2026-27 Performance Bonus and 35+ Candidates
As NHL front offices gear up for free agency, managing the salary cap demands a delicate balance between risk and reward. While performance bonuses are often linked to elite rookies on entry-level contracts, the Collective Bargaining Agreement (CBA) adds two additional avenues for performance-based incentives: injury comeback deals and contracts for 35-year-old or older veterans. These mechanisms enable teams to secure impactful players with low base salary cap hits, effectively deferring financial obligations until later.
If a team ends the fiscal year with earned bonuses exceeding their remaining cap space, the excess funds are carried over into the next league year as a direct salary cap penalty. This can significantly impact teams near the cap limit or heavily relying on LTIR. PuckPedia has detailed the upcoming free agents who qualify for these specialized incentive structures for the 2026-27 season.
To qualify for a performance-bonus-eligible contract via the injury route, a player must have 400 or more career games and have spent 100 or more days on Injured Reserve during the previous season. This structure allows franchises to take low-risk gambles on proven assets, while the financial incentives toward active roster availability and durability rather than pure scoring production.
Six players fit this criteria heading into free agency, including Derek Forbort (VAN), Alexander Kerfoot (UTA) Patrik Laine (MON), Petr Mrazek (ANA), Matt Murray (SEA), and Tomas Nosek (FLA).
For a team looking for top-six offensive upside, a player like Laine could be highly coveted on a bonus-laden deal, while teams seeking goaltending depth or penalty-killing options could turn to turn to Mrazek, Forbort, or Nosek under this low-risk umbrella.
Contracts signed by players who will be 35 or older by July 1 of the contract year are also eligible for performance bonuses on one-year deals. Front offices frequently use these to protect against sudden age-related decline, tying mid-six-figure bonuses to basic longevity milestones—such as reaching 10, 40, or 60 games played—or team-oriented postseason success.
The upcoming free agent class has an extensive group of veteran forwards eligible for this structure, including Jamie Benn (DAL), Evgenii Dadonov (NJD), Nicolas Deslauriers (CAR), Lars Eller (OTT), Nick Foligno (MIN), Claude Giroux (OTT), Luke Glendening (PHI), Erik Haula (NSH), Adam Henrique (EDM), Marcus Johansson (MIN), Patrick Kane (DET), Anders Lee (NYI), Gustav Nyquist (WPG), Alex Ovechkin (WSH), David Perron (OTT), Corey Perry (TBL), Ryan Reaves (SJ), Reilly Smith (VGS), Jonathan Toews (WPG), Garrett Wilson (PHI), James van Riemsdyk (DET), and Mats Zuccarello (MIN).
The blue line also features a robust market of eligible 35+ defensemen who can weaponize these flexible agreements. This group includes Zach Bogosian (MIN), Brent Burns (COL), John Carlson (ANA), Ian Cole (UTA), Radko Gudas (ANA), Travis Hamonic (DET), Nick Jensen (OTT), Nick Leddy (SJ), Jeff Petry (MIN), Luke Schenn (BUF), and Brendan Smith (CBJ).
Contending teams could use performance bonuses to maximize rosters with high-profile franchise icons like Ovechkin, Benn, Giroux, and Kane eligible for a flexible, low-base-salary structure. However, general managers must be cautious. A player hitting a games-played milestone in late March could trigger a cap overage, restricting cap space at the trade deadline or forcing a painful penalty on the 2027-28 books.
Evening Notes: Kraken, Manson, Sabres
The Seattle Kraken have partnered with sports advisory firm Sportsology to perform an assessment of their hockey operations department after parting ways with general manager Ron Francis, per Fox 13 Seattle. The firm will review the team’s organizational structure, communication and decision-making processes, player development, scouting, analytics, and more.
Sportsology has previously worked with the NFL’s Los Angeles Rams, San Francisco 49ers, and Philadelphia Eagles. They also worked with the NBA’s Dallas Mavericks and Washington Wizards. The Rams, Eagles, and Mavericks have each won championships in the last four years.
