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Transactions

Maple Leafs Sign Matthew Knies To Six-Year Deal

July 1, 2025 at 8:12 am CDT | by Paul Griser 28 Comments

July 1: The Knies deal was officially registered today after issuing him a qualifying offer yesterday, the club announced. Because of that, he was technically an RFA for a few hours, so the deal doesn’t qualify as a true extension. With Knies’ deal on the books and the Marner sign-and-trade completed, the team enters the free agent signing period with $5.8MM in cap space to spend on one open roster spot. The deal breaks down as follows, per PuckPedia:

2025-26: $3MM salary, $6MM signing bonus
2026-27 – 2027-28: $7MM salary, $2MM SB
2028-29: $6.5MM salary, $500,000 SB
2029-30: $6.25MM salary
2030-31: $6.25MM salary, 10-team no-trade list

June 29: The Toronto Maple Leafs and forward Matthew Knies have agreed to a six-year, $46.5MM extension, per Sportsnet’s Elliotte Friedman. The deal comes with a $7.75MM AAV.

Knies, who is coming off a 29-goal, 58-point campaign, will remain in Toronto long-term after being selected by the Maple Leafs in the second round of the 2021 draft.

Knies was set for restricted free agency, but Toronto wrapped up the winger before he could receive any offers from additional teams. The 22-year-old showcased his abilities last season, sniping nearly 30 goals while forming one of the top lines in the league alongside Auston Matthews and Mitch Marner. With Marner likely to leave the Maple Leafs in free agency, the team made sure not to lose Knies or recently extended John Tavares.

The extension comes after Knies discussed his hope to remain in Toronto long term at his end-of-season media availability on May 20th. In part, he stated: “I love to play in this city. I think it’s a blast. I want to be here and I want to play here. That’s all that really matters to me,” he said. “I love this group and everyone in this locker room. I think there’s really a chance to win here, and I think it’s the best chance for me to win.”

The American-born Knies has scored 44 goals and 94 points in 161 games for Toronto. Knies also showcased a strong performance during the playoffs last season, posting five goals and seven points in 13 games.

The extension leaves the Leafs with just north of $13.5MM in cap space, per PuckPedia. Now that Knies is signed, GM Brad Treliving can turn his focus to other pending RFAs, including Nicholas Robertson and Pontus Holmberg, before setting his sights on unrestricted free agency.

Newsstand| Toronto Maple Leafs| Transactions Matthew Knies

28 comments

Golden Knights Acquire, Extend Mitch Marner

July 1, 2025 at 8:00 am CDT | by Brennan McClain 80 Comments

Tuesday: Both sides have officially announced the one-for-one swap.

Monday, 6:45 p.m.: PuckPedia has shared the financial breakdown of Marner’s new deal with Vegas:

  • Year 1: $4MM salary, $11MM signing bonus, full no-movement clause
  • Year 2: $4MM salary, $10MM signing bonus, full no-movement clause
  • Year 3: $4MM salary, $9.75MM signing bonus, full no-movement clause
  • Year 4: $4MM salary, $7.25MM signing bonus, full no-movement clause
  • Year 5: $5MM salary, $6MM signing bonus, full no-movement clause
  • Year 6: $5MM salary, $6MM signing bonus, full no-movement clause
  • Year 7: $5MM salary, $5MM signing bonus, full no-movement clause
  • Year 8: $5MM salary, $5MM signing bonus, full no-movement clause

4:07 p.m.: According to Sportsnet’s Elliotte Friedman, the Vegas Golden Knights have acquired forward Mitch Marner from the Toronto Maple Leafs. Shortly thereafter, Friedman shared that Marner is expected to sign an eight-year, $96MM deal ($12MM AAV) with the Golden Knights. According to TSN’s Bob McKenzie, Nicolas Roy is the only player headed to the Maple Leafs in the reported deal, making it a one-for-one swap.

Arguably the league’s top available free agent since Artemi Panarin in 2019, the Golden Knights have assured that Marner won’t even reach unrestricted free agency. Marner will join a star-studded roster in Nevada that already includes Jack Eichel, Mark Stone, and Shea Theodore.

Unlike his situation in Toronto, Marner also joins a team that’s entrenched in winning. Without question, the most successful expansion team in NHL history, the Golden Knights have qualified for the postseason in seven out of their eight seasons, reaching three Western Conference Finals, two Stanley Cup Finals, and winning one Stanley Cup.

