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Jacob Markstrom

Calgary Flames Recall Dustin Wolf, Jacob Markstrom Out With Injury

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The Calgary Flames have recalled top prospect goaltender Dustin Wolf from their AHL affiliate, the Calgary Wranglers, per a team announcement. In the same announcement, the Flames disclosed that starting netminder Jacob Markstrom is considered day-to-day with a lower-body injury.

Today’s transaction will mark the fifth time this season that Calgary has recalled Wolf from the minors. Throughout those five emergency call-ups, Wolf has suited up in six games for the Flames, producing a 1-3-1 record with a .878 save percentage and a 3.91 goals-against average.

Much like last season, Wolf is producing much better at the AHL level, and could be on pace for back-to-back Aldege Bastien Memorial Award and Harry Holmes Memorial Award finishes. While the Wranglers compete for a playoff spot in the AHL’s Pacific Division, Wolf has produced a 20-11-3 record while maintaining a .923 SV% and 2.43 GAA.

Only a few weeks ago, some trade speculation surrounded Markstrom and the New Jersey Devils, indicating that Calgary may be ready to transition Wolf to the NHL full-time. Unfortunately for the young goaltender, no deal came to fruition, and he will likely need to wait for next season to become a full-time member of the Flames active roster.

Keeping on Markstrom, Calgary very publicly backed out of the reported trade with New Jersey due to his strong play in the net. Since January 17th, Markstrom has produced a 9-4-0 record in 13 games, making 340 saves on a total of 373 shots.

Trade Deadline Notes: Hanifin, Markstrom, Guentzel

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On yesterday evening’s rendition of ’Saturday Headlines’ on Sportsnet, Elliotte Friedman spoke at length about several rumblings across the league leading up to the trade deadline. One of the major discoveries presented by Friedman is that the Tampa Bay Lightning are the preferred landing spot for Calgary Flames’ defenseman Noah Hanifin and that he would be willing to discuss an extension.

The news comes shortly after a report suggested that the Florida Panthers were making a concerted push for Hanifin, which could simply be some rivalry gamesmanship on their part. At any rate, this report confirms that the Lightning are making a strong effort to fill in the void left by the injury to Mikhail Sergachev, and are not ready to cede the Atlantic Division to other up-and-coming teams in the 2024 Stanley Cup playoffs.

An extension in Tampa Bay would be the most difficult part of any hypothetical transaction to acquire Hanifin, due to the Lightning only having around $10.85MM available to them in cap space this offseason, even with the salary cap set to rise to $87.7MM. If Tampa Bay is amicable to signing Hanifin at a deal they believe gives them solid value, General Manager Julien BriseBois may have to make a difficult choice between Hanifin, and pending unrestricted free agent forward Steven Stamkos this summer.

Other notes:

  • Friedman also noted some specifics regarding the trade speculation surrounding Flames’ goaltender Jacob Markstrom, and the details behind his public frustration with the organization. Markstrom was originally displeased with the front office due to them indicating they had a deal in place to send him to the New Jersey Devils but then reversed course due to the solid play of the team in recent weeks. Friedman reports that even if the Devils are unable to acquire Markstrom before March 8th, New Jersey would be more than happy to reignite trade talks with Calgary at the 2025 NHL Draft.
  • Lastly, Friedman confirmed that the Pittsburgh Penguins had set the asking price for forward Jake Guentzel at two prospects; not one prospect and a first-round pick. Friedman’s report comes a few days after President of Hockey Operations and General Manager Kyle Dubas said to reporters that the Penguins’ primary focus at this year’s trade deadline would be to get younger overall. With several buyers not interested in parting with a first-round pick at this year’s trade deadline, the asking price for Guentzel may lead to a larger market for Pittsburgh to choose from.

West Notes: Markstrom, Oilers, Zuccarello, McCarron

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Flames goaltender Jacob Markstrom is no stranger to the rumor mill having been prominently featured in trade speculation in recent weeks.  Evidently, he’s not particularly thrilled about that happening.  Speaking with reporters including Sportsnet’s Eric Francis, the veteran suggested that he isn’t happy with how things have gone on that front:

“Everyone in here I really respect everything that’s been going on, and not going on, and how everyone in this room has handled everything. I think it’s been really good. And then the whole situation and everything, am I happy about that? No, I’m not. I think it could have been handled a lot different from up top.”

With Calgary already having moved Elias Lindholm, Chris Tanev, and Nikita Zadorov and the belief that Noah Hanifin will soon follow, many have wondered if Markstrom could follow suit, especially with several teams looking for help between the pipes.  But the Flames remain in a battle for a playoff spot with the 34-year-old being a big reason for that so it’s far from a guarantee that they’ll want to move him even if a team comes to the table.  However, how things have played out publicly when it comes to the trade speculation certainly appears to be a sore spot for Markstrom.

