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Update On This Year’s August 15 Free Agents

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Most NHL free agent business is dealt with in the early summer months. There is one important date later each year, however. August 15 marks the date when NHL teams lose their exclusive signing rights to most college-drafted players if they’ve graduated (or completed without graduating) college and are not yet signed to an entry-level contract.

Earlier this month, we published a list of players slated to hit the UFA market yesterday if not signed to an ELC within the coming days. However, the guidelines the NHL uses to determine a college graduate are some of the most complex sets of rules relating to contractual obligations in pro sports. That means it’s often impossible to glean a full list of players whose rights have expired (or not expired) until after the August 15 deadline has passed.

This year was no different, as CapFriendly issued multiple updates today on their X account regarding the list of August 15 free agents they’d made public earlier in the month. Three players who were slated to expire actually remained on their team’s reserve list: Calgary Flames 2018 fourth-round pick F Demetrios Koumontzis, Ottawa Senators 2018 seventh-round pick F Jakov Novak, and Senators 2018 second-round pick D Jonny Tychonick.

On the flip side, 12 players they expected to remain on teams’ reserve lists hit the free-agent market yesterday. With that in mind, we have a revised, accurate list of players who became unrestricted free agents yesterday. Asterisked players were not originally expected to come off their team’s reserve list.

Anaheim Ducks

*F Trevor Janicke (2019 fifth round, 132nd overall)

Arizona Coyotes

F John Farinacci (2019 third round, 76th overall)
*F Anthony Romano (2019 sixth round, 176th overall)

Boston Bruins

*D Dustyn McFaul (2018 sixth round, 181st overall)

Calgary Flames

*F Joshua Nodler (2019 fifth round, 150th overall)

Carolina Hurricanes

F Kevin Wall (2019 sixth round, 181st overall)

Chicago Blackhawks

F Jake Wise (2018 third round, 69th overall)

Colorado Avalanche

*F Matt Stienburg (2019 third round, 63rd overall)

Columbus Blue Jackets

D Robbie Stucker (2017 seventh round, 210th overall)

Detroit Red Wings

F Robert Mastrosimone (2019 second round, 54th overall)
*F Ethan Phillips (2019 fourth round, 97th overall)

Edmonton Oilers

F Skyler Brind’Amour (2017 sixth round, 177th overall)

Minnesota Wild

*D Marshall Warren (2019 sixth round, 166th overall)

New Jersey Devils

*D Case McCarthy (2019 fourth round, 118th overall)
*F Patrick Moynihan (2019 sixth round, 158th overall)

New York Islanders

D Christian Krygier (2018 seventh round, 196th overall)
F Jacob Pivonka (2018 fourth round, 103rd overall)

New York Rangers

*F Eric Ciccolini (2019 seventh round, 205th overall)
*F Riley Hughes (2018 seventh round, 216th overall)

Ottawa Senators

*F Luke Loheit (2018 seventh round, 194th overall)

Philadelphia Flyers

F Jay O’Brien (2018 first round, 19th overall)

San Jose Sharks

D Arvid Henrikson (2016 seventh round, 187th overall) Originally drafted by the Montreal Canadiens

Toronto Maple Leafs

D Ryan O’Connell (2017 seventh round, 203rd overall)

Winnipeg Jets

G Jared Moe (2018 sixth round, 184th overall)

Of the list above, Krygier and Pivonka are remaining in the Islanders organization on confirmed AHL contracts for 2023-24, although they remain eligible to sign with another NHL team should one come calling. All others are either returning to school for 2023-24, have contracts signed in other leagues, or are not signed for next season.

Notably, this is the official confirmation that the Flyers’ exclusive signing rights of O’Brien have lapsed. As compensation for not signing a first-round pick to their entry-level contract, the Flyers will receive a compensatory second-round pick from the league in the 2024 NHL Draft.

Canadiens Undecided On Whether To Move Casey DeSmith

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  • After flipping one asset acquired in the Erik Karlsson trade earlier today, the Montreal Canadiens are still faced with a goalie crunch caused by taking on netminder Casey DeSmith from the Pittsburgh Penguins. Speaking with reporters today, GM Kent Hughes said he’s talked to DeSmith and asked him “to be patient.” Hughes is undecided on whether to keep DeSmith or trade someone else (Jake Allen or Samuel Montembeault) off the roster to make room for the 32-year-old, who started a career-high 33 games for the Penguins last season.