After the money is squared away, the Golden Knights should have approximately $2MM remaining in salary cap space. Defenseman Alex Pietrangelo is set to miss the entire 2025-26 season, potentially longer, providing Vegas with an added $8.8 million in flexibility. Coupled with Roy’s $3MM salary, the Golden Knights had plenty of flexibility to bring in Marner on a long-term contract.

In Marner, Vegas will add one of the league’s premier playmakers to its already high-end offense. Since debuting for the Maple Leafs in the 2016-17 season, Marner has scored 221 goals and 741 points in 657 games, averaging 20:03 of ice time per night. Aside from his offensive capabilities, Marner is exceptional on the defensive puck, earning a +128 rating with a career 52.7% CorsiFor% at even strength and a 90.1% on-ice save percentage at even strength.

By re-signing Brandon Saad and Reilly Smith over the past two days, and adding Marner this afternoon, the Golden Knights have completely addressed their need for quality wingers before unrestricted free agency has even opened. Furthermore, with $2MM remaining in salary cap space, Vegas has some flexibility to add toward the bottom of their lineup, or to shore up their defensive core with cheaper deals.

Marner’s addition reaffirms the adage of the ’rich becoming richer’. The Golden Knights finished the 2024-25 campaign with the fifth-best goals scored average (3.34), third-best goals against average (2.61), second-best powerplay (28.34%), 13th-best shooting percentage (11.0%), ninth-best CorsiFor% (51.8%), and 11th-best in high-danger scoring chances (51.9%). Interestingly enough, despite being known for his offensive talents, Marner may help Vegas the most on the penalty kill, as they finished this past season ranked 26th with a 75.74% kill rate.

In terms of the salary cap, this deal is only likely to improve for the Golden Knights. Marner will earn 12.57% of Vegas’ available salary cap next year while watching that percentage drop to 10.57% in only two years. Considering that they’ll need a new contract for Eichel after next season, Vegas should be in good shape to retain both for the foreseeable future.

Unfortunately, Marner does carry some baggage when it comes to the Stanley Cup playoffs. Like the Maple Leafs, the Golden Knights are firmly within their competitive window and have been competing for the Stanley Cup since becoming a team less than a decade ago. Although he won’t deal with a similar media landscape in Vegas, Marner will have similar expectations regarding his postseason performances.

In fairness to Marner, he’s been a quality postseason player, just not to his standard. During his time in Toronto, Marner scored 13 goals and 63 points in 70 playoff games, achieving a +9 rating. Although this would be viewed as quality production for most players, it’s a 0.22 drop-off in point-per-game average compared to his regular-season output. Now cemented in Vegas for the prime years of his career, Marner will only have so many more chances to correct the version of himself as a player when hockey becomes as important as it ever can.

Meanwhile, the Maple Leafs have done well by turning nothing into something. The likelihood of Marner staying in Toronto has been known for several weeks, and the Maple Leafs have made sure to get another asset in return rather than lose him for nothing. Unlike Marner, the player they’re acquiring from the Golden Knights has considerable postseason experience.

Over the last four years, Roy has become a valuable third-line center in Vegas. He can play all three forward positions and can move up and down the lineup, making him an extremely versatile forward.

Since becoming a full-time player for the Golden Knights in the 2021-22 season, Roy has scored 57 goals and 141 points in 284 games with a +26 rating, averaging 15:48 of ice time per game. His playoff scoring has declined, with five goals and 15 points in 40 games, but he contributed to the Golden Knights’  Stanley Cup victory in 2023. He should help create a stalwart third line in Toronto next to Max Domi and Scott Laughton.

Photo courtesy of Charles LeClaire-Imagn Images.

Newsstand| Toronto Maple Leafs| Transactions| Vegas Golden Knights Mitch Marner| Nicolas Roy

80 comments

Capitals Sign Martin Fehervary To Seven-Year Extension

July 1, 2025 at 6:48 am CDT | by Brian La Rose 1 Comment

Today marks the beginning of a new league year which means players in the final season of their contracts are now eligible to sign a contract extension.  It appears one of those players is Capitals defenseman Martin Fehervary, as Sportsnet’s Elliotte Friedman reports that the blueliner is expected to sign a seven-year, $42MM extension.  PuckPedia adds (Twitter link) that the deal will break down as follows:

