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Canucks Acquire Evander Kane From Oilers

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11:01 a.m.: The trade call is complete, and the Oilers have now announced the deal.

10:01 a.m.: The Oilers and Canucks are working on a trade that would send winger Evander Kane to Vancouver if completed, Elliotte Friedman of Sportsnet reports Wednesday. Kane has confirmed the move himself on his X account. The Canucks are sending the Senators’ 2025 fourth-round pick (No. 117 overall) to Edmonton in return, according to Frank Seravalli of Daily Faceoff.

Kane had frequently been speculated as a trade candidate in the days since the Oilers lost their second consecutive Stanley Cup Final. Edmonton requires additional salary cap flexibility this summer to iron out a new deal for restricted free agent defenseman Evan Bouchard while reserving space for potential depth scoring and goaltending upgrades.

The 33-year-old winger is entering the final season of the four-year, $20.5MM contract he signed with the Oilers in 2022, which carries a $5.125MM cap hit. Edmonton is not retaining any of his salary, per Ryan Rishaug of TSN. Kane had a 16-team approved trade list as protection, but it doesn’t appear that was a hiccup for today’s move. Vancouver, Kane’s hometown, was his preferred destination if traded, LeBrun reports.

Kane’s move comes amid an active league inquiry into the Oilers’ handling of his surgeries and subsequent long-term injured reserve placement that kept him out for the entire 2024-25 regular season. The 6’2″ lefty underwent a wide-ranging abdominal/hip surgery last offseason but waited until the beginning of training camp to do so, keeping him sidelined until an expected January return.

Edmonton then announced shortly before he was due to return that Kane needed knee surgery, which paused his recovery from the previous surgery and added weeks to his return timeline. He wasn’t cleared to return until Game 2 of the first round, and the Oilers used the cap space Kane’s LTIR placement created to acquire defenseman Jake Walman from the Sharks in the week before the trade deadline. That surgery was recently reported as addressing a congenital issue, raising concerns with the league about the team’s decision to have him undergo the surgery at that point.

Upon returning to action in the playoffs, Kane’s performance was as expected. Even for his injury troubles and disciplinary concerns – he led the Oilers with 44 PIMs in the postseason – he’s still an extremely effective top-nine scorer and posted a 6-6–12 scoring line in 21 games. His defensive impacts continue to drag on his value, though. While never a stalwart shutdown winger by any stretch, his possession play was historically competent enough to help compensate for his defensive faults. That hasn’t been the case during his last couple of seasons in Edmonton, though, and it was especially apparent in the playoffs. Kane’s 45.5 CF% at even strength was 16th out of 23 Oilers skaters, while his relative impact of -6.5% was 18th.

That won’t be of enormous concern to Vancouver, though, especially with just one season left on his deal. The Canucks desperately needed to acquire scoring depth this offseason, and they’ll accomplish that in a pure form with Kane’s pickup. He’s averaged 29 goals and 54 points per 82 games over his 16-year NHL career. Those numbers would have put him in the team lead in goals and second in points last season. Vancouver only averaged 2.84 goals per game, 23rd in the league. Health is a legitimate concern – Kane’s only topped the 70-game mark once in the last five seasons – but with no long-term financial risk and a minimal acquisition cost, it’s a risk worth taking.

Kane should be penciled into a top-six role in Vancouver. He could even see increased minutes as a top-line wing option for Elias Pettersson, particularly with the Canucks expected to lose Brock Boeser in free agency next week.

As for the Canucks’ salary cap picture, they’re down to just over $7MM in space but have just one roster spot to fill assuming depth names like Linus Karlsson and youngsters like Jonathan Lekkerimaki and Victor Mancini get cracks on the opening night roster in the fall. While Boeser won’t be back in the picture, they have the flexibility to iron out an extension to keep center Pius Suter off the UFA market if they choose.

Rick Dhaliwal of CHEK TV was the first to report that the Oilers received a mid-round draft pick in return for Kane.

Image courtesy of Perry Nelson-Imagn Images.

Senators Notes: First-Round Pick, Forsberg, Merilainen, Søgaard

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After qualifying for the postseason for the first time since the 2016-17 season, speculation began that the Ottawa Senators could look to make a notable addition this summer to continue their winning ways. It doesn’t appear that an addition of that magnitude will be made at the draft, as General Manager Steve Staios shared on TSN 1200 that the Senators are more inclined to move down in the first round, rather than move up.

