Trade Deadline Primer: Florida Panthers
With the Olympic break upon us, the trade deadline is under a month away. Where does each team stand, and what moves should they be looking to make? After looking at bubble teams in recent days, we now shift the focus to teams currently in a playoff spot. Next up are the Panthers.
Winning the Stanley Cup is a war of attrition, and while the Florida Panthers have been remarkably successful over the last few years, the scars of their relentless chase of championships have come to a head this season. The club has played deep into the spring and early summer for three straight years, but do not currently look positioned to do the same this year. The Panthers sit third-to-last place in the Eastern Conference, eight points adrift of the Boston Bruins, who occupy the second wild card spot. Captain Aleksander Barkov, the team’s most valuable player, suffered an injury that will cost him the entire season, and star Matthew Tkachuk has been limited to just 10 games as a result of an injury of his own. Seth Jones, one of their top defensemen, is also on long-term injured reserve. While the Panthers can never be counted out to provide a late-season surge, it’s questionable whether the best path forward for the franchise would be investing more deeply into a 2025-26 season that continues to slip away.
Record
29-25-3, 8th in the Atlantic (15.7% playoff probability)
Deadline Status
Short-term sellers/long-term buyers
Deadline Cap Space
$2.56MM on deadline day, 0/3 retention slots used, 45/50 contracts used, per PuckPedia.
Upcoming Draft Picks
2026: FLA 2nd, WSH 2nd, CHI 4th, FLA 5th, FLA 6th
2027: FLA 2nd, FLA 3rd, FLA 4th, FLA 5th, FLA 6th, WSH 6th, FLA 7th, SJS 7th
Trade Chips
While the Panthers have taken a notable step back this season, don’t expect their competitive downturn to be a permanent one. The Panthers still have a core of players locked into long-term contracts that remains the envy of the league, and will enter next season healthier and better-rested than they have been in years. As a result, the Panthers are unlikely to enter into this season’s deadline with much interest in subtracting players who might be able to fit into the team’s roster puzzle starting next season.
The Panthers don’t figure to have an abundance of trade chips at their disposal. While some veterans such as Evan Rodrigues and Eetu Luostarinen would make valuable trade assets, the fact that each has an extra year on their contract at an affordable cap hit ($3MM each) makes keeping them more valuable to the Panthers than trading them. The Panthers have every intent of returning to true Stanley Cup contention as soon as next season, so it doesn’t make sense to subtract too dramatically from a formula that has worked so well. (This season’s results notwithstanding.)
With that said, Florida isn’t totally without players they could trade over the next month – they just aren’t likely to fetch the team a huge amount of value in return. A.J. Greer is having the most productive season of his career, and brings three valuable traits contenders look for at the deadline: size, depth production, and Stanley Cup experience.
He’s scored 11 goals and 21 points in 57 games this season, which is already a career-high. Given how much money Florida already has committed to its roster for next season, Greer’s performances may be pricing himself out of remaining in Florida beyond the deadline.
Veteran center Luke Kunin, also a pending UFA, was a trade asset last season when the San Jose Sharks received a fourth-round pick from the Columbus Blue Jackets in exchange for his services. Kunin is unlikely to cost as much this year, seeing as he’s averaging the fewest minutes of any regular forward in head coach Paul Maurice’s lineup. But Kunin has won 51.5% of his draws this season, and is averaging a little over a minute on the penalty kill, so teams looking for a cheap veteran depth center could be interested.
On defense, the only option that works as a rental is veteran Jeff Petry, as the 38-year-old is the only NHL regular on the blueline who is a pending UFA. Petry has over 1,000 games of NHL experience and has been a regular for the Panthers, playing in 55 of the team’s 57 games and averaging 14:51 time on ice per game. While he likely wouldn’t return the Panthers significant value, he could be a player of interest to teams looking to shore up their blueline depth in a way that won’t break the bank.
