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Kraken Sign Jake O’Brien To Entry-Level Contract

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2:45 p.m.: Seattle has confirmed the deal, although financial terms were not disclosed.

12:57 p.m.: The Kraken had 2025 No. 8 overall pick Jake O’Brien sign his entry-level contract during today’s development camp scrimmage, Kate Shefte of the Seattle Times reports.

O’Brien, 18, is the latest high-profile name to join a Seattle club that’s now rather deep down the middle organizationally. They’ve had four top-10 picks since their inception in 2021 and have used all of them on centers, previously selecting Matty Beniers, Shane Wright, and Berkly Catton.

Seattle picked the 6’2″ playmaking pivot right around where most expected him to go. For a 2025 draft tabbed as a weaker one, O’Brien carries a strong statistical profile for someone picked that late in the top 10. He was the OHL’s Rookie of the Year in 2023-24 and followed that up with a 32-goal, 98-point season for his Brantford Bulldogs in 66 games.

His point production was likely inflated somewhat – there were two 100-point scorers on the team ahead of him, and there are some concerns about his defensive acumen. Nonetheless, he’ll have an NHL-ready frame in a couple of years’ time once he adds some weight and is one of – if not the best – pure passers in this year’s class, multiple outlets say.

O’Brien may get a long look in training camp, but isn’t necessarily expected to compete for a roster spot. In the likely scenario that he returns to Brantford, his contract will slide to the 2026-27 season.

Kraken Sign Matt Murray

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The Kraken have signed goaltender Matt Murray to a one-year, $1MM contract, per a team announcement.

This move will stand as a vote of confidence in Murray, as he works his way back to a full-time role after undergoing bilateral hip surgery in 2023. Murray missed the entirety of the 2023-24 season and all but two games of the 2024-25 season, as a result of the injury. Murray’s last extended action came in the 2022-23 season, when he appeared in 26 games as Toronto’s backup to Ilya Samsonov. Murray recorded a .903 save percentage and a 14-8-2 record in those appearances.

When thinking of Murray, it’s hard not to think of his incredible run to the Stanley Cup as a rookie in 2016. With only 13 regular-season games under his belt, Murray was able to usurp future Hall-of-Famer Marc-Andre Fleury as the starting netminder for the team’s 2016 postseason. With that confidence to boost him, the rookie Murray managed an incredible .923 save percentage and a 15-6-0 record for the Penguins, helping propel the team to a Stanley Cup win. He earned Pittsburgh’s backup role full-time in the wake of that win, and supported the team with an improved .937 save percentage in 11 games during their 2017 Cup win as well.

For the most part, Murray’s hot hand in Pittsburgh carried over to the regular season. He managed a collective .914 Sv% and a 117-53-19 record in 199 games with the Penguins. He also totaled a .921 save percentage in 51 playoff games — a team record among goalies to appear in multiple postseason runs. But on the back of faltering play in 2019, the Penguins traded Murray to the Ottawa Senators in exchange for forward Jonathan Gruden and the 2020 second-round pick used on goaltender Joel Blomqvist. Murray fell to Ottawa’s backup chair, behind Anton Forsberg, by the 2021-22 season, and fell into his rut of injuries soon after.

Now, Seattle will look to revive Murray’s career in a backup role behind starter Joey Daccord. Murray posted one win, one loss, and one relief loss over the course of three games with Toronto this season. Next season will be his first true test at a comeback, and an early summer deal will provide a full summer of motivated fitness training.

Kraken Sign Ryan Lindgren To Four-Year Deal

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The Kraken have signed defenseman Ryan Lindgren to a four-year contract worth $4.5MM per season, according to Sportsnet’s Elliotte Friedman.

This will mark Lindgren’s second move in just four months. He was previously traded to the Colorado Avalanche at the Trade Deadline alongside Jimmy Vesey, in a deal that landed the New York Rangers forward Juuso Parssinen, defenseman Calvin de Haan, and conditional second and fourth round draft picks. After starting the year with 19 points in 54 games with the Rangers, Lindgren finished the year with three points, a minus-one, and four penalty minutes in 18 games with the Avalanche. He also chipped in three assists and a plus-five to seven postseason games.

