- After clearing waivers over the weekend, the Canucks assigned winger Lukas Reichel to the minors. Ben Kuzma of the Vancouver Province mentions that Reichel’s agent has permission to talk to other teams about trying to facilitate a trade. While there were no takers for the 23-year-old with his $1.2MM AAV, it’s possible that there could be some interest if they could send a player the other way to offset some of the money. Either way, Reichel’s stock has certainly fallen after struggling following a late-October trade from Chicago.
Canucks Rumors
Vancouver Canucks Sign Max Sasson To Two-Year Extension
The Vancouver Canucks announced today that forward Max Sasson has signed a two-year, $1MM AAV contract extension with the club.
Canucks GM Patrik Allvin commented on the signing in the Canucks’ official announcement, saying:
Max has made the most of the opportunity presented to him this season and has provided us with some solid play. Since signing with the organization out of college, he has shown significant improvement, using his speed and skill to build a strong foundation for his future. Max was a key contributor to our championship run last year in Abbotsford, and we’re excited to watch him continue to grow as a player.
Sasson, 25, signed an entry-level deal with the Canucks as an NCAA free agent in March of 2023. He earned that NHL deal off the back of a stellar two-season run playing college hockey at Western Michigan University. He scored 15 goals and 42 points in his second season in Kalamazoo. 
Sasson was an instant-impact signing for the Canucks, quickly becoming one of their more reliable centers at the AHL level. After a seven-game cameo in 2022-23, Sasson hit the ground running during his true rookie season of 2023-24, scoring 18 goals and 42 points in 56 AHL games.
He kept growing his game into the following year, earning his first NHL call-up in November 2024. He played in a total of 29 games at the NHL level last season, scoring seven points. He spent the Spring of 2025 back in the AHL, helping the Abbotsford Canucks with the Calder Cup, scoring 14 points in 24 AHL playoff games.
Sasson began 2025-26 in the AHL but quickly rose to the NHL, earning a recall in early October after playing just two AHL games. (He scored a goal in each of those games) Sasson has begun to establish himself this season as a legitimate NHL-caliber fourth-line center, scoring six goals and eight points through 29 games this season. Head coach Adam Foote hasn’t shown a willigness to deploy Sasson much on special teams yet, but he is playing 11:01 time on ice per game mostly at even strength.
Seeing as Sasson is earning a $1MM AAV on his next deal with a relatively thin NHL résumé, it’s likely the Canucks are betting that Sasson’s upward trajectory will continue. He does still have some work to do, such as earning the trust of Foote to the point where he can be reliably used on the penalty kill, as that is usually an expectation of bottom-six centers at some point in their career. Sasson also has to improve at the faceoff dot, as he’s winning just 40% of his draws this season.
But as Allvin said, Sasson has already improved significantly since joining the Canucks, and he’s given every reason to believe he’ll be able to make those adjustments and grow into a more well-rounded NHL player. While this AAV might feel a bit high to some given that Sasson has just 58 career NHL games to his name, it’s important to take into account where the Canucks are as a franchise.
As they pivot into more of a rebuild-like direction, it’s understandable that the Canucks would want to devote some of its cap space to rewarding hard-working players who have proven to be developmental success stories for the organization. Sasson has been exactly that, and this solid contract extension is his reward for his steady growth over the last few years.
Photos courtesy of Charles LeClaire-Imagn Images
These Pending UFAs Have Increased Their Stock
The 2026 UFA class had been highly anticipated for quite some time free agency even opened this year. That excitement only grew through July and August as many potential UFAs didn’t sign extensions with their current clubs. However, that feeling was quickly dampened in the fall as players like Kirill Kaprizov, Connor McDavid, and Jack Eichel began signing new contracts, taking the energy out of the 2026 free-agent frenzy. While many stars have signed new deals, a noticeable group of talented players is still set to hit the open market on July 1, 2026, with some having significantly boosted their stock after a strong start to the season.
Jack Roslovic has encountered two difficult situations in the UFA market, with the first ending in him signing a one-year, $2.8MM deal with the Carolina Hurricanes in 2024. His second attempt this past summer saw him join the Oilers for one year at $1.5MM. This year’s outcome was quite unexpected, given that Roslovic played well last season with 22 goals for Carolina, yet a multi-year deal that suited him never materialized. Roslovic was not alone this summer; defenseman Matt Grzelcyk also couldn’t secure a multi-year contract that met his expectations, despite having a career-best season last year in Pittsburgh.
