Jan. 30: Saad is on unconditional waivers today and will have his contract terminated assuming he clears Friday, Friedman confirms.
Jan. 29, 1:56 p.m.: The Blues and Saad are now heading toward a mutual contract termination, Friedman adds. The move will make him an unrestricted free agent, so he’ll be able to sign with any team down the stretch with new contract terms. However, he’ll be walking away from north of $5MM of cash he was still owed on his deal with St. Louis.
Jan. 29, 1:05 p.m.: Saad and Sylvegård cleared waivers Wednesday, Elliotte Friedman of Sportsnet reports. Saad heads to the AHL for the first time in over a decade, while Sylvegård has had his contract terminated and is free to return to Europe.
Jan. 28: Blues general manager Doug Armstrong announced Tuesday that they’re placing veteran winger Brandon Saad on waivers, per Jeremy Rutherford of The Athletic. St. Louis also placed winger Marcus Sylvegård on unconditional waivers for the purposes of contract termination, Elliotte Friedman of Sportsnet reports.
Saad is in the fourth season of a five-year, $22.5MM contract he signed with the Blues as an unrestricted free agent in 2021. The deal carries a $4.5MM cap hit, but he’s only owed $4.375MM in salary this season and $3.625MM in 2025-26.
Saad, who has struggled to the tune of seven goals, nine assists, and 16 points in 43 games this season, was a speculative trade candidate before the deadline but carries a full no-trade clause until July 1. Placing him on waivers will allow interested clubs to acquire him even if he would have otherwise blocked a trade. Notably, the Blues can’t retain any salary on Saad if he’s claimed off waivers rather than traded.
Armstrong told reporters, including Lou Korac of NHL.com, that Saad will report to and play for AHL Springfield if he goes unclaimed tomorrow. David Pagnotta of The Fourth Period reports that Saad had told the Blues he was willing to waive his NTC, but no trade materialized. They won’t be making a corresponding recall after Saad is removed from the roster, Armstrong added (via Matthew DeFranks of The St. Louis Post-Dispatch).
While things haven’t panned out for the 32-year-old Saad in St. Louis this season, he was a decent secondary scorer as recently as last season, when he turned in 26 goals and stayed healthy for all 82 games. It was Saad’s second-best goal-scoring season of his 14-year NHL career. However, his overall offense has continuously dropped off from his days of routinely producing around 50 points per season for the Blackhawks and Blue Jackets early on.
In Saad’s defense, a good portion of his struggles can be attributed to a significant dropoff in shooting percentage. He’s clicking at just 9.3%, the second-lowest rate of his career and down nearly 50% from last year’s 18.1% success rate. He’s due for regression, especially considering his 36 individual high-danger chances at 5-on-5 are tied for third on the Blues, per Natural Stat Trick.
A second-round pick by Chicago in 2011, Saad reached the NHL one year later and won championships with the Hawks in both 2013 and 2015. A salary cap crunch forced Chicago to trade him to the Blue Jackets for a package centered around Artem Anisimov following the second of those Cups, but the Blackhawks re-acquired him from Columbus two years later – unfortunately giving up superstar winger Artemi Panarin in the process.
But on the wrong side of 30 and with another year left on his deal, Saad finding a new home on waivers seems unlikely – especially if the Blues were previously willing to retain salary to facilitate a trade. Most teams interested in adding a veteran piece instead of subtracting likely won’t have the cap space for Saad at his full impact.
The Blues signed Sylvegård, 25, as an undrafted free agent from Sweden’s Växjö Lakers last offseason. He’s done well on assignment to Springfield, ranking fifth on the team with 21 points (10 G, 11 A) in 35 games, but has yet to receive an NHL recall. Evidently, both parties are satisfied with breaking ties early and allowing him to return to Europe. He’ll become an unrestricted free agent upon termination.
Image courtesy of USA Today Sports.