Devils winger Tyler Toffoli has drawn some trade interest ahead of Friday’s deadline, including from a former team. However, the team prefers to hang onto the pending UFA and continue negotiating an extension even if he’s not inked by the end of the week, per Elliotte Friedman of Sportsnet on Monday’s edition of “32 Thoughts” (and relayed by James Nichols of New Jersey Hockey Now).
While they haven’t been publicly named, it’s clear the Kings aren’t the only team interested in Toffoli’s services. That’s far from surprising — Toffoli is on pace to lead his team in goals for the second straight season and has firmly cemented himself as a top-six winger with five straight 20-goal seasons, including the COVID-shortened 2020-21 campaign.
Toffoli broke out that season with 28 snipes and 44 points in only 52 games for the Canadiens, the highest point-per-game rate of his career up to that point. He’s since surpassed that mark with his career-best 34-goal, 73-point season with the Flames last year.
He was traded to the Devils by Calgary last summer in exchange for the signing rights to Yegor Sharangovich and a third-round pick, his third time being dealt over the previous four years. It’s been quite a tumultuous time for Toffoli throughout his offensive breakout, skating for four teams since his eight-year stint with Los Angeles ended before the 2020 trade deadline.
Friedman labeled Toffoli as “more of a wish than a likelihood” for teams looking to add scoring help this week, keeping one of the better pending UFAs out there barely on the market for now. He carries a cap hit of just $4.25MM and is nearing completion of the four-year, $17MM contract he signed with Montreal during his last time testing the free agent market in 2020. If teams want to pry Toffoli away from the Garden State, it’ll need to be an offer above market value for a rental.
His stat sheet in New Jersey isn’t quite as impressive as last year’s run in Calgary, potting 26 goals, 18 assists, 44 points, and a -14 rating in 60 games. He is, however, averaging the highest time on ice of his career with a 17:31 average, and the team’s subpar goaltending has tanked his rating. His expected +5.9 rating is fifth on the team behind Jesper Bratt, rookie defenseman Simon Nemec, Jack Hughes, and Ondřej Palát.
As such, he’ll command a considerable raise (and some trade protection) on an extension with the Devils, something they should be willing to dole out given how he helped stabilize the offense with injuries taking out both of their top two centers for extended periods this season. The team is built for the future despite a disappointing season. While a long-term deal isn’t in the cards for Toffoli at age 31, he’s likely to be a valuable top-six piece for New Jersey as they work toward making the postseason consistently over the next few years.
After back-to-back losses to the Ducks and Kings, the Devils are now only three games above .500 and trail the current second wild-card spot holder, the Lightning, by eight points with two games in hand. Per MoneyPuck, their playoff chances have dipped to 15.8%, beneath other wild-card hopefuls like the Islanders and Penguins but still ahead of the Capitals and Sabres.
Even so, it makes little sense for the Devils to sell, given they’d very likely be in playoff position with anything close to league-average goaltending. Their trio of Nico Daws, Akira Schmid and Vítek Vaněček have conceded a combined 19.1 goals above expected on the season, according to MoneyPuck, costing them several wins.
The Devils are currently in 11th place in the Eastern Conference, That makes them Irrelevant.