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Alex Pietrangelo Expected To Miss 2025-26 Season

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Monday: The Golden Knights have released statements from Pietrangelo and GM Kelly McCrimmon.  While stopping short of announcing it officially, it would appear as if Pietrangelo’s playing days may very well be over.

Pietrangelo:

The past few years have been very challenging on my physical well-being, and I am in a difficult position with my overall playing health. After exploring options with doctors as well as my family, it’s been advised to remove the intensity of hockey to see if my body can improve so that I can return to a normal quality of life. This decision has been difficult to come to terms with after the last 17 years of competition and the camaraderie with my teammates and coaches. The likelihood is low that my body will recover to the standard required to play, but I know this is the right decision for me and my family.

McCrimmon:

Alex has our organization’s full support in prioritizing his long-term health and quality of life. Alex is dealing with hips that would require bilateral femur reconstruction, with no guarantee of success. Throughout the season, the steps that Alex needed to take to be able to play and practice began to grow and take a significant toll on his body. Our hope in February during the NHL’s break for the 4 Nations Face-Off was to give Alex treatment and rest to help provide relief, but instead, what we found were diminished positive results and a process that is no longer sustainable moving forward. Alex has given everything to the game and to the Golden Knights and has played through significant challenges in the pursuit of trying to win another Stanley Cup in Vegas. He is one of the most respected players in the league, not only for his elite talent but for his character, leadership, competitiveness, and professionalism. Today’s decision is a difficult one for both Alex and the Golden Knights, but it is being made for the right reasons – so that Alex can be the family man we all know him to be.

Sunday: After weeks of speculation, it’s looking more like Golden Knights defenseman Alex Pietrangelo won’t be available next season. He’s in line for “multiple major surgeries” this offseason that will go so far as to jeopardize his career, David Pagnotta of The Fourth Period reports.

The news comes just days after general manager Kelly McCrimmon spoke after the draft on Pietrangelo’s future. When asked whether or not Pietrangelo would be healthy enough to play next season, McCrimmon said it was something that still needed to be sorted out.

“We’re going to know more on that in the coming days. Alex and I have had a number of discussions. There are a number of decisions that need to be made. When I spoke earlier about having a number of things that need clarity, that would be one of them,” he said.

As rumors continue to intensify linking pending free agent Mitch Marner with the Golden Knights, Vegas now seemingly also faces the challenge of replacing Pietrangelo’s leadership and production. But moving Pietrangelo to long-term injured reserve before the start of free agency may free up the space the team needs to sign Marner, as outlined by Danny Webster of Las Vegas Review-Journal. Pietrangelo has two years remaining on his $8.8MM AAV deal, and the Knights currently have just $5.615MM in cap space, per PuckPedia.

Pietrangelo, 35, appeared in 71 games for the Golden Knights last season, posting four goals, 33 points, and a plus-11 rating. While he missed 11 games on the year and opted out of the Four Nations Faceoff due to injury, Pietrangelo averaged over 22:24 of ice time per game on the year, showcasing his ability to log meaningful minutes when healthy. The two-time Stanley Cup winner has produced 637 points throughout his 17-year career.

PHR’s Paul Griser contributed significantly to this article.

Predators Acquire, Extend Nicolas Hague

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June 30: Both clubs have made the trade official. The Predators announced they’ve retained half of Sissons’ salary, opening up an additional $1.43MM in cap space for the Knights. Vegas is also sending its 2027 third-round pick to Nashville, although it can upgrade to their second-round choice if the Knights win at least two rounds in the 2026 Stanley Cup Playoffs.

June 29: The Nashville Predators have acquired Nicolas Hague from the Vegas Golden Knights and signed the defenseman to a four-year, $22MM contract extension, per Sportsnet’s Elliotte Friedman. In return, the Golden Knights will receive forward Colton Sissons and defender Jeremy Lauzon, per TSN’s Darren Dreger. Hague was set to become a restricted free agent on Tuesday, but will now carry a $5.5MM cap hit for the Preds. Lauzon and Sissons each have one year remaining on their contracts.

While it’s no surprise to see Hague traded, the destination isn’t expected. Nashville wasn’t one of the few clubs linked to Hague’s services earlier this month, and Hague’s name was then tossed into speculation for his potential involvement in a Mitch Marner sign-and-trade with the Maple Leafs. That Marner deal may still happen, but Hague’s rights won’t be a part of it.

