Pittsburgh Penguins Activate Erik Karlsson
According to a team announcement, the Pittsburgh Penguins have activated defenseman Erik Karlsson from the injured reserve. In a corresponding roster move, the Penguins have placed defenseman Ryan Graves on the injured reserve.
Pittsburgh will have their highest-scoring defenseman back in the lineup tonight against the Edmonton Oilers. Karlsson, 35, has been sidelined the last nine days with an undisclosed injury and has returned somewhat earlier than expected.
In a resurgent year, the former Norris Trophy winner has registered four goals and 33 points in 44 games for the Penguins this season. He’s led all defensemen in Pittsburgh in ATOI with a 23:46 mark.
He has played a crucial role in the Penguins’ surprising return to contention this season. Not only is Karlsson 20 points away from matching his point totals from last season, but he’s managed a robust 54.3% CorsiFor% at even strength. Despite his 88.6% on-ice SV% being below what most teams would expect from their top defenseman, it’s an improvement from where Karlsson was at as recently as last year.
It couldn’t have come at a better time for the player or team, either. Being the subject of trade speculation throughout Pittsburgh’s retool, a resurgent year from Karlsson has put the Penguins in a better spot regarding his future. The team may be more comfortable retaining Karlsson, given his strong play this season, or have better luck trading him now that interested parties may be more inclined to acquire him.
Meanwhile, Graves will head to the injured reserve after initially being recalled to replace Karlsson’s spot on the active roster. Assuming the rest of the defensive core can remain healthy, Graves will likely be reassigned to the AHL’s Wilkes-Barre/Scranton Penguins upon his activation. He cleared waivers at the end of December and hasn’t met the requirements to need waivers again.
Infamously signed through the 2028-29 season at a $4.5MM cap hit, Graves has been scarcely used by the Penguins this season. Serving in a depth role, he’s registered one goal in 19 games while averaging 15:29 of ice time per game. Playing in the AHL for the first time since the 2018-19 season, Graves has recorded two goals and nine points in 13 contests.
Snapshots: Garland, Chytil, Blueger, Stamkos, Karlsson
Canucks winger Conor Garland has been generating several inquiries lately, reports David Pagnotta of The Fourth Period (Twitter link). While Vancouver has shifted into a rebuild of sorts, Pagnotta adds that Vancouver isn’t necessarily looking to move him but will listen to inquiries. The 29-year-old has seven goals and 15 assists in 37 games so far this season in the final season of his current deal that carries a $4.95MM cap charge. However, he has already signed a six-year, $36MM extension that will begin in 2026-27 so any interested teams would know they’ll need to take on that sizable commitment.
Elsewhere around the NHL:
- Still with the Canucks, they could be getting some good news soon on the injury front. Postmedia’s Ben Kuzma notes (Twitter link) that centers Filip Chytil and Teddy Blueger were full participants at practice and are nearing returns. Chytil has only played in six games this season (where he has three goals) and has been sidelined with a concussion for the last three months. Blueger has been out just as long with a lower-body injury. After also being injured to start the year, he has only been able to play twice so far in 2025-26. A pending UFA, Blueger is a strong trade candidate if he’s able to stay healthy between now and the trade deadline in early March.
- The league announced that Predators forward Steven Stamkos has been fined $2.5K for unsportsmanlike conduct for an incident with Vegas defenseman Jeremy Lauzon during Saturday’s game. The fine money goes to the Players’ Emergency Assistance Fund.
- Penguins defenseman Erik Karlsson returned to practice today in a non-contact capacity, relays Seth Rorabaugh of the Pittsburgh Tribune-Review. The 35-year-old has missed the last week with an undisclosed injury. While there is no change to his day-to-day status, Karlsson will accompany the team on their upcoming four-game road trip. Through 44 games this season, he has three goals and 30 assists and is averaging a little under 24 minutes of playing time.
Penguins Place Erik Karlsson On IR, Recall Ryan Graves
Jan. 14th: Broz’s recall will end without playing a game for Pittsburgh. The Penguins announced this morning that they’ve reassigned Broz back to AHL Wilkes-Barre/Scranton.
Jan. 13th: The Pittsburgh Penguins made a series of roster moves this morning. Most notably, defenseman Erik Karlsson has landed on injured reserve due to an undisclosed injury. He will miss at least two weeks of action per Seth Rorabaugh of Tribune-Review Sports. The Penguins have recalled defenseman Ryan Graves in place of Karlsson. Pittsburgh has also recalled winger Tristan Broz and reassigned Rafael Harvey-Pinard.