The Senators should have quality options available to them with the 21st overall pick of the 2025 NHL Draft. Still, it makes little sense to move up in this summer’s draft, which has been perceived as weaker than normal, unless they’re willing to make an offer for a top-four selection. According to PHR’s 2025 NHL Mock Draft by Gabriel Foley, the Senators are projected to select center Cole McKinney from the U.S. National Team Development Program, should they retain their pick.

As a counterpoint, the same reason it makes little sense for Ottawa to move up in the draft could be the same reason another team isn’t interested in helping them move down for additional assets. Teams may not see much discrepancy in talent from picks 20 to 32nd, giving them little reason to include additional draft picks to move up a few spots in the draft order.

Other notes from the Senators:

  • Stemming from the same interview with TSN, Bruce Garrioch reports that the Senators are interested in re-signing Anton Forsberg, but it’s not a priority. The expectation is that Forsberg will become an unrestricted free agent on July 1st and make a decision then. Forsberg is coming off a quality season as Ottawa’s backup netminder, managing an 11-12-3 season in 30 games with a .901 SV% and 2.72 GAA. AFP Analytics projects a two-year, $3.4MM contract for Forsberg, which should be feasible for a team with $10.7MM in cap space.
  • If the Senators and Forsberg can’t agree on a contract moving forward, Staios suggests he’s comfortable with Ottawa’s in-house options. Garrioch shares that the Senators would use Leevi Merilainen or Mads Søgaard as the backup next season, with a competition taking place during training camp and preseason. Both netminders played sparingly for Ottawa in the 2024-25 season, with the former maintaining a .925 SV% through 12 games. Still, Søgaard is the only one signed through next season, with Merilainen entering the summer months as a restricted free agent.

Snapshots: McKenna, Peterka, Dobson, Pacioretty

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Although the 2025 NHL Draft is only a few days away, the projected first overall pick of the 2026 NHL Draft is already making waves. The expectation is that Gavin McKenna, currently rostered with the WHL’s Medicine Hat Tigers, will play in the NCAA for the 2025-26 season.

In this week’s rendition of 32 Thoughts, podcast host Elliotte Friedman shared that McKenna has completed interviews with Penn State University, Michigan State University, the University of Michigan, and the University of Denver. Friedman lists the former two as the perceived favorites, but all four programs are expected to compete for a National Championship next season.

Any program that lands McKenna will have successfully recruited a generational talent. McKenna scored 41 goals and 129 points in 56 games for the Tigers this season, with another nine goals and 38 points in 16 postseason contests en route to a Memorial Cup Final finish. To put McKenna’s season into perspective, Connor McDavid scored 28 goals and 99 points in 56 games for the OHL’s Erie Otters in his age-17 season, with another four goals and 19 points in 14 postseason games.

Other snapshots:

  • According to Frank Seravalli in the DFO Rundown podcast, the Buffalo Sabres and New York Islanders have had loose trade negotiations regarding forward JJ Peterka and defenseman Noah Dobson. A one-for-one swap would fill an area of need for both organizations, with the Sabres prioritizing a right-handed defenseman and the Islanders looking to jumpstart a lethargic offense. Still, both teams are continuing to gauge the market for each player, and a trade isn’t considered imminent.
  • Nick Alberga of The Leafs Nation reports that the Toronto Maple Leafs remain interested in re-signing winger Max Pacioretty for next season. Despite a solid postseason performance, Pacioretty should warrant a relatively cheaper contract, given he missed more than half of the season due to injury. Still, Alberga notes that Pacioretty is prioritizing remaining close to his family in Michigan, meaning his desired employer will come down to the Maple Leafs and the Detroit Red Wings.

Morning Notes: McDavid, Hertl, Kostin

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Yesterday evening, TSN’s Ryan Rishaug gave a brief update on contract extension negotiations between Connor McDavid and the Edmonton Oilers. Rishaug shared that General Manager Stan Bowman and team President and CEO Jeff Jackson are in Ontario to meet with McDavid’s agent, Judd Moldaver, to begin informal negotiations.

This week’s negotiations will reportedly focus on ’big picture’ issues, as the two sides are not close to exchanging numbers. The talks are expected to last well into the summer months and may not be solidified until closer to training camp, similarly to Leon Draisaitl’s recent extension.

Last week, Pierre LeBrun of The Athletic reported that McDavid was in no rush to sign an eight-year extension with the Oilers, hinting toward a contract similar to Auston Matthews’ with the Toronto Maple Leafs. In the perceived driver’s seat for the negotiations, a shorter-term contract would allow McDavid to pursue other options if the Oilers fail to capitalize on their Stanley Cup contention window.