Elsewhere around the NHL:

  • Many eyes are on the Oilers as they look to augment their roster before the March 8th trade deadline. In an interview with Sportsnet’s Mark Spector, GM Ken Holland indicated that there are “lots of irons in the fire” as it pertains to trade discussions.  Holland typically makes a move or two each deadline and while cap space is limited for Edmonton, it wouldn’t be surprising for that to continue this season.  The Oilers have already made one move in recent weeks with the signing of Corey Perry who has five points in 13 games since joining them back in January.
  • The Department of Player Safety announced that they’ve fined Wild winger Mats Zuccarello and Predators winger Michael McCarron $2K each for unsportsmanlike conduct during the second period of Thursday’s game. Both players received minor penalties on the play.  The money from the fines goes to the Players’ Emergency Assistance Fund.

Metropolitan Notes: Markström, Hurricanes, Capitals, Gruden

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The Devils added some bottom-six grit today by acquiring enforcer Kurtis MacDermid from the Avalanche. Still, GM Tom Fitzgerald is far from done ahead of the March 8 trade deadline. He remains aggressive in his pursuit for a goaltender and, with Predators starter Juuse Saros all but off the table thanks to Nashville’s recent hot streak, he’s refocused his attention on the Flames and Jacob Markström.

Calgary seems less inclined to move on from their star starter than earlier in the calendar year, but that hasn’t stopped New Jersey from continuing to engage. Pierre LeBrun of TSN and The Athletic reports Friday that New Jersey has made it known they’re no longer asking the Flames to retain any salary on Markström in a potential deal, making a trade much more palatable for Calgary GM Craig Conroy, who’s made it clear in recent days he doesn’t want to be stuck with any more long-term salary commitments than necessary.

That still doesn’t likely solve all of New Jersey’s roadblocks in acquiring Markström, who carries a $6MM cap hit through 2026. The Flames’ unwillingness to take salary back means it’s highly unrealistic that they’d take Devils netminder Vítek Vaněček, who carries a $3.4MM cap hit through next season, back in a trade. That would pose significant cap issues for the Devils in 2024-25, as they have under $20MM in projected space with only 13 out of 23 roster spots filled. To make it work, they’d likely need to part with more assets to dump the last season of the struggling Vaněček’s deal in a separate trade.

Other notes out of the Metropolitan Division one week out from the deadline:

  • The Hurricanes continue to pursue forward help as their top priority over the next seven days, The Fourth Period’s David Pagnotta reports. That includes smaller-scale additions outside of their reported interest in Canucks star center Elias Pettersson, which could very well flame out as extension talks between him and Vancouver continue. A quick scan of their forward group makes it clear they’d prefer to add a center above all else. 24-year-old Jack Drury is currently holding down the second line between Michael Bunting and Martin Nečas and, while he’s taken a step forward this season, still has only 26 points in 60 games – not at all the production you’d envision from the second-line center on a Stanley Cup-contending team.
  • All three of the Capitals’ questionable players for tonight’s practically do-or-die game against the Flyers will be in the lineup, head coach Spencer Carbery said (via Tom Gulitti of NHL.com). Tom Wilson (personal leave), Nick Jensen (lower body), and Sonny Milano (illness) had all missed recent practices or games. Wilson returns to a top-line role alongside Alex Ovechkin while youngster Hendrix Lapierre gets a chance down the middle between them, while Milano, who’s struggled to stay healthy with 11 points in 27 games this year, occupies a second-line role alongside Max Pacioretty and Dylan Strome. Jensen returns to his normal role, anchoring the team’s second pairing behind John Carlson.
  • The Penguins have recalled left-winger Jonathan Gruden for the second time in the past two days, per a team announcement. The 23-year-old was brought up under emergency conditions before yesterday’s loss to the Kraken but did not play, and was briefly returned to AHL Wilkes-Barre/Scranton over the night. He’s skated in five NHL games this year, going without a point while averaging 7:20 per game.

Devils Notes: Markström, Merzļikins, Smith, Hatakka

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Reporting in recent days from both Sportsnet’s Elliotte Friedman and Daily Faceoff’s Frank Seravalli has illustrated just how close the Devils were to acquiring goaltender Jacob Markström from the Flames in a pre-deadline blockbuster. Speaking on Monday’s episode of the “32 Thoughts” podcast, Friedman said the teams were close in principle on a trade but could not reconcile with each other on the financial aspect of the deal. The Devils remained firm on Calgary retaining some of Markström’s $6MM cap hit – something first-year GM Craig Conroy isn’t willing to do over the remaining three seasons of Markström’s deal.