This will be Karlsson’s first time missing games for the Penguins. He is riding a team-best 208-game ironman streak that dates back to Pittsburgh’s trade for the former Norris Trophy winner all the way back in 2023. Karlsson has filled a major role on the Penguins’ blue-line since joining the team but his importance has seemed to only rise this season. He leads Pittsburgh’s defense – and ranks third on the team – with 33 points in 44 games this season. He also leads the blue-line in shots on goal (94), takeaways (21), and power-play ice time (135 minutes).
That level of offense from the blue-line will be impossible for Pittsburgh to replace. Kris Letang is the blue-line’s second-highest scorer with 22 points in 44 games. He has matched a 0.5 point-per-game pace for much of the season and will certainly take on top offensive-defenseman duties in Karlsson’s absence. But who steps up for Letang is less clear. Ryan Shea has 16 points and 37 shots on goal this season, while Parker Wotherspoon has 15 points and 43 shots on goal.
Neither are known for their offense but may be called upon to fill heavy minutes with Karlsson on the shelf. Some focus will also land on Graves, who has an impressive nine points in 13 AHL games this season. That scoring hasn’t risen to the NHL level just yet – Graves has five points in his last 78 NHL games dating back to last season – but an open opportunity could be what changes that. Pittsburgh could also turn towards AHL prospect Owen Pickering, who leads the Wilkes-Barre/Scranton Penguins’ defense with 15 points in 33 games. He has only appeared in four NHL games this season – setting no scoring and a minus-three. He did manage three points and a minus-five in 25 NHL games last season.
The Penguins will also swap out depth forwards on the roster. Broz leads Wilkes-Barre/Scranton in scoring with 11 goals and 24 points in 33 games. He is the only member of the team with double-digit goals this season. He made his NHL debut earlier in the year and recorded no scoring and a minus-one. Back on the NHL roster, Broz will offer a nice bit of skill and scoring upside while Pittsburgh faces injuries to Bryan Rust and Rutger McGroarty. Broz would likely step into the lineup over high-speed bruiser Connor Dewar, in a bottom-six role. Meanwhile, Harvey-Pinard will return to the minors where he has already posted 13 points in 32 games.
Pittsburgh will be without Karlsson for at least seven games. That’s a big window to try and keep their ship sailing straight, after curbing an eight-game losing streak in early December with a 7-3-0 record since December 21st. The Penguins have averaged 3.7 goals-per-game on that recent win-streak, a number that could quickly dwindle with a future Hall-of-Fame, offensive-defenseman on the sidelines.
Ottawa’s Contention Window Could Be Short
The Senators have struggled to start the year, despite high hopes and promises that this would be the year they finally made some noise. However, some three months into the season, the only noise out of Ottawa is the collective sighs as the team’s inconsistency drives its most loyal supporters up the wall.
The Sens have a relatively young team, and with youth comes growing pains. But this group has been together for quite a while now, and it’s fair to wonder if this is who they are: a talented group of individual players who, together, form a flawed team with a window to win that grows smaller by the day.
When the Senators began tearing apart their core in 2018, it was clear that dark days lay ahead, but in the background, there was always hope for a brighter future, and for good reason. Many of the teams that tore down their roster to the studs rebuilt their systems and competed for Stanley Cups.
Whenever fans discussed the bottom-out rebuild, they would bring up the Penguins, Blackhawks, Kings and Lightning, and the collective 10 Stanley Cups those four teams won over 12 years. However, tearing down the roster was never a guarantee of success.
For every Chicago or Pittsburgh, you had a Buffalo or Edmonton. Teams that had bottomed out, but never built anything worth talking about. And now, with the Senators nearing the halfway point of the season at the bottom of the Eastern Conference standings, it’s fair to start asking whether they are more Buffalo than Chicago.
Ottawa is still framed as a team on the rise. They are young, talented, and one would think poised to break through once the pieces fall into place.
But aren’t the pieces already in place? You would think so, given the players they’ve brought in over the past five years, such as Jakob Chychrun and Alex DeBrincat, two men who were brought in for a season or two and shuffled out quickly. Ottawa likely pounced too early when they brought in those players, sensing they were closer to winning than they actually were, and exposing some of the problematic elements of a rebuild that are often forgotten.
The Senators have a ton of talent in their core. There is no doubting that.
Just because a core is talented doesn’t mean there is synchronicity. Ottawa has some pieces nearing their prime, while others have long passed it, and some are just learning what it takes to be a full-time NHLer and are being asked to do too much. Talent isn’t really the issue in Ottawa; timing is.
In fairness to the Senators, they did most of what a rebuilding team is supposed to do. They hit on their top picks (Brady Tkachuk, Tim Stützle), had some big trade wins by shipping out veterans (Erik Karlsson), and signed their top stars to very reasonable contracts (Jake Sanderson, Stützle, Tkachuk). But once those players are signed, it becomes much more challenging to layer the roster with inexpensive depth, and that is generally done through drafting, which the Senators have struggled with outside the first round. This has begun to rear its head.
