Examining Summer Buyout Candidates

The NHL salary cap is increasing dramatically this summer, but that won’t stop teams from looking to cut inflated cap hits from their salary ledgers. The buyout remains an option that NHL teams will regularly use to move out a player who has underperformed relative to their NHL salary. Teams often swap struggling players in a change-of-scenery trade, but they will use the buyout as a last resort if they can’t find a market. Let’s examine this summer’s buyout candidates, beginning with the forwards.

Andre Burakovsky cashed in on a Stanley Cup-winning year in Colorado, signing a five-year, $27.5MM deal with the Seattle Kraken in free agency, including a modified 10-team no-trade list. Since signing the agreement in July 2022, Burakovsky’s performance has declined, particularly last season, when he had just seven goals and nine assists in 49 games. The 30-year-old has bounced back this year, but still fell below the 40-point margin for the third consecutive season. He should be a trade or buyout candidate given his injury history and declining performance.

A modified no-trade clause will limit a small trade market and might force Seattle to relinquish an asset to move Burakovsky or take back another undesirable contract. A buyout would be spread over four seasons and save Seattle $5.83MM over the next two seasons total, but leave them with a $1.458MM cap hit the two seasons after (as per PuckPedia). Given the bounceback this season, it seems likely that Seattle either hangs on to Burakovsky or tries to trade him rather than eating the cost of a four-season buyout.

Chris Kreider of the New York Rangers is another forward who could be moved this summer. While a trade is likelier, it’s not an impossibility that the veteran winger could be bought out. The 33-year-old’s play has fallen off a cliff this season as he hasn’t been able to generate the same level of shot production as in previous seasons. Kreider averaged 42 goals between 2021 and 2024, but couldn’t top 25 goals this season and finished with just eight assists.

Kreider carries a 15-team no-trade clause and has two years remaining on his contract at a cap hit of $6.5MM, which will be prohibitive regarding potential trade talks. With the trade market cut in half, the Rangers might have to eat some of the remainder on Kreider’s deal. Still, given that general manager Chris Drury has gotten out from under more undesirable contracts (Barclay Goodrow and Jacob Trouba), he may find a creative way to shed Kreider’s contract without a buyout.

Under normal circumstances, Detroit center Andrew Copp would be a buyout candidate, but given that the 30-year-old will be out well into the summer after pectoral surgery, it won’t happen. Copp posted just 10 goals and 13 assists in 56 games this season, but barring a trade, he will return to Detroit next season if he is healthy enough to play by the opening of training camp.

Shifting back to defense, Ryan Graves is a prime candidate to be bought out; however, a significant caveat exists regarding moving on from the 29-year-old. The structure of Graves’ contract makes a buyout nearly impossible (as per PuckPedia) because any buyout would only move on from Graves’ salary and not include the $8MM in signing bonuses that Graves is due in each of the last four years of his contract. If Pittsburgh wants to buy Graves out, he will remain on the books for eight more years and save them just $2.58MM total over those eight years. A Graves buyout isn’t worth it for the Penguins, and the only significant cap savings would happen in the first year of the deal, the season in which the Penguins are the least likely to contend. The Penguins will have to keep Graves, trade him, or play him in the minors for the foreseeable future.

Marc-Édouard Vlasic is another veteran whose contract has become an albatross. Vlasic was once one of the top defensive defensemen in the NHL, but has fallen on hard times as he plays on a poor San Jose Sharks team. Vlasic has one year left on his contract with a $7MM cap hit and is owed $5.5MM in actual salary. He played just 24 games last year, and while he wasn’t unplayable, he’s not a good NHL defenseman anymore. Much of Vlasic’s decision will depend on what the Sharks hope to do next season; if they intend to add around their young core, they may buy out Vlasic to give themselves as much cap space as possible. If they opt to have one more year of rebuilding before adding to their lineup, they will likely burn the final year on the deal and let Vlasic walk as a UFA next summer.

A Vlasic buyout doesn’t do much to help the Sharks, saving them $2.333MM next season while adding a cap charge of $1.167MM the following year. The Sharks seem likely to keep Vlasic in San Jose for the final year and perhaps assign him to the AHL or use him as a seventh defenseman in the NHL.

Another notable defenseman who could be bought out is Jacob Trouba of the Anaheim Ducks. Trouba became a lightning rod for criticism in New York while he was a member of the Rangers, and many people didn’t think it was possible to move him and his entire $8MM cap hit. Anaheim stepped in, taking Trouba and his whole contract, and appeared excited to do so, as Ducks general manager Pat Verbeek was happy to have Trouba as a leader for a young Ducks team. Since Anaheim placed such a high value on Trouba’s intangibles, it seems unlikely that they will buy out the last year of his contract, even though he will be vastly overpaid for his play on the ice.

The top buyout candidate in net is Philipp Grubauer of the Seattle Kraken. Grubauer has been a shell of the version he was with the Colorado Avalanche and hasn’t come close to being an average NHL goalie during his time in Seattle. At the time of his signing four years ago, Grubauer had a career save percentage over .920 in seven NHL seasons, but since then, he hasn’t produced a single season over .899, and it has fallen to .875 this year. With two years remaining at $5.9MM per season, Grubauer would be incredibly difficult to trade, even in a goaltender’s market that favors the seller. His -14.6 Goals Saved Above Expected was the third worst in the NHL among all goaltenders, and his numbers in the AHL, while better, don’t indicate that he is ready to recapture his game.

Buying out the 33-year-old would save Seattle almost $4MM in cap space next year and nearly $3MM in the 2026-27 season. They would then face a charge of $1,683,333 in each of the following seasons after that (as per Puck Pedia).

The next goalie on our list is Tristan Jarry of the Pittsburgh Penguins, and while he feels like the most obvious candidate for a buyout this summer, goalies are in short supply, and anything is possible. Jarry has been better as of late, and with no actual workhorse starters available in free agency, a team may take a flier on the two-time NHL All-Star. Teams watched Los Angeles goaltender Darcy Kuemper bounce back this season after struggling last year, and with Jarry being just 29 years old, he could do the same. Jarry has the skillset to be a starting NHL goaltender, but has struggled with mistakes and letting in bad goals at inopportune times. He has also typically struggled the deeper he gets into a season, which will scare off teams with playoff aspirations.

It’s hard to imagine Jarry back in Pittsburgh next season, but they are transitioning, and many of their prospects are still a year or two away from being NHL-ready. Someone has to play goal for the Penguins, and Josh Yohe of The Athletic believes it could be Jarry going into next season. It’s hard to get a sense of what Pittsburgh will do, but none of the potential outcomes will be shocking given how the situation has played out over the last few years with the Penguins’ starting goaltender.

Photo by Kim Klement Neitzel-Imagn Images.