2025-26: $5.5MM salary, $2MM signing bonus
2026-27: $5.5MM salary, $2MM signing bonus, 15-team NTC
2027-28: $4.5MM salary, $2MM signing bonus, 15-team NTC
2028-29: $4MM salary, $2MM signing bonus, 15-team NTC
2029-30: $3.5MM salary, $2MM signing bonus, 10-team NTC
2030-31: $2.5MM salary, $2MM signing bonus, 10-team NTC
2031-32: $2.5MM salary, $2MM signing bonus, 10-team NTC

The 25-year-old was a second-round pick by Washington back in 2018, going 46th overall.  While he got a taste of NHL action the following year, it took him three seasons to establish himself as a regular for the Caps.

Fehervary has largely played the same role over his four full NHL seasons.  He has averaged between 19 and 20 minutes a night of playing time while chipping in with some secondary scoring.  He is actually coming off a career-high in points offensively as last season, he notched five goals and a career-best 20 assists while his best goal total (eight) game in his rookie year back in 2021-22.

Of course, it’s not the offensive production that has Fehervary set to sign this contract.  He has been the defensive anchor for the Capitals in recent years and led the team in shorthanded ice time last season at just over three minutes per game.  Fehervary is also typically among the team leaders in blocked shots and hits; he notched a career-best 150 in the former category in 2024-25.

Fehervary had one RFA-eligible year left and will be spending next season on a contract that carries a $2.675MM cap charge.  He’ll get to more than double that starting in 2026-27 while Washington picks up an additional six seasons of team control and secures Fehervary through the prime of his career.

The deal also ensures that Washington will have one of the pricier back ends for the foreseeable future.  While Fehervary’s contract won’t start until 2026-27, the Capitals are set to spend more than $35MM on their defense corps for the upcoming season, per PuckPedia.  This contract will put their 2026-27 spending on the position over $27.5MM, with veteran John Carlson also in need of a new deal at some point.  In that season, Fehervary is currently set to carry the second-highest cap charge among Capitals blueliners, checking in behind Jakob Chychrun ($9MM).

Photo courtesy of Peter Casey-Imagn Images.

Newsstand| Transactions| Washington Capitals Martin Fehervary

1 comment

List Of Players Not Receiving A 2025 Qualifying Offer

June 30, 2025 at 9:33 pm CDT | by Josh Erickson 27 Comments

The deadline to issue a qualifying offer to pending restricted free agents is today at 4:00 p.m. CT, making any player who has not received one eligible to become an unrestricted free agent on Tuesday. Below are the players who will not be issued a qualifying offer:

(this list will be updated as reports continue to come in)

[Related: 2025 Free Agents]

[Related: How Do Qualifying Offers Work?]

Anaheim Ducks 

F Brett Leason, F Josh Lopina, F Isac Lundeström

Boston Bruins 

F Trevor Kuntar, F Jakub Lauko, F Jaxon Nelson, F Oliver Wahlstrom, D Drew Bavaro, D Daniil Misyul, D Ian Mitchell

Buffalo Sabres 

F Alexander Kisakov, F Bennett MacArthur, F Tyler Tullio, D Jacob Bernard-Docker

Calgary Flames 

G Waltteri Ignatjew, G Connor Murphy

Carolina Hurricanes 

D Anttoni Honka, D Ty Smith, G Yaniv Perets

Chicago Blackhawks 

F Cole Guttman, F Philipp Kurashev, F Jalen Luypen, F Aku Raty, F Antti Saarela

Colorado Avalanche

F William Dufour, F Jean-Luc Foudy, D John Ludvig, G Kevin Mandolese

Columbus Blue Jackets 

D Ole Julian Bjørgvik-Holm, D Cole Clayton, D Jordan Harris, D Samuel Knazko

Dallas Stars 

None

Detroit Red Wings

G Gage Alexander, F Cross Hanas

Edmonton Oilers

F Jacob Perreault, G Olivier Rodrigue, F Cameron Wright

Florida Panthers

D Nathan Staios, D Zachary Uens

Los Angeles Kings

D Cole Krygier, F Jack Studnicka

Minnesota Wild 

F Graeme Clarke, F Adam Raska, F Luke Toporowski, D Ryan O’Rourke

Montreal Canadiens 

F Rafaël Harvey-Pinard, F Xavier Simoneau, D Gustav Lindström, D Noel Hoefenmayer