It was the postseason appearances that earned Lindgren recognition from around the league. He ranked second on the team in blocked shots (12) and looked like a hardy defensive addition behind Colorado’s all-out offense. That standing wasn’t enough to push the Avalanche beyond the first round, but it seemingly was enough to keep Lindgren top of mind for teams in need of hardy, depth defenders.

Lindgren has been in the league for the last seven seasons, all the while holding down a strong role on the Rangers’ second pairing. He was an active participant in New York’s defensive zone, even racking up as much as 141 blocked shots and 129 hits in a single year during the 2021-22 campaign. He continued to rival the century tally in both stats through the last three seasons, and even managed 128 blocks and 80 hits alongside a career-high 22 points between New York and Colorado this season.

Lindgren will step into Seattle seemingly looking to rival Josh Mahura and Ryker Evans for ice time as the team’s third-pair left-defender. He could also be a candidate to play on his off-hand side opposite of Evans – in an effort to shore up Seattle’s deprived right-side. With a play style that leans heavily against getting involved in the defensive end, Lindgren shouldn’t be much effected by the ask to play on the right-side – though additional moves could make his role for the 2025-26 campaign a bit more defined.

Kraken Buy Out Joe Veleno

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June 30: Veleno has cleared unconditional waivers and will be bought out, Elliotte Friedman of Sportsnet reports.

June 29: The Kraken announced Sunday they’ve placed newly acquired center Joe Veleno on unconditional waivers for a buyout.

If a team wants to pick up the final year of Veleno’s contract at a $2.275MM cap hit, they can do so over the next 24 hours, in which case the Kraken would not be on the hook for the salary cap implications of a buyout. Waiver priority is still determined by reverse standings order from the 2024-25 season. In the more likely event he clears waivers, the 25-year-old’s buyout won’t carry as much of a salary cap penalty as usual. Players under 26 years old receive only one-third of their remaining base salary in a buyout, instead of two-thirds.

Veleno was due to earn $1.775MM in base salary in 2025-26, so the total cost of the buyout will be $592K spread over the next two seasons. He was owed a $500K signing bonus on July 1 that is protected from a buyout, though. That means the Kraken will carry a $796K cap charge in 2025-26 and a $296K cap charge in 2026-27, according to PuckPedia. Even with the increased buyout penalty next season, they’re still opening roughly $1.5MM in space compared to his initial cap hit.

Seattle acquired Veleno from the Blackhawks in a one-for-one swap for winger André Burakovsky last weekend. They initially opened $3.225MM in cap space for 2025-26 with the move, but that number jumps to $4.7MM with Veleno’s pending buyout. The 2018 first-rounder seemed like he may have been an awkward fit on a Seattle roster already teeming with natural centers, particularly after they also acquired Frédérick Gaudreau from the Wild a few days ago.

It’s clear now he wasn’t in their plans moving forward and was only taken back in the deal to take a contract off Chicago’s books. Assuming he’s indeed bought out, he’ll hit unrestricted free agency for the first time following one of the more underwhelming seasons of his brief NHL career. 2024-25 was the fourth season for Veleno as a full-timer with the Red Wings, who drafted him 30th overall seven years ago, but he only managed 10 points and a -14 rating in 56 games as their fourth-line center before being traded to the Blackhawks at the deadline for Petr Mrázek and Craig Smith.

Veleno had a decent end to the campaign in Chicago. He put together a 3-4–7 scoring line in 18 games, ranking eighth on the team in scoring from the trade deadline until the end of the season. All of that production came at even strength while averaging a relatively conservative 12:38 per game. His historically underwhelming possession impacts remained in the gutter, though. He posted a 41.1 CF% and 37.9 xGF% at even strength, along with a minus-nine rating for the Hawks, although it’s worth noting he did face a difficult workload with 64.2% of his zone starts coming in the defensive end.

That end to the season, combined with his draft pedigree, means it won’t be surprising if Veleno lands an NHL contract as a UFA. It won’t be in the neighborhood of his previous $2.275MM cap hit, though. Players of that caliber who get bought out – think defenseman Adam Boqvist last offseason – usually settle for a league-minimum contract in hopes of landing in the best environment to get their career and development back on track.