Hague, while an effective piece for the Knights since they drafted him in the second round in 2017, has been deployed almost exclusively on their third pairing. He’s been good while doing it, posting 83 points and a +20 rating in 364 career games while averaging 17:33 per night, but his market value exceeded what Vegas was going to be able or willing to pay him on a new contract this summer, especially with Noah Hanifin and Brayden McNabb ahead of him on the left side.

It didn’t help matters that the Kitchener, Ontario, native is coming off something of a down year in 2024-25. His 12 points in 68 games weren’t too far south of his career average pace. It’s his career-worst possession numbers that caused concern. Hague posted a relative Corsi share of -4.9% at even strength as well as a career-low 48.3 xGF%, and there wasn’t an increase in difficulty in his minutes to explain it. He received an even 50/50 split of offensive and defensive zone starts at 5-on-5 and even saw a lower workload than usual at 17 minutes per game.

That makes Nashville’s steep commitment to the 26-year-old a risky one. A similarly-sized lefty in Kevin Bahl just received an extension at a $5.35MM cap hit from the Flames after a platform year in which he averaged north of 21 minutes per game, provided more offense, and had comparable possession impacts. He’s a year younger than Hague and received a six-year term. It makes it even more of a confusing fit when considering Hague will presumably slot in as Nashville’s No. 3 lefty as well, with Roman Josi and Brady Skjei ahead of him.

There’s now an added logjam amid left-shot depth defenders in Nashville. Andreas Englund is under contract on a one-way deal for 2025-26 and will presumably serve as a healthy extra when everyone is available. Where does that leave waiver-eligible players on two-way deals like veteran Jordan Oesterle or, far more importantly, 24-year-old Adam Wilsby, who showed solid defensive upside in a 23-game call-up last year while averaging over 18 minutes per game?

That’s the question general manager Barry Trotz will need to answer in the coming months before training camp opens. Meanwhile, Vegas immediately addresses the need for a Hague replacement in Lauzon, who fills the role for a price tag that’s $3.5MM cheaper than what Hague ended up signing for. The 28-year-old is less of an adept two-way defender than Hague but is among the most physical rearguards in the league, recording 987 hits in 240 games over the last four seasons.

Last season was a tough one for Lauzon, though. He now enters the final season of his contract after missing most of 2024-25 with a lower-body injury. He recorded one assist, a minus-four rating, and 127 hits in 28 games while averaging 17:58 per night before being shut down in January. While it’s a slight downgrade at the position for the Knights, Lauzon not only costs far less than what Hague was going to make, he also costs less than what Hague made on his expiring contract by $294K.

Not to be overlooked is Sissons, whose 13-year run in the Predators organization ends with this trade. The 31-year-old was a second-round pick in 2012 and has since grown into a quintessential middle-six checking center, ranking seventh in Predators franchise history with 690 games played. Nonetheless, he’s moved out as he enters the final season of the seven-year, $20MM contract he signed as a restricted free agent in 2019.

Sissons is also coming off something of a down year, limited to seven goals and 21 points in 72 showings in 2024-25 after back-to-back 30-point seasons. He also saw a reduction in ice time as well, going from well north of 16 minutes per game in 2023-24 to 14:22 nightly in 2024-25. He’ll get moved out as the Preds look to make more room in their lineup for their younger forwards, 2021 first-rounder Fedor Svechkov chief among them as he looks to serve as a direct replacement for Sissons in the top nine, particularly after the club also brought in center Erik Haula from the Devils earlier this month.

He’ll now serve as bottom-six depth for Vegas, a particularly necessary pickup if Nicolas Roy is moved to Toronto in the Marner sign-and-trade as rumored. That would save Vegas about $140K in cap space at the position – not much, but something for a team for which every cent counts.

As for Vegas, they’re now officially up against it cap-wise after taking on Lauzon and Sissons in this deal. They have a “full roster” at 21 of 23 players with roughly $750K in space, per PuckPedia. That projection has defenseman Alex Pietrangelo on standard injured reserve instead of LTIR, though. He’s now likely to miss the entire campaign, which would give them an additional $8.8MM in spending flexibility if his LTIR placement is executed perfectly. That, plus dealing Roy to Toronto, would leave Vegas with closer to $12.5MM in cap space – potentially enough to accommodate a Marner extension.

