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Erik Karlsson

East Notes: Karlsson, Luukkonen, Morrow

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Now that the Pittsburgh Penguins are in rebuild mode, much has been made this offseason about the potential trade candidacy of the trio of Rickard Rakell, Bryan Rust, and Erik Karlsson. Regarding the latter candidate, while speaking on the Kevin Karius Show, Josh Yohe of The Athletic expects a trade to be completed sooner rather than later, with one team in particular leading the pack.

According to Yohe, the Detroit Red Wings have been the most active team in their pursuit of Karlsson. This isn’t to say that the Red Wings are the only interested party, but they are the team that Yohe has heard the most about. Detroit is in a unique position as a team looking to contend, which could also conceivably afford Karlsson’s total $10MM cap hit.

If the Red Wings considered taking on Karlsson’s full salary, it would limit any potential trade return for the Penguins, but it could be the best option for the rebuilding club. It’s not complicated to ascertain Detroit’s purported interest in Karlsson, as the right side of their defense behind Moritz Seider is undeniably thin.

While Karlsson’s defensive weaknesses have become more evident in his game over the past two years, he would certainly be an improvement for the Red Wings behind Seider. Additionally, bringing him in wouldn’t create any long-term commitments, which General Manager Steve Yzerman has generally worked to avoid during his early years managing Detroit’s front office.

Other notes from the Eastern Conference:

  • Yesterday evening, the Buffalo Sabres surprised many by inking netminder Alexandar Georgiev to a one-year pact for the 2025-26 season. Given that Buffalo already has Ukko-Pekka Luukkonen, Devon Levi, and Alex Lyon rostered for next year, there wasn’t an apparent positional need for Georgiev. Giving context to the signing in a new article on The Athletic, Matthew Fairburn reported that team sources indicated that Luukkonen “tweaked” something over summer training, and the Sabres are unsure when he’ll be back to full health. No reports indicate that Luukkonen has sustained a serious injury, but it is something to monitor during training camp.
  • Speaking for the first time on the trade that sent him from the Carolina Hurricanes to the New York Rangers, defenseman Scott Morrow described the news as bittersweet. In a recent interview with John Kreiser of Forever Blueshirts, Morrow was quoted as saying, “It was definitely a little bit of disappointment leaving Carolina because it’s a great organization, but I’m super pumped to be here.” As the principal player acquired for K’Andre Miller, Morrow is expected to compete for a spot on the Rangers’ opening night roster.

Evening Notes: Karlsson, Hughes, Swayman

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The Penguins are entering the season with much of last season’s roster intact, but Erik Karlsson remains the most likely trade candidate. In a recent article on The Athletic, Josh Yohe highlights that despite being a three-time Norris Trophy winner, Karlsson’s $10 million cap hit, recent struggles, and no-movement clause could complicate any potential trade. Any trade would likely require Pittsburgh to retain a large portion of his salary, raising questions about whether the return would justify the cost.

An ownership change could further complicate a Karlsson trade. The new prospective ownership group, the Hoffmann Family, may be reluctant to inherit retained salary obligations, while Fenway Sports Group could hesitate to commit to such a deal if it remains the majority owner. The uncertainty leaves Karlsson’s future in limbo, even as the front office appears to believe moving him is ultimately in the team’s best interest.

As Yohe notes, Karlsson’s situation also ties directly to the development of prospect Harrison Brunicke. The 19-year-old impressed last year as the best defensive prospect in the Penguins system, scoring five goals and 30 points in 41 games for the WHL’s Kamloops Blazers. Still, with Karlsson, Kris Letang, Matt Dumba, and Connor Clifton on the right side, there’s no current path to NHL minutes. A Karlsson trade could open significant ice time and accelerate Brunicke’s rise, aligning with the Penguins’ stated goal of going younger this season.