Nashville Predators 

F Jordan Frasca, F Ondrej Pavel, F Jesse Ylönen, D Luke Prokop

New Jersey Devils 

F Nolan Foote, D Santeri Hatakka, G Isaac Poulter

New York Islanders

D Samuel Bolduc, D Aidan Fulp, D Scott Perunovich

New York Rangers

F Lucas Edmonds, F Arthur Kaliyev, F Jake Leschyshyn, D Zachary Jones

Ottawa Senators 

F Philippe Daoust, F Jamieson Rees, F Tristen Robins

Philadelphia Flyers 

F Elliot Desnoyers, F Jakob Pelletier, F Zayde Wisdom

Pittsburgh Penguins 

F Raivis Ansons, F Emil Bemström, F Connor Dewar, F Philip Tomasino, D Pierre-Olivier Joseph, G Taylor Gauthier

San Jose Sharks

F Carl Berglund, F Nolan Burke, F Brandon Coe, F Noah Gregor, F Klim Kostin, F Nikolai Kovalenko, G Georgi Romanov, F Mitchell Russell

Seattle Kraken 

D Peetro Seppala

St. Louis Blues

F Tanner Dickinson, D Anton Malmstrom

Tampa Bay Lightning

F Jaydon Dureau, F Gage Goncalves, F Ryder Korczak

Toronto Maple Leafs

F Pontus Holmberg, F Reese Johnson, F Cedric Pare, D Mikko Kokkonen

Utah Mammoth 

F Kailer Yamamoto

Vancouver Canucks 

F Ty Glover, F Tristen Nielsen, D Christian Felton, D Cole McWard

Vegas Golden Knights 

G Isaiah Saville

Washington Capitals

F Pierrick Dube, D Alexander Alexeyev, G Mitchell Gibson

Winnipeg Jets 

F Mason Shaw, D Simon Lundmark

2025 Free Agency| Newsstand| Transactions

27 comments

Minor Transactions: Merkulov, Bishop, McLaughlin

June 30, 2025 at 8:00 pm CDT | by Brian La Rose Leave a Comment

In what has turned out to be a busy day on the transactions front, there were several minor signings as well that haven’t previously been covered.  We’ll run through those here.

  • The Bruins announced earlier today that they’ve re-signed forward Georgii Merkulov to a one-year, two-way deal worth $775K at the NHL level. PuckPedia adds (Twitter link) that the deal will pay $235K in the AHL and has a guaranteed salary of $270K.  The 24-year-old got into six games with Boston this past season, notching one assist but he was much more productive in the minors with AHL Providence.  With them, he led the team in scoring with 15 goals and 39 assists in 59 appearances.  Merkulov will be waiver-eligible beginning next season which could give him a leg up in a battle for a roster spot in training camp.
  • The Flames announced that they have re-signed Clark Bishop on a one-year, two-way contract worth $775K in the NHL. PuckPedia adds (Twitter link) that the winger will make $350K in the minors and that the agreement has a $375K guaranteed salary.  The 29-year-old got into six games with Calgary this past season, his first taste of NHL action since 2021-22, scoring once.  He also put up his best offensive numbers in the minors, notching 19 goals and 19 assists in 66 games with the Wranglers.
  • The Devils have kept forward Marc McLaughlin away from Group Six unrestricted free agency. PuckPedia reports (Twitter link) that the sides have agreed to a one-year, two-way contract that pays $775K in the NHL and $350K in the minors.  The 25-year-old got into 14 NHL games this season between Boston and New Jersey, picking up two goals and an assist.  In the minors, meanwhile, he had five goals and 14 assists in 48 games between their respective farm teams.

Boston Bruins| Calgary Flames| New Jersey Devils| Transactions Clark Bishop| Georgii Merkulov| Marc McLaughlin

0 comments

Red Wings Sign Patrick Kane To One-Year Contract

June 30, 2025 at 7:22 pm CDT | by Brennan McClain 2 Comments

According to a team announcement, the Detroit Red Wings have signed veteran forward Patrick Kane to a one-year contract for the 2025-26 season. Detroit shared that Kane will earn $3MM base salary, while PuckPedia reported his potential performance bonuses:

  • $2.5MM after 10 games played
  • $250K after 30 games played
  • $250K after 50 games played
  • $500K for reaching the postseason
  • $250K for Round One win
  • $250K for Round Two win

Although his base salary has decreased by $1MM, Kane has the opportunity to earn a slight raise on his new deal with Detroit. The Red Wings signed Kane to a one-year, $4MM contract a year ago to the day, with an additional $2.5MM available in performance bonuses. Unfortunately for Kane, he only earned $1.75MM of those bonuses. Still, by the time Kane reaches 30 games played in the upcoming season, he’ll have matched last year’s total.

