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Multiple Teams Engaging In Erik Karlsson Trade Talks

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An expectedly hot trade market could soon see a rather Earth-shattering trade. Newly-crowned Norris Trophy winner Erik Karlsson of the San Jose Sharks has been on the trade block for quite some time, and he’s made it known he’d like to get dealt to a contender.

Now, we have some clarity on some teams EK65 could suit up for next season. The Toronto Maple Leafs, Carolina Hurricanes, and Seattle Kraken have reportedly initiated discussions with the Sharks regarding the possibility of acquiring the star defenseman, says Pierre LeBrun of The Athletic. LeBrun also indicates, though, that Karlsson has not yet provided Sharks general manager Mike Grier with a list of preferred destinations, leaving the trade negotiations as an “open canvas.”

Karlsson boasts a massive $11.5MM cap hit through 2027 and has long been considered one of the most dynamic defensemen in the league. However, injuries had plagued the Swedish defenseman in recent seasons, dampening his on-ice impact. 2022-23 saw him shake off most of the rust, though, becoming the first defenseman to record 100 points in a season since Brian Leetch in 1991-92. Nevertheless, his defensive deficiencies combined with the concern for re-injury will likely involve the Sharks, and potentially a third party, retaining massive amounts of his salary.

The Maple Leafs are definitely the team who would need the most help via salary retention to get a deal done. They are slated to have around $14.75MM in cap space with defenseman Jake Muzzin headed for long-term injured reserve, but they need to fill at least five roster spots at forward and get a new contract signed for netminder Ilya Samsonov. A trade, however unlikely it may seem, could include T.J. Brodie, who’s locked in at a $5MM cap hit next season and is a UFA in 2024. Karlsson would essentially replace his spot in the lineup.

Few teams would complement Karlsson’s puck-moving style as well as Carolina. This is likely a fallback option for them if they can’t reach an extension with Brett Pesce, although it’s hard to imagine two players at further ends of the defense spectrum. One would have to wonder about the necessity of acquiring Karlsson for the ’Canes, though, as a former teammate of Karlsson’s,  Brent Burns, is already under contract through 2025, and they’re still working on acquiring Anthony DeAngelo from the Philadelphia Flyers (which, legally, can’t be completed for another few weeks for cap circumvention purposes).

As for the Kraken, the budding franchise has apparently wasted no time in trying to solidify themselves as a championship contender after winning their first playoff series this spring. They’ve got a bevy of talented forwards and a true four-line attack, but their biggest roster hole lies with a second-pairing right-shot defenseman behind shutdown stalwart Adam Larsson. They do have the cap room to make it work – their only notable expenditure this offseason will be re-signing blueliner Vince Dunn, which could cost them around $7MM per season. It still would leave them with about $13MM in cap space and very few other roster holes to fill, making this a very doable task for the Kraken with 35-50% salary retention.

More to come…

Latest On Tony DeAngelo

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Two days later and no trade in sight. The Philadelphia Flyers were closing in on a deal that would send Tony DeAngelo back to the Carolina Hurricanes over the weekend, but things have hit a snag.

Pierre LeBrun of The Athletic reports that it is likely because of some hesitation from the NHL, over potential cap circumvention. DeAngelo was meant to go to Carolina with the Flyers retaining some salary, but since he was traded from the Hurricanes less than a year ago, it raised some red flags.

As LeBrun explains, this isn’t exactly a regular situation. The Hurricanes traded him as an RFA, meaning they didn’t sign this contract, and Daniel Briere, the Flyers’ GM, wasn’t in place yet when Philadelphia inked this deal. There’s no real circumvention here, just a player that has worn out his welcome and a team looking to create cap space.

The league is expected to meet with both teams in Nashville this week for the draft, where they will have to decide. Either sign off on it early, or force the teams to wait until July 9, when the calendar year since last summer’s trade would be up.

It does still seem like things are headed in that direction, though a two-week delay can change things considerably at this time of year.

Poll: What Has Been The Most Impactful Pre-Draft Trade?

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The 2023 NHL Draft is now only three days away, and there has already been a flurry of activity in the NHL trade market. Yesterday, we saw the Colorado Avalanche acquire Ryan Johansen from the Nashville Predators, and the Arizona Coyotes acquire Sean Durzi from the Los Angeles Kings. Following up on those deals, there is heavy expectation that the St. Louis Blues will acquire Kevin Hayes from the Philadelphia Flyers, and the Carolina Hurricanes will add back Anthony DeAngelo to their lineup. If yesterday didn’t bring enough action, it’s also expected that the Kings are close to acquiring Pierre-Luc Dubois from the Winnipeg Jets.