This summer, however, Roslovic seems to be positioning himself for a multi-year deal that has eluded him. Injuries could affect his market value, but through 23 games in Edmonton this season, the 28-year-old has scored 10 goals and added eight assists. He’s also averaging over three more minutes of ice time per game compared to his career average. These impressive stats could spark a bidding war for his services if he stays healthy and maintains his current level of performance for the remainder of the season.
Nick Schmaltz is another forward whose performance this season has increased his value. The 29-year-old has 30 points (12 goals and 18 assists) in 34 games, and he will likely exceed his current $5.85MM cap hit when he signs his next contract next summer. Schmaltz’s impending free agency puts the Utah Mammoth in a tough spot, as Schmaltz has recorded back-to-back 60+ point seasons and is on track to do so again, which could raise his next cap hit to around $9MM annually.
The Mammoth might not want to commit to that kind of deal for Schmaltz, which means they will either trade him before the trade deadline or let him walk for nothing at the end of the year. Utah reportedly held trade talks for Schmaltz last summer, and it doesn’t seem likely that a deal will be finalized soon, meaning Schmaltz might enter the open market at the best possible time.
Another forward whose future remains uncertain is Alex Tuch of the Buffalo Sabres. Tuch has scored 11 goals and 17 assists in 31 games and initiated contract talks at the beginning of the season, which puts the Sabres in a difficult position. The Sabres find themselves in a familiar spot at the bottom of the standings, and while Tuch has done his part, the team appears to be heading nowhere. If Tuch continues at his current pace, his value will only increase, which might be what the Sabres want if they plan to trade the Syracuse, New York native.
Two veterans nearing the end of their careers are Evgeni Malkin of the Pittsburgh Penguins and Artemi Panarin of the New York Rangers. Both entered this season with significant questions about their futures, and so far they’ve performed well, raising even more questions about what lies ahead for them.
Evgeni Malkin seems to have no interest in playing anywhere in the NHL other than Pittsburgh. This could lead to some interesting contract negotiations after the season if he maintains his current level of play. Malkin is in the final season of a four-year, $24.4MM contract he signed in the summer of 2022. Many believed last summer that the 2025-26 season could be Malkin’s last in the NHL and possibly his final season as a player at all. However, with the 39-year-old experiencing a significant resurgence this season with eight goals and 21 assists in 26 games, there’s a chance he continues playing, especially if Pittsburgh remains competitive and has a role for him moving forward. Nobody could have predicted that the Penguins would start the season as they have. With more young players emerging and an incredible amount of cap space next summer, the short-term future for Pittsburgh actually looks quite promising. It seemed unlikely that Malkin would receive a contract offer from Pittsburgh next summer, but now it seems like a real possibility he returns, assuming he can maintain his current work rate.
For Panarin, it’s not so much his play this season that has raised his profile, but rather the better options being taken off the table next summer. With many of the top pending UFAs now tied up in extensions, Panarin has risen on the list as one of the best offensive options available. The 34-year-old, for his part, remains a point-per-game player with 11 goals and 22 assists in 33 games, which should attract a healthy market despite his age by NHL standards. AFP Analytics is projecting a four-year, $41MM deal for Panarin, which, considering market conditions and his performance, looks pretty feasible.
On defense, arguably the top available player is Rasmus Andersson of the Calgary Flames. Andersson had a tough year last season but has bounced back in 2025-26, which should give him a strong market if and when he hits free agency. The Flames have started poorly this year, opening up the possibility that Andersson becomes a key trade piece before the NHL Trade Deadline, giving him a chance to play meaningful hockey in the spring if he joins a contender. The 29-year-old has been used in more defensive roles this season but has still managed 22 points in 33 games, after recording just 31 points in 81 games last season. If Andersson maintains this offensive level, his cap hit could rise closer to $9MM a season on his next contract, likely the last major deal of his career. Some teams might hesitate because of his less successful past seasons, but for now, Andersson is hitting his stride at just the right moment.