Paul Byron Expected To Retire

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August 15: Canadiens GM Kent Hughes spoke to the media today in the wake of dealing defenseman Jeff Petry to Detroit, confirming that he expects Byron to retire and will speak to him in September.

April 14: Montreal Canadiens forward Paul Byron is facing a difficult decision regarding his future in the NHL. Byron missed the entire 2022-23 season due to a lower-body injury after playing just 27 games the year before, and according to TVA’s Renaud Lavoie, doctors have still not cleared him to return to play.

Byron will be making a decision on his future within the next month, says Lavoie, signaling what could be a tough end for the 34-year-old known for his effort on the ice. Since Montreal claimed him on waivers in 2015, Byron’s suited up in 383 regular-season games for the Habs, becoming a fan favorite thanks to his speed, tenacity, and versatility.

Speaking this morning, Byron expressed his desire to reporters to remain with the team in a different capacity, particularly player development. Byron says Montreal management’s answer on a front office role will influence his decision on whether to continue his career.

Regardless of what Byron’s future holds, it’s clear he’s made a significant impact on the Canadiens organization during his time with the team. He’s been public about his experiences with chronic pain, hoping to raise the importance of players’ quality of life in hockey circles.

If it’s the end of the road for Byron, he wraps up a 12-year, 521-game career that was unexpected given his status as a sixth-round draft pick in 2007. He hit the 20-goal mark twice with Montreal, proving himself as a versatile bottom-six forward at his peak.

Detroit Red Wings Acquire Jeff Petry

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The Detroit Red Wings have acquired defenseman Jeff Petry from the Montreal Canadiens just days after Montreal re-acquired him from the Pittsburgh Penguins in the three-team Erik Karlsson blockbuster, according to a team release. Montreal receives defenseman Gustav Lindström and a 2025 conditional fourth-round pick in return.

Montreal is retaining an additional 50% of Petry’s salary in the trade, bringing his cap hit with Detroit down to $2.34MM. CapFriendly reports Montreal will receive the later of Detroit’s or the Boston Bruins’ 2025 fourth-round picks, both of which Detroit currently owns.

This is an expected move, although most reporting indicated Canadiens GM Kent Hughes would wait a little longer to hit send on a deal. Sportsnet’s Eric Engels reported immediately after the Karlsson trade went through that Montreal was going to flip Petry again with salary retained but didn’t think the move would happen until closer to training camps and the start of the regular season. It also marks a return home for Petry, who was born in Ann Arbor, Michigan, and played college hockey at Michigan State.

Petry, 35, had a decent lone season in Pittsburgh last year but wasn’t quite worth the $6.25MM he was costing them against the cap. He finished the year with five goals, 26 assists, 31 points, and a +2 rating in 61 games, a slight rebound from the 2021-22 campaign in Montreal. He once again logged heavy minutes, averaging 22:21 per game.

However, at his age, the chances of Petry producing the 40-plus point campaigns with solid defensive metrics he was known for in Montreal are slim. $2.34MM is quite a manageable number for his services, though, and he still has the potential to challenge Justin Holl for the second-pair right defenseman slot behind undisputed number-one Moritz Seider. Detroit hopes he can at least keep up NHL-caliber play for the next two seasons until his contract expires in 2025, avoiding too sharp of an age-related decline.

Aside from their top pairing of Seider and Jake Walman, Detroit’s depth defense was quite weak last season when it came to controlling possession. While he isn’t a shutdown defender by any stretch, Petry isn’t a liability either, and he should help improve possession numbers for Detroit’s second or third pairing marginally. Adding Petry into the fold also gives Detroit the option to bench Ben Chiarot, who had a disastrous first campaign with Detroit after signing a four-year, $19MM contract with trade protection in free agency last summer – a deal that’s quickly looking like an albatross.

Some are likely questioning this move, given Detroit’s now added a trio of NHL defensemen this offseason and have blocked a potential lineup spot for 2021 sixth-overall pick Simon Edvinsson. However, the 20-year-old defender likely won’t be ready to start the season after undergoing shoulder surgery in May, and without participating in training camp, starting the season with AHL Grand Rapids again isn’t the worst idea. With Detroit evidently looking to challenge for a playoff spot in the Atlantic Division in 2023-24, Petry is a significant upgrade over Chiarot if that’s the lineup swap head coach Derek Lalonde chooses to make.