After losing Nazem Kadri to the Calgary Flames last offseason, the Avalanche had a very difficult time replacing the void left by Kadri on the team’s second forward line. Throughout this past season, Colorado originally tried to patrol Alex Newhook in that role, but after failing to live up to expectations, J.T. Compher was thrust into that role. Compher did excel, scoring 17 goals and 35 assists this season, the best statistical performance of his career. Unfortunately for the Avalanche, Compher is set to enter unrestricted free agency, and Colorado may not have the cap space to retain him.

By acquiring Johansen from the Predators, the Avalanche clearly wanted to make an outside move to complete their second line. This past season, Johansen did not play particularly well, scoring 12 goals and 16 assists in 55 games, having his season ended by a foot injury in February. However, the year prior, Johansen was a proficient offensive player in Nashville, scoring 26 goals and 37 assists.

Sticking in the Central Division, the expected acquisition of Hayes for the Blues should fill the void left behind by Ryan O’Reilly last season. Hayes has very much had an up-and-down career, having much of his time spent in Philadelphia hampered by injuries. This past season, he did have the best offensive output so far with the Flyers, scoring 18 goals and 36 assists in 81 games. It was well known that Hayes and head coach John Tortorella sparred quite consistently, and it was becoming more and more clear that his time in Philadelphia would be coming to an end.

In Los Angeles, the Kings’ trade of Durzi largely indicated that the team was trying to move out money to acquire better talent. In Durzi, Los Angeles largely had a defenseman that was exceptional at moving the puck but was not as responsible on the defensive side of the game. He did score 38 points last year for the Kings, but the underlying defensive metrics were not positive. Opening up $1.7MM with that trade, it has now been reported that the Kings are expected to acquire Dubois, as well as sign him to an extension. Not only will this move allow the Kings to strengthen their second line, but by being able to move Phillip Danault to the third-line center position, Los Angeles may be one of the deepest teams in the Western Conference.

Lastly, the Hurricanes are bringing back a familiar face, as reports indicate that Carolina and Philadelphia are working on a trade. Last offseason, the Hurricanes felt that DeAngelo’s asking price on his next contract was too rich for their blood, and moved him to the Flyers for three draft picks. By acquiring DeAngelo, Carolina now has four defensemen set to hit unrestricted free agency next season, even though it does strengthen their blue line for next year.

After all the moves up to this point, which player do you think will have the biggest impact on their next team?

Carolina Hurricanes Extend Jordan Staal

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06/25/23: The Hurricanes have now officially announced Staal’s extension, confirming the contract’s reported four-year term and $2.9MM average annual value. Hurricanes GM Don Waddell issued the following statement regarding the signing:

Jordan embodies what it means be a Hurricane. His leadership has been an integral part of our success, and the impact he has made on our organization cannot be overstated. We could not be more excited to sign him for four more years.

An aspect worth noting about this deal is its structure. Per PuckPedia, the extension will see Staal owed just a $775k base salary in the final year of the deal. While that number will likely be revised to the new minimum salary under the next collective bargaining agreement, it’s still quite a bit lower than what Staal has earned on a yearly basis throughout his career.

That structure and the four-year term of the deal have led some to speculate that the Hurricanes don’t plan on Staal playing out the full length of the contract, with the forward potentially ending his career before that lower-salary final year kicks in.

Since Staal won’t turn 35 until September, this extension won’t count as a 35+ contract against the cap, making that sort of speculation a bit more plausible.

06/24/23: Carolina Hurricanes fans can take a breath tonight, as they’re getting a key piece of business out of the way before the busiest week of the offseason. The team and captain Jordan Staal are nearing a contract extension, Sportsnet’s Elliotte Friedman reports Saturday night.

The average annual value of the deal, expected to be four years, will be in the $3MM range, NorthStar Bets’ Chris Johnston says. CapFriendly adds the extension carries a full no-movement clause.

Staal’s extension is far from a surprise. Carolina may have a lot of choices to make when it comes to their depth forwards this offseason, but their captain was an obvious one to bring back with nearly $25MM in cap space this offseason (CapFriendly). He may be turning 35 before next season starts, but Staal was beyond elite in a shutdown role in 2022-23 while adding 17 goals and 34 points in 81 regular-season games.

That being said, it’s quite a commitment for a player set to be 38 when the deal expires. The good news is he doesn’t appear to be in any sort of steady decline, providing a consistent amount of offense over the past five years apart from a 2020-21 spike that saw him record 38 points in just 53 games.