PHR’s Josh Erickson contributed significantly to this article.

Images courtesy of Brett Holmes-Imagn Images (Hague) and Steve Roberts-Imagn Images (Sissons).

Maple Leafs Could File For Tampering If Mitch Marner Signs With Golden Knights

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The Toronto Maple Leafs are just days away from a separation with their superstar right-winger Mitch Marner. Signs have pointed towards Marner testing the free agent market for the bulk of the regular season – but official word of the split came via Chris Johnston of The Athletic in mid-May. It’s been a scramble in the five weeks since, with multiple teams pushing their way into the sweepstakes for a 100-point winger. As usual in big-end moves, the Vegas Golden Knights have made themselves front-and-center in discussions – and even gone as far as discussing a trade to acquire Marner’s negotiation rights. But draft day rumors have revealed that, should Vegas sign Marner right away on July 1st without a trade, the Maple Leafs are prepared to file a tampering charge against the Golden Knights, per Sportsnet’s Elliotte Friedman on the latest 32 Thoughts Podcast.

Friedman emphasized repeatedly that despite these rumors, there is no present evidence of any tampering in Vegas. He also added that charges of tampering would likely go away should the two sides complete a trade before July. But teams are recently acutely sensitive to evidence of tampering, and Friedman adds that the NHL has recently been eyeing opportunities to set examples of how player rights should be managed and respected.

Tampering has been a hot topic in the NHL over the last year. The NHL included a reminder of tampering rules in the 2024-25 season’s first round of GM meetings in November. Specifically, Deputy Commissioner Bill Daly reiterated that teams do not have the power to negotiate or agree to new deals with pending-free agents until noon ET on July 1st, unless provided express permission from the rightsholder.

Marner isn’t the only player with tampering concerns swirling around. The Maple Leafs were also the subject of a tampering scare over the last few weeks, after popular podcaster Paul Bissonnette shared that Toronto had already agreed to a deal with Brad Marchand on the Spittin Chiclets podcast — though it appeared those claims were ultimately debunked. The NHL also investigated possible tampering charges against the New Jersey Devils, Seattle Kraken, San Jose Sharks, and Chicago Blackhawks last summer – for their potentially premature signings of Brett Pesce, Brandon Montour, Tyler Toffoli, and Tyler Bertuzzi respectively. The Ottawa Senators also alleged “soft tampering” against the New York Rangers for their pursuit of Brady Tkachuk in December.

On a Hockey Night in Canada broadcast from December, Friedman listed out some of the potential penalties for teams caught tampering (captured here by @PuckReportNHL on Twitter). At a team level, the possible punishments included a fine of up to $5MM, termination of contracts signed, forfeiture of draft picks, and rewarding of confiscated draft picks or cash to the effected club. Players can also be penalized with a $1MM fine, suspension, or expulsion from the league.

For a player like Marner, the thought of tampering charges will ring loud. He is headed for a possible record-breaking, or record-tying, contract this summer after netting 102 points in 81 games this season. He’s among the league’s best wingers – and will be making the first move of his nine-year career with a change of teams this summer. If the NHL is looking for an example to set, closely monitoring free agent negotiations at this scale would be a strong place to start.

These concerns could be mitigated by a swap of assets for Marner’s negotiating rights, which would allow Vegas to sign Marner ahead of July 1st while also providing compensation back to the Maple Leafs. Should Vegas have any concerns, that move may be a nice safeguard to ensure they can land another lineup star with no barriers. Then again, with no clear evidence of tampering, rumors or concerns spreading around NHL circles will be no more than that, until a team is proven guilty.

Canucks, Golden Knights, Kings Interested In Bowen Byram

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After sending high-end winger, JJ Peterka, out West a few days ago to the Utah Mammoth, the Buffalo Sabres are reportedly working the phones on another one of their younger roster players. According to TSN’s Darren Dreger on the Barn Burner podcast, the Sabres are receiving consistent interest in defenseman Bowen Byram from the Vancouver Canucks, Vegas Golden Knights, and Los Angeles Kings.

For the former two teams, it’s apparent that Byram is being viewed as an option on his off-hand. Operating on the assumption he’ll be in any acquiring team’s top-four, the Canucks already have Quinn Hughes and Marcus Pettersson on the left, while the Golden Knights have Shea Theodore and Noah Hanifin.