Other morning notes:

  • 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.
  • With the salary cap increasing, there will be significantly fewer non-tender candidates this summer. One player expected to depart is from the San Jose Sharks, as Seravalli reports that Klim Kostin will likely not receive a qualifying offer from the team. Shortly after, Curtis Pashelka of The Mercury News shared that instead of seeking another NHL opportunity, Kostin is expected to take his talents to the KHL with Avangard Omsk. Kostin last played for Omsk back during the 2020-21 season on loan, scoring seven goals and 18 points in 43 contests.

Pacific Notes: Elias Pettersson, Marner, Eklund

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While the trade rumors don’t seem to subside related to the Vancouver Canucks’ forward Elias Pettersson, The Athletic’s Pierre LeBrun doesn’t believe the star forward will be dealt.

Rumors surrounding Petterson have been circulating since the trade deadline. At that time, the team was struggling, and Pettersson and J.T. Miller were at the forefront of trade speculation. While Miller was eventually dealt to the New York Rangers, Pettersson remained with the franchise that drafted him fifth overall in the 2017 NHL Draft. Despite a difficult 2024-25 season, Pettersson is still just 26 years old and already has five seasons with 27 or more goals to his name, and is two seasons removed from a 102-point campaign.

If the team does intend to move Petterson, they’ll have to do so before his full no-move clause kicks in July 1.

Elsewhere in the Pacific:

  • The Athletic’s Chris Johnston noted on TSN 1050 that he believes the San Jose Sharks will make a run at pending free agent star Mitch Marner. While the Sharks have more than enough cap space to make the signing, with over $40 million available according to PuckPedia, and boast young talent like Macklin Celebrini and Will Smith, Johnston noted that he doesn’t view San Jose as a great fit for Marner. As Johnston said, “I would be surprised if he went to a place coming off a rebuild. I think he’s going to go to one of the better teams in the league.”
  • Sharks GM Mike Grier said he is not focused on signing winger William Eklund to an extension and is instead concerned with Eklund’s health above all else, per Curtis Pashelka of The Mercury News. Eklund is eligible to sign a contract extension as of July 1st, and Grier previously seemed committed to getting a deal done, noting that he had met with Eklund’s agent to get an early sense of what the asking price might be. Eklund took his game to the next level last season, posting career highs in goals (17), assists (41), and points (58). However, at the World Championships, he was involved in a scary incident when he was cut on the wrist by a skate. Although he was reported to be in stable condition afterward, the long-term effects remain uncertain.

Central Notes: Marchessault, Predators, Dobson

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Despite ample trade rumors, Nashville Predators general manager Barry Trotz has shut down speculation surrounding veteran forward Jonathan Marchessault. Per John Glennon of the Nashville Post, Trotz stated today that there is no truth to the rumors related to Marchessault’s availability.

Trotz admitted the speculation around Marchessault reached a point where he felt compelled to call the forward’s agent, Pat Brisson, to ensure the rumors weren’t true. As Trotz was quoted, “There’s nothing happening. I didn’t know if anything was happening, so I just double-checked with him that maybe I missed something. I didn’t miss anything.”

Just last offseason, Marchessault signed a five-year, $27.5MM free agent deal with the Predators. In 78 games, the 34-year-old posted 21 goals and 56 points, marking the eighth time he has eclipsed the 20-goal plateau. However, his goal total was half of what he produced in his final season with the Vegas Golden Knights, and the Preds finished with the third-worst record in the league. Moreover, Marchessault had the second-worst plus/minus rating on the team (minus-29), behind only fellow veteran Steven Stamkos. These factors have sparked speculation that Marchessault could draw significant trade interest, but Trotz’s comments today appear to put those rumors to rest.

Elsewhere in the Central:

  • Trotz also expressed confidence in the Predators’ roster, stating his belief that the team is built to compete in the near future. Per team reporter Brooks Bratten, Trotz noted, “We still have enough good players that if we go in the right direction, yes [we can win and compete].” Despite the team’s offensive struggles last season (finishing second-to-last in the league with 212 goals), the Preds do have pedigree at the top of their lineup with the likes of Marchessault, Stamkos, Filip Forsberg, as well as defensemen Brady Skjei and Roman Josi. Holding the fifth overall pick in the upcoming draft, the team is also expected to add an impact prospect to its pipeline.
  • The Fourth Period’s David Pagnotta appeared on “The Sheet with Jeff Marek” and shared his belief that the St. Louis Blues have at least some level of interest in acquiring Noah Dobson from the New York Islanders. The 25-year-old defender posted 10 goals and 39 points in 71 games this past season while averaging just north of 23 minutes per night. While Dobson didn’t replicate his 70-point 2023-24 campaign—due in part to injuries—he should still command a significant return if the Islanders decide to move him.