Team Needs
Healthy Core Players: Ultimately, no external addition the Panthers could realistically make would be as impactful as getting their players back to full health. This is a team whose competitive fortunes look totally different with Barkov in the lineup. With Jones also on injured reserve, the Panthers are down their most important overall player, as well as one of their top defensemen. Since Barkov is extremely unlikely to return in 2025-26, the Panthers are likely best-served prioritizing building up their odds of contending next season, rather than in what remains of this year.
Cost-Controlled Depth: The closest modern-day comparable to what the Panthers have achieved in the past two years is the Tampa Bay Lightning of the first few years of the decade, as they won back-to-back titles and lost in another Stanley Cup Final. Beyond their elite core group of players, the Lightning were able to build a dominant contender because of the significant surplus value they mined in the depth roles of their lineup.
Photos courtesy of Jayne Kamin-Oncea-Imagn Images
Buffalo Sabres Recall Zach Metsa
The Buffalo Sabres announced this morning that they have recalled defenseman Zach Metsa from their AHL affiliate, the Rochester Americans.
Metsa was originally reassigned at the start of the Olympic break. He’s spent a larger portion of this season on the Sabres’ NHL roster. Since Buffalo next plays on Wednesday, the same day the Americans have their next game, Metsa would not get the chance to play in any additional games by remaining on the AHL roster, hence today’s recall.
Today’s recall comes during what has been the most successful campaign of Metsa’s pro career. The 27-year-old is an undrafted player who signed with the Sabres coming out of college, where he captained Quinnipiac University to a national championship in 2022-23. Metsa has developed at a steady pace at the AHL level, going from 24 points in 54 games in his rookie season to 46 points in 69 games as a second-year pro.
This season, Metsa has 15 points in 16 games as his performances earned him a depth role at the NHL level. While he hasn’t yet earned the trust of head coach Lindy Ruff to the point where he’s trusted to play a strong diet of minutes (he averages just 9:42 time on ice per game) he has gotten into 26 NHL games.
If Metsa can continue to earn the trust of Ruff, the Sabres could end up getting real surplus value on Metsa’s contract. The two-year deal he signed in July of last year has an additional season remaining at a $775K NHL salary and $325K total guarantee.
While Metsa isn’t playing very much in the NHL right now, if he can build himself to the point where he’s relied on as a capable third-pairing or even No. 7 defenseman, his league-minimum NHL cap hit should give the Sabres solid cap savings next to what a comparable player might cost on the open market.
When Metsa was sent down on Feb. 6, he was reassigned alongside two young Sabres forwards: Konsta Helenius and Isak Rosén. Neither player has been recalled to this point, but given how well each has played at the AHL level this season, it would be a surprise to see them spend too much time in Rochester in the remaining portion of the season.
Evening Notes: Tanev, Avalanche, Fibigr
Due to a significant groin injury, veteran defenseman Chris Tanev has been limited to 11 games this season with the Toronto Maple Leafs. Again trying to rehabilitate the injury, THN’s Nick Barden reported that Tanev took to the ice on his own today, and the Maple Leafs will decide by the end of the weekend if he’s good to return to practice.
Still, there’s no guarantee Tanev will even return this season. After missing a month of action from November 1st to December 23rd, Tanev appeared in only three games before suffering a similar injury. He opted for rehab instead of surgery at the time, and it appears he’s trying to do the same thing this time around.
However, the door remains open on surgery, and it may be the most beneficial option. It would give Tanev ample time to recover and ramp up physical activity throughout the offseason to ensure he’ll be healthy for the 2026-27 campaign. Toronto could still return to the postseason conversation when they return from the Olympics, but they’ll have their work cut out for them in a hotly contested Atlantic Division.
Additional notes from this evening:
- The Colorado Avalanche have announced a new ECHL expansion franchise for the 2026-27 season. The New Mexico Goatheads will replace the Utah Grizzlies as Colorado’s ECHL affiliate next season, and the latter team will be moving to Trenton, NJ. It’ll be the newest ECHL affiliation with the Avalanche since the Colorado Eagles moved to the AHL in 2018.