There has long been a mentality among Senators fans that the team would figure out who to surround their stars with later on, but the time to figure it out is now, and they don’t look like they have the solutions. The trouble with a competitive window in the case of the Senators is that when you make big bets and lose, the window to win doesn’t get delayed or kicked down the road; it shrinks. The Senators could be in the midst of finding that out.
The Senators’ stars have been out of the development stage for a few years now, and one has to wonder how long their star players will remain patient. They were supposed to be past the learning years and into the progression years, and while last year felt like a step in the right direction, this year feels like two steps back, with little help on the way in the form of prospects or significant additions.
Ottawa’s farm system ranks bottom-10 in the league (23rd on Elite Prospects, 25th on Daily Faceoff), and they are without a first-round pick this year. They have a healthy stash of draft picks outside of that, but don’t have a ton of cap room to make major splashes.
Speaking of the salary cap, Ottawa has $23MM available next summer with eight players to sign (per PuckPedia). Assuming defensive prospect Carter Yakemchuk makes the jump to the NHL, that leaves Ottawa with around $22MM and seven players to sign to NHL deals.
That’s not a bad number by any stretch, but realistically, they will be looking to sign a top-four right-handed defenseman, a top-six winger, a backup goaltender, and a few bottom-six forwards. It’s not a daunting task, but it doesn’t leave much wiggle room, and you have to wonder whether their roster will be much better next year.
And make no mistake, the years are about to matter a whole lot more to the players on the roster and the team. Drake Batherson has one year remaining on his deal after this one, as does defenseman Artem Zub, while the likes of Tkachuk and defenseman Thomas Chabot have two.
Batherson has been a massive bargain on his current deal, carrying a cap hit of just $4.975MM on a six-year deal and delivering 60-plus points per season. Batherson is also consistently in the lineup, having dressed for 82 games in each of the previous three seasons. His defensive play, on the other hand, is not something to write home about, but that can be said for many goal-scoring wingers in the NHL.
Batherson has given Ottawa a ton of value over the life of his current contract, and like it or not, he’s going to want to claw a lot of that back on his next deal, which figures to be a seven-year deal and will probably top teammate Shane Pinto’s $7.5MM deal. Does Ottawa want to pay Batherson $8MM or more annually? Hard to say, but they can’t get that deal wrong, and what kind of message would it send to trade him right before the Tkachuk negotiations start?
Speaking of Tkachuk, he is the heart of the team and one heck of a competitor. You have to believe that if Ottawa can’t show forward progress in the next 18 months, he won’t be in a hurry to sign a long-term deal with the Senators when he is eligible to do so in July 2027.
Tkachuk negotiated in a very tactical and aggressive way during the last round of contract talks, and you have to believe he won’t be an easy player to lock up long-term if real results aren’t shown. Tkachuk is being paid handsomely at the moment, carrying an AAV north of $8.2MM. Steve Warne of The Hockey News has reported previously that his father, Keith Tkachuk, doesn’t believe he will leave Ottawa, but losing does a lot, as does winning, and Ottawa’s results will have a lot of say in what Tkachuk does.
The Senators have no choice but to win often and soon. They can ill afford to let the years go by without success. Windows to win don’t usually slam shut; they close quietly when contracts age poorly, teams fail to develop players, and depth erodes. It happened to those aforementioned Stanley Cup champions, in Chicago’s case, much earlier than expected and in Pittsburgh’s case, much later. It will happen to Ottawa at some point, and the question is whether they will win before it does. Much of that will be determined over the next 18 months.
Photo by Eric Bolte-USA TODAY Sports
Erik Karlsson Is Playing His Best Hockey In Years
When the Penguins acquired defenseman Erik Karlsson from the Sharks in August 2023, they envisioned him giving their big three (Sidney Crosby, Evgeni Malkin, and Kris Letang) one last push for a playoff run. Two and a third years into the experiment, the results haven’t been promising, as Pittsburgh missed the playoffs in back-to-back seasons and has entered into a rebuild — or at least, that’s what they believed.
However, Karlsson and the big three have the Penguins in contention for a playoff spot some 26 games into the season, in a year when they expected to be one of the worst teams in the league. Karlsson is nowhere near the offensive producer he was during the 2022-23 season when he won the Norris Trophy and registered 101 points, but he has been in good form this year and has provided Pittsburgh with more of a two-way presence on their back end.
When Pittsburgh started the season, the left side of their defense looked like a black hole because they had very little depth at that position, and it was expected to be the team’s Achilles’ heel. Fortunately for Pittsburgh, recent signee free agent Parker Wotherspoon stepped up and claimed one of the spots in the top six.
