.

As Yohe points out, Guentzel’s likely trade in the next three days makes dealing Rust now a more aggressive short-term downgrade than Dubas is willing to execute. The team has no intentions of a complete rebuild with Crosby in the fold, especially with their captain nearing the end of his contract. Trading away both of his regular linemates would be counterintuitive.

That said, Rust is signed through 2028 at a reasonable $5.125MM cap hit, and his NMC expires on July 1, 2025. It wouldn’t be surprising to see the Red Wings keep tabs on the Michigan native as the Penguins continue to navigate tumultuous waters and make another run at acquiring him, either during this offseason or after his NMC expires.

While injuries have limited Rust to 42 games this year, he’s primarily bounced back from a disappointing 2022-23 season that saw him produce at his lowest clip in four years. He’s potted 18 goals and 18 assists for 36 points with a career-high +15 rating, putting him on pace for 70 over an entire season – much closer to the realm of production he’s had throughout his prime.

A third-round pick of the Pens in 2010, Rust hoisted the Stanley Cup in his first two full seasons in the league in 2016 and 2017. If Detroit maintains their level of interest, he could be a logical veteran replacement for Patrick Kane in the top-six, who will be a UFA this summer after signing a one-year, $2.75MM deal to resume his NHL career in Hockeytown mid-season.

Photo courtesy of USA Today Sports.

Canucks, Golden Knights Among “Legit Suitors” For Jake Guentzel

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The Canucks and Golden Knights are among the teams making serious offers for star Penguins winger Jake Guentzel ahead of the trade deadline, Pierre LeBrun of TSN and The Athletic reports Monday. The two Pacific Division squads are among at least six “legit suitors” for his services.

Pittsburgh was viewed as a team with uncertain status heading into deadline season a few weeks ago, but three straight losses now have them 10 points out of a playoff spot and hurtling toward seller status. As such, the likelihood of them parting ways with Guentzel this week has skyrocketed, with the team reportedly preferring high-end prospects in return rather than first-round draft picks.

If that’s the case, Vancouver has the much stronger arsenal to deal from. The team recalled 2019 top-10 pick Vasily Podkolzin from AHL Abbotsford over the weekend, and he made his season debut yesterday against the Ducks, speculatively as a showcase for a trade. Offers centered around him, such as 2022 first-round pick Jonathan Lekkerimäki or 2023 first-round pick Tom Willander, are likely to draw the attention of Penguins GM Kyle Dubas.

In comparison, Vegas’ potential offer could center around 2020 late first-round pick Brendan Brisson or 2023 selection David Edstrom, the last pick of the first round, who grades out as a potential high-end third-line center.

Importantly, neither team has the long-term flexibility to ink the pending UFA to an extension. The Golden Knights are averaging less than a $1MM cap hit in space for every open roster spot next season, while the Canucks need to allocate a significant chunk of next season’s spending to their defense – only Quinn Hughes and Noah Juulsen are signed through next season or longer. Guentzel’s $6MM cap hit would also pose an insurmountable salary cap hurdle for Vancouver and Vegas, so the team must retain half of his salary in any potential deal.

Both teams could use the top-line help, however. Canucks star center Elias Pettersson is currently flanked by Nils Höglander and Pius Suter, both of whom are better suited for middle-six roles. Vegas, meanwhile, is still looking to shoulder the loss of captain Mark Stone for the rest of the regular season, and potentially the playoffs, due to a lacerated spleen.

While also injured, Guentzel is nearing a return from an upper-body injury that’s kept him out since mid-February and should be ready to return shortly after the deadline. He has 22 goals and 52 points in 50 games this season, set to eclipse the point-per-game mark for the fourth time in the last five years.

Penguins Place Matthew Phillips On Waivers

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The Penguins placed forward Matthew Phillips on waivers Monday for the purposes of assignment to AHL Wilkes-Barre/Scranton, Elliotte Friedman of Sportsnet reports.

This is Phillips’ second time on waivers this season. He’s been claimed once, heading to Pittsburgh from the Capitals last month.

Once an AHL standout in the Flames organization, Phillips has struggled to adapt in his first shot at a full-time NHL role this season. He had one goal and four assists in 27 games with Washington before landing on waivers, and he was a healthy scratch in five straight games for the Penguins after making three consecutive appearances post-claim. He didn’t record a point in Pittsburgh and averaged 11:20 per game, slightly up from his 10:16 average with Washington.

Phillips, 25, inked a one-year, one-way deal with the Caps last summer. He was coming off a second straight AHL season in which he produced over a point per game, notching 36 goals and 76 points in 66 games with the Calgary Wranglers in 2022-23. It appears unlikely he’ll be claimed off waivers a second time this season after failing to impress with two organizations, although he could get a chance to rebuild his value with a strong stretch of play in Wilkes-Barre/Scranton.

Phillips will be a restricted free agent with arbitration rights at the end of the season, although it seems unlikely Pittsburgh will issue him a qualifying offer to retain his rights. The Calgary native was a sixth-round pick of the Flames in 2016.