In Lindström, the Canadiens receive a young depth defenseman still trying to demonstrate he can give an NHL team reliable minutes. Detroit selected the 24-year-old 38th overall in 2017, and he’s gotten into 128 NHL games since then over the course of the past four seasons. Last season, he recorded a goal and eight points in 36 games, along with a -16 rating. The Red Wings signed him to a one-year, one-way deal worth $950K earlier this offseason, and he’s slated to be a restricted free agent with arbitration rights in the summer of 2024.

As CapFriendly notes, this was a significant step for Montreal to become cap-compliant next season without sticking netminder Carey Price’s $10.5MM cap hit on LTIR.

Photo courtesy of USA Today Sports Images.

August Free Agency Update: Atlantic Division

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As even most mid-tier free agents are now off the market, it’s a good time to look at how each team has fared on the free agent market this offseason. We’re publishing a list of one-way signings (i.e., likelier to start the season on the NHL roster) by team, per division, to keep you updated on NHL player movement since the new league year began on July 1.

Asterisked players denote a restricted free agent. Double-asterisked players denote the contract starts in the 2024-25 season. First up is the Atlantic Division:

Boston Bruins

*G Jeremy Swayman (one year, $3.475MM cap hit)
*F Trent Frederic (two years, $2.3MM cap hit)
F Morgan Geekie (two years, $2MM cap hit)
D Kevin Shattenkirk (one year, $1.05MM cap hit)
F James van Riemsdyk (one year, $1MM cap hit)
F Milan Lucic (one year, 35+ contract, $1MM cap hit)
F Patrick Brown (two years, $800K cap hit)
*D Ian Mitchell (one year, $775K cap hit)
F Jesper Boqvist (one year, $775K cap hit)

Buffalo Sabres

D Connor Clifton (three years, $3.333MM cap hit)
D Erik Johnson (one year, 35+ contract, $3.25MM cap hit)
F Tyson Jost (one year, $2MM cap hit)

Detroit Red Wings

*F Alex DeBrincat (four years, $7.875MM cap hit)
F J.T. Compher (five years, $5.1MM cap hit)
D Shayne Gostisbehere (one year, $4.125MM cap hit)
D Justin Holl (three years, $3.4MM cap hit)
F Klim Kostin (two years, $2MM cap hit)
F Daniel Sprong (one year, $2MM cap hit)
G James Reimer (one year, 35+ contract, $1.5MM cap hit)
F Christian Fischer (one year, $1.125MM cap hit)
D Gustav Lindström (one year, $950K cap hit)
G Alex Lyon (two years, $900K cap hit)

Florida Panthers

F Evan Rodrigues (four years, $3MM cap hit)
**F Eetu Luostarinen (three years, $3MM cap hit)
D Niko Mikkola (three years, $2.5MM cap hit)
D Oliver Ekman-Larsson (one year, $2.25MM cap hit)
G Anthony Stolarz (one year, $1.1MM cap hit)
D Mike Reilly (one year, $1MM cap hit)
D Dmitry Kulikov (one year, $1MM cap hit)
F Kevin Stenlund (one year, $1MM cap hit)
*F Grigori Denisenko (two years, $775K cap hit)

Montreal Canadiens

*F Alex Newhook (four years, $2.9MM cap hit)
*F Rafaël Harvey-Pinard (two years, $1.1MM cap hit)

Ottawa Senators

F Vladimir Tarasenko (one year, $5MM cap hit)
G Joonas Korpisalo (five years, $4MM cap hit)
*D Erik Brännström (one year, $2MM cap hit)
D Travis Hamonic (two years, $1.1MM cap hit)
*D Jacob Bernard-Docker (two years, $805K cap hit)
F Zack MacEwen (three years, $775K cap hit)

Tampa Bay Lightning

*F Tanner Jeannot (two years, $2.665MM cap hit)
F Conor Sheary (three years, $2MM cap hit)
F Josh Archibald (two years, $800K cap hit)
F Luke Glendening (two years, $800K cap hit)
G Jonas Johansson (two years, $775K cap hit)
D Calvin de Haan (one year, $775K cap hit)

Toronto Maple Leafs

F Tyler Bertuzzi (one year, $5.5MM cap hit)
D John Klingberg (one year, $4.15MM cap hit)
*G Ilya Samsonov (one year, $3.55MM cap hit)
F Max Domi (one year, $3MM cap hit)
F Ryan Reaves (three years, 35+ contract, $1.35MM cap hit)
G Martin Jones (one year, $875K cap hit)
F Dylan Gambrell (one year, $775K cap hit)

Contract information courtesy of CapFriendly

Latest On Jeff Petry

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The Montreal Canadiens re-acquired defenseman Jeff Petry last weekend at 75% of his $6.25MM cap hit as part of the blockbuster Erik Karlsson trade with the Pittsburgh Penguins and San Jose Sharks. However, this homecoming of sorts for Petry is likely to be short-lived, as Sportsnet’s Eric Engels reported immediately after the trade was announced that the Canadiens could be looking to move him once again. With the ability to retain an additional 50% of his cap hit, Montreal is positioning itself to facilitate a potential trade during training camp or early in the regular season.