Seattle has had a, frankly, slow start to their franchise history. They have made one of a possible four postseasons and are already on their third head coach. More than that, Seattle has failed to lead top prospects Matty Beniers, Shane Wright, or Berkly Catton to their potential early in their careers. It is the perfect time to look for a spark, especially as Seattle sits tied up in a veteran-heavy roster.
Other notes from around the league:
- Colorado Avalanche defenseman Josh Manson was fined $5K by the NHL Department of Player Safety for butt-ending Minnesota Wild forward Michael McCarron in Game 4. Manson has missed the last four games with injury. He fills an important lineup role and will dodge any further absences with a fine, rather than a suspension. Manson recorded 31 points, 91 penalty minutes, and 174 shot blocks in 79 games during the regular season. He has added two points in four postseason games.
- The Buffalo Sabres are making some lineup changes after losing Game 3 against the Montreal Canadiens by a score of 2-6. Rookie center Konsta Helenius, defenseman Luke Schenn, and goaltender Ukko-Pekka Luukkonen are in the lineup per Matthew Fairburn of The Athletic. Helenius could be a scoring spark vacated when Noah Ostlund sustained an injury. The 20-year-old Finn scored four points in the first nine games of his NHL career, and 62 points in 62 AHL games, this season. Luukkonen recorded 22 wins and a .910 save percentage in 35 games this season. Injuries held him back from the starting role, opening the door for a split with Alex Lyon who has started every game of the postseason so far. Their swaps could be difference-makers for the Sabres, while Schenn will look to bring another physical presence to the lineup.
Sabres Acquire Luke Schenn, Logan Stanley
The Sabres are working on a trade to acquire defensemen Luke Schenn and Logan Stanley from the Jets, sources tell David Pagnotta of The Fourth Period. Chad DeDominicis of Expected Buffalo was first to report that the deal was in process. In return, Winnipeg will receive Buffalo’s 2027 second-round pick, forward prospect Isak Rosen, and left-defender Jacob Bryson per Frank Seravalli of Victory+.
Both the Sabres and Jets have confirmed the deal.
It appears Schenn, 36, will be heading to the 10th team of his 18-year career. It’ll also be his second straight year being moved at the deadline. He arrived in Winnipeg this time last season via the Penguins, who he never actually played for after being acquired from the Predators two days prior. He’s now in the final season of the three-year, $8.25MM pact he signed with Nashville as a free agent in 2023.
Few Jets skaters have lived up to expectations this season. Schenn is no exception. Even in a bottom-pairing role, he’s looked overmatched, posting seven points and a -11 rating in 46 outings. He’s been in the press box for stretches, has only averaged 13:44 of ice time per game when dressed, and Winnipeg has been outscored 29-16 with him on the ice at 5-on-5 while controlling only 43.4% of shot attempts.
The 2008 fifth overall pick has been a third-pairing piece for most of his NHL career, but he’s now operating as more of a #7/#8 piece – even on a team outside of the playoff picture like Winnipeg. He does still provide physical value – he leads the Jets with 139 hits, a figure that now ranks third on Buffalo behind Beck Malenstyn and Peyton Krebs.
Outside of that, he’ll provide the Sabres with experienced and much-needed right-shot depth, but whether he factors into their lineup on a regular basis remains to be seen. While Michael Kesselring has been hampered by injuries and has only managed one assist and a -4 rating in 28 outings over his first year in Buffalo, his under-the-hood numbers still paint him as a preferable third-pairing option to Schenn on the right side. He’s averaging comparable ice time at 13:45 per game and has controlled 48.8% of shot attempts at even strength.
Stanley, though, should be a regular piece. Finding stability on the third pairing has been one of the few hiccups this season in Buffalo, whose top four of Rasmus Dahlin, Mattias Samuelsson, Owen Power, and Bowen Byram is comprised entirely of lefties. They’ve been unsuccessful in their pursuit of an impact piece, nearly striking a deal for Blues star righty Colton Parayko, which fell apart when he invoked his no-trade clause.