He’ll play a key role on a team looking to load up on forwards this offseason and contend for a Stanley Cup yet again in 2023-24. Staal’s two-way dominance will be a huge advantage lower in the lineup – the three-man unit of Staal, Jordan Martinook and Jesper Fast controlled 70 percent of expected goals (MoneyPuck) when deployed together, a team-high number.

Assuming he finishes out this contract, Staal will become one of the longest-tenured players in franchise history with a 15-year stint. Since being acquired from the Pittsburgh Penguins in 2012, Staal has played 742 games in a Carolina jersey, currently sitting fourth among Hurricanes/Whalers skaters.

Hurricanes, Flyers Working On A Tony DeAngelo Trade

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A busy day for trades has gotten even busier, as Elliotte Friedman of Sportsnet reports that the Carolina Hurricanes and Philadelphia Flyers are closing in on a deal that would send Anthony DeAngelo back to Carolina. DeAngelo most recently played for the Hurricanes back during the 2021-22 season before he found his way to Philadelphia.

Already carrying an imposing top-four, the Hurricanes appear to be well on their way to making their defensive unit even better. Although he can be a bit of a liability on the defensive side of the puck, DeAngelo has been one of the better blue-line scorers over the past couple of seasons. He has already shown the ability to score 10+ goals a year, and his ability to move the puck is by far his best asset.

Much like the deal that will be sending Kevin Hayes to the St. Louis Blues, it appears that the deal for DeAngelo may take some time as well. The Flyers should be expected to take back some salary in the trade, or another team may be involved. It was only one season ago that the Hurricanes decided that DeAngelo’s asking price was too rich for their blood, and shipped him off to Philadelphia. If the Flyers are willing to price down DeAngelo’s contract more to Carolina’s liking, this would seem like an ideal fit for both the team and the player.

Although the trade for DeAngelo ultimately makes Carolina a better team on paper, it does complicate their cap situation for next season. Already needing to sign Brett Pesce, Brady Skjei, and Jalen Chatfield, DeAngelo also becomes an unrestricted free agent after next season, joining that list. If DeAngelo and Skjei are more inclined to sign team-friendly contracts to stay in Carolina, this deal may make the burden of trading Pesce this offseason much lighter for the Hurricanes.

As far as the Flyers’ return goes, not much is known at this point. Charlie O’Connor of The Athletic reports that a trade is indeed in the works between the two teams, but the Flyers will not be receiving much in return. Last offseason, Philadelphia acquired DeAngelo from Carolina for a package including a second-round pick in 2024, a conditional third-round pick in 2023 (which would become the Flyers’ third-round pick), and a fourth-round pick in 2022. Pierre LeBrun of The Athletic notes that the Flyers would likely only get a prospect from Carolina, although that prospect is currently unknown up to this point.

In any case, it is another example of two teams headed in two separate directions. After the news from today, with both Hayes and DeAngelo, the Flyers are committed to clearing house, and the Hurricanes are looking to bulk up for a postseason run in 2024.

Market Value For Brett Pesce's Next Contract Could Check In Around $6.5MM

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Hurricanes defenseman Brett Pesce is one to keep an eye on this summer.  With his recent change and contracts to comparable players given out recently, Cory Lavalette speculates in his latest piece for The Athletic (subscription link) that Pesce could be pushing for a max-term contract around a $6.5MM AAV.  Carolina has ample cap room for 2024-25 but also needs to re-sign blueliner Brady Skjei, centers Sebastian Aho and Martin Necas (RFA), and winger Teuvo Teravainen.  Doing all of that will be difficult and it wouldn’t be shocking if at least one has to go.  Accordingly, if the Hurricanes could work an extension out with Skjei quickly and find Pesce’s price point too high for their liking, he could become a trade candidate in the coming weeks.  In a free agent market that doesn’t exactly have a lot of impact right-shot defenders out there, many teams will be watching this situation closely.

Offseason Checklist: Carolina Hurricanes

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The offseason is now fully underway after Vegas took home the Stanley Cup which means that it’s time to examine what each team will need to accomplish over the coming months.  Next up is a look at Carolina.

No one would have faulted the Carolina Hurricanes for a second-round exit after losing Andrei Svechnikov, Max Pacioretty, and Teuvo Teravainen to injuries. Instead, some miracle performances from depth players vaulted them into the Eastern Conference Final – before promptly getting swept by the Florida Panthers. While they were up against a Vezina-caliber netminder in Sergei Bobrovsky playing some of the best hockey in his life, the Hurricanes still scored just six goals in four Conference Final games, igniting an all-too-familiar refrain among their recent playoff exits. General manager Don Waddell enters the offseason with a crystal-clear priority: improve the team’s scoring ability. They have the cap space to do so.