While few teams would have interest in a 35-year-old defender making more than $6MM against the cap, Petry is certain to have plenty of market interest at a reduced price of $2.34MM until 2025, the lowest Montreal can bring him down to through retaining salary. As Chris Johnston of NorthStar Bets and SDPN noted on an episode of his podcast earlier this week, it makes sense Montreal would be willing to facilitate a deal. There’s a strong history between the player and team here – Petry played just over 500 games in a Canadiens uniform over parts of eight seasons, tallying 70 goals, 178 assists, 248 points, and averaging 22:42 per game. Montreal honored his trade request last summer, too, shipping him to a team thought to be playoff-caliber at the time.

Obviously, it didn’t quite pan out. Petry himself had an acceptable season for his role, scoring five goals, 26 assists and 31 points in 61 games and posting respectable possession metrics with a 51.5% Corsi for at even strength. Still, he was part of a quickly-aging core in Pittsburgh that sputtered last season, especially when it came to depth scoring. The Penguins missed out on postseason play for the first time since 2006 because of it, and only the second time while Sidney Crosby’s been a member of the team.

That being said, Petry is still a good second-pairing defender and an excellent third-pairing option if his next team shelters his minutes further. The right-shot can routinely produce upwards of 40 points in a full season and, while he’s far from a shutdown defender, isn’t a liability in his own zone.

Per Johnston, the Dallas Stars are likely to emerge as a fit for his services. They’ve had rumored interest in Petry at multiple points over the past couple of seasons, and they’d been reportedly looking to add on defense earlier in the offseason to no avail. Like most other teams looking to contend for the Stanley Cup next season, though, it would require a fair amount of cap gymnastics to get a deal done, even with Petry’s bargain bin price.

The Stars are currently projected at $317.8K over the $83.5MM Upper Limit for next season with a full 23-player roster, according to CapFriendly. Simply exposing veteran depth defenders Gavin Bayreuther and Joel Hanley to waivers and assigning them to the AHL would not clear the room to add Petry – they’d still need to clear about $1MM to be cap-compliant. The only waiver-exempt player on the roster who could feasibly start the season in the minors is defenseman Thomas Harley, although Dallas would love to see him take on a larger NHL role this season. Wyatt Johnston also does not require waivers, but he’ll be sticking with the team in a top-nine role in 2023-24 after scoring 24 goals and 41 points during his rookie campaign last year. With that in mind, the Stars would likely need to ship a roster player back to Montreal in any prospective Petry trade to make a deal work or make a corresponding trade with another team.

Photo courtesy of USA Today Sports.

No Extension Talks Yet Between Canadiens And Samuel Montembeault

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After last season, Canadiens goaltender Samuel Montembeault and GM Kent Hughes both expressed interest in trying to work out a contract extension.  However, the netminder recently told Simon-Olivier Lorange of La Presse that there have been no discussions on that front at this time.

The 26-year-old is coming off his best NHL performance so far, getting into a career-best 40 games last season while posting a 3.42 GAA and a .901 SV% (also a career-high).  On the surface, those numbers don’t stand out but Montreal used a very young and inexperienced back end last season and his save percentage was ten points better than veteran Jake Allen.

Montembeault’s performance helped to earn him a spot on Canada’s entry at the Worlds back in May.  He quickly locked down the number one and made seven starts, putting up an impressive 1.42 GAA with a .939 SV% to help take home a gold medal.

At the moment, there is a bit of a logjam between the pipes in Montreal with Montembeault and Allen being joined by recent trade acquisition Casey DeSmith.  Prospect Cayden Primeau is also waiver-eligible for the first time as well and could conceivably also be in the mix.  However, it won’t be Montembeault getting moved to make room as Hughes reached out to the netminder’s agent to confirm as much.

Montembeault is entering the final year of his contract which carries an AAV of $1MM.  With a total of just 103 NHL appearances under his belt so far, he likely doesn’t have enough of a track record to command top-level backup money but something in the high-$2MM range or low $3MM range could be doable if he puts together a similar showing in 2023-24.  But with Montreal’s current priority seeming to be trying to flip DeSmith and Jeff Petry (also acquired last weekend), it might be a little while yet before talks on a new deal for Montembeault begin.