Drafted 18th overall in 2016, the 27-year-old Stanley isn’t a right-shot option like they wanted, but should easily usurp Jacob Bryson as the de facto third-pairing lefty. His 6’7″, 231-lb frame has sometimes made him a frustrating defender to watch – with so much potential there, he’s only hit 100 hits once in his career, and has consistently been underwater on the possession front due to his subpar skating mechanics.
This season, though, the pending UFA has found a new gear. His nine goals in 59 games are nearly twice what he had in five previous NHL seasons to date, and he’s added 12 assists for 21 points. That’s a career high by a wide margin and has him seventh on the Jets in scoring, only trailing Josh Morrissey among defenders. An unsustainable 12.2% shooting rate is fueling it, but it’s worth noting that only one of those points, an assist, has come on the power play. All of that production is coming at even strength, where he’s seen his minutes boosted and is now averaging a career-high 17:12 per game.
Assuming a regular group of Dahlin, Byram, Samuelsson, Power, Stanley, and Kesselring, Buffalo will enter its first postseason appearance in 15 years with a ridiculously imposing defense core averaging 6’4″ and 218 lbs.
Image courtesy of Terrence Lee-Imagn Images.
More to come…
Latest On Maple Leafs’ Defense
In last night’s loss to the Detroit Red Wings, the Toronto Maple Leafs suffered another serious blow on defense, losing Oliver Ekman-Larsson partway through the game to a lower-body injury. Earlier today, on TSN’s Insider Trading, Pierre LeBrun posited that Ekman-Larsson is expected to miss some time. Still, there’s no concern about his availability for Team Sweden at the Olympics.
As bad as it is to lose your highest-scoring defenseman, that’s not the only injury Toronto’s defensive core suffered last night. According to TSN’s Chris Johnston, there is concern from the Maple Leafs that Brandon Carlo is also suffering from an ailment. Carlo only recently returned from a foot injury that cost him two months of the 2025-26 campaign.
Factoring in the long-term groin injury to Chris Tanev, Toronto may be without 75% of the top-four of their defensive core for the foreseeable future. Few teams would be able to absorb that many losses, and it couldn’t come at a worse time for the Maple Leafs, who currently sit one point back of the final wild-card spot in the Eastern Conference.
Still, although the team has yet to provide an update on the status of Ekman-Larsson or Carlo, LeBrun indicated on Insider Trading that the new injuries have motivated the Maple Leafs to increase their efforts to acquire a defenseman.
LeBrun specifically mentioned Dougie Hamilton of the New Jersey Devils and Luke Schenn of the Winnipeg Jets as likely options. Each defenseman has been linked to the Maple Leafs rather significantly over the last few weeks.
Still, there are a few reasons for pause. It’s not to suggest that Toronto couldn’t use an outside acquisition to bolster its defensive core, but desperation typically leads to overpayment. That’s not something the Maple Leafs can afford to do with so little prospect and draft capital.
Furthermore, the possibility of a Hamilton trade in the near future has taken a steep decline over the last few days. New Jersey recently lost defenseman Luke Hughes for the next month or more with a shoulder separation, opening a spot in the top four for Hamilton. As long as Hughes remains out, the Devils will be less inclined to move Hamilton despite the perceived benefits of doing so.
Meanwhile, it’s not obvious that Schenn would be a significant upgrade over Toronto’s other options. He’s had a disappointing year with the Jets, scoring one goal and six points in 35 games, averaging 13:51 of ice time per game. Furthermore, his defensive metrics have declined, showing a CorsiFor% of 45.2% and an on-ice SV% of 89.2% at even strength.
It’s clear that the Maple Leafs will need to bring in some help at any rate. Toronto has seven more games until the upcoming Olympic break, and their record over that stretch could have significant ramifications for the rest of the season.
Atlantic Notes: Schenn, Senators, Roest
In last week’s rendition of 32 Thoughts, Sportsnet’s Elliotte Friedman alluded to the idea that St. Louis Blues captain Brayden Schenn was willing to waive his no-trade clause to join the Toronto Maple Leafs under one condition: that the team also acquire his brother, Luke Schenn.