Other notes from this evening:

  • Despite qualifying for the playoffs for the first time since reaching the Stanley Cup Final in 2021, the General Manager of the Montreal Canadiens, Kent Hughes, is tempering down expectations for the team entering the 2025-26 campaign. Montreal gained a year of experience from last year’s playoff run and boosted its forward core this summer by adding Zachary Bolduc from the St. Louis Blues. Still, in an interview with Pierre LeBrun of The Athletic, Hughes was quoted as saying, “It’s great that the fan base is excited about it. As a general manager, you worry that the players don’t get too far ahead of themselves. It’s a little bit harder when people see you coming than when we sneak up on them.“
  • After the objectively worst season of his NHL career, Jeremy Swayman of the Boston Bruins has changed “everything” about his play this summer. In a post-skate meeting with Scott McLaughlin of WEEI, Swayman said, “I’m a completely different human being.” Last season, in his first as Boston’s de facto starter, Swayman managed a 22-29-7 record in 58 starts with a .892 SV% and 3.11 GAA.

Poll: Will The Penguins Be Able To Trade Erik Karlsson?

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Before the offseason began, it became clear that the Penguins were uniquely positioned as one of the league’s true few sellers who had no plans of contending for a playoff spot in 2026. Even with an understaffed roster, particularly on the blue line, they do still have some valuable trade chips to leverage in order to recoup additional future assets for their ongoing rebuild while also giving them a greater chance at a high-end pick in a stacked 2026 draft class.

While wingers Rickard Rakell and Bryan Rust will likely yield the most calls and have rather movable contracts, defenseman Erik Karlsson has also been on the shopping block since last season’s trade deadline. Aside from the declining veteran’s $10MM cap hit being virtually immovable without at least an additional 20% worth of retention, he has a no-movement clause through the remainder of his deal, which expires following the 2026-27 season.

Moving him, even with retention, is a sensible goal for the Penguins if they can yield a significant return. The 35-year-old obviously doesn’t fit into their long-term plans, and shedding some of his salary opens up more flexibility to take on more shorter-term undesirable contracts in the near future in exchange for additional futures, similar to their pickup of Matt Dumba from the Stars earlier this month.

That no-movement clause, which Karlsson waived to facilitate a trade to Pittsburgh from San Jose following his Norris-winning campaign in 2023, makes generating that significant return a difficult feat. He’s produced at a decent 55-point pace over his two seasons with the Pens and hasn’t missed a game since his acquisition, but a look under the hood reveals declining possession impacts to pair with his already solidified one-dimensional reputation as an offensive-minded rearguard.

While he usually helps his team generate significantly more shot attempts to help offset those poor defensive impacts, his +2.0% relative Corsi at even strength last year was among the worst of his career, as was his 48.4 xGF%. Entering his age-35 season, it’s not exactly as if there’s hope for a rebound there unless he’s deployed in an extremely insulated possession system.

Even if the Penguins are able to make Karlsson a $7MM-$8MM player for the next two seasons, the Venn diagram of teams that can afford him and those he’d be willing to waive his NMC for isn’t favorable. He’s willing to move but is only considering waiving his clause for a select few Stanley Cup contenders, according to reports earlier this month. That’s both foreseeable and reasonable – Karlsson has yet to reach a Stanley Cup Final in his 16-year NHL career.

That makes it hard to see many speculative fits outside of a potential move to the Hurricanes, who have something of a hole on the right side of their blue line after losing Karlsson’s former teammate, Brent Burns, to Colorado in free agency. They’ve got the space ($10.64MM) to burn and the high-end possession system to insulate his defensive shortcomings, particularly if he’s given license to play top-pairing minutes with one of the league’s top pure shutdown rearguards in Jaccob Slavin.

He’s not an extremely pressing need for Carolina with some other skilled puck-movers on their back end and a potential game-breaker in Russian rookie Alexander Nikishin, though. There will be questions, both from the public and likely within the Canes’ front office, of whether it’s wise to spend their remaining cap space on an area of strength rather than trying to pursue options to address their hole at second-line center.