Meanwhile, the Kings may view Byram as a sufficient replacement for Vladislav Gavrikov should the defensive blue liner depart in free agency. Byram isn’t nearly as good as Gavrikov in the defensive zone, but would bring far more offensive pressure and could create a quality pairing with fellow youngster, Brandt Clarke.

For context, there’s no trade close at the time of writing, but it’s become apparent that the Sabres are making a concerted effort to balance out the handedness of their defensive core. The team has already found one quality right-handed option in Michael Kesselring, and is likely seeking one more after moving Byram.

Unfortunately for Buffalo, it’s challenging to ascertain Byram’s value on the trade market. He has not made many significant strides since his time with the Colorado Avalanche, recording a 0.46 PPG average over the past three years, despite an increase in average ice time since arriving in New York.

Still, despite his billing as an offensive-minded defenseman, Byram can hold his own in the defensive zone, racking up 313 blocked shots in 246 career games, with a 90.1% on-ice save percentage at even strength. It’s also important to note that, unlike many of his peers in Buffalo, Byram has postseason experience and had his name put on the Cup in 2022 with Colorado.

Golden Knights, Maple Leafs Discussing Mitch Marner Trade

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According to Sportsnet’s Elliotte Friedman, the Vegas Golden Knights and Toronto Maple Leafs are in active negotiations for a sign-and-trade deal that would see Mitch Marner end up in Nevada. Friedman followed up on the initial report, stating that forward Nicolas Roy is expected to be part of the return to Toronto if a deal is finalized. A few moments later, TSN’s Bruce Garrioch reported that the Maple Leafs requested defenseman Nicolas Hague in the return as well.

Although sign-and-trades of this caliber are exceptionally rare, the Golden Knights’ motivation to make the move now, instead of pursuing Marner for nothing in a few days, is likely twofold. Acquiring him with a new contract in place now eliminates all competition for his services, and would allow Vegas to add an eighth year to his contract via Toronto.

Besides the magnitude of the hypothetical trade, the news comes with little surprise. The Golden Knights are no stranger to making sizeable additions to the roster and have been linked to Marner by various outlets for several weeks.

Depending on the dollar amount for Marner’s next deal, Vegas should be able to get a deal done rather comfortably. Assuming Roy is in the trade, the Golden Knights would have approximately $8.6MM available in cap space, with an additional $8.8MM available if defenseman Alex Pietrangelo is headed for the long-term injured reserve.

Adding Marner to a forward core that already includes Jack Eichel and Mark Stone would be enough to create one of the most dynamic offenses in the league. Eichel was the team’s leader in points this past season, scoring 28 goals and 94 points in 77 games. Meanwhile, Marner recently concluded the best individual season of his career, scoring 27 goals and 102 points in 81 contests with a +18 rating.

Despite not having a 100-point scorer in their brief team history, Vegas was still able to finish with the league’s fifth-best offense this season, averaging 3.34 goals per game. Unfortunately, their defense may suffer as a result of the trade.

Assuming Pietrangelo is headed for the LTIR, and Hague is included in the trade, that leaves the Golden Knights in the unenviable position of giving consistent minutes to Ben Hutton and Kaedan Korczak throughout the 2025-26 campaign, with few dollars to improve. They may find better options on the trade market, but it’ll be challenging with Marner presumably anchoring their salary cap table.

According to Friedman, Vegas views their situation similarly when it comes to their defensive core. The insider for Sportsnet indicated earlier that the Golden Knights attempted to acquire defenseman Rasmus Andersson from the Calgary Flames earlier this week, though nothing worthwhile came to fruition.

Meanwhile, while only knowing a few of the reported names hypothetically headed to Toronto, Roy would be a quality addition for the Maple Leafs. Although he’s best used as a third-line center, Roy would bring a ton of versatility to Toronto’s forward with the ability to play up and down a lineup.

He’s been a consistent secondary scorer for the Golden Knights over the past four years, scoring 57 goals and 141 points in 284 games with a +26 rating, averaging 15:48 of ice time per night while maintaining a 47.9% success rate in the faceoff dot. Additionally, he’s a capable presence in the playoffs, scoring three goals and 11 points in 22 postseason contests during Vegas’ run to a Stanley Cup title in 2023.