- According to his Instagram account, defenseman prospect Jakub Fibigr has committed to Ohio State University for next season. The 19-year-old Czech was drafted by the Seattle Kraken in the seventh round of the 2024 NHL Draft. He’s scored nine goals and 33 points in 44 games split between the OHL’s Brampton Steelheads and Windsor Spitfires this season.
Florida Panthers Injury Updates
Injuries have significantly impacted the Florida Panthers’ pursuit of a third consecutive Stanley Cup. However, assuming there are no further setbacks, they could return a trio of players shortly after the Olympic break.
In an update from the team, the Panthers could return Tomas Nosek, Dmitry Kulikov, and Jonah Gadjovich in their road trip at the beginning of March. That would indicate that each player should only miss a game or two before being activated from the long-term injured reserve.
Head coach Paul Maurice provided a quote explaining the situation, saying, “They’ll go probably non-contact this week and then maybe get released for contact in and around the Toronto game (at home on Feb. 26), which would keep them out of those games. But if they can get through the week, then somewhere on the road trip there will be a chance they’ll come back. I just don’t know the answer to a lot of them. They’ve been off for an awfully long time. We do need to get them into to a certain level of confidence before [they return].”
None of the three would provide Florida with a game-changing addition by any stretch, though a return of all three would drastically improve the team’s depth. Absent netminders, the Panthers have used 28 different players this season and have eight players currently dealing with some injury or another.
Nosek has missed the most time. After suffering a significant knee injury during offseason training that required surgery, Nosek has remained sidelined for the entire 2025-26 season up to this point. His first season with the Panthers came last season, scoring one goal and nine points in 59 games, averaging 9:49 of ice time.
Meanwhile, Kulikov has also been out for much of the 2025-26 campaign. Suffering a torn labrum in early October, the 35-year-old has been limited to two games this season. Throughout his last two years in Florida, he’s credited with five goals and 33 points in 146 games with 259 hits.
Like Kulikov, Gadjovich has also been out of the lineup since October. Also undergoing surgery, Gadjovich has only appeared in 10 games this year. As the Panthers continue their push toward the postseason, returning several of their injured players and adding a piece or two at the deadline should help in that endeavor.
Metro Notes: Quick, Marchenko, Romanov, Robinson
Already missing Igor Shesterkin, the New York Rangers don’t have much wiggle room to lose another goaltender to injury. Earlier today, according to Peter Baugh of The Athletic, de facto starter Jonathan Quick left practice early due to a lower-body injury.
Fortunately for Quick and the Rangers, his exit from practice was described as a precaution. Even if it’s something mild, the Rangers have five more days until their return to action, giving Quick ample time to recover. Since taking over the net in early January, Quick has managed a 1-8-1 record in 10 games with a .852 SV%.
If the Rangers reciprocate, it likely won’t be Quick’s last year with the team. In an interview with Peter Botte of the New York Post, Quick said, “I’m happy here. I want to be here. It means a lot to me to wear this jersey.” It’s a similar sentiment to what Quick has had in the past, and he’s not expected to be one of the several pieces the team sells off leading up to the trade deadline.
Other updates from the Metropolitan Division:
- The Columbus Blue Jackets got some good news on the injury front today. According to Aaron Portzline of The Athletic, winger Kirill Marchenko returned to practice today. He has been dealing with a lower-body injury since before the Olympic break, but was expected to return after. He’s played an integral role in the Blue Jackets’ return to the postseason conversation, scoring 19 goals and 46 points in 50 games this season.
- According to Stefen Rosner of The Hockey News, defenseman Alexander Romanov resumed skating for the first time since undergoing shoulder surgery in mid-November. Unfortunately, despite the encouraging update, there is no change to his recovery timeline. Romanov, who’s tallied one assist in 15 games this season, isn’t expected to return this season unless the New York Islanders reach the second round of the Stanley Cup playoffs.
- Ryan Henkel of The Hockey News reported that the Carolina Hurricanes are expected to have forward Eric Robinson back after the Olympics. He shared a quote from head coach Rod Brind’Amour, saying, “We’re not rushing it but we’re pretty sure… well, it’s trending like he’ll be ready to go.” He’s been recovering from an upper-body injury since January 21st.