Specifically, Friedman said, “I heard…Brayden Schenn wasn’t going to waive to Toronto unless the Leafs also got Luke; when all that was going on about teams uniting the Schenn brothers, that’s what I think Toronto was trying to do.” Since he used the past tense and suggested that the team was trying to unite the brothers, it seems likely that this was something the Maple Leafs attempted last year rather than at the present moment.
However, it’s certainly something Toronto could revisit this season. Brayden has less trade protection than he did last year, seeing his full no-trade clause drop to a 15-team no-trade list this season, while Luke is a pending unrestricted free agent playing on a disappointing Winnipeg Jets team. The Maple Leafs have decent depth on the right side of their defensive core, but could use additional insurance should Brandon Carlo go down with injury again.
Additional notes from the Atlantic Division:
- Recently, there has been significant discussion surrounding the Ottawa Senators, particularly regarding the team’s strong statement refuting rumors that circulated online about goaltender Linus Ullmark and the reasons for his personal leave. In a recent interview with Pierre LeBrun of The Athletic, General Manager Steve Staios said he wouldn’t change his timing, saying, “So I felt strongly that we had to be there for him, (that) I had to make a statement. And whatever comes with that, I can live with. I’m not going to apologize for standing up for my players when they need it.”
- Jarmo Kekäläinen has made another significant addition to the Buffalo Sabres front office. Earlier today, the Sabres announced that they’ve hired Stacy Roest as a professional scout. It’s technically a step backward for Roest in his professional career, as he was the longtime Director of Player Development and Assistant General Manager for the Tampa Bay Lightning from 2013-14 to 2024-25.
Luke Schenn Reportedly Open To Trade
The Winnipeg Jets have been arguably the NHL’s most disappointing team this season, as last year’s Presidents’ Trophy winners have fallen to last place in the league standings.
Owners of a 10-game losing streak, the Jets look increasingly unlikely to return to the postseason this Spring, and as a result, increased focus is being paid to whether or not the Jets might look to trade away some veteran assets to help re-tool their roster.
While it appears highly unlikely that Winnipeg would pursue major roster surgery — much of the lineup that got 56 wins and 116 points last season remains intact — it could be that the club looks to replenish some of its lineup by trading away a few pending free agents that it may not have interest in re-signing. One name that looks poised to be a trade candidate is that of 1,100 game veteran Luke Schenn.
Schenn, 36, is playing out the final year of the $2.75MM AAV free agent contract he signed in 2023 with the Nashville Predators. David Pagnotta of The Fourth Period reported that while Schenn hasn’t requested a trade, “there is some word” that he “wouldn’t mind a change of scenery.”
Schenn is Winnipeg’s most sparingly-used defenseman, averaging just 13:32 time on ice per game. While he’s still playing a role on the penalty kill (1:44 per game) his usage is well below where it was in Winnipeg (17:28 per game) last season. Schenn has also been a healthy scratch at times this season, including four times in the team’s last eight games.
The Athletic’s Chris Johnston listed Schenn No. 8 on his third trade board of the season today, writing that the veteran will “carry value as a right-shot defenseman ideally suited for third-pairing duty.”
The Jets surrendered two draft picks (second and fourth-round choices) to acquire Schenn, and it’s unlikely, as Johnston noted that they’d be able to get that kind of value back in any Schenn deal.
But even if they won’t end up getting a huge amount back in a trade, a Schenn deal could accomplish two key, useful objectives for the club.
Firstly, if Schenn indeed would prefer a deal away from Winnipeg, trading him would be doing right by a well-respected veteran player. Clubs are always striving to build a reputation as a place that treats its players well, and the Jets would be able to enhance their reputation in that area by giving Schenn the chance to compete for another Stanley Cup ring elsewhere.
Secondly, trading Schenn would not only clear the pro-rated portion of his $2.75MM cap hit off their books, it would also open up a roster spot, and some ice time, for some of the other Jets blueliners. 21-year-old Elias Salmonsson, for example, could benefit from the additional ice time.