Moving to the blue line, Hague is a known commodity in the league and has generated plenty of interest this summer. Utilizing a similar playstyle to Jake McCabe, Hague is a quality top-four option who can eat meaningful minutes. Although he’s not much of a point producer, Hague is an incredibly physical defenseman and stalwart in the defensive zone, managing a 90.9% on-ice save percentage in 364 games as a Golden Knight.

Golden Knights Unlikely To Trade William Karlsson

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  • It’s a well-known fact that the Vegas Golden Knights are looking to trim their salary cap table so they can put together a legitimate pursuit for Marner. Still, it doesn’t appear that long-time forward William Karlsson will be a part of that exodus, as David Pagnotta of The Fourth Period reported that there’s little activity on the Karlsson trade front. The 11-year veteran is coming off an injury-riddled season and has two years left until he reaches unrestricted free agency, making him a difficult sell to other organizations.

    [SOURCE LINK]
  • It’s a well-known fact that the Vegas Golden Knights are looking to trim their salary cap table so they can put together a legitimate pursuit for Marner. Still, it doesn’t appear that long-time forward William Karlsson will be a part of that exodus, as David Pagnotta of The Fourth Period reported that there’s little activity on the Karlsson trade front. The 11-year veteran is coming off an injury-riddled season and has two years left until he reaches unrestricted free agency, making him a difficult sell to other organizations.

What Do The Golden Knights Have Planned This Summer?

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The Vegas Golden Knights quietly exited the playoffs this year in the second round and didn’t make many waves around the NHL off the ice either. The traditionally flashy franchise has made a habit of making big splashes during summers and trade deadlines, but has been quiet for the last 12 months.

Vegas spent most of the past year re-signing current players to long-term deals, bringing in veteran depth players, and making a few smaller trades. It’s been very un-Vegas-like for a team that routinely acquires the most desirable players available, contrasting sharply with how they built the 2023 Stanley Cup Championship roster.

The Knights also have significant needs; they need help on the wing, preferably a winger with some speed. They are also in desperate need of a right-shot defenseman, as well as a backup goaltender, although that is a lower priority. Given all of that, it certainly feels as though something significant is brewing in Vegas, and this could be another summer where they make some major headlines.

This assumption is based solely on gut instinct and recent history, and it does not account for the complex challenges that Vegas is likely to face if it wants to make significant moves this summer. The Golden Knights have a very weak prospect pipeline and were ranked 22nd in the NHL back in January of this year when Scott Wheeler of The Athletic conducted his rankings. It also does not reflect their salary cap situation, which has them with only $5.615MM in cap space and four players to sign (as per PuckPedia).

Nor does it consider their lack of desirable draft capital, as Vegas will go without their first-round draft pick in the subsequent two NHL Entry Drafts. Therefore, their room for improvement is severely limited, and they are heading towards some leaner years soon, which suggests they will need to go all in very soon. This situation resembles those that long-time contenders have faced before. Both Pittsburgh and Chicago have exhausted their resources in pursuit of multiple Stanley Cups, as has Tampa Bay, which is nearing the end of its window and has been aggressive every year for the past five years.

The Golden Knights have been linked to top free agent forward Mitch Marner in the past, but they would face significant obstacles trying to sign him this summer. Marner earned just under $11MM last season, and it is doubtful he will take a pay cut this summer, which would remove Vegas from the conversation as currently constructed. However, Vegas has always seemed to find a way to get their man, bringing in players like Jack Eichel, Mark Stone, Tomas Hertl, and Noah Hanifin through trades and acquiring Alex Pietrangelo in free agency.

At the time of those transactions, they had room or were able to create space through salary cap maneuvers. With Marner, though, it would be another level of difficulty to fit him under the cap, requiring Vegas to shed multiple contracts and then fill their roster with players making the league minimum. Vegas likes Marner; however, the numbers don’t lie, and signing him would be extremely difficult, not impossible, but very challenging. While they do need a top-six forward, the cost on Marner could prevent Vegas from getting involved.

Vegas could try trading salary cap space to make room for a Marner-type signing. Still, much of their depth is already on reasonable contracts, and they might be sacrificing value by overpaying in free agency. William Karlsson could be a candidate for a trade, as he has two more years remaining on his deal at $5.9MM per season. However, he is an original Golden Knight and has a modified no-trade clause (10-team no-trade list). Trading the 32-year-old would free up cap space but would also create a roster gap that would need to be filled with cheaper depth.