A couple of honorable mentions to round things out include forwards Victor Olofsson, Jaden Schwartz, and Kiefer Sherwood. Olofsson signed his second straight one-year “prove it” contract this summer, signing with the Colorado Avalanche for a $1.575MM AAV. Since then, Olofsson has been a steady performer for the Avalanche, recording seven goals and 12 assists in 32 games. AFP Analytics projects a three-year deal at $3.41MM per year, which would be a nice bump for the 30-year-old.
A year ago, Schwartz looked like a player who would need to accept a significant pay cut when his current contract ends. The 33-year-old is currently earning a $5.5MM AAV in the final year of a five-year deal. After scoring 49 points last season, Schwartz is on pace for a 65-point season this year, which would be a career best. Considering that level of production, AFP is predicting a two-year deal worth just under $10.8MM, which would be a slight decrease from his next contract but not the huge drop expected a year ago.
Sherwood has become a bit of a goal scorer since joining the Vancouver Canucks in the summer of 2024 as a free agent. He is on track to surpass 20 goals for the first time in his NHL career (after posting 19 a year ago), and the timing could not be better since he is expected to hit the open market next summer. His lack of long-term NHL experience may somewhat limit Sherwood’s market value, as he was a late bloomer, becoming a full-time NHLer at the age of 28. He has just one season with more than thirty points (last year), but if he can do that again, he should still attract a team willing to offer a multi-year deal at an AAV that might surprise some people.
Latest On Quinn Hughes Trade Aftermath
As the dust begins to settle from Friday’s Quinn Hughes trade, an era-defining transaction for two NHL franchises, more and more information is being reported regarding the circumstances that led up to the deal.
Minnesota Wild GM Bill Guerin addressed the media yesterday regarding the trade, and revealed a few things about how it all came together. He said that he took a direct, aggressive approach in negotiations with the Canucks, stating “we had to go to them with something real, right away, to tell them that we’re serious,” and adding that the eventual package the Wild sent to the Canucks was the first offer Guerin made.
That bit of information sheds some light on the Wild’s overall strategy regarding their path to contention. Guerin’s willingness to part with key future pieces such as Zeev Buium to acquire Hughes, who has less than two years of team control remaining, indicates that the club sees itself as a legitimate Stanley Cup contender within that period.
Of course, the simple fact that they acquired Hughes sends that signal as well, but it’s also notable that the Wild did not hesitate to include players such as Buium in their initial trade offer to the Canucks.
From the Canucks’ perspective, it’s easy to see why the Wild were able to push through the other bidders for Hughes’ services and get a deal done.
It’s been reported (by The Athletic’s Pierre LeBrun) that other clubs, such as the Philadelphia Flyers, didn’t feel willing to surrender the caliber of assets the Wild were willing to part with, like a high-upside young player who is either NHL-ready or nearly NHL ready. The Wild were in a unique position where they were able to offer key players who brought a rare combination of youth, upside, NHL-readiness, and positional value.
Buium is a supremely intelligent defenseman who could very well quarterback the Canucks’ top power play unit in short order. Marco Rossi is a center who has a 60-point season on his record and hasn’t turned 25 yet. In a trade market where it’s extremely difficult to acquire centers, let alone young, productive ones, that’s a major piece. And then the willingness to add a player like Liam Ohgren into the deal, someone who has preexisting chemistry with key Canucks youngster Jonathan Lekkerimaki, is something that likely pushed the Wild even further in the Canucks’ eyes.
It’s extraordinarily difficult to “win” a trade where your franchise is parting with a player of Hughes’ caliber. The Wild’s initial offer was strong enough that it, at the very least, gave the Canucks a fighting chance given the key factor of Hughes’ limited team control.
LeBrun also revealed a few other teams that were involved in the race to acquire Hughes. He reported that the New Jersey Devils, Detroit Red Wings, and New York Rangers “made legitimate offers” for Hughes, while the Buffalo Sabres and Carolina Hurricanes “showed interest.”
LeBrun also added that “despite rumors to the contrary,” the Washington Capitals “were never real players” to acquire Hughes and cited the organization’s unwillingness to part with a player such as Cole Hutson as a key reason for their reluctance. Hutson is the younger brother of 2024-25 Calder Trophy winner Lane Hutson and has 20 points in 17 games this season at Boston University.