Penguins Set Asking Price For Jake Guentzel

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  • Lastly, Friedman confirmed that the Pittsburgh Penguins had set the asking price for forward Jake Guentzel at two prospects; not one prospect and a first-round pick. Friedman’s report comes a few days after President of Hockey Operations and General Manager Kyle Dubas said to reporters that the Penguins’ primary focus at this year’s trade deadline would be to get younger overall. With several buyers not interested in parting with a first-round pick at this year’s trade deadline, the asking price for Guentzel may lead to a larger market for Pittsburgh to choose from.

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Guentzel Takes Part In Morning Skate

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  • Penguins winger Jake Guentzel took part in today’s morning skate in a non-contact jersey, notes Matt Vensel of the Pittsburgh Post-Gazette (Twitter link). The 29-year-old has been his usual point-per-game self this season with 52 in 50 games but he may have played his last game in Pittsburgh.  Guentzel is currently on LTIR with an upper-body injury and isn’t eligible to return until March 10th, two days after the trade deadline.  The fact he took part in the skate today is a promising sign that he’ll be able to return as planned on the 10th or soon after.

Penguins Receiving Strong Interest In Reilly Smith

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At the trade deadline, the focus is often on the rental market.  Contending teams are looking for that final piece but want a short-term acquisition as they can’t afford to keep the player beyond the current season.  However, some non-rentals also attract some interest at this time of year.  It appears one of them is in Pittsburgh as Daily Faceoff’s Frank Seravalli reports that the Penguins are receiving a lot of calls on winger Reilly Smith, even more than Jake Guentzel, one of the top rentals potentially available between now and March 8th.

The 32-year-old was acquired by Pittsburgh last summer in a move that basically amounted to a salary cap dump from Vegas with Smith, an important part of their Stanley Cup run, yielding just a third-round pick in return.  For a player who reached the 50-point mark in four of his six seasons with the Golden Knights, the return was on the light side but in a flat-cap environment, several teams had to make tough decisions like that.

While Penguins GM Kyle Dubas was hoping that Smith would be a key two-way contributor, that hasn’t exactly been the case.  Instead, his offensive numbers are down as he has just 10 goals and 15 assists in 51 games so far, not a great return on a $5MM price tag.  He’s still averaging over 16 minutes a night, however, and is seeing some action on the penalty kill.  In terms of a player profile, Smith is the type of player a lot of teams can use.

Fitting that contract onto the books is difficult enough for this season with half the league currently using LTIR to stay salary cap-compliant.  The fact that Smith has another year left on his deal after this one adds to the allure but also adds to the complications of making such a deal work.

Seravalli suggests that Smith could be a candidate for salary retention to help open up his market.  Pittsburgh has two of their three slots left while the one they’ve used (Jeff Petry) is on the books through next season.  If Dubas isn’t concerned about using a second slot through 2024-25, paying down Smith’s contract to just a $2.5MM AAV would certainly bolster his market and should allow them to get a considerably better return than what they gave up to get him.  While it’s not the direction they were hoping for, it looks like Smith could help yield a quality piece for a potential rebuild or retool this offseason.

Penguins Recall Jonathan Gruden

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  • The Penguins have recalled left-winger Jonathan Gruden for the second time in the past two days, per a team announcement. The 23-year-old was brought up under emergency conditions before yesterday’s loss to the Kraken but did not play, and was briefly returned to AHL Wilkes-Barre/Scranton over the night. He’s skated in five NHL games this year, going without a point while averaging 7:20 per game.

Noel Acciari, Drew O'Connor Okay After Sustaining Injury

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Penguins Place Bryan Rust On IR, Recall Jonathan Gruden

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The Pittsburgh Penguins have placed winger Bryan Rust on injured reserve. The team designated Rust as week-to-week on Tuesday, as he’s recovering from an upper-body injury. Many of the details around the injury, including when exactly Rust may return, are still unclear.

This news comes with an extra sting, as Rust’s linemate Jake Guentzel is also out until mid-March with an upper-body injury of his own. This leaves Sidney Crosby as the last healthy member of the team’s top line, now flanked by Reilly Smith and Rickard Rakell. The Penguins have had Guentzel and Rust both healthy for just 37 games this season. They’ve outscored opponents 108-to-103 in those matchups, setting a 15-16-6 record. Guentzel is one of just two Penguins, along with Crosby, still scoring at a point-per-game pace, with 52 points in 50 games. Rust has fallen a bit behind his co-leads, scoring 36 points in 42 games of his own.

Pittsburgh recalled forward Jonathan Gruden in response to Rust’s IR placement. Gruden has already played in five NHL games this season, going without a point and setting a -2. The outings have brought his career totals up to eight NHL games – the other three coming last season – with Gruden still looking for his first appearance on the scoresheet. The 23-year-old centerman has also appeared in 41 AHL games this season, scoring 13 goals and 23 points. Gruden will join a Penguins lineup with spots open – likely set to battle with Jesse Puljujarvi, Valtteri Puustinen, and newcomer Matthew Phillips for key depth roles.

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