Sign A Second-Line Center

Let’s make one thing clear – this is not a knock on Jesperi Kotkaniemi.

He produced the way a player getting paid his $4.82MM cap hit should. The 22-year-old Finn still has some room to grow and notched a career-high 18 goals and 43 points while putting together some solid defensive hockey. He looked overmatched at times during the postseason, though, and perhaps he’s best slotted in the Hurricanes lineup as a high-end third-line center, allowing them to bump competent veteran Jordan Staal down to fourth-line minutes. With a solid top-four wing core of Svechinkov, Teravainen, Martin Necas, and Seth Jarvis, the most glaring hole in terms of offense on the team’s top two lines is at center.

There are a handful of solid options in free agency that provide a bit more offensive ceiling, especially if they’re playing with Necas. Carolina has $24MM in cap space this offseason, per CapFriendly, a number that should be around $15-18MM after figuring out their goalie situation (more on that later). Throw in another $10MM to replace (or re-sign) players like Staal and Jesper Fast, and the team should be able to throw around at least $5MM per season to a second-line center.

Could Ryan O’Reilly provide a veteran presence and added offensive punch with a speedy Necas? What about the minute-munching J.T. Compher if he doesn’t reach an extension with the Colorado Avalanche? Max Domi could be a solid option, too, although he’s less of a sure thing given his offensive inconsistencies throughout his career.

Trade Or Extend Pesce

The Hurricanes have a pair of key unrestricted free agents up in front in 2024 in Teravainen and Sebastian Aho, but there’s not much concern about the team’s ability to get them locked into extensions. On defense, though, their second pairing of Brady Skjei and Brett Pesce are both destined for UFA status a year from now, and rumors have been churning about Carolina’s ability to get Pesce locked down to a long-term deal.

If they get through the next few weeks without much confidence in getting Pesce extended, he’ll likely be moved. There’s been a fair bit of trade chatter already, but with former teammate Noah Hanifin likely also on the trade block, Pesce’s value will likely only rise as teams look for an elite right-shot shutdown defender on the open market. The 28-year-old averaged 22 minutes a game this season against tough competition and still managed to produce well on the scoresheet, too, recording 30 points in all 82 games.

He would net Carolina a first-round pick at minimum, adding to a prospect pool that’s already much stronger than it should be, thanks to a large amount of high-value picks in recent years from Waddell. Trading him would also free up some more cap space to add on offense while still permitting them to sign a decent replacement for Pesce on the open market.

That’s not to say Carolina shouldn’t make any effort to get a deal done here – he’s a spectacular player who’s been a large part of their success in recent seasons. If there just isn’t anything to be had there, though, it’s not the end of the world.

Re-Sign Netminders

Collectively, Frederik Andersen and Antti Raanta didn’t have the best regular seasons. Andersen’s save percentage dipped to .903 after recording a .922 mark in 2021-22, while Raanta’s decline was much less exaggerated (.912 in 2021-22, .910 in 2022-23).

Andersen put all that behind him in the playoffs, though, recording a .927 save percentage in nine starts, outmatched only by Bobrovsky in the Eastern Conference. The 33-year-old should be a top priority for the Hurricanes to be back, even with young Pyotr Kochetkov waiting in the wings and vying for a full-time NHL spot.

Both he and Raanta are quite injury-prone, and it’s something that’s handcuffed the team at times. Luckily for them, Kochetkov has come in handy – and it’s why the three-goalie model should be used for another season. Re-signing both Andersen and Raanta gives Carolina perhaps the best goaltending safety net in the league, ensuring they’ll have a quality option with NHL experience ready to go, especially if both Andersen and Raanta are unavailable at times heading into the postseason.

Getting the two netminders locked up to short-term deals shouldn’t cost more than a total of around $8MM, something the Hurricanes can easily accommodate with their current cap structure.

Depth Decisions

The Hurricanes have many expiring contracts at the bottom of their lineup – namely Fast and Staal, who both played key roles for the team down the stretch and in the playoffs. Derek Stepan, Mackenzie MacEachern, and Paul Stastny all saw ice too, and Carolina will need to decide which veterans to re-sign and which to cut ties with.

Getting some younger blood in the lineup via free agency in exchange for Stepan and Stastny is likely a wise choice, but Fast and Staal have proven themselves invaluable in depth roles. Without a cap crunch to deal with, the team can (and should) get them signed to mid-length deals, although maybe just two or three years for the 34-year-old Staal.