Looking at the deal from a different angle, Canucks head coach Adam Foote also spoke to the media yesterday and addressed an aspect of Hughes’ departure that could be key to the Canucks’ off-ice player dynamics. Per The Athletic’s Thomas Drance, Foote said that he hasn’t had an opportunity to speak with the club’s senior hockey operations leaders about naming a new captain, but added that defenseman Filip Hronek will be an alternate captain in the meantime.
The Canucks’ current alternate captains, besides Hronek, are Brock Boeser, Elias Pettersson, and Tyler Myers. The fact that Myers is now 35 and has just one year remaining beyond this one on his contract lowers the odds that he’d be a long-term solution as a captain, but both Boeser and Pettersson are in their late-twenties and under contract through 2031-32, making them more logical candidates for such a role, though it is also possible that the next Canucks captain is not currently on their roster.
Photos courtesy of Nick Wosika-Imagn Images
Vancouver Canucks Activate Marco Rossi
The Vancouver Canucks announced this morning that center Marco Rossi has been activated off of injured reserve. In a corresponding move, the club placed center Elias Pettersson on IR, retroactive to Dec. 5.
Rossi has not played since Nov. 11, when his former team, the Minnesota Wild, took on the San Jose Sharks. The Austrian center, who turned 24 in September, was a major piece of the return package the Canucks received as part of Friday’s stunning Quinn Hughes trade.
He had scored 13 points in 17 games before suffering a lower-body injury against the Sharks. Rossi participated in Canucks practice yesterday in Newark, and now appears poised to dress for the team’s matinee contest today against the New Jersey Devils.
It seems Rossi will begin his time as a Canuck playing a major role in head coach Adam Foote’s lineup. The Athletic’s Thomas Drance indicated yesterday that Rossi will begin his tenure as the Canucks’ first-line center, skating in between veteran wingers Jake DeBrusk and Brock Boeser. That’s not a role he is entirely unfamiliar with, as he was tested in a similar role at times during his tenure with the Wild.
For much of their existence as a franchise, the Wild have struggled to source top-six offensive centers, pivots capable of scoring at a high rate. While that specific type of player is notoriously difficult for NHL teams to acquire, Rossi has joined a team with one such player already on the roster.
Pettersson, who scored 102 points in 2022-23, has been the key center in Vancouver since winning the Calder trophy in 2018-19. Pettersson has been out since Dec. 5 with an upper-body injury, and has missed three games so far.
When everyone is healthy and playing at their best, the addition of Rossi gives the Canucks an enviable level of depth down the middle. With Pettersson as the first-line center, Rossi anchoring the second line, and Filip Chytil running the third line, the Canucks have a trio of first-round picks at center to form the backbone of its forward corps.
But unfortunately for the Canucks, injuries and inconsistency have clouded that picture considerably. Pettersson hasn’t looked like the Pettersson that scored 102 points and emerged as one of the game’s dominant young centers for more than a year now. Chytil, despite his evident talent, has struggled with persistent injury issues and is once again sidelined with an upper-body injury.
That leaves Rossi, at the moment, the only pivot of that trio healthy and set to play for the Canucks. As the club continues to push forward in its rebuilding process, the health and performance of its three key young centers (as well as the continued growth of 23-year-old Aatu Raty) will be a key story line to track in Vancouver.
Elias Pettersson Out, Marco Rossi Could Make Canucks Debut
The whirlwind around the Vancouver Canucks will continue into Sunday’s game against the New Jersey Devils. Vancouver will be without their star forward Elias Pettersson, but could return Marco Rossi back from injury, per Thomas Drance of The Athletic. Rossi has missed over a month of action with a lower-body injury. He has been considered as day-to-day over the last week and could now get the chance to make his Canucks debut in the first possible opportunity.
Rossi should be a major addition to a Vancouver side that’s struggled to fill their top-center role all season long. He scored 13 points in 17 games with the Wild to start the season, and is coming off a career year with 24 goals and 60 points last season. He was a fringe top-line center to start the year, rotating with Joel Eriksson Ek for minutes. That’s a standing he earned in the latter half of last season, when injuries to Eriksson Ek and Ryan Hartman pushed Rossi into a premier role. He hung onto it, despite a playoff series with minimal usage, and now has a chance to grow into a much larger role for Vancouver. The 24 year old scored 49 goals and 114 points in 202 games, and five seasons, in Minnesota.