PHR readers – how do you think things will shake out? Will the Penguins be able to get a Karlsson deal done? If so, how much money will they need to retain to make it happen? Vote in our poll below:

If you can’t see the poll, click here to vote.

Metropolitan Notes: Clifton, Karlsson, Berard

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When the Pittsburgh Penguins acquired defenseman Connor Clifton and the 39th-overall pick in the 2025 NHL Draft from the Buffalo Sabres in exchange for defenders Conor Timmins and Isaac Belliveau ahead of the 2025 NHL Draft, the biggest asset coming back to Pittsburgh appeared to be the pick. However, Clifton is working hard to make a name for himself with his new team.

Speaking with reporters, including Seth Rorabaugh of Triblive.com, Clifton noted his desire to get back to the physical play that became his calling card early in his career. Though the 30-year-old defenseman stands at just 5’11” and 195 pounds, he’s never hesitated to throw big hits or drop the gloves when needed to shift momentum. As Rorabaugh notes, Clifton has led his team in hits each of the last three seasons.

“Working to get to the next level, it was always a big part of my game. I feel like I out-competed my way to the NHL with that sort of style, and that’s what’s going to keep me there,” he said.

Through seven NHL seasons, Clifton has recorded 1,014 hits to go along with 77 points and a plus-43 rating. While Clifton admitted that his two seasons in Buffalo “put my career at a standstill,” he expressed excitement about the opportunity to play in Pittsburgh.

“The change of scenery, I got that call that I’m going to be a Pittsburgh Penguin, I was really excited for the change. I want to get back to my old self and how I play and the impact that I have on the game,” he said.

Elsewhere in the Metropolitan:

  • Clifton’s new team—for now—still includes Erik Karlsson, whose name has been a constant in trade rumors. While Karlsson has two years remaining on his contract, giving GM Kyle Dubas some flexibility, The Athletic’s Shayna Goldman notes that Karlsson’s age and the risk of a sudden decline could push the Penguins to move him sooner rather than later. As Goldman notes, the pool of quality defensemen available on the open market is drying up. At the same time, the number of teams with an urgent need for a top-pairing blueliner is also shrinking. The offensive-minded Karlsson put up 11 goals and 53 points for the Penguins last season, but also struggled with defensive breakdowns throughout the season.
  • New York Rangers winger Brett Berard played 35 games throughout his rookie campaign last season, but the majority of them were done so while playing through a significant injury. According to USA Today Sports reporter Vince Mercogliano, Berard suffered a torn labrum in his fourth game of the season on November 30 and played through it the rest of the season. The injury did not require surgery, and the offseason layoff has allowed Berard to return to full health ahead of training camp. In those 35 games, Berard produced six goals and 10 points.

Erik Karlsson Open To Being Traded To A Handful Of Teams

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With the Penguins known to be sellers this summer, there has been plenty of speculation about the future of some of their veterans.  While wingers Bryan Rust and Rickard Rakell have been generating a lot of attention, one other veteran that seemingly could be in play is blueliner Erik Karlsson.

The 35-year-old has two years left on his contract with the Penguins responsible for $10MM of his $11.5MM cap charge and San Jose covering the remainder.  Notably, a $5MM signing bonus this summer has already been paid, meaning his total cash compensation remaining is $11.5MM over the final two years combined, $1.5MM of which again is covered by the Sharks.

While Karlsson has a no-move clause, Chris Johnston of TSN and The Athletic recently reported in his latest podcast (audio link) that he is willing to be moved.  However, he adds that there are only a few teams the veteran is willing to move to; Johnston didn’t identify any of the potential landing spots Karlsson would be amenable to going to.

While Karlsson hasn’t been able to come close to the 101 points he put up just two seasons ago, he’s still an above-average offensive blueliner, notching 56 and 53 points over the last two years while logging over 23 minutes a night.  While he’s never been elite on the defensive side of things, he’s still a legitimate impact player.