In addition, the Jets have a few other defensemen playing at the AHL level that could stand an increased chance at getting an NHL look if Schenn is traded. 6’4″ right-shot blueliner Tyrel Bauer, for example, plays a similar style to Schenn on the Moose and plays a regular role on their penalty kill. The Jets have yet to test him at the NHL level, though he has nearly 200 games on record for the Moose.
He’s a pending restricted free agent, and trading Schenn could allow the Jets to give Bauer a look at the NHL level, which could go a long way in informing what kind of deal they’re prepared to offer him in his upcoming restricted free agency.
Ultimately, while the Jets certainly aren’t in the on-ice position they hoped, or expected, to be in 2025-26, there are still steps they can take to make the most of what has thus far been a miserable NHL season. Trading Schenn, who would be open to a deal per Pagnotta, could be the start of a set of moves in Winnipeg designed to reboot the roster.
Photos courtesy of James Carey Lauder-Imagn Images
Winnipeg Jets Notes: Connor, Morrissey, Schenn, Fleury
Although the Winnipeg Jets extended a few of their pending unrestricted free agents shortly before the end of the regular season, they still have a few to iron out. One of which is winger Kyle Connor, who’s eligible for an extension on July 1st.
According to Murat Ates of The Athletic, he’s fully expecting the Jets to make Connor’s extension a priority this summer. It would be the second contract extension that the University of Michigan alum has signed in Winnipeg, following the seven-year, $50 million deal that was signed in 2019.
Connor’s next deal is sure to include a substantial raise, considering his impressive average of over a point per game for the last seven years, along with multiple 30- and 40-goal seasons, and two campaigns with over 90 points. With the salary cap continually increasing, the Jets should face no financial issues. The only hiccup could be Connor’s desire to stay in Manitoba.
Other Jets notes:
- In a report from TSN’s John Lu, defenseman Josh Morrissey won’t require surgery on his injured knee from Game 6 of Winnipeg’s Round Two series against the Dallas Stars. Still, it wouldn’t have mattered to the Jets’ Stanley Cup aspirations, as Morrissey shared he would have been done for the postseason regardless. He’ll be ready in time for training camp in September, at any rate.
- Morrissey wasn’t the only injured player on Winnipeg’s blue line. According to Ken Wiebe of the Winnipeg Free Press, trade deadline acquisition Luke Schenn had been playing through the playoffs with a fractured rib. Schenn didn’t let the injury affect his physicality, as the veteran blue liner collected 47 hits in nine games after purportedly suffering the fracture.
- Staying on the Jets’ blue line, team color analyst Mitchell Clinton shared that depth defender Haydn Fleury would love to stay in Winnipeg for the foreseeable future. Fleury, the pending unrestricted free agent, appeared in 37 games for Winnipeg this year, tallying seven assists while averaging 15:56 of ice time per game.
Central Notes: Manson, Kiviranta, Sissons, Schenn, Määttä
The Colorado Avalanche will have one injured member back for their road trip through the Midwest, but no more. Forward Joel Kiviranta has fully recovered from his lower-body injury and will return for the road trip, but defenseman Josh Manson will stay in Denver due to an upper-body injury, according to Evan Rawal of The Denver Gazette.
Kiviranta has missed Colorado’s last three games, with the team managing a 1-1-1 record in his absence. Despite being in his second year with the organization, he’s offered extraordinary flexibility to the Avalanche’s forward core this season. Kiviranta has demonstrated the ability to play up and down the lineup, putting up a career-high 16 goals in 72 games this season while averaging 12:30 of ice time per game.
Meanwhile, Manson has been continuously plagued by a lower-body injury for much of the 2024-25 campaign. Given that Colorado only has seven games remaining on their schedule, there’s a decent chance Manson may not play another regular season contest for them this season. If that’s the case, he’ll finish the year with one goal and 15 points in 48 games, averaging 18:02 of ice time per game.