Olympic Notes: Crosby, Morrissey, Thompson, Pospisil
With the chance to win his third Gold Medal, all eyes are on whether captain Sidney Crosby will play for Team Canada tomorrow. Crosby left Canada’s quarterfinal matchup against Czechia due to a lower-body injury and didn’t appear in the semifinal contest against Finland.
Earlier today, TSN’s Ryan Rishaug reported that there’s a “70% chance” that Crosby will play tomorrow. Head coach Jon Cooper and the rest of Team Canada’s staff wanted to see how Crosby handled practice this morning and what his limitations will be tomorrow morning (local time).
Regardless, it would be unimaginable for Crosby not to play in what is likely the last Olympic tournament of his career. Even if he has to take a page out of Victor Hedman‘s book, who remained on Team Sweden’s bench for the quarterfinal game after suffering an injury in warmups, Crosby will likely suit up in some capacity tomorrow.
Other notes from the Olympics:
- One player who will not play for Team Canada tomorrow is defenseman Josh Morrissey. Earlier this week, it seemed that Morrissey might return from his upper-body injury by the semifinals. However, Mike McIntyre of The Winnipeg Free Press reported that he has already been ruled out of the Gold Medal game. Media personnel asked Cooper if he could clarify Morrissey’s injury and if he suffered any setbacks, to which Cooper replied, “No. With all due respect to Winnipeg.“
- After leaving yesterday’s game in the third period for precautionary reasons, Tage Thompson was back on the ice with Team USA this morning. Given that he was back on the ice, there’s every indication he’ll be in the lineup tomorrow morning. He has had a strong performance so far, scoring three goals and four points in five games with a +3 rating.
- In today’s Bronze Medal game between Finland and Slovakia, the latter club was without Martin Pospisil, who has been dealing with a nagging injury for most of the Olympic tournament, according to Arpon Basu of The Athletic. There could be some cause for concern, given that Pospisil missed a decent chunk of the 2025-26 season due to an undisclosed injury in training camp. He finished the Olympics with one assist in six games.
Jonathan Lekkerimaki To Undergo Season-Ending Surgery
It has been a bit of a tough season for Canucks winger Jonathan Lekkerimaki. He dealt with an early-season injury and has bounced around between Vancouver and AHL Abbotsford. Now, his campaign is coming to a premature end as CHEK’s Rick Dhaliwal reports (Twitter link) that Lekkerimaki is set to undergo season-ending shoulder surgery.
The 21-year-old was the 15th overall selection by Vancouver back in 2022 but hasn’t been able to establish himself as a regular with them yet. He missed a little more than a month to start the season with that injury and has had three stints with AHL Abbotsford and two others with Vancouver since mid-November.
One of those NHL opportunities came in the weeks leading up to the Olympics as Lekkerimaki got into Vancouver’s last five games before the break. On the season, he has a pair of goals along with an assist in 13 outings while averaging 11:41 per night. That production was in line with how he fared last season when he notched three goals and three helpers in his first 24 career NHL contests.
Lekkerimaki had fared much better in the minors. He’s tied for fourth in team scoring despite only playing in 21 of 52 games with 13 goals and seven assists. Four of those points came in five games after being sent down to get some more game action in during the Olympic break.
While it was expected that Lekkerimaki would return to Vancouver following the break or soon after depending on trade deadline activity, that’s clearly no longer an option with this news. Now, his sophomore year has come to a premature end and he’ll head into training camp in the fall looking to grab a hold of a full-time NHL spot for the first time.
Mammoth Recall Scott Perunovich And Kevin Connauton
With Olli Maatta still taking part in the Olympics, the Mammoth have brought up some extra defensive depth for practice. The team announced (Twitter link) that they’ve recalled defensemen Scott Perunovich and Kevin Connauton from AHL Tucson.
Perunovich is in his first season with Utah after signing a one-year, two-way deal with them back in free agency. A veteran of 108 career NHL appearances, he has yet to make one this season as he has played exclusively with the Roadrunners, his first extended AHL run since 2022-23. The 27-year-old has been quite productive in Tucson, notching three goals and 27 assists in 43 games to lead all team blueliners in scoring.