Even with that production, Rossi could face an immediate challenge stepping in for Pettersson, who hasn’t played in over a week due to an upper-body injury. Pettersson has continued to serve as Vancouver’s top forward. He led the offense in average ice time (20:37) prior to injury and continues to lead the forwards in points (22). Vancouver has struggled in his absence, with only six goals in their last three games – tied for third-worst in the league over the last week.
With a return from injury and recent move weighing him down, Rossi likely won’t be the one to relight Vancouver’s offense out of the gates. His return will be a great indication of what Vancouver will have to offer on the heels of a historic trade. They acquired three young and promising pros and could slot two of them – Rossi and defenseman Zeev Buium – into top-line roles right away. How they’re able to perform under the pressure of a losing season could go far in forecasting Vancouver’s next era, now shaped around three former Minnesota Wild, Pettersson, and inevitably high draft capital.
Canucks Place Lukas Reichel On Waivers
As a result of yesterday’s blockbuster trade with the Wild, the Canucks had some roster juggling to do after bringing in three players and only sending one out with only one roster spot available. They dealt with one of the extra slots by putting Marco Rossi on their injured reserve. But one player had to come off the roster and it will be winger Lukas Reichel, who will be placed on waivers at 1 PM CT, reports Rick Dhaliwal of CHEK and The Athletic (Twitter link).
Jeff Paterson of Canucks Army relayed (Twitter link) earlier today that Reichel had been removed from Vancouver’s active roster. Players can be waived with non-roster status and that’s clearly the move that the Canucks have made to get back to compliance.
This was not the plan for Vancouver when they moved a 2027 fourth-round pick to Chicago to acquire him back in October. Reichel had gotten off to a good start with four points in five games before the swap but had fallen down the depth chart, resulting in the Blackhawks giving him a fresh start elsewhere.
Reichel played big minutes upon being acquired, even spending time at center with Vancouver’s injury issues at that position. But the production simply hasn’t materialized as he has just one assist in 14 games following the swap. Meanwhile, his role diminished to the point where he has only played once in the last ten games. Over his career, Reichel has 22 goals and 37 assists in 188 NHL appearances.
The 23-year-old was a first-round pick by Chicago back in 2020, going 17th overall. He’s in the second and final season of a two-year, $2.4MM pact and will be owed a $1.3MM qualifying offer with arbitration rights to become an unrestricted free agent. Based on how things are going, it seems likely that he’s heading towards a non-tender.
That said, players with first-round pedigree often get multiple opportunities so it’s not impossible to think that a team might be interested in taking a flyer on Reichel by 1 PM CT on Sunday, hoping that a different fresh start could get him going offensively. If not and he goes through unclaimed, Vancouver will ultimately clear $1.15MM of his $1.2MM cap charge off the books by assigning him to AHL Abbotsford which would allow them to get out of using LTIR and allow them to start banking salary cap room again.
Poll: Which Team Won The Quinn Hughes Trade?
Last night, the Minnesota Wild and Vancouver Canucks got together on the biggest trade of the season and of recent memory. Rivaled only by the three-way trade that sent Mikko Rantanen to the Carolina Hurricanes and Martin Necas to the Colorado Avalanche, the Canucks moved former Norris Trophy-winning defenseman Quinn Hughes to the ’State of Hockey’.
It’s easy to assess what the Wild gained in this trade. They’ve landed arguably one of the top three defensemen in the NHL, rivaled only by Avalanche Cale Makar and Blue Jacket Zach Werenski.
Outside of some mild injury concerns, Hughes has been dominant on a largely non-competitive team. Despite putting up some solid production through his first three seasons, he’s been dominant for the last five, scoring 50 goals and 335 points in 330 games while averaging 25:59 of ice time per night.
Unfortunately, and likely one of the motivating factors for moving on in Hughes’ eyes — the Canucks have only qualified for the playoffs twice throughout his career, with things again looking bleak this season. Although they aren’t considered in the same echelon as the Avalanche or Dallas Stars, potentially not even after this trade, the Wild have only missed the playoffs twice throughout Hughes’ career.