Kane became an obvious re-sign candidate during the end-of-season press availability for the Red Wings. General Manager Steve Yzerman stated his intention to re-sign Kane, and the 18-year veteran felt the same way.

Since coming to Detroit early in the 2023-24 campaign, Kane has been a valuable secondary scorer for the Red Wings. Despite undergoing hip resurfacing surgery, Kane has scored 41 goals and 106 points in 122 games donning the ’Winged Wheel’, averaging 18:09 of ice time per night.

Kane’s recovery from hip resurfacing surgery has been fairly remarkable. He was in visible pain toward the end of his tenure with the Chicago Blackhawks, and he finally underwent surgery after concluding his time with the New York Rangers. The same surgery ended Nicklas Bäckström’s career prematurely, just before Kane had his. However, Kane has returned stronger, maintaining his production levels.

Furthermore, Kane’s speed hasn’t appeared affected by the surgery, either. To be fair, ’Father Time’ has zapped much of the speed from his Hart Memorial days, but it’s decreased only slightly since. According to NHL EDGE data, Kane finished in the 81st percentile of the league in 18-20 mph bursts pre-surgery, and 76th percentile post-surgery. He may not have the best edge work anymore, but Kane has been playing like he’s got much more left in the tank.

Max Bultman of The Athletic was the first to report that the Red Wings were finalizing a new deal with Kane. 

Detroit Red Wings| Newsstand| Transactions Patrick Kane

2 comments

Hurricanes Acquire Cayden Primeau

June 30, 2025 at 6:50 pm CDT | by Brian La Rose 6 Comments

The Hurricanes have added some extra goaltending depth heading into next season, acquiring Cayden Primeau from the Canadiens in exchange for a 2026 seventh-round pick.  Both teams have confirmed the swap.

Primeau entered this season as the full-time backup for Montreal for the first time in his career after the team moved Jake Allen to New Jersey at the 2024 trade deadline.  However, the 25-year-old struggled mightily, posting a 4.70 GAA and a .836 SV% in 11 outings, resulting in him landing on waivers after the holiday break in December.  He cleared and was promptly sent to AHL Laval.

With the Rocket, Primeau played much better.  In 26 regular season games with them, he posted a 21-2-2 record along with a 1.96 GAA and a .927 SV%.  His performance was a bit more inconsistent in the playoffs, however, as he put up a 3.27 GAA and a .878 SV% in eight outings while struggling in the Eastern Conference Finals.

Primeau has seen NHL action in six straight seasons but is still relatively unproven at the top level as he only has 55 career appearances, 10 of them coming in relief.  Overall, he has a 3.69 GAA and a .884 SV% in those outings.

It will be interesting to see what Carolina’s plan is for Primeau.  With Frederik Andersen and Pyotr Kochetkov already under contract, there isn’t a spot with the Hurricanes, at least not unless they plan to carry three netminders which is something they’ve done in the past.  He received a $1.068MM qualifying offer from the Canadiens earlier today so it’s possible that they plan to make him one of the higher-paid third-string goalies, hoping that a potential seven-figure salary could dissuade teams from claiming him off waivers which would allow them to stash him with AHL Chicago.

As for Montreal, the Canadiens only have two goalies under contract at the moment, starter Sam Montembeault and prospect Jacob Fowler.  Jakub Dobes, who took over for Primeau as the backup midseason, is a pending RFA as well but it wouldn’t be surprising to see Montreal look to add a netminder in free agency in the coming days, at least as extra depth.

Carolina Hurricanes| Montreal Canadiens| Transactions Cayden Primeau

6 comments

Panthers Sign Aaron Ekblad To Max-Term Extension

June 30, 2025 at 6:35 pm CDT | by Josh Erickson 41 Comments

6:35 p.m.: Florida has announced Ekblad’s new eight-year contract.