As for Connauton, he has 360 career NHL outings under his belt but none since the 2021-22 campaign. The 35-year-old is in the second and final season of his two-way deal and has suited up in 23 games with the Roadrunners this season where he has two assists. At this point, it seems likely that both he and Perunovich’s time with the big club will be short-lived with Utah’s back end fully healthy coming out of the break.
With the recalls, Utah’s active roster now sits at 22 players, one shy of the maximum. It’s worth noting that the team has moved Maatta and winger Clayton Keller to non-roster status, so it’s possible that another player will be brought up for practice purposes over the next couple of days.
Atlantic Notes: Tuch, Kulikov, Nosek, Zacha
While Sabres GM Jarmo Kekalainen called extending pending UFA winger Alex Tuch a top priority after being named to the position, it doesn’t appear progress is being made on that front. In a recent appearance on DFO Live (video link), The Fourth Period’s David Pagnotta reported that while the sides remain communicative, they aren’t getting any closer to getting a deal in place. The 29-year-old is in the middle of another strong season, as he has posted 22 goals and 26 assists in 56 games so far. At this point, it’s likely that he’ll more than double his current $4.75MM AAV based on comparable wingers to sign extensions in recent months. But even if Kekalainen isn’t willing to pay that price tag just yet, it’s unlikely that he’d turn around and move Tuch before the March 6th trade deadline with Buffalo in the playoff picture as they look to reach the postseason for the first time since 2011.
Elsewhere in the Atlantic:
- The Panthers welcomed a pair of veterans back to practice today. Team reporter Jameson Olive noted (Twitter links) that defenseman Dmitry Kulikov and center Tomas Nosek both took part in today’s skate in non-contact jerseys. Kulikov suffered an upper-body injury in the second game of the season and has been out since then. The initial recovery period was expected to be between five and six months so Kulikov may be a little while yet before returning. As for Nosek, he has yet to play this season due to a knee injury. Both players are currently on LTIR and would give the Panthers some depth upgrades for the stretch run once they’re able to return.
- Bruins center Pavel Zacha took part in practice today in a regular (contact) jersey, relays Steve Conroy of the Boston Herald (Twitter link). The 28-year-old has been working his way back from a concussion and was initially expected to be able to play for the Czechs at the Olympics. Instead, recovery has been slower than expected, causing him to withdraw, and he was in a non-contact sweater as practices resumed this week but this is a step in the right direction. Zacha had 11 points last month before being injured and sits fourth in Boston scoring with 37 points in 54 games this season.
Mikko Rantanen To Miss Bronze Medal Game Due To Injury
A handful of key NHL players have been sidelined with an injury at the 2026 Olympics. Another player has been added to that list as Lejionat’s Jaakko Pertilla reported that Finnish winger Mikko Rantanen was scratched for the Bronze Medal Game against Slovakia due to a lower-body injury.
Rantanen was a full participant in Saturday’s semi-final matchup against Canada. He scored the opening goal of the game and logged 16:09 of ice time in 25 shifts. The 29-year-old came into today’s game as Finland’s leading scorer with two goals and four assists in five games with an ATOI of 18:14.
Of course, this is significant news for Rantanen’s NHL team as well as the veteran is the leading scorer for the Stars this season. In 54 games, he has 20 goals and 49 assists while averaging more than 20 minutes a night of playing time. Any absence from NHL games would be significant.
To that end, Sportsnet’s Elliotte Friedman reports (Twitter link) that the injury occurred in the third period on Saturday and is not considered to be season-ending. He’s expected to be evaluated when he returns to Dallas to determine the exact severity and how much time he could miss.
Taking Rantanen’s spot on Finland’s top line is Oliver Kapanen, who has been scratched for three games and dressed as the 13th forward without seeing the ice in the other two. Meanwhile, Eeli Tolvanen will return to the lineup after being healthy-scratched versus Canada.