To that end, Johnston notes that Pittsburgh isn’t viewing Karlsson as merely a cap dump.  If he is to be moved, GM Kyle Dubas will be expecting a positive-value return and in the current environment, he has a good chance to land that.  The UFA market for blueliners is largely dried up now while more than one-third of the league has the cap space to take on the remainder of his contract outright without salary retention.  Meanwhile, if Pittsburgh were to retain some money or take players back, several more teams could get into the mix as well.

Depending on which teams Karlsson is willing to move to, Pittsburgh actually might have more realistic options than San Jose did two summers ago when very few teams had the ability to add the bulk of his contract.  Despite the drop in production, that should have Dubas in decent shape in terms of trying to build some sort of market for his defender’s services, especially if there are suitors that value the cap hit being higher than the remaining cash outlay.

But, even in a salary cap environment that’s set to jump again considerably next summer, moving Karlsson for even close to full value will be a challenge.  That said, the Penguins didn’t pay close to full value for him two summers ago when he was coming off his third Norris Trophy win.  So, while Pittsburgh is in decent shape to get something of value for Karlsson, it’s unlikely they’ll get a key element to their rebuild in a package.  And with Karlsson holding the cards with a full veto if he doesn’t want to go to a specific team, the Penguins could yet lose some leverage in discussions.

While it might make sense to wait for an in-season move if injuries strike, the summer is generally considered an easier time to make bigger moves work on the salary cap side.  With that in mind, Karlsson is a player to keep an eye on in the coming weeks with teams still looking to add to their rosters in a market where demand greatly outweighs supply.

Snapshots: Karlsson, Love, Kolosov

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With a free agent market that isn’t particularly deep for right-shot defensemen, league sources tell Daily Faceoff’s Frank Seravalli that there’s an expectation that Penguins blueliner Erik Karlsson could be in play this summer.  The soon-to-be-35-year-old has put up 109 points in his two seasons with Pittsburgh, well above average although far below the 101 he tallied in his final year with San Jose.  Meanwhile, his defensive game has continued to be inconsistent which could have GM Kyle Dubas looking to move him to shake up his team.  Karlsson has two years left on his contract at $10MM per season (with the Sharks contributing $1.5MM more as part of the trade two summers ago) and the Penguins would undoubtedly need to pay that down to find a suitable trade for his services.

Elsewhere around the NHL:

  • The Kraken appeared to be getting close to hiring Washington assistant coach Mitch Love as their new head coach, according to Daily Faceoff’s Anthony Di Marco. However, those talks apparently stalled at the finish line.  He relays that there may be a condition for the new bench boss to retain assistant Jessica Campbell which could be a deterrent to potential candidates who might want to bring in their own preferred group of assistants.  Love is a speculative finalist for both the Pittsburgh and Boston openings as well so things falling apart late could also be a sign that a better offer came from one of the other teams.
  • After not reporting to Philadelphia’s AHL affiliate after the regular season ended, many wondered if goaltender Aleksei Kolosov could be looking to return to the KHL. Sport-Express’ Artur Khairullin recently reported that the 23-year-old is expected to return to Dynamo Minsk next season, even though he’s under contract with the Flyers through next June.  Kolosov played in a dozen games with Lehigh Valley early in the year and got into 17 more games with Philadelphia the rest of the way but struggled, posting a 3.59 GAA and a .867 SV% in those outings.  With Kolosov on an NHL deal next season, the logistics of Kolosov returning to the KHL will need to be worked out, either by a mutual termination if Philadelphia is willing or his deal could ultimately be tolled at the NHL level.

Metropolitan Notes: Karlsson, Islanders, Ashton

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Erik Karlsson’s tenure with Pittsburgh has been a bit underwhelming, to say the least.  While he has eclipsed 50 points in each of his first two years, his totals pale in comparison to the 101 he had in 2022-23 with San Jose.  In a recent 32 Thoughts podcast (audio link), Sportsnet’s Elliotte Friedman mused that once Karlsson’s signing bonus gets paid (July 1st is the payment date for most but not all), the 34-year-old will be more of a realistic trade target.  At that point, he’ll be down to just $11.5MM in cash owed over the final two years of the contract, a chunk of which the Sharks will be picking up.  If the Penguins are willing to retain further, they might find a relatively decent trade market for his services, especially among some of the lower-spending teams who might find extra value in having an AAV higher than cash owed.

