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Erik Karlsson

Erik Karlsson Open To Being Traded To A Handful Of Teams

July 11, 2025 at 7:54 pm CDT | by Brian La Rose 24 Comments

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.

Pittsburgh Penguins Erik Karlsson

24 comments

Snapshots: Karlsson, Love, Kolosov

May 27, 2025 at 7:05 pm CDT | by Brian La Rose 5 Comments

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.

KHL| Philadelphia Flyers| Pittsburgh Penguins| Seattle Kraken| Snapshots Aleksei Kolosov| Erik Karlsson| Mitch Love

5 comments

Metropolitan Notes: Karlsson, Islanders, Ashton

April 26, 2025 at 10:59 am CDT | by Brian La Rose 1 Comment

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.

Columbus Blue Jackets| New York Islanders| Pittsburgh Penguins Erik Karlsson| Kyle Palmieri| Luke Ashton| Noah Dobson

1 comment

Penguins And Predators To Face-Off In 2025 Global Series

March 18, 2025 at 6:45 pm CDT | by Paul Griser 6 Comments

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.

Nashville Predators| Pittsburgh Penguins Adam Wilsby| Andreas Englund| Erik Karlsson| Evgeni Malkin| Filip Forsberg| Kris Letang| Rickard Rakell| Sidney Crosby

6 comments

Latest On The Pittsburgh Penguins

March 10, 2025 at 10:07 am CDT | by Josh Cybulski 9 Comments

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.

Pittsburgh Penguins Bryan Rust| Erik Karlsson| Kris Letang| Rickard Rakell

9 comments

Latest On The Pittsburgh Penguins

March 3, 2025 at 8:16 pm CDT | by Josh Cybulski 8 Comments

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.

Pittsburgh Penguins Erik Karlsson| Rickard Rakell

8 comments

Penguins Shopping Erik Karlsson

February 25, 2025 at 12:40 pm CDT | by Josh Erickson 24 Comments

The Penguins have star defenseman Erik Karlsson’s name on the trade market and would move him “in a heartbeat” if the opportunity arises, sources tell Josh Yohe of The Athletic.

A move would mark the third trade of the three-time Norris Trophy winner’s career and the second within two years. Pittsburgh acquired him from the Sharks following his renaissance 2022-23 campaign when he erupted for a career-high 76 assists and 101 points on a San Jose team that won just 22 games. They paid a significant price to do so in the three-deal deal with the Canadiens, parting ways with assets like a 2024 first-round pick and serviceable backup, Casey DeSmith, but also partially shedding some dead-weight contracts like Mikael Granlund’s and Jeff Petry’s.

That return meant the Sharks aren’t retaining much salary on the high-paid, aging defenseman. His initial cap hit of $11.5MM, attached to his contract that runs through the 2026-27 season, was reduced to $10MM for Pittsburgh. As Yohe reports, the Penguins must retain additional cash to move him. For a contract with two years left on it, there’s a limit to how far they’re willing to go. They only have one salary retention slot remaining until Petry’s and Reilly Smith’s deals come off the books on July 1. If he moves before the deadline, they won’t be able to retain additional salary on potential trade chip Rickard Rakell.

Any trade talk could also be thrown out the window if Karlsson isn’t willing to waive his no-movement clause upon being asked. He initially waived it to facilitate the move to Pittsburgh, but it travels with him, retaining his power to block a move or waiver placement. While “many assume he would be willing to move on if asked,” Karlsson “seems to genuinely like playing for the Penguins,” Yohe said.

In any event, he and Rakell will remain Pittsburgh’s highest-value trade bait heading into the March 7 deadline after they shipped Marcus Pettersson and Drew O’Connor to the Canucks a few weeks ago. Any rumors regarding players like Kris Letang’s or Bryan Rust’s availability are unfounded, as Yohe adds general manager Kyle Dubas remains unwilling to ask them to waive their NMCs before the end of the season.

Individual defensive acumen has always been Karlsson’s biggest weakness, and it’s come to a head in Pittsburgh amid his age-34 season. The dynamic Swede remains a minute-muncher, averaging over 23 minutes per game for the Pens, but his overall possession numbers have continued to deteriorate. He remains an above-average player in that regard because of the sheer amount of offense he generates, though, logging a 52.4 CF% and -2.0 expected rating at even strength that still checks in above a good chunk of his Penguins teammates.

That, plus his three points in three games for Sweden at the 4 Nations Face-Off, is beginning to draw out trade interest, Yohe writes. A move remains possible ahead of the deadline but is more likely to happen this summer, a league executive told him.

Karlsson has played in all 59 games for the Pens this season and hasn’t missed a game since the 2021-22 campaign, so injury concerns won’t be much of a limiting factor. But after his explosion in San Jose, he’s averaged just 56 points per 82 games as a Penguin. He still leads Pittsburgh defenders with 6-34–40 this year, and a good portion of that has come at even strength. Whether that’s enough point production to sway teams to take a flyer on him at a cap hit that’s still likely to be in the $7MM-$8MM range with retention remains to be seen.

Image courtesy of USA Today Sports.

Newsstand| Pittsburgh Penguins Erik Karlsson

24 comments

Penguins Notes: Karlsson, Crosby, Lizotte

November 13, 2024 at 8:12 pm CDT | by Josh Cybulski 4 Comments

Former Team Sweden head coach and general manager Johan Garpenlöv had some harsh criticism for Pittsburgh Penguins defenseman Erik Karlsson and his inclusion on Sweden’s entry to the 4 Nations Face-Off (as per Frank Seravalli of Daily Faceoff). Garpenlöv said that Karlsson’s defensive issues could present a massive problem for the team in a short tournament and doesn’t believe that Karlsson should be a member of the team.