Seravalli added Tuesday that discussions were serious enough to “get to [Markström]’s level to approve it,” a necessary step since he boasts a no-movement clause in his contract. With the two parties at an impasse that Seravalli thinks “probably” can’t be revisited, New Jersey GM Tom Fitzgerald will likely look elsewhere to upgrade his goaltending with 23 days until the trade deadline.

As the Devils look for a cheaper option, ESPN’s Kevin Weekes said Tuesday that they’ve had interest in Blue Jackets starter Elvis Merzļikins. It’s not a gigantic discount, though, as Merzļikins’ $5.4MM cap hit is only $600K less than Markström’s and runs through 2027. The 29-year-old Latvian has had an underrated bounce-back season, posting a .904 SV% and 1.3 goals saved above expected in 29 games, per MoneyPuck. While he and Markström both have inconsistent track records over a five-year sample, the latter’s peaks have been much higher – Markström’s 18.4 goals saved above expected this season have him on track for a third top-five Vezina Trophy voting finish in the last five years.

Still, either would be a massive upgrade on what Vítek Vaněček has done for them this season. His -11.1 goals saved above expected are second-worst in the league and the worst among starters for prospective playoff teams. Only Ottawa’s Joonas Korpisalo has performed worse overall relative to shot quality, saving -11.9 goals above expected. The Devils, who are 5-4-1 in their past ten games, are now at full health for the first time in weeks and sit two points back of the Red Wings for the final Wild Card spot in the Eastern Conference, a gap that can easily be closed with improved play between the pipes.

In much lower-stakes news, the Devils assigned defenseman Santeri Hatakka to AHL Utica on Tuesday to make room for veteran Brendan Smith, who was activated off injured reserve and returned to the lineup in yesterday’s 4-2 win over the Predators. Hatakka, 23, had shown promising results with two assists and a +7 rating in seven showings but was a casualty of roster management as he did not require waivers to head to the minors. A pending RFA upon completion of his entry-level contract, the 2019 sixth-round pick of the Sharks will remain near the top of New Jersey’s list for blue-line call-ups for the rest of the season.

Smith, 35, made his return after missing 10 games with a knee sprain. The pending UFA had three shots on goal in 17:27 of ice time against Nashville, his 35th game of the season. The 6-foot-2 enforcer has averaged 14:30 per game this year while flipping between defense and wing, recording a goal and five points with a +2 rating.

Metropolitan Notes: Devils, Rangers, Pacioretty

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The Devils have been pondering about making a big push to acquire Flames goaltender Jacob Markstrom, reports David Pagnotta of The Fourth Period.  After a rough 2022-23 campaign, the 34-year-old has bounced back nicely this year, posting a .914 SV% in 31 starts to keep Calgary within striking distance of a Wild Card spot in the West.  Markstrom is signed through 2025-26 with a $6MM cap hit and has a full no-move clause, giving him control on where he goes if he decides to accept a move; Pagnotta notes that Markstrom would seriously consider approving a trade to New Jersey should talks get that far.  The Devils have a team save percentage of just .881 this season, tied with Ottawa for last in the NHL so a significant upgrade between the pipes like Markstrom would be would give them a huge boost for the stretch run.

More from the Metropolitan:

  • The Rangers are believed to have interest in center Adam Henrique but are not willing to part with the first-round pick the Ducks are seeking, reports USA Today’s Vince Z. Mercogliano. The 34-year-old is the best rental middleman left on the trade market, giving Anaheim some extra leverage in discussions.  Henrique has 15 goals and 18 assists in 49 games so far this season while winning 53.4% of his faceoffs.  However, he carries a $5.825MM cap hit, one that the Ducks will need to pay down half of to maximize his value.
  • When Max Pacioretty signed with the Capitals in free agency, he landed a full no-move clause as part of the contract, seemingly hoping to stick with them for the full season. However, Pierre LeBrun notes in his latest column for The Athletic (subscription link) that his sense is that the 35-year-old might waive that trade protection for the right fit and a chance to go for a Stanley Cup.  Pacioretty has a base $2MM cap charge, plus another $2MM in games played bonuses.  Half of those bonuses have been met already while another $500K will be earned when he plays his next game which should come on Saturday versus Boston.

Pacific Notes: Perry, Soucy, Kylington, Markström

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When the Oilers made Corey Perry’s signing official earlier Monday, they disclosed his $775K cap hit deal included an unspecified amount of performance bonuses. CapFriendly later reported the specifics – a $225K bonus if he hits 10 games played, a $50K bonus if the Oilers advance to the Western Conference Final and Perry plays in at least half of the games in Round 2 or Rounds 1 and 2, and a $50K bonus if the Oilers advance to the Stanley Cup Final if Perry plays in at least half of the Conference Final series or half of Rounds 1 through 3 overall.