Still, as mentioned, Minnesota is lining up to play one of Colorado or Dallas in the first round of the 2026 Stanley Cup playoffs if they don’t fall to a wild-card spot, which may be more advantageous to them. Even though they’ve made the postseason more often than not over the last decade, the Wild haven’t reached the second round since the 2015 postseason. Time will tell if adding a player of Hughes’ caliber will be the answer to getting them over the hump.
For Vancouver, the Canucks effectively added four first-round picks for their franchise player. Marco Rossi, 24, is the oldest of the group, having been selected with the 9th overall pick in the 2020 NHL Draft. Liam Ohgren, 21, and Zeev Buium, 20, were drafted in the first round of the 2022 and 2024 NHL Drafts, respectively.
Rossi will immediately become the Canucks second-line center and will likely push Filip Chytil to a third-line role once he returns from injury. Over the last two years, Rossi has scored 28 goals and 73 points in 99 games while averaging a 47.1% success rate in the dot.
Still, Rossi isn’t far removed from a more-than-disappointing playoff performance last season. Scoring two goals and three points in six games, the Wild infamously demoted Rossi to the team’s fourth line as early as Game 2 in the team’s matchup last spring against the Vegas Golden Knights.
Meanwhile, Buium, the former National Champion with the University of Denver Pioneers, is enjoying a solid rookie campaign. Before the trade to Vancouver, Buium had scored three goals and 14 points in 31 games, averaging 18:28 of ice time per night. Despite starting 51.5% of his shifts in the offensive zone, he had averaged a 91.5% on-ice save percentage at even strength. He doesn’t project to have a similar offensive ceiling as Hughes, though he may end up being somewhat better defensively.
Lastly, Ohgren has yet to break out in any meaningful way with the Wild and may benefit from more ice time in Vancouver. Largely limited to a bottom-six role, the Swede has tallied two goals and five points in 42 games over the past two years, averaging 10:26 of ice time. However, if his AHL performance is any indication of things to come, the young center has tallied 22 goals and 42 points in his last 50 games with the struggling Iowa Wild.
Many of the grades of this trade will hinge on a few things. If Hughes signs a long-term extension with Minnesota this summer, or helps the team win its first Stanley Cup in franchise history, it will make the return haul a far easier pill to swallow. For Vancouver, if Hughes was unwilling to resign and doesn’t with Minnesota either, the trade will make a ton of sense in the long term, especially if each player reaches their respective ceiling.
Now it’s time for you to vote — who do you think came out on top?
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Wild Acquire Quinn Hughes
The Quinn Hughes trade rumor mill has come to an end. The Wild have acquired the blueliner from the Canucks in exchange for center Marco Rossi, defenseman Zeev Buium, winger Liam Ohgren, and a 2026 first-round pick. Both teams have announced the swap.
Dating back to the offseason, there had been speculation that a trade involving Hughes could happen at some point. The blueliner had talked about liking the idea of one day playing with his brothers, something Canucks president Jim Rutherford also referenced. To that end, the Devils were believed to have had discussions about the idea of making a move for him with those discussions resurfacing this week amid talks with several other suitors.
Minnesota was not among those known suitors but they have won the sweepstakes for Hughes, making a significant addition to their back end. The 26-year-old has been one of the top-scoring defensemen in the NHL in recent years and is only two seasons removed from winning the Norris Trophy as the NHL’s top blueliner while finishing third in voting for the award last season.
This season, Hughes has played in 26 games with Vancouver, picking up two goals and 21 assists while logging a career-high 27:26 of ice time per night. For his career, he checks in at just below the point-per-game mark with 61 goals and 371 helpers in 459 regular season games. He has produced at a similar rate in the postseason, notching two goals and 24 assists in 30 playoff contests from the Canucks’ playoff appearances in 2020 and 2024.
It’s an understatement to say that adding Hughes will be a significant addition to Minnesota’s back end. The team has leaned heavily on Brock Faber in the early going this season with veterans Jonas Brodin and Jared Spurgeon also logging over 20 minutes a night. That’s a solid foundation but a group that was lacking a legitimate number one defender. That’s now no longer the case with Hughes sliding in as that missing piece with Jacob Middleton (when healthy) also serving as a top-four-caliber piece.
Hughes has two seasons remaining on his contract with a team-friendly $7.85MM AAV. It’s plausible that he could double that when his contract expires and have a chance to be the highest-paid defenseman in the NHL. Interestingly enough, he’s going to a team that employs the highest-paid player in NHL history as of next season in winger Kirill Kaprizov.