2:15 p.m.: The Panthers and defenseman Aaron Ekblad have made significant progress on a long-term extension to keep him away from the free agent market tomorrow, TSN’s Bob McKenzie reports. It will be an eight-year deal worth around $48.8MM for a cap hit of $6.1MM, according to Elliotte Friedman of Sportsnet.  PuckPedia reports the deal contains a full no-move clause for the first six years and a 16-team no-trade in the other two and breaks down as follows:

2025-26 to 2027-28: $1MM salary, $6.9MM signing bonus
2028-29: $1MM salary, $5.14MM signing bonus
2029-30 to 2032-33: $1MM salary, $3.74MM signing bonus 

Florida’s commitment to Ekblad, who would have been the top defenseman on the market had he tested free agency, comes after months of hesitancy to dole out a long-term commitment. Now, GM Bill Zito has acquiesced and will give Ekblad the long-term stability he desired with a significant discount on the cap hit he could have landed as a UFA, which McKenzie says could have been as high as $9MM.

The lifelong Panther gets to stay in Florida, who made clear during their run to their second straight Stanley Cup championship that he never wanted to leave. Their 2014 first overall pick set the club’s franchise record for games played and points by a defenseman several years ago, scoring 380 points with a +96 rating in 732 games in a Florida uniform over the past 11 years.

He could very well only end up signing three NHL contracts – his entry-level deal, the eight-year, $60MM extension he signed in 2016, and this one. While no doubt a top-pairing threat now coming in at a significant discount on his previous cap hit of $7.5MM, his injury history was always the holdup in signing him to a long-term deal. The Panthers felt that was a steep enough discount to quell their concerns, while Ekblad was willing to take nearly a 33% cut on his market value to land as much stability as possible.

Although Ekblad hasn’t played a full 82-game schedule since 2018-19 and has only hit the 70-game mark once since then, he did have a mostly healthy 2024-25 campaign that was truncated by a late-season suspension for PEDs. He still finished the season with a 3-30–33 scoring line in 56 games, along with a +11 rating. His 23:31 average time on ice was his most in three years, bolstered by an increase in power-play time in the wake of Oliver Ekman-Larsson and Brandon Montour’s departures in free agency last year, which also played a role in his offensive resurgence. His 0.59 points per game in 2024-25 were the fourth-highest mark of his career.

Ekblad was also spectacular in the postseason, posting 13 points and a +10 rating in 19 games. That was his highest point total in any of Florida’s three straight runs to the Stanley Cup Final.

The 29-year-old will now reprise his role alongside Gustav Forsling for the foreseeable future as one of the best two-way pairs in the league. The duo logged 870 minutes together in the regular season and controlled 54.6% of expected goals while doing so, per MoneyPuck. He also forms one of the best one-two punches among right-shot D in the league with in-season acquisition Seth Jones. The trio of Florida’s top three defensemen is now under contract through 2029-30 (when Jones’ deal expires) at a combined cap hit of just $18.85MM – extremely good value that sets the Panthers up to continue having the flexibility to maintain a championship-contending roster.

Florida now has $4.9MM in cap space remaining with five roster spots to fill, per PuckPedia. That rules out an extension for their other highly notable UFA, winger Brad Marchand, at first glance, but they can get creative. They certainly won’t be able to match high-priced multi-year offers without offloading a salary or two, but could offer Marchand, who’s eligible for a bonus-laden one-year deal because of his age, a low base salary with easily achievable performance bonuses. That would allow them to initially be cap compliant with him, but if those bonuses are achieved and exceed the cap, Florida would be hit with a hefty penalty for 2026-27.

Image courtesy of Wendell Cruz-Imagn Images.

Florida Panthers| Newsstand| Transactions Aaron Ekblad

41 comments

Oilers Sign Evan Bouchard To Four-Year Extension

June 30, 2025 at 6:33 pm CDT | by Brennan McClain 21 Comments

6:33 p.m.: The Oilers have announced Bouchard’s new extension.

3:32 p.m.: As first reported by Cam Robinson of EliteProspects and later confirmed by TSN’s Chris Johnston, the Edmonton Oilers are putting the finishing touches on an extension for pending restricted free agent defenseman Evan Bouchard. Once completed, the deal is reportedly a four-year, $42MM extension, with a $10.5MM AAV.

The deal will eat up nearly all of Edmonton’s remaining cap space. Still, it was their most important piece of business to complete this summer, and they’ll now have clarity on their salary cap situation heading into the start of free agency.