Not long after, Wotherspoon was paired with Karlsson, and together they have become Pittsburgh’s top defensive pairing. There were no expectations for Karlsson or Wotherspoon this season. Still, under the guidance of first-year head coach Dan Muse, Karlsson appears to be a completely different player, and Wotherspoon has become a meaningful NHL defenseman for the first time in his short professional career.
Using the eye test, Karlsson looks like a different player compared to the past two seasons. He is playing a more focused defensive game and has shown more defensive awareness than he has in a long time. His skating in the defensive zone has been effective in recovering to get back into position, closing gaps, and, along with his instincts, breaking up plays.
On the offensive side, Karlsson remains a fantastic playmaker, still demonstrating the elite vision that has helped him win three Norris Trophies. Even if his goal-scoring isn’t what it once was, he is still an elite offensive player who could be ready to break out.
Even if his offensive stats hover around 55 to 60 points, which is about where they are this season (one goal and 17 assists in 26 games), Karlsson’s play away from the puck makes his lower offensive totals easier to accept. In fact, Karlsson and Wotherspoon have not only formed a solid defensive pairing, but they have also been highly effective at killing penalties and are Pittsburgh’s most-used defensive duo when shorthanded. Their even-strength play has been strong as well, with Karlsson and Wotherspoon limiting high-danger scoring chances, demonstrating a defensive awareness rarely seen in Karlsson’s game.
Karlsson appears more comfortable on the ice, playing loose and fast, a stark contrast to the last few years, when the 35-year-old seemed as though Father Time had caught up with him. A perfect example is this past Monday in a game against the Flyers.
With the game tied 1-1, Karlsson collects the puck, bursts out from behind his own net, skates straight to the middle of the ice in the offensive zone and drives right at the two Flyers defenders. He then cuts to the right and makes a tape-to-tape cross-ice pass to Bryan Rust, who spots the trailer (Crosby) for a one-timer that ends up in the back of Philadelphia’s net. It’s a goal that Karlsson didn’t start a year or two ago, and it highlights the change in his work rate.
It also makes one wonder where Karlsson and the Penguins will finish this season. It might even be better if not for a significant injury bug that swept through the room at the start of November, bringing down Noel Acciari, Rickard Rakell, and Justin Brazeau, among others. The injuries effectively removed one forward from each line and put the Penguins in a position where their depth was tested in November, and quite frankly, they don’t have much depth.
You could argue that Karlsson has been lucky, and that some of his mistakes are being offset by Wotherspoon’s consistent performance and the efforts of his goalies. This idea is valid, as Karlsson and Wotherspoon have been on the ice together for 14 goals for and 10 goals against (a 58.3% goals share) while their expected goals share is just 47.3%, with projections of 15.1 goals scored and 16.8 goals conceded (all numbers via MoneyPuck). These data points do tell a story, and there might be some truth to Karlsson being fortunate, but they don’t reflect Karlsson’s own defensive contributions, which have been excellent this year compared to previous seasons.
Speaking of the Penguins’ goaltending, there is a case to be made that many of the Penguins’ shortcomings as a team have been masked by the exceptional goaltending they’ve received so far. Tristan Jarry has been excellent to start the year, with a goals saved above expected of 8.2, and Arturs Silovs has also been good with a 2.5 goals saved above expected (all numbers courtesy of MoneyPuck). That kind of goaltending can’t be expected to continue for the rest of the year, especially in Jarry’s case, who has a history of struggling in the second half of the season. But, for now, it’s a significant reason that Pittsburgh is in contention for the postseason, along with the play of Karlsson and other veterans.
A consistent feature of Pittsburgh this year has been its veteran stars, including Karlsson. He’s remained a dependable presence for the team and could step up further as the season approaches the Olympics. Karlsson is clearly driven by something, and the Olympics are as good an assumption as any.
There is also the possibility that Karlsson understands the situation he’s in. Karlsson was expected to be traded in the summer, but that never happened, which means he might be stuck in Pittsburgh until next year or until his contract expires at the end of the 2027 season. The Penguins will likely make moves next summer to speed up their rebuild—Josh Yohe of The Athletic has repeatedly expressed this belief. Looking at the mix of young prospects and veterans still playing at a high level, it all makes sense. Pittsburgh isn’t a Stanley Cup contender right now and probably won’t be for a few more years. However, with the 2025 draft selections that they made and a potential superstar goalie in Sergey Murashov, that timeline could shift very soon.
If Karlsson stays with the team next season, it could be his best opportunity to chase a Stanley Cup. Even if he doesn’t, there will be motivation to extend his career beyond the 2026-27 season, and factors like money and his choice of destination will also serve as strong motivators.
Photo by Charles LeClaire-Imagn Images
East Notes: Karlsson, Luukkonen, Morrow
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
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?
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:
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Metropolitan Notes: Clifton, Karlsson, Berard
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
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.