Clearly, GM Bill Guerin, who is also the GM for Team USA at the upcoming Olympics, feels he will be able to make a strong pitch for Hughes to stick around for the long haul, even if it requires another record-setting contract to do so. Hughes will be eligible to sign a contract extension as of July 1st although Minnesota has received no assurances that he’ll do so, according to The Athletic’s Michael Russo (Twitter link). Notably, with new CBA restrictions on term and bonus structure kicking in next September, Minnesota will have about a 10-week window to try to lock Hughes up to an eight-year extension before the maximum length of a deal drops to seven seasons.
The Wild currently sit in third place in a hotly contested Central Division. They’re behind Colorado and Dallas, the top two teams in the NHL by a considerable margin while Winnipeg, who won the Presidents’ Trophy last season, is also in their division as well, though languishing as of late. With this move, an already difficult division gets a lot more difficult but the opportunity to add an elite defender to his group is an opportunity that Guerin clearly couldn’t pass up.
As for Vancouver, this is a situation they clearly didn’t want to be in on multiple fronts. For starters, the recent trade speculation was hardly ideal and it was recently acknowledged that it was a discussion point in the dressing room. Meanwhile, their preference certainly would have been to try to lock him up long-term but TSN’s Darren Dreger reports (Twitter link) that they’ve known for a while that he wouldn’t do so. However, considering that the Canucks sit dead last in the NHL standings with just 25 points in 31 games and are coming off missing the playoffs last season, a retool of some sorts was going to be on the horizon. Taking a step back would have lowered the chances of Hughes re-signing while moving him allowed for the potential to kick-start that roster restructuring.
There’s a strong case to make that Rutherford and GM Patrik Allvin have accomplished that with this trade. For starters, they bring in a highly-touted young defender in Buium who they hope can be an impact piece right away, particularly on the offensive front.
The 20-year-old was the 12th overall pick by Minnesota not even a year and a half ago. He signed his entry-level contract at the end of his college season back in April and made his NHL debut in the playoffs, picking up an assist in four games. Buium has been a regular on the back end for the Wild this year, playing in 31 games where he has put up three goals and 11 assists in 18:28 of playing time per game. He should have a chance to play a little higher on the depth chart with the Canucks with a regular spot in the top four behind Filip Hronek, Marcus Pettersson, and Tyler Myers being a legitimate possibility. With a longer-term lens, he could be a potential long-term partner with fellow rookie Tom Willander.
Buium is signed on his entry-level contract through the 2026-27 campaign with a cap hit of $967K plus an additional $1MM in potential ’A’ bonuses in each year. If he progresses as expected, his second contract could wind up eclipsing what Hughes is making now while giving them a foundational blueliner, albeit not a franchise one like Hughes is. Buium is under team control through the 2032-33 season.
As for Rossi, he helps fill a need that the Canucks have had for quite some time as a legitimate second-line center to play behind Elias Pettersson. J.T. Miller and Bo Horvat were on the roster is past years but both were ultimately moved out and with due respect to Filip Chytil who can be a quality player when healthy, Vancouver lost a lot of impact depth down the middle with those swaps. Rossi isn’t at the level of Miller or Horvat but he will be a substantial upgrade on their current depth options, a group headlined by recent UFA signing David Kampf.
The 24-year-old was the ninth pick back in the 2020 draft class. Rossi battled myocarditis not long after being selected which stalled his development although he bounced back without any long-term concerns. He had a solid showing in 2023-24 with 40 points in 82 games and then was considerably more productive last season, tallying 24 goals and 36 assists in 82 regular season games while playing over 18 minutes per night. However, his ice time dropped in the playoffs to just 11 minutes per game and he remained a subject of consistent trade speculation throughout the summer with the two sides well apart on contract talks for a considerable amount of time.
Eventually, the parties worked out a three-year, $15MM bridge deal in late August. He will remain under team control at its expiration for one more year but will be owed a $6MM qualifying offer with salary arbitration rights. Meanwhile, Rossi has produced at a similar level this season, picking up four goals and nine assists in 17 games. However, he has missed the last four weeks with a lower-body injury although he took part in Minnesota’s morning skate on Thursday which suggests he’s getting closer to returning. With Pettersson out of the lineup himself, it’s possible that Rossi could jump right into a top-line role depending on when he returns. He and Braeden Cootes – a 2025 first-round pick – now give Vancouver some much-needed longer-term stability behind Pettersson down the middle.