Metropolitan Notes: Devils, Allen, Lemaire

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The Devils were among a myriad of teams interested in signing Jonathan Toews, and GM Tom Fitzgerald is still in the market for top-six forwards, per The Athletic’s Pierre Lebrun. Lebrun notes that Fitzgerald may be monitoring situations like the one Jason Robertson is currently facing with the Dallas Stars, and added, “Fitzgerald has been active fleshing out the forward market.” While Toews recently agreed to a one-year deal with the Winnipeg Jets, Robertson has been rumored to be available via trade.

While the Devils are led by young stars like Jesper Bratt, Jack Hughes, and Nico Hischier, they were the only players on the team to record more than 55 points last season. The Devils finished 20th in the league last season with 240 goals in the regular season and managed just 11 goals over five playoff games before being eliminated by the Carolina Hurricanes. If they hope to contend with the Eastern Conference’s top teams, they’ll need to boost their offensive production.

Elsewhere in the Metro:

  • Lebrun also notes that Devils’ pending unrestricted free agent goalie Jake Allen is in a strong position, given the limited depth available at the position in this year’s free agency market. As LeBrun notes, Allen led all soon-to-be free agent goalies with a .906 save percentage last season. While Devils GM Tom Fitzgerald has expressed interest in re-signing last year’s backup, Allen is expected to draw substantial interest on the open market. Notably, the Flyers, Oilers, and Sharks have already been linked to Allen.
  • Jacques Lemaire, who has been serving as the New York Islanders’ special assignments coach since 2018, is no longer with the organization, per NHL.com reporter Stefen Rosner. His departure from the Isles makes sense considering he was brought to the team by former GM Lou Lamoriello. Lemaire, 79, enjoyed a Hall of Fame playing career, recording 835 points in 853 NHL games. In 2017, he was named to the league’s “100 Greatest Players” list. He later transitioned to coaching, serving as an NHL head coach for 17 seasons, most notably leading the Devils to a Stanley Cup title in the 1994-95 season.

No Progress On Extension Between Panthers, Aaron Ekblad

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Aaron Ekblad appears the least likely of the Panthers’ three major pending unrestricted free agents to sign a new deal with the club, Pierre LeBrun said on TSN’s Early Trading on Tuesday.

“I’m not going to say there’s no chance he re-signs, but the reality is that I don’t think there’s been a lot of negotiation throughout the year since last summer on Aaron Ekblad,” LeBrun said. “I think the term was an issue the last time both sides talked about a potential extension. There’s some hard miles there on Ekblad, although he’s a very important player on that team.”

Testing the free agent waters isn’t Ekblad’s first choice. During the later stages of their championship run, he was public about his desire to stay with the Panthers, who drafted him first overall in 2014. However, while LeBrun relays that the Panthers aren’t willing to offer him a max-term extension, the AAV of the deal was also a point of contention as recently as a couple of weeks ago, according to David Pagnotta of The Fourth Period.

With Florida not offering him maximum security nor matching the $7.5MM cap hit of his expiring contract, Ekblad may feel he’s leaving too much on the table by staying in Sunrise. He’ll be the most coveted defenseman on the market and will rank high among our top 50 free agents this summer – that list will release ahead of Friday’s draft. Those “hard miles” LeBrun mentioned could sway some suitors away from offering him the most extended contract. Still, as he’s only eligible for a seven-year deal if he hits the market, that may be more appealing to some than an eight-year deal is to the Cats.

Ekblad hasn’t played a full 82-game schedule since 2018-19, and he’s only hit the 70-game mark once since then. He’s lost at least 20 games due to injury in three of the last five seasons, not including the 20-game ban he received this year for performance-enhancing substances.

When healthy this year, though, Ekblad showed he’s still a top-pairing threat when in the lineup. He got some power-play minutes back after Brandon Montour left for the Kraken in free agency last summer, and his point totals rebounded in kind after underwhelming offensive showings in 2022-23 and 2023-24. He produced a 3-30–33 scoring line in 56 games, the fourth-highest points per game rate of his career, and averaged north of 23 minutes per game in the process.

Ekblad’s possession impacts haven’t been elite at any point in his career, but he’s never been a defensive liability, either. That didn’t change in 2024-25, posting a 55.9 CF% at even-strength that was 1.1% higher relative to Florida’s possession play without him on the ice.

The 29-year-old is likely a year or two past his absolute peak earning potential, a risk he took when signing an eight-year, $60MM extension immediately upon becoming eligible to do so in the final year of his entry-level contract. All 11 of his NHL seasons have been spent in a Panthers jersey, and he’s far and away the most impactful defenseman in Panthers franchise history. He’s first in games played (732), goals (118), assists (262), points (380), and second in plus-minus (+96) behind frequent partner Gustav Forsling’s +166 mark over the last five years.