More from the Metropolitan:

  • Ethan Sears of the New York Post provides (subscription link) an overview of some questions the Islanders now face in the wake of Lou Lamoriello not getting his contract renewed. Chief among them is the fate of contract extension talks between the club and pending UFA winger Kyle Palmieri.  It looked as if a new deal was a matter of when, not if, but if the new GM wants to go a different direction, that could now be off the table.  Sears also flags the handling of Noah Dobson’s next contract as a key question.  While Lamoriello didn’t seem to view the pending RFA as a number one defender, his numbers suggest he’s about to be paid like one.  Does the new GM want to hand out a max-term contract or look for something shorter-term that might come in a little cheaper?
  • Blue Jackets prospect Luke Ashton has transferred to Cornell for next season, relays Brad Elliott Schlossmann of the Grand Forks Herald (Twitter link). The 20-year-old blueliner was a sixth-round pick last year after a strong offensive season with BCHL Langley that saw him tally 18 goals.  However, he only managed five goals along with eight assists with Minnesota State (Mankato), resulting in Ashton deciding to look for a change of scenery.  He is now one of three NHL-drafted blueliners on the Big Red.

Penguins And Predators To Face-Off In 2025 Global Series

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The Pittsburgh Penguins will return to Stockholm next season to face-off against the Nashville Predators in the 2025 NHL Global Series in Sweden, per an NHL announcement.

The games are slated for Nov. 14 and Nov. 16 and will be played at Avicii Arena. The Penguins are returning to Sweden after taking part in the 2008 NHL Premiere Series. It will represent the second time leaders Sidney Crosby, Evgeni Malkin, and Kris Letang will take part in games overseas.

The series will represent a homecoming for players on both sides. For the Penguins, Norris Trophy winner Erik Karlsson, as well as 30-goal winger Rickard Rakell will participate (barring injury of course), while the Peds will be represented by forward Filip Forsberg and defenders Adam Wilsby and Andreas Englund.

The NHL Global Series, started in 2017 in games between the Ottawa Senators and Colorado Avalanche in Stockholm, continues a long history of international competition for NHLers. This includes the 1938 European Tour between Red Wings and Canadians (a seven-game series that the Canadians won 4-3), the 1979–80 Super Series between Russian teams and NHL squads, and most recently the NHL Premiere Series, which ran from 2007 to 2011.

Rakell and Karlsson both expressed their excitement in playing in the series. Karlsson said the series will be a “great experience” and noted how fun it will be to play before family and friends in his home country. There is speculation surrounding Karlsson’s long-term future in Pittsburgh, so it’s not exactly a certainty he’ll be a Penguin next November.

Swedish-born Predators also expressed their excitement surrounding the series, including Forsberg who noted, “It’s obviously going to be a great time, a great opportunity for me.”

While it’s the first time Nashville will play in Sweden, it’s the organization’s third international trip. They played the Sharks in the 2022 Global Series in Prague, as well as a series against Pittsburgh at the GAME One Japan series in 2000.

In the 2008 Global Series, the Penguins split two games with the Senators. In those games, Crosby registered two assists, Malkin had a goal and an assist, and Letang registered nearly 50 minutes of total ice time between the two contests.

Latest On The Pittsburgh Penguins

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Josh Yohe of The Athletic writes that the Pittsburgh Penguins never came close to dealing forward Rickard Rakell prior to the NHL Trade Deadline. The Penguins reportedly didn’t care to deal Rakell and were happy to hold onto him, despite receiving several offers for his services. Pittsburgh general manager Kyle Dubas doesn’t want the Penguins to tank over the next few years and instead hopes to mirror the retool that the Washington Capitals recently went through.