The same logic applies to trading forward Nicolas Roy. Sure, he earns $3MM annually, but his contract offers good value, and trading him would only create another hole that’s hard to fill. Roy has two years remaining on his deal and has scored over 30 points in each of the last four seasons, consistently providing Vegas with value that’s tough to replace.

All of this is to say that Marner is probably not in the cards for Vegas. I would never bet definitively against the Golden Knights, given their track record of pulling rabbits out of their hat, but this one would be their biggest trick yet. However, Vegas could still land a big name through free agency, and that player is Nikolaj Ehlers, who would be a perfect fit for what Vegas needs on the wing.

Ehlers still has good speed and high hockey IQ, which would fit in nicely with the Golden Knights’ forward group. Ehlers is likely gone from Winnipeg, but his market will be robust, which could take Vegas out of the running unless they can find a way to move out some salary.

So, how exactly could the Golden Knights move out some salary? Well, there is only one actual seller on the market right now, and that appears to be the Pittsburgh Penguins. Now, you might ask, why would the Penguins take on salary from Vegas? The answer is simple: they’ve done it before on multiple occasions.

The issue for Vegas is that they don’t really have any terrible contracts on their roster, and certainly none that they would pay a team like Pittsburgh to take off their hands. Vegas could move any contract on their books if they wanted to, and might have to make that difficult decision if they’re going to make changes.

Now, looping back to Pittsburgh, the Penguins have been linked to Vegas defenseman Nicolas Hague, who is an RFA and is projected to earn $2.6MM on a two-year deal this summer (per AFP Analytics). His salary isn’t included in Vegas’s salary cap projections at this point, so simply trading Hague doesn’t resolve the Golden Knights’ cap issue for next year.

However, Hague could be moved for an asset or two, which could then be used in a bigger deal. Alternatively, suppose Vegas is looking for a right-shot defenceman. In that case, they might consider Penguins veteran Erik Karlsson, who is definitely on the trade block this summer and could come relatively cheaply for the Golden Knights, with his salary retained by the Penguins.

Shayna Goldman of The Athletic recently wrote about Karlsson, loosely linking the defenseman to the Golden Knights and citing the situation surrounding Vegas defenseman Pietrangelo and his injury. It is not yet known whether the Golden Knights will place the 35-year-old on LTIR, which would significantly alter the direction of their summer spending.

All of these options are likely on the table for Vegas, which can’t be happy with its early playoff exit and needs a bit of a facelift as it nears the end of its contention window.

Photo by Jeff Curry-USA TODAY Sports

Brandon Saad Re-Signs With Golden Knights

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June 27: It is indeed a one-year, $2MM pact for Saad, according to PuckPedia. It’s split 50/50 into base salary and signing bonus and carries a full no-trade clause.

June 26: After joining Vegas midseason, it appears that winger Brandon Saad will be extending his stay.  Sportsnet’s Elliotte Friedman reported late Wednesday (Twitter link) that Saad is expected to re-sign with the Golden Knights.  Daily Faceoff’s Jeff Marek adds (Twitter link) that it will be a one-year deal around the $2MM range.

The start of the season didn’t go well for the 32-year-old.  He had an underwhelming first half, eventually falling down the depth chart in St. Louis, resulting in the Blues ultimately placing him on waivers in late January.  Signed through 2025-26 at a $4.5MM cap charge, Saad ultimately passed through unclaimed with most teams unable or unwilling to take on that type of financial commitment.

However, after clearing waivers, Saad surprised many by requesting a contract termination.  In doing so, he walked away from the remainder of his guaranteed contract to become an unrestricted free agent.  The goal was to get back to the NHL, even if it required leaving some money on the table to do so.

Saad did just that, joining Vegas on a one-year, $1.5MM pro-rated deal just one day after passing through unconditional waivers.  The hope was that he’d be able to provide some affordable secondary scoring and he did just that, collecting six goals and eight assists in 29 regular season games after notching 16 points in 43 games with St. Louis.  In the playoffs, Saad was a little quieter, however, tallying just two assists in eight outings.

A veteran of 935 career NHL regular season games and more than 500 points to his name, Saad is likely to have strong interest in his second track at free agency in less than six months if he actually gets that far.  After re-signing Reilly Smith yesterday, Vegas has $7.6MM in cap room, per PuckPedia, with a few roster spots to fill and Nicolas Hague a pending restricted free agent with arbitration rights.