Seattle now has just over $18MM in cap space with six open roster spots, according to PuckPedia. Three of those spots will presumably be filled by pending RFAs Ryker Evans, Kaapo Kakko, and Tye Kartye. That trio will likely consume between $8.5MM and $10.6MM of cap space, depending on whether it’s a long-term or bridge deal for Evans, per AFP Analytics’ projections.

Image courtesy of David Banks-Imagn Images.

Grubauer Won't Be Bought Out This Summer

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  • Kraken GM Jason Botterill confirmed to reporters including Kate Shefte of The Seattle Times that the team will not be buying out goaltender Philipp Grubauer by Monday’s deadline. The 33-year-old had a rocky performance this season, posting a 3.49 GAA with a .875 SV% in 26 starts, resulting in a stint with AHL Coachella Valley after clearing waivers.  Grubauer has two years left on his contract that carries a $5.9MM cap charge and while Seattle would have been able to open up nearly $4MM in room this summer with a buyout, Botterill instead will keep him around with the belief that he’ll be able to bounce back next season.

Seattle Kraken Acquire Frédérick Gaudreau

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11:17 a.m.: Both teams have confirmed the trade.

10:32 a.m.: The Seattle Kraken are making their forward core tougher to play against.. According to Sportsnet’s Elliotte Friedman, the Kraken have acquired forward Frédérick Gaudreau from the Minnesota Wild for a draft pick. Frank Seravalli of the Daily Faceoff quickly added that the Kraken are sending their 2025 fourth-round pick (102nd overall) to the Wild.

For a second time since the Stanley Cup Final ended, the Kraken have taken advantage of a team looking to clear salary from their roster. Similarly to the trade that brought Mason Marchment to Northwest Washington, Seattle has procured a quality middle-six option on the cheap.

Gaudreau is coming to the Kraken on the heels of one of the better campaigns of his career. He finished the 2024-25 campaign fifth on the Wild in scoring with 18 goals and 37 points in 82 games. Although he’s best in a third-line role, Gaudreau spent much of the year in Minnesota’s middle-six due to injuries at the top of their forward hierarchy.

Although he showed more thump in his offensive output this past season, there is reason for pause. Gaudreau finished the campaign with a 16.4% shooting percentage, nearly double his career percentage leading up to the season.

On the defensive side of the puck, he was largely a net-zero. He had a dismal 44.2% CorsiFor% at even strength, but maintained a palatable 48.2% success rate in the faceoff dot with a 90.4% on-ice save percentage at even strength while starting 53.7% of his shifts in the defensive zone. It’ll be interesting to see if Seattle deploys Gaudreau as a center, given they’ve got Matty Beniers, Shane Wright, Chandler Stephenson, and Joe Veleno down the middle already. Either they’re planning on shifting Gaudreau or one of the aforementioned players to the wing, or the Kraken are planning another trade from their forward core, similar to trading away André Burakovsky.

Meanwhile, the Wild’s take on the trade is fairly obvious. Trading Gaudreau relieves another $2.1MM from their 2025-26 salary cap table, giving them $17.7MM in available space leading up to July 1st. Now, even if they were to sign Marco Rossi for his asking price of $7MM per season, the Wild would have more than $10MM left to bring more quality pieces into the fold.

Still, it’ll be interesting to see how they re-work their options down the middle if they were to trade Rossi. Top free agent options such as Brock Nelson and Matt Duchene have already been taken off the table, while John Tavares is still expected to re-sign with the Toronto Maple Leafs. As of now, if they trade Rossi without acquiring a prominent center in return, they’d likely enter the season with Joel Eriksson Ek and Ryan Hartman as their top two options down the middle.

Maple Leafs, Kraken To Pursue Andrew Mangiapane

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The 2025 free agent market is beginning to wear thin. That could push teams to take aggressive runs at the few impactful lineup pieces available. One name already generating interest is Washington Capitals winger Andrew Mangiapane, who both the Toronto Maple Leafs and Seattle Kraken are expected to pursue if and when he reaches the open market, per David Pagnotta of The Fourth Period. The rumor was later confirmed from a Leafs perspective by Sporstnet’s Nick Alberga, who points out Mangiapane’s past relationship with Leafs general manager Brad Treliving.