Dubas did make plenty of moves leading up to the deadline, but didn’t move any of the bigger names such as Rakell or Erik Karlsson. Yohe believes that the Penguins would like to move Karlsson in the summer and are willing to retain as much as $3MM to facilitate a move. Karlsson hasn’t been terrible in Pittsburgh, but his style of play has not meshed well, and he has not been the Norris Trophy defenseman that Pittsburgh thought they were trading for in the summer of 2023.

If the Penguins move on from Karlsson, it will put more pressure on defenseman Kris Letang. Although it’s questionable as to whether he will stick around. Yohe speculates that Dubas will approach Letang to see if he still has interest in remaining in Pittsburgh during their roster turnover. Letang has a full no trade clause and three years remaining on his contract at a $6.1MM AAV. His actual salary in those three years will be $4.8MM per year, which could be appealing for teams on an internal budget. Letang is having arguably the worst season of his professional career but remains a top four NHL defenseman. He hasn’t publicly expressed any interest in moving on from the Penguins.

Yohe expects teams to call Pittsburgh this summer about forward Bryan Rust as his full no movement clause expires. While teams will be interested, Yohe doesn’t believe the Penguins want to move the veteran, who is playing some of the best hockey of his career with 21 goals and 26 assists in 55 games this season.

Given the nature of the Penguins’ deadline, and a desire to keep high character veterans in the fold, it looks as though the Penguins intend to turn things around quickly rather than enduring a five-year rebuild. Yohe acknowledges that next year will be tough for Pittsburgh, but the Penguins are hoping to contend for a playoff spot again in the next two years.

Latest On The Pittsburgh Penguins

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The Pittsburgh Penguins aren’t expected to have a fire sale prior to the NHL Trade Deadline but they could be one of the busier teams this week according to Josh Yohe of The Athletic. Yohe projects that the Penguins will try and get their bigger moves done mid-week because they will be in Las Vegas on Friday and will have a difficult time getting players to the West Coast if they make moves right at the Deadline.

Yohe believes that Penguins general manager Kyle Dubas and his management team may have altered their plans due to the market shifting and becoming much more of a seller’s market. There are only six teams that are truly in sell mode, and this has led to first round picks being moved routinely in recent weeks. The Penguins have already acquired one in the swap with Vancouver for Marcus Pettersson and could be looking to land another for Rickard Rakell.

Dubas has been stockpiling young assets since last year’s Trade Deadline and is expected to move out more veterans in favor of futures. Most of the roster appears to be in play except for Sidney Crosby, Evgeni Malkin, Bryan Rust, and likely Kris Letang.

Defenseman Matt Grzelcyk, and forwards Anthony Beauvillier and Noel Acciari are available and Yohe speculates that at least one of them will be moved. Grzelcyk and Beauvillier are UFAs this summer and are unlikely to remain in Pittsburgh long term, so moving them makes sense even though the return will be minimal. Acciari seems the least likely to go as he has another year on his deal at $2MM and Dubas has always had an affinity for the 33-year-old.

Then there is the Erik Karlsson $10MM question. Yohe guesses that a summer deal is more likely for the three-time Norris Trophy winner as no trade talks have happened yet and he hasn’t been asked to waive his no-trade clause. Penguins’ management reportedly believes that Karlsson would be willing to go to other teams, but the list of potential destinations isn’t long.

Several Western Conference teams have expressed interest in forward Rakell, but the Penguins don’t feel any pressure to move him. That being said, given that few teams are selling the Penguins might get an offer in the final few days that is too hard to refuse.

Regardless of what the Penguins do, it’s hard to imagine that they make any moves in net, the team reportedly would like to keep Alex Nedeljkovic around to mentor their younger goaltenders, and Tristan Jarry is unmovable at this point, other than perhaps swapping him for another overpriced player who is underperforming.

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