Canadiens Add Fernando Pisani To Scouting Staff

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  • The Canadiens have hired former NHL winger Fernando Pisani as an amateur scout, per their Hockey Operations page. He spent eight seasons playing at the top level, getting into 462 games between Edmonton and Chicago.  Since then, Pisani has spent the last nine seasons working as either an assistant coach or a development coach primarily at the CIS and WHL levels.  This will be his first foray into scouting.

List Of Players Expected To Start 2023-24 On LTIR

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We’re at the point in the summer where most major signings are complete, meaning only a handful of free agents left on the market could still command over the maximum buriable threshold of $1.15MM per year on their next contract. That means financial pictures are mostly set league-wide, and general managers can now focus more on the arduous task of salary cap management.

For many teams nowadays, long-term injured reserve (LTIR) is an important tool in helping teams keep below the salary cap’s Upper Limit, which is set at $83.5MM for 2023-24. It’s not as straightforward as it seems at first glance, though. Placing a player on LTIR does not eliminate their cap hit from the team’s books until they’re activated again. Instead, a team only gains cap relief if they exceed the Upper Limit, and the specific amount of relief received depends on the team’s cap situation on the day they place a player on LTIR. A more detailed explanation of how LTIR works can be found on CapFriendly.

All LTIR situations are not created equal. To be eligible for LTIR, a player must miss at least ten games or 24 days of action. However, they don’t need to be placed on LTIR if they’re projected to miss more than that amount of time. Oftentimes, a team operating far below the Upper Limit that won’t need any relief will simply keep the player on standard injured reserve, especially if they’re relying on an injured player’s cap hit to stay above the Lower Limit (set at $61.7MM next season).

With that said, here is a list of players who are projected to meet the injury requirements for LTIR to start 2023-24:

Atlantic Division

Buffalo Sabres – Jack Quinn

This offseason was a tough break for the young Quinn, who sustained an Achilles injury during offseason training in June and is expected to be out of the lineup through Thanksgiving. While eligible, he’s unlikely to actually be placed on LTIR. He’s still on his entry-level contract and carries a marginal cap hit of $863K, making a move extremely inconsequential to the Sabres, who CapFriendly projects with over $6MM in space.

Florida Panthers – Aaron Ekblad, Brandon Montour

The Panthers are set to begin the season without the services of their top two defensemen, thanks to shoulder injuries sustained and exacerbated during their run to the 2023 Stanley Cup Final. Combined, the players carry a rather significant $11MM cap hit, which should give the Panthers some season-opening flexibility. Ekblad’s expected to miss more time than Montour, but neither is expected to miss the whole season – both should be back in the fold by the time the calendar flips to 2024. CapFriendly currently projects the Panthers dipping into LTIR relief by $1.175MM to start the season.

Montreal Canadiens – Carey Price

The team’s legendary netminder isn’t expected to play again after a knee injury, and he hasn’t suited up since the end of the 2021-22 campaign. He’ll likely spend the last three seasons of his contract (carrying a $10.5MM cap hit) on LTIR. As we covered earlier in the week, Montreal is in a bit of a no man’s land with Price’s contract. They’ll likely either look to shed salary to get under the Upper Limit entirely (which they currently sit around $5MM over) or add money to maximize’s Price’s LTIR relief, which they could then weaponize in-season to be a cap broker for trades.

Tampa Bay Lightning – Brent Seabrook

Like Price, Seabrook will be on LTIR for the remainder of his $6.875MM cap hit contract, which expires next summer. Acquired from the Chicago Blackhawks after his injury made it clear he wouldn’t play again, Seabrook has provided additional options for cap flexibility for the Lightning over the last two seasons. Tampa is expected to use close to all of Seabrook’s potential relief to stay compliant throughout the season.

Toronto Maple Leafs – Jake Muzzin, Matt Murray

While not confirmed, Muzzin’s playing future remains in serious doubt after sustaining a cervical spine fracture at the beginning of last season. No recent update has been issued on his recovery, and he’s expected to miss the entire 2023-24 campaign and will spend the final year of his contract on LTIR. Murray’s situation is shrouded in much more mystery, however. The team announced last month he’d begin next season on LTIR, but no specific details of his injury were confirmed, and no timetable was issued for a potential return. Murray missed significant time last season with a concussion and an adductor injury.