The winner of the growing Mangiapane sweepstakes will be landing a very interesting player. Mangiapane has played far above his 5-foot-10 frame for much of the last seven seasons. He earned his place in the league with a pair of 32-point performances in 2019-20 and 2020-21, then broke out in a big way with 35 goals and 55 points in 82 games of the 2021-22 season. Even as he fell back to Earth in the wake of a career-year, Mangiapane continued to post strong numbers, reaching or crossing the 40-point mark in both 2022-23 and 2023-24.

All five of Mangiapane’s strong scoring seasons came in a Calgary Flames jersey. He seemed to have secured a career role in the team’s middle-six, but that thought was extinguished when Mangiapane was traded to the Washington Capitals for a 2025 second-round pick last summer. The move instantly sparked questions of if and how Mangiapane could maintain his scoring with a new club. Those concerns were warranted when he posted just 28 points, split evenly, through 81 games of Washington’s season this year. He fell to a clear bottom-six role that continued on through the postseason, when he scored two points in 10 games.

But such a drop-off in scoring could indicate a return to admirable play could come with the a change of scenery. Mangiapane is one of the best value draft picks in Treliving’s managerial career, having gone from a sixth-round selection in 2015 to nearly-500 games in the NHL a decade later. That connection could make a move to the Toronto Maple Leafs – who are desperately in need of a scoring punch down their left-wing side – a natural next step. If not the Leafs, Mangiapane could also move to Seattle, who already have a track record of supporting his undersized, shoot-first style.

Mangiapane carried a lofty, $5.8MM cap hit through the last three years on his last deal. That mark is likely far north of what he’s set to earn this summer, but it could be enough to pull his price tag higher than expected – especially if a bidding war begins. Mangiapane’s final deal will be interesting to follow, and could precede the role he earns in his next team’s top-nine.

Blackhawks Acquire Andre Burakovsky

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The Kraken and Blackhawks have made a swap of underperforming forwards.  Chicago has acquired winger Andre Burakovsky from Seattle in exchange for center Joe Veleno in a one-for-one move.  Both teams have confirmed the trade.

Burakovsky became a key secondary scorer when he was acquired by Colorado back in 2019.  Over three seasons with the team, he had two seasons of more than 40 points while his last one with them saw him record a career-best 61, allowing him to hit unrestricted free agency for the first time while being one of the better options available on the open market.

That helped him land a five-year, $27.5MM contract with the Kraken in 2022 and the deal has not gone particularly well thus far.  The 30-year-old produced at a similar rate in 2022-23 from a points per game perspective but while he had 39 points in 49 games, missing 33 outings due to injury made for a disappointing year.  2023-24 was more of the same on the injury front as he once again missed 33 games, but to make things worse, his output fell considerably, down to just seven goals and nine assists.

This past season, Burakovsky was able to rebound a bit.  For starters, he was able to play in 79 games, one shy of his career best in that regard.  Meanwhile, while he didn’t get back to the type of production he had back in Colorado, he was able to chip in with 10 goals and 27 assists.

Last summer, Chicago added wingers Tyler Bertuzzi and Teuvo Teravainen in free agency, giving themselves some upgrades up front and some veterans to work with their young forward core.  This move appears to follow that same idea while they’ll be taking on the final two seasons of Burakovsky’s deal at a $5.5MM price tag to make that happen.

As for Veleno, he’s on the move for the second time in a matter of months.  The 25-year-old spent parts of five seasons with Detroit after being a late first-round pick by the Red Wings back in 2018 but he was moved to the Blackhawks at the trade deadline in exchange for goaltender Petr Mrazek.

This past season, Veleno played in 74 games between the two teams, notching eight goals and nine assists in a little over 12 minutes per night of playing time.  It was the first time in three years that he failed to reach the 20-point mark with his career high in that regard coming in 2023-24 when he had 28.  While he was a productive scorer at the junior level, Veleno has been more of a checker at the professional ranks.

Veleno has one year left on his contract at a $2.275MM cap charge and joins a center group that is starting to become a bit crowded.  They already have Matty Beniers, Chandler Stephenson, and Shane Wright down the middle while Jared McCann, a natural center, is already on the wing.  Top prospect Berkly Catton is expected to push for a roster spot in training camp as well.  While the Kraken solved one logjam by moving out Burakovsky following the recent acquisition of Mason Marchment, they’ve created another with this move.