AFP Analytics projects Ekblad could earn $7.8MM per season on a max-term seven-year deal on the open market, meaning right-shot-needy teams who aren’t in a favorable cap position like the Avalanche and Stars won’t be in the conversation. Other teams with more cash to spend in a contending position or looking to make the jump, like the Hurricanes, Sabres, Blue Jackets, and Red Wings, could be legitimate suitors if he doesn’t sign a new deal with Florida.

Image courtesy of Kim Klement Neitzel-Imagn Images.

Lightning Will Not Offer Extension To Cam Atkinson

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The Lightning will not pitch an extension to veteran forward Cam Atkinson, David Pagnotta of The Fourth Period says. He’ll become an unrestricted free agent next week.

It’s far from surprising news. The 36-year-old became a free agent last summer after the Flyers bought out the final season of his seven-year, $41.125MM contract. He didn’t land anywhere on July 1 but was a Day 2 signing by the Lightning, agreeing to a one-year, $900K pact to try and rebuild his value following a challenging 2023-24 season.

Unfortunately, it didn’t work out that way. Atkinson got a few reps in the top six but wasn’t a good fit, and he quickly fell down the team’s depth chart. He was a frequent healthy scratch in the latter half of the campaign and even went on waivers in March to help the Lightning create some salary cap flexibility. He went unclaimed and never suited up for the team’s AHL affiliate in Syracuse, but he was assigned there on more than one occasion to boost their cap space.

Atkinson’s season ended with just 39 appearances, scoring four goals and nine points while averaging nine points per game. It’s been a tough few years for the diminutive 5’8″ winger, who missed the 2022-23 campaign with Philadelphia following offseason neck surgery. His effectiveness was slashed upon returning for 2023-24, limited to 28 points and a -22 rating in 70 games. He was still a 50-point threat pre-injury, looking good in his first season with the Flyers after acquiring him from the Blue Jackets in a one-for-one swap for Jakub Voráček.

Whether Atkinson, one of the highest-scoring players in Columbus franchise history, returns for a 14th NHL season remains to be seen. His market will be limited to league-minimum offers after his tough showing this year, likely without guaranteeing a roster spot. There might still be a fit regarding a reunion with the Blue Jackets as they round out their roster with veteran depth pieces and look to their young core to lift them back to playoff contention in 2025-26.

Matt Martin Announces Retirement, Joins Islanders Front Office

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Longtime Islanders enforcer Matt Martin has announced his retirement, per a club announcement Tuesday. He’ll join the club’s front office as a special assistant to general manager Mathieu Darche.

A fifth-round pick by the Isles as an overager in 2008, Martin rose the ranks quicker than expected for his draft slot and made his NHL debut in February 2010 amid his first professional season. He became a fourth-line fixture in his second season. He maintained that role through the 2015-16 campaign, eventually forming one of the most recognizable checking lines of the decade with Casey Cizikas and Cal Clutterbuck. While never a huge scorer, he did have 10 goals in the final season of his first stint on Long Island and averaged a remarkable 379 hits per 82 games over his first seven NHL seasons.

Martin left Long Island for the Maple Leafs in free agency in 2016, signing a four-year, $10MM contract. While that value indicated Toronto was looking for him to play an increased role compared to his fourth-line deployment in New York, the opposite happened. After averaging around 11 minutes per game with the Islanders, he averaged just 8:33 per game over two seasons in Toronto. He sat as a healthy scratch for much of the 2017-18 season and was traded back to the Islanders the following summer.

Injuries became more of a theme for Martin in his second go-around with the Isles, but he regained his role alongside Cizikas and Clutterbuck and was a lineup fixture when healthy. He was still quite effective as a checking forward up to a few years ago, even matching his career-high 19 points in 2022-23. His ice time and deployment saw a reduction beginning in 2023-24 as his already minimal offensive value disappeared, and he appeared in just 32 games last season after pondering retirement but landing a PTO and subsequent one-year deal to return to New York for his 16th NHL season.

Martin retires as the Islanders’ all-time leader in hits with 3,489, and his 3,936 career checks are 93 short of the all-time record held by his longtime teammate, Clutterbuck, who also recently announced his retirement after not playing in 2024-25. His 855 games played are the eighth-most in franchise history.

All of us at PHR wish Martin the best in retirement and congratulate him on a career that will permanently cement him with the latest iteration of Islanders hockey.

Image courtesy of Tom Horak-Imagn Images.

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