That’s a total of $325K in potential bonuses, which will add to an already hefty cap overage expected from Connor Brown’s similarly structured contract this season. Brown signed a one-year, $775K deal to join Edmonton last summer after playing four games last season in Washington due to an ACL injury, which included a $3.225MM bonus if he hit 10 games played on the season. After a poor start through nine games, many called on the Oilers to waive Brown to avoid his unaffordable bonus kicking in. They opted not to, which now looks like an extremely poor decision in hindsight. Brown is yet to score a goal in 35 games this season and has only three assists. Whatever amount of Brown’s $3.225MM bonus that they can’t fit under the salary cap at the end of the season will carry over as a penalty in their 2024-25 cap, which will increase with whatever bonuses Perry garners.

More from the Pacific Division:

  • An unfortunate season for Canucks blue-liner Carson Soucy continues. He’s likely out of the lineup for three to four weeks with a “possible” hand injury, CHEK’s Rick Dhaliwal reports. The 29-year-old skated 13:40 in last weekend’s win over the Maple Leafs but did not play in the third period. He was on the ice for all three Toronto goals against in the second period. After signing a three-year, $9.75MM deal with Vancouver last summer, he’s missed 25 of Vancouver’s 46 games with lower-body injuries. He’s been decent when in the lineup, contributing two goals and six points with a +6 rating in 21 contests, averaging 17:24 per game.
  • Flames defenseman Oliver Kylington is inching his way back toward playing in his first NHL game since April 2022. He practiced with the Flames today for the first time since being recalled from his AHL conditioning stint over the weekend, clearing a path for him to return just before the All-Star break or soon after. The 26-year-old took a leave of absence for mental health reasons that lasted the entire 2022-23 campaign before landing on LTIR to begin 2023-24.
  • Also nearing a return for Calgary is starting netminder Jacob Markström, who was a full participant in practice today for the first time since sustaining a lower-body injury last week, per Sportsnet 960’s Pat Steinberg. He’s missed three games but will return to at least back up Daniel Vladař against the Blues tomorrow, if not start. The 33-year-old is having a solid bounce-back season, posting a .912 SV% and stopping 6.7 goals above average in 26 appearances. The Flames went 1-2-0 in Markström’s absence and sit four points back of the Predators for the second Wild Card spot in the Western Conference.

Pacific Notes: Markstrom, Kuznetsov, Golden Knights

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With trade season now in full swing, one member of the Calgary Flames who has found his name mentioned in several rumors is goaltender Jacob Markstrom. As the Flames enter a transitionary period in their organization, and with goalie prospect Dustin Wolf ready to make the jump to the NHL, the logic behind moving Markstrom has never been more clear for Calgary.

However, in an article by James Nichols of NJ Hockey Now, he includes a quote from Sportsnet’s Elliotte Friedman pouring cold water on the idea of the Flames moving Markstrom as he says, “From what I understand, Calgary has a very high bar here in terms of they’re not going to bother Markstrom with just anything. It would have to be something massive for them or somewhere they absolutely believe Markstrom would want to go before they would even consider going to him. I think that’s where things stand with Markstrom, the Flames, and anything right now”.

Assuming that Friedman is accurate, Calgary’s asking price for Markstrom may push too many teams away, although something could come together over the offseason. With teams such as the Carolina Hurricanes, Edmonton Oilers, and New Jersey Devils all looking to upgrade their situation in the crease, it would be incredibly rare for a team to part with a substantial amount of assets during the regular season.

Other notes:

  • Staying in Calgary, the Flames announced earlier today that they have sent down defenseman Yan Kuznetsov to their AHL affiliate, the Calgary Wranglers. Kuznetsov was recalled for the second time this year on January 9th and would make his NHL debut the same day against the Ottawa Senators. Skating in just under 12 minutes of the game against Ottawa, Kuznetsov was held scoreless in his debut, as he put two shots on the net and also blocked one.
  • After sending him down earlier this morning to make way for Brendan Brisson, the Vegas Golden Knights have recalled forward Byron Froese on an emergency basis due to the possibility of Chandler Stephenson missing time with an illness (X Link). Producing a 3-7-0 record in their last 10 games, the Golden Knights’ depth continues to be tested, as more and more of their typical players continue to miss games for the team.
  • In more news coming from Vegas, both Adin Hill and Jiri Patera are not ready to return to the team, although both goaltenders are currently skating (X Link). Relying on goaltender Logan Thompson heavily over the last few weeks, the Golden Knights are now relying on their fourth-string goaltender to serve in the backup role, as 23-year-old, Isaiah Saville was recalled yesterday on an emergency basis.

Flames Have Received Trade Interest In Jacob Markstrom

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With several teams looking for help