Metropolitan Division

Philadelphia Flyers – Ryan Ellis

Forwards Cam Atkinson and Sean Couturier are expected to return to the lineup after missing all of last season with injuries, but the same can’t be said for Ryan Ellis. President of hockey operations Keith Jones said a few days ago that Ellis is unlikely to “be able to continue his playing career because of a torn psoas muscle in his back.” Ellis played just four games for the Flyers after they acquired him from the Nashville Predators in 2021 before sustaining the career-ending injury.

Washington Capitals – Max Pacioretty

Pacioretty’s timeline for a return after sustaining back-to-back Achilles injuries isn’t clear, but he likely won’t be available to the team to start the season and should meet the requirements for LTIR. The financial circumstances surrounding the potential relief will be tricky to navigate given the performance bonuses included in his contract, however. Pacioretty should be joining the Capitals after signing a one-year deal last month, sometime in November or December if everything goes well in his recovery.

Central Division

Arizona Coyotes – Jakub Voracek, Shea Weber, Bryan Little

All three are players acquired by the Coyotes for the express consideration of helping them stay above the cap floor – which they are now far above after being big players on the free-agent market this summer. Nonetheless, all three are done with their NHL careers due to various injuries and will remain members of the Coyotes organization by contract only.

Colorado Avalanche – Gabriel Landeskog

Colorado will be without their captain for a second straight season after the winger underwent a cartilage transplant on his right knee this summer. Landeskog hasn’t played since hoisting the Stanley Cup in 2022, a playoff run during which he played through a knee injury. He’s signed through 2029, and there’s still the potential he plays again, although it won’t be anytime soon.

Pacific Division

Anaheim Ducks – Isac Lundeström

Lundeström projects to be on the shelf through next January after sustaining an Achilles injury during offseason training in Sweden. Given the Ducks are far from the Upper Limit, and Lundeström carries just a $1.8MM cap hit, Anaheim could keep him on standard injured reserve for the duration of his absence.

Vegas Golden Knights – Robin Lehner

All has been quiet on Lehner’s health after he missed all of last season. The All-Star-caliber netminder had double hip surgery last summer, keeping him out for the entire 2022-23 campaign. He was not around the team at all during their run to the 2023 Stanley Cup, and the team has issued no updates on his recovery since undergoing the surgery last summer. Without any indication that he’s close to a return, Lehner closes out our list.

Poll: Who Won The Erik Karlsson Trade?

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For the first time in quite some time, the hockey world saw a blockbuster in early August, watching the San Jose Sharks trade defenseman Erik Karlsson to the Pittsburgh Penguins in a three-team deal. In recent trades over the last several years, teams have typically weaponized cap space as a third-team, retaining salary and usually getting mid to late-round picks in return. A unique aspect of this trade, however, is that the third team, the Montreal Canadiens, were able to take care of some business they had been hoping to accomplish for a while, namely removing forward Mike Hoffman’s salary off their books.

Running up to the Karlsson trade, speculation had arisen about how much the Sharks would eventually retain on Karlsson’s contract, and for the most part, it was much lower than many experts had theorized. San Jose only retained $1.5MM (13%) of Karlsson’s $11.5MM salary, effectively clearing $10MM from their cap table over the next four years. Nevertheless, the Sharks did take back salary in exchange with Hoffman ($4.5MM), Mikael Granlund ($5MM), and Jan Rutta ($2.75MM), but all three of these deals will be off their books after the 2024-25 NHL season.

Lastly, at face value, the Penguins appear to be the undeniable winner in this deal. Even though he has not played a game for Pittsburgh, acquiring the best player in the deal always looks good. Surprisingly though, and maybe even more importantly long-term than acquiring Karlsson, the Penguins were able to move some poor contracts out from the Ron Hextall era, including Granlund, Rutta, Casey DeSmith ($1.8MM), and Jeff Petry ($4.69MM – 25% retained). New General Manager Kyle Dubas was able to add a $10MM player in Karlsson, while also creating $3MM of cap space in the same deal, a feat that has been largely difficult for most teams in the salary cap era.

Now that the complete trade is public and final, and knowing the perspectives of all three teams, who do you think ultimately won the Karlsson trade?

Who Won The Erik Karlsson Trade?
Pittsburgh Penguins 59.75% (1,642 votes)
Montreal Canadiens 27.98% (769 votes)
San Jose Sharks 12.26% (337 votes)
Total Votes: 2,748

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