Garpenlöv’s sharp words are certainly inflammatory, and there is no doubt that Karlsson’s defense leaves a lot to be desired. Pittsburgh fans have endured the full Karlsson experience this year as the three-time Norris Trophy winner has looked disinterested and lost on many nights, however, in other games, he has managed to take over and drive the Penguins’ offense to victory.

In other Metropolitan Division notes:

  • Jesse Marshall of The Athletic wrote a very thoughtful and detailed article about the goal-scoring prowess of Penguins superstar Sidney Crosby. Marshall concedes in the article that Crosby won’t go down in history as one of the greatest goal-scorers but belongs in a category all by himself due to the creativity with which he scored most of his soon-to-be 600 career goals. Marshall highlights Crosby’s all-time great backhand shot, his ability to deflect pucks as well as his five-hole shooting, and while none of those skills are Crosby’s alone, he has put a unique twist on each of those skill sets.
  • Penguins forward Blake Lizotte left tonight’s game against the Detroit Red Wings after taking a puck to the face (Twitter link). The injury marks the second time this season that Lizotte has taken a puck to the face off the stick of a teammate as he was concussed by a Kris Letang shot during the preseason, an injury that forced him to miss the start of the regular season. Tonight’s injury came when Lizotte was hit in the face with a Drew O’Connor shot that appeared to hit the visor. Lizotte has been good for Pittsburgh this season, posting two goals in six games and putting up strong possession numbers in a bottom-six role.

4 Nations Face-Off| Pittsburgh Penguins Blake Lizotte| Erik Karlsson| Sidney Crosby

4 comments

Metro Notes: Karlsson, Flyers, Romanov

November 11, 2024 at 7:59 pm CDT | by Brennan McClain 14 Comments

In a hard-hitting piece for The Athletic, Josh Yohe highlights internal frustrations within the Pittsburgh Penguins regarding Norris Trophy-winning defenseman Erik Karlsson. Yohe unabashedly describes Karlsson’s poor defensive play, and the Swede’s public praise of his own game is drawing discontentment from the Penguins’ coaching staff.

Karlsson’s offensive play throughout his career has typically masked most of his defensive drawbacks, but they’re becoming too consistent to overcome. The three-time Norris Trophy winner normally produces a positive Expected +/-, thanks to the number of goals he creates, but this season is only one of three that has him in the red of that category.

His 87.3% on-ice save percentage at 5-on-5 is nearly two points lower than his previous career-worst suffered in back-to-back years with the Ottawa Senators and San Jose Sharks in 2017-2019. Karlsson’s defensive play at this point in the regular season has him headed toward a reality of only being trusted with powerplay minutes, which is a major disappointment for a defenseman $10MM for the next three years.

Other Metro notes:

  • There haven’t been many trade rumblings outside Rasmus Ristolainen for a 29th-ranked Philadelphia Flyers team. David Pagnotta of The Fourth Period added two more names to that list this afternoon — Scott Laughton and Nicolas Deslauriers. Both players have relatively low cap hits at $3MM and $1.75MM, respectively, but have another year on their deals after this season. Pagnotta argues that with two out of three retention slots available, the Flyers could get creative with salary retention to maximize any return offers.
  • Defenseman Alexander Romanov has missed seven of the last eight games for the New York Islanders with an upper-body injury. Ethan Sears of the New York Post reported Romanov took part in the team’s practice today albeit in a non-contact jersey. It’s an encouraging sign for Romanov who recently skated in 24 minutes of the team’s game against the Buffalo Sabres in a winning effort. It’s unclear if Romanov reaggravated his injury in that game or if simply wasn’t healthy enough to return originally.

Injury| New York Islanders| Philadelphia Flyers| Pittsburgh Penguins Alexander Romanov| Erik Karlsson| Nicolas Deslauriers| Scott Laughton

14 comments

Penguins Notes: Malkin, Karlsson, Rust

October 9, 2024 at 5:30 pm CDT | by Brennan McClain 3 Comments

There’s some reminiscing in Pittsburgh today with Sidney Crosby and Evgeni Malkin starting their 20th and 19th years with the team, respectively. In his age-38 season, Malkin has retirement on his mind but rest assured it will be on his terms.

In an article from Josh Yohe of The Athletic (Subscription Required), Malkin explained that the final two years of his four-year, $24.4MM contract may be his last in the NHL. He said, “If I’m not playing right, if I’m not real happy with how I’m playing, then yes, these probably are my last two years. But I can’t say for sure that I’ll be done in two years. If I play well this year and next year, if I’m happy with how I’m playing, then maybe I’ll play a little more after that. That would be nice“.

Despite how his body may feel, he isn’t content with where the team has finished the past two seasons. Malkin explained that he wouldn’t retire before playing in the playoffs again saying, “I love the playoffs so much and I love our fans so much. I need to feel it again. I couldn’t leave if I never play in the playoffs again. Not until then“. Given where the Pittsburgh Penguins are in their contention window — the next time they make the playoffs may be the last they see of a franchise legend.

Other Penguins notes:

  • The organization received positive news on the injury front as Seth Rorabaugh of Tribune-Review Sports reports defenseman Erik Karlsson is medically cleared to play tonight. Karlsson missed most of Pittsburgh’s preseason nursing an upper-body injury. He’s primed for a big season, particularly on the team’s powerplay, with coach David Quinn taking over the team’s tactics with a man advantage.
  • On the flip side of the ’injury coin’, the Penguins will be without forward Bryan Rust for their regular season opener (X Link). He’s been on the team’s injured reserve retroactive to September 29th and was originally designated as day-to-day. He recently skated with the team in practice in a non-contact jersey indicating his imminent return.

Injury| Pittsburgh Penguins Bryan Rust| Erik Karlsson| Evgeni Malkin

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