Other notes from the Central Division:
- After sustaining a leg injury a few days ago against the Vegas Golden Knights, Nashville Predators’ forward Colton Sissons‘ season may have already ended. According to general manager Barry Trotz (and publicized by Nick Kieser of 102.5 The Game), the second-year front office leader said a decision regarding Sissons’ status is coming relatively soon. Kieser quoted Trotz saying, “I would probably say he’s close to not being back for the rest of the season.“
- Winnipeg Jets’ analyst Mitchell Clinton reported earlier that defenseman Luke Schenn is a game-time decision against the Los Angeles Kings. Clinton didn’t allude to the specifics regarding Schenn, but he did mention that Schenn left early from the team’s morning skate. Should he miss tonight’s contest, the Jets will likely contextualize Schenn’s absence after the game.
- Joining Schenn as a game-time decision will be Utah Hockey Club’s Olli Määttä (Tweet Link). Määttä had been dealing with a lower-body injury, which kept him out of the team’s recent matchup against the Chicago Blackhawks on Sunday. However, even if he doesn’t feature in tonight’s game, it shouldn’t keep him out of the lineup much longer. The Finnish blueliner has scored two goals and 15 points in 63 games for Utah since being acquired from the Detroit Red Wings in late October.
Predators Activate Michael Bunting From IR
The Predators are slated to get one of their top returns from the trade deadline in the lineup, as winger Michael Bunting has been removed from IR and is a game-time decision for tonight’s game in Anaheim, according to reporter Nick Kieser of 102.5 The Game.
The Preds acquired Bunting and a fourth-round pick from the Penguins in exchange for forward Tommy Novak and defenseman Luke Schenn. After the deal, Nashville GM Barry Trotz stated Bunting was an “impact player” the Preds were interested in acquiring, and noted the team’s desire to keep the 29-year-old Bunting in the fold moving forward.
Bunting has fought through injuries this season – as well as a short stint as a healthy scratch – in Pittsburgh prior to the trade. However, after a slow start, he started to turn things around to the tune of 14 goals and 29 points through 58 games. He also led the Penguins in power play goals (9) at the time of the trade. Through 326 career games, Bunting has scored 90 times, including two 20-plus goal seasons under his belt.
Although he’s only in his ninth NHL season, the Predators will mark the fifth NHL team Bunting will suit up for after stints with Arizona, Toronto, Carolina, and Pittsburgh. But Bunting should provide a veteran presence, solid top nine play, and power play production to the rebuilding Preds.
Bunting has one year remaining on his current contract with a 2025-26 cap hit of $4.5MM.
Winnipeg Jets Acquire Luke Schenn
12:02 p.m.: Both teams have confirmed the trade.
11:40 a.m.: TSN’s Darren Dreger reports that the Winnipeg Jets are acquiring defenseman Luke Schenn from the Pittsburgh Penguins. The Penguins recently acquired Schenn in a trade with the Nashville Predators.
Dreger quickly followed up, reporting that Pittsburgh is receiving a second- and fourth-round pick in return. Frank Seravalli of Daily Faceoff added that the second-round pick will be in 2026 and the fourth-round pick in 2027.
Now that Schenn has been moved to Winnipeg, the Penguins have essentially acquired Thomas Novak, a 2026 second-round pick, and a one-year punt on a fourth-round pick for Michael Bunting. The added draft capital gives Pittsburgh 30 total picks in the next three drafts.
The 17-year defenseman complements the already solid Jets’ defensive core. Schenn is far removed from scoring 20+ points a year as he did in 2022-23, but he’s zeroing in on totaling more than 250 hits for the seventh time of his career.
He’s a quality shutdown option Winnipeg can safely play in their bottom pairing. He’s averaged a 91.5% on-ice save percentage throughout his career, and that number should continue to grow in front of the league’s top netminder.
Thanks to Connor Hellebuyck’s stellar play, the Jets are already at the top of the league for GA/G. However, Winnipeg could use some help on the penalty kill. They rank 15th in the category with a 79.25% kill rate, ranking below their Central Division peers such as the Dallas Stars and Colorado Avalanche. Schenn should help improve this area of Winnipeg’s game and make them more difficult to play against in the Stanley Cup playoffs.