However, Vegas has been speculatively linked to several prominent free agent or trade targets that could change the financial equation.  With that in mind, even if a deal has been agreed on in principle with Saad, it wouldn’t be surprising to see it not announced right away to retain short-term spending flexibility.

Golden Knights To Extend Reilly Smith

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Pending UFA winger Reilly Smith will sign an extension with the Golden Knights instead of testing the market, Elliotte Friedman of Sportsnet reports Wednesday. It’s a one-year deal worth $2MM, half of which will be paid via signing bonus, according to PuckPedia. The contract also includes a full no-trade clause.

The 34-year-old’s second stint in Vegas will last longer than a few months. The Knights reacquired the familiar face, who played for the club in its first six seasons and won the Stanley Cup with them in 2023, from the Rangers at the trade deadline in exchange for prospect Brendan Brisson and a third-round pick.

It’s been rough for the veteran winger since the Knights made him a cap casualty in the days following their Cup win. Vegas had signed him to a three-year, $15MM extension the year prior, but they needed to make room for new deals for goaltender Adin Hill and the younger and more productive Ivan Barbashev on the wing. Smith had limited trade protection, so he was dealt to the Penguins, not one of his preferred destinations, for a third-rounder.

While Smith’s 40 points in 76 games for Pittsburgh were fine, it was a sharp decline from his 56 points the year prior. He only had 13 goals, tied for his lowest tally in a season since establishing himself as a full-time NHLer with the Bruins in 2013-14. The Penguins, looking to get younger and shed salary, traded Smith to the Rangers last summer while retaining some of his contract. His point totals were similarly middling in New York as the team struggled in general, posting a 10-19–29 scoring line in 58 games before getting traded back to Vegas. He finished the year with 11 points and a +11 rating in 21 games for the Knights, although only three of those points were goals. He was also limited to three goals and an assist in 11 postseason outings.

Aside from a blip in the COVID-shortened 2020-21 campaign, Smith was a routine 20-goal, 50-point scorer in his heyday with Vegas. Barring what would be a surprising resurgence given his age, those days are behind him. He’s still a useful depth scorer on a team that needs them, but it would probably benefit both sides if his ice time dropped from the 15 minutes per game he was still seeing last year to give him more favorable matchups. He also didn’t see much power-play time for Vegas after his reacquisition; that could change in 2025-26, depending on how aggressive a makeover the Knights’ forward group receives in the coming weeks.

Clearly, Smith’s priority was staying in Vegas. He leaves some money on the table in exchange for contractually guaranteed team stability, unless he struggles and ends up on waivers. Vegas now has $7.615MM in cap space remaining with Nicolas Hague as their only super notable RFA to re-sign, and he’s on the trade block. They’ve got five roster spots to fill, though, so that might be a tight fit barring a cap-clearing trade. There’s also the potential of defenseman Alex Pietrangelo, signed through 2026-27 at an $8.8MM cap hit, starting the season on long-term injured reserve after playing injured last year.

Image courtesy of Sergei Belski-Imagn Images.

Seravalli: No Evidence Golden Knights Are Trying To Trade Hertl

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  • Yesterday morning, there was some loose speculation that the Vegas Golden Knights were in trade discussions with the Carolina Hurricanes over forward Tomáš Hertl, which could be completed by the end of the weekend. Without any solid reporting on the situation, Frank Seravalli of Daily Faceoff refuted the talks. He stated on yesterday’s edition of Daily Faceoff Live that he found no evidence suggesting Vegas is looking to trade Hertl. Although the Golden Knights are aiming to free up salary cap space, Hertl possesses significantly more trade protection than other candidates, like William Karlsson or Ivan Barbashev, which makes moving him objectively more challenging.

    [SOURCE LINK]
  • Yesterday morning, there was some loose speculation that the Vegas Golden Knights were in trade discussions with the Carolina Hurricanes over forward Tomáš Hertl, which could be completed by the end of the weekend. Without any solid reporting on the situation, Frank Seravalli of Daily Faceoff refuted the talks. He stated on yesterday’s edition of Daily Faceoff Live that he found no evidence suggesting Vegas is looking to trade Hertl. Although the Golden Knights are aiming to free up salary cap space, Hertl possesses significantly more trade protection than other candidates, like William Karlsson or Ivan Barbashev, which makes moving him objectively more challenging.

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