As for Ohgren, he’s an intriguing addition to this swap. The 21-year-old was a first-round pick by the Wild in 2022, going 19th overall. However, his development hasn’t gone quite as planned to this point.
Ohgren had his first full season in North America in 2024-25 and was quite productive with AHL Iowa, amassing 19 goals and 18 assists in 41 games, more than solid production for a rookie. But while that yielded some opportunities with Minnesota, he wasn’t able to produce very much, being limited to just two goals and three assists in 24 games. This season, he’s still looking for his first point after being held off the scoresheet in his first 18 outings while logging just 9:32 per night. Ohgren briefly saw some action with Iowa as well, notching two goals and three helpers in nine games.
That made Ohgren a legitimate change-of-scenery candidate. He should have an opportunity to play a little higher up the depth chart at some point with Vancouver and if he can turn into a productive secondary scorer, he’s someone who can be a useful piece for them for a while. In the second season of his entry-level deal, Ohgren has a cap hit of $887K along with $500K in ’A’ bonuses per year. He’s under club control through the 2030-31 campaign.
Between these players and a first-round pick, Vancouver has added what they hope will be several core players to help them down the road. If all goes well, it will result in them taking a step back to take a couple of steps forward down the road.
From a salary cap perspective, Rick Dhaliwal of CHEK and The Athletic mentions (Twitter link) that there is no salary cap retention on any players in the swap. PuckPedia notes that the Wild are adding a net cap charge of just under $997K over a full season. Using their numbers, that means that Minnesota is now projected to finish the year around $2.1MM below the cap ceiling, meaning that Guerin still has some financial flexibility to try to add to his roster later in the year. Meanwhile, Vancouver is still operating in LTIR although they should be able to dip below that threshold before too long, allowing them to bank some cap space to put toward some of the bonuses for their entry-level players.
Sportsnet’s Elliotte Friedman was the first to report that Hughes was being traded to the Wild. Dreger was the first with the full trade return.
Photos courtesy of Sergei Belski and Nick Wosika-Imagn Images.
Canucks Activate Thatcher Demko
Dec. 11: The Canucks formally announced Demko’s activation. Nikita Tolopilo was returned to AHL Abbotsford in the corresponding move. The 25-year-old Belarusian ends his recent string of call-ups with a 2-1-0 record in four appearances, posting a promising .911 SV% and 2.74 GAA.
Dec. 9: The Canucks are likely to have starting goaltender Thatcher Demko back in the crease when they host the Sabres on Thursday, head coach Adam Foote told reporters following last night’s game (including Brendan Batchelor of Sportsnet 950).
Demko’s return will come several days past his initial target date. The oft-injured starter sustained a lower-body injury against the Jets on Nov. 11, leaving the game after the first period. It’s believed to be a groin issue, unrelated to the knee issues that cost him a significant chunk of the 2024 calendar year. He was listed as week-to-week but was expected to be back in the lineup by the end of November.
While that didn’t happen, a late return is better than no return at all. Demko looked like his old self before landing on IR. His .903 SV% and 2.80 GAA in 10 starts don’t jump off the page, but they should when put in the context of Vancouver allowing a league-high 3.75 expected goals against per 60 minutes at all situations, per MoneyPuck. Demko has saved 6.3 goals above expected, and his save percentage is 25 points better than what high-workload backup option Kevin Lankinen has put on offer.
With an 11-16-3 record and seemingly unsolvable defensive warts, playoffs are all but out of the question in Vancouver this season. Getting Demko back should at least stop the bleeding, as the team now deals with offensive woes, scoring only 1.50 goals per game since Thanksgiving.
Demko’s early resurgence was significant in proving Vancouver didn’t significantly err by giving him a relatively rich three-year extension this summer. Kicking in next year, the deal carries a cap hit of $8.5MM and boasts a full no-movement clause. If Demko were to keep that level of play up and were open to a move if the Canucks engage in a complete teardown, that cap hit wouldn’t be prohibitive in trade talks.