There’s also the matter of whether or not to qualify Jesse Puljujarvi, their only restricted free agent forward at the NHL level. The 25-year-old can, unfortunately, be declared a bust at this point, registering just three points in 24 combined regular-season and playoff games after a trade from the Edmonton Oilers. He’s due a qualifying offer of $3MM, well above his market value, considering his production last season. Cutting ties is the likely route here.

Photo courtesy of USA Today Sports Images.

Latest On Hurricanes Negotiations With Jordan Staal

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  • It has long been expected that Carolina Hurricanes captain Jordan Staal’s pending unrestricted free agency was more of a formality than anything else, and that the 34-year-old center would end up re-signing with the franchise he’s been with since the 2012 offseason. But according to TSN’s Darren Dreger on Insider Trading, that may no longer be the case. Dreger reports that Staal’s camp “has supplied” the Hurricanes “with a number of options” on a new deal but that their negotiations are “at an impasse,” and that owner Tom Dundon will need “to move from his position” in order to re-sign his captain. Dreger adds that if that doesn’t happen, we “absolutely could see” Staal “as a free agent on July 1st.” That would be a decently shocking outcome for Staal and the Hurricanes, though it now seems like a once-remote possibility Hurricanes fans may need to begin preparing for.

Notre Dame Hires Brock Sheahan As Associate Head Coach

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  • NHL coaching hopeful Brock Sheahan will have to wait a little longer for his first role on an NHL bench, as he’s rejoined the University of Notre Dame in an associate head coaching role. Sheahan, 39, rose to prominence behind the bench of the USHL’s Chicago Steel, guiding them to a Clark Cup in 2021 and coaching many high-end NHL prospects, including 2023 draft-eligible center Adam Fantilli, Calgary Flames winger Matthew Coronato, Montreal Canadiens center Sean Farrell, and Florida Panthers winger Mackie Samoskevich. He joined the Carolina Hurricanes in 2022-23, taking over as head coach of their AHL affiliate, the Chicago Wolves. With the Wolves deciding to operate independently of an NHL organization next season, Sheahan found himself on the open market after just one year there. He returns to Notre Dame, where he played four seasons from 2004 to 2008 and spent the 2013-14 campaign as an assistant coach.

Goalie Notes: Andersen/Raanta, Jarry, Korpisalo

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The Carolina Hurricanes will have a big decision to make this offseason when it comes to their crease. It seemed like a forgone conclusion that one of Frederik Andersen or Antti Raanta would be allowed to walk in free agency as the Hurricanes already have netminder Pyotr Kochetkov locked up for a very reasonable $2MM per season. But according to Pierre LeBrun of The Athletic the Hurricanes appear to be in negotiations with both Andersen and Raanta. While it seems unusual for a team that normally has an internal budget to stash a $2MM player in the minors, Kochetkov is still waiver exempt for one more season meaning Carolina could roll back the trio for one more year. That might be the prudent thing to do given that the club needed all three goalies this past year to navigate the various injuries that they dealt with throughout the campaign. Andersen was just okay in the regular season but was terrific in the playoffs, while Raanta had a good regular season but had his fair share of struggles in the postseason.

In other goalie notes:

  • LeBrun writes that Pittsburgh Penguins new boss Kyle Dubas has yet to approach the Tristan Jarry situation in any meaningful way and that things still appear to be status quo. Dubas has historically been reluctant to commit major dollars or term to goaltenders and given the injury history and inconsistency in Jarry’s game, it seems unlikely he would commit either to the 28-year-old. Jarry is likely looking for a long-term deal and a return to Pittsburgh seems unlikely unless the bottom falls out of the market, and he decides Pittsburgh is a good soft landing for him. Jarry went 24-13-7 this past season as he and the Penguins missed the playoffs for the first time in 16 seasons. The Surrey, British Columbia native posted a .909 save percentage for the second time in the past three seasons and has yet to demonstrate that he can win in the playoffs.
  • LeBrun writes that netminder Joonas Korpisalo and the Los Angeles Kings have had some initial conversations on a contract extension but given how close the Kings are to the cap they may have a tough time fitting in a big cap number on a goaltender. It appears Joonas Korpisalo will hit the open market and he could be an intriguing name for teams looking to make a move in the crease. While he was terrific this past season, Korpisalo has posted a goals saved above expected number higher than -7 every season from 2017-18 through 2021-22 and a save percentage above .915 just once. Given his track record he may be best suited in a 1A/1B tandem situation similar to the Carolina Hurricanes structure with Andersen and Raanta.

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