Speculatively, Seattle has a relatively easy way to solve it.  If they’re primarily looking for cap flexibility and can’t move Veleno in the coming days, he could become a buyout candidate.  Since he’s still 25, the cost of buying out that final year would only be one-third, not the standard two-thirds.  That would cost the Kraken a cap charge of $795.8K next season and $295.8K in 2026-27, allowing them to effectively remove the majority of Burakovsky’s $5.5MM cost from their books.  Alternatively, they could give Veleno a chance to lock down the center spot on the fourth line as he has shown himself to be useful in that role for several years now and see what happens from there.  Either way, their early offseason shakeup continues.

Photos courtesy of Walter Tychnowicz (Burakovsky) and David Banks (Veleno)-Imagn Images.

Kraken Sign Cale Fleury To Two-Year Extension

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The Kraken will be keeping a depth defender in the fold for a little while longer.  The team announced that they’ve signed Cale Fleury to a two-year contract extension.  The one-way deal will carry a price tag of $890K per season, representing a small increase on the $800K on his current contract which will expire at the end of the month.  GM Jason Botterill released the following statement:

Cale’s been an important player in our organization.  He’s developed into a steady and reliable defenseman, and we’re happy to have him under contract for the next two years.

The 26-year-old has been with Seattle for the past four years after being selected from Montreal in their expansion draft.  However, despite Botterill’s comments above, Fleury’s development hasn’t been enough to secure a foothold at the NHL level during that time; he played in more NHL games in one season with the Canadiens (41) than in the last four years with the Kraken combined (36).

This season, Fleury got into 14 games with Seattle, his highest single-season total with them.  In those outings, he had an assist along with 28 blocks and 30 hits in a little under 13 minutes per night of playing time.  However, he was much more impactful in the minors with AHL Coachella Valley, registering 26 points in just 39 games, earning himself an All-Star nod in the process.

It’s likely that Seattle will be relying on Fleury to play a similar role as he has in recent years, being a key piece for the Firebirds and a serviceable option when needed at the top level.  While he will have to clear waivers to be sent down next season, he has done so multiple times now and the one-way guarantee for two years could help dissuade any potential claimers.

Seattle Kraken Acquire Mason Marchment

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As expected, the Dallas Stars have opened up additional salary cap space leading up to the offseason. According to a team announcement, the team has traded forward Mason Marchment to the Seattle Kraken for a 2026 third-round pick and Dallas’s 2025 fourth-round pick, which was previously sent to the New York Rangers and later acquired by the Kraken.

The trade is a beneficial arrangement for both teams. The Stars free up $4.5MM in cap space, which was given to Matt Duchene earlier today, while the Kraken add more goalscoring and physicality into their forward core.

Unfortunately for Dallas, trading Marchment without retaining salary doesn’t solve all of their financial issues. According to PuckPedia, the Stars have $4.95MM in cap space and either need to re-sign or add four to five more forwards to carry a full roster.

If Dallas can trade defensemen Matt Dumba and Ilya Lyubushkin, without retaining any salary, they’ll have just under $12MM in cap space, which would give them much more flexibility. Still, it’s hard to imagine a scenario in which the Stars’ roster doesn’t come out worse off compared to the one they finished their 2025 Stanley Cup playoff race with.

For Seattle, one team’s junk becomes another team’s treasure. Marchment has proven a capable 20-goal scorer over the last few years and can generate more than 100 hits in a season. The Kraken struggled in both areas during the 2024-25 season, finishing with five players recording 100 or more hits, and only four players scoring 20 or more goals.

The one interesting part of this trade by the Kraken is ascertaining where Marchment fits into the lineup. A natural winger, Marchment should expect to play in Seattle’s middle-six. Unfortunately, the team is already fairly crowded with wingers, given that Jaden Schwartz, Kaapo Kakko, Jared McCann, Jordan Eberle, André Burakovsky, and Eeli Tolvanen are all expected back next season.

At any rate, the team is excited to have him, as General Manager Jason Botterill said, “I think Mason has a unique combination of size, skill and strength. He works well down in the corners and around the net and that’s an element we want to continue to add to our group here.”

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