According to Frank Seravalli, there were conversations regarding an eight-year agreement, but the price was too high for the Oilers to stomach for the time being. It makes sense given that Edmonton was already fairly tight to the upper limit of the salary cap, and this deal will make Bouchard the fourth-highest defenseman in the league (in terms of AAV) behind Erik Karlsson, Drew Doughty, and Rasmus Dahlin.

Aside from the generational talents playing in front of him, Bouchard has been a focal point of the Oilers reaching back-to-back Stanley Cup Finals, largely due to his offensive capabilities. From 2021 to 2023, Bouchard was a quality top-four blue liner for Edmonton, scoring 20 goals and 83 points in 163 games with a +16 rating while averaging 19:09 of ice time per night. He was even better in the postseason, scoring seven goals and 26 points in 28 games while averaging over 20 minutes a game.

His output over the last two years has completely dwarfed those numbers. Since the start of the 2023-24 campaign, Bouchard has scored an exceptional 32 goals and 149 points in 163 regular-season contests, with 61 of those points coming on Edmonton’s powerplay. Furthermore, in the postseason, he continues to improve, scoring 13 goals and 55 points in 47 games with a +20 rating.

Unfortunately, there are warranted concerns over Bouchard’s play in the defensive zone. Throughout his entire career with the Oilers, Bouchard has received extremely favorable deployment, starting 58.6% of his shifts in the offensive zone. Assuming he’s playing with Connor McDavid or Leon Draisaitl the majority of the time, the expectation is that Edmonton can control the play enough where they won’t have to rely on Bouchard to be in a shutdown role.

For the most part, he’s never needed to play in that role, but his defensive metrics continue to suffer. This past season, his on-ice save percentage at even strength fell to a career-low of 88.8%, marking a continual decline since the 2021-22 season.

Still, Bouchard has consistently maintained a positive impact on the game, as he has never experienced a season where the Oilers have failed to outscore their opponents at even strength while he is on the ice. This trend continues despite his defensive weaknesses.

At any rate, it’s important to note that Bouchard has averaged more than 23 minutes of ice time over the past two years for the reigning Western Conference champions. Regardless of his shortcomings in the defensive zone, he’s been the top defenseman on a Stanley Cup-caliber team for some time.

Now, with a brand new four-year contract in place, Edmonton will have additional clarity as extension negotiations begin with McDavid in a few weeks. They’ll likely want to keep McDavid on a longer-term deal than they’ve got with Bouchard, but they know the available capital they’ll have in a few years. Unfortunately for Edmonton and potentially McDavid, Bouchard will become an unrestricted free agent at the end of the 2028-29 NHL season.

Photo courtesy of Perry Nelson-Imagn Images.

Edmonton Oilers| Newsstand| Transactions Evan Bouchard

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Senators Re-Sign Nick Cousins

June 30, 2025 at 6:09 pm CDT | by Brian La Rose 1 Comment

The Senators will be keeping Nick Cousins in the fold for one more year.  In a deal first reported by Lalime’s Martian on Twitter and subsequently confirmed by Postmedia’s Bruce Garrioch (Twitter link), Ottawa has signed Cousins to a one-year, $825K contract.

The 31-year-old had to wait until close to the start of training camp to get a contract last year, ultimately signing a one-year, $800K agreement with the Sens in late August.  Now, he’ll forego testing the open market and will get a small raise for doing so.

Cousins played in 50 games for Ottawa this past season while also missing more than two months with a serious knee injury that had his availability for the playoffs in question but he was able to return late in the season.  In those outings, Cousins collected six goals and nine assists along with 85 hits in a little under 12 minutes a night of playing time.  In their first-round exit to Toronto, he was held off the scoresheet in five appearances.

A veteran of 642 career NHL outings during the regular season over 11 seasons, Cousins has bounced around, seeing time with seven different organizations.  Instead of testing the market to see if he could get a bit more money, he has decided to stay put in a situation that works for both sides.

With the signing, Ottawa now has a little over $7MM in cap space, per PuckPedia.  However, with both GM Steve Staios and owner Michael Andlauer cautioning that the team doesn’t intend to spend to the Upper Limit and a possible $2.75MM in bonuses on the books for Claude Giroux’s new deal, it’s unclear how much of that cap room is spendable at the moment although, at a minimum, they’ll have to add a depth forward or two to the roster in the coming days and weeks.

Ottawa Senators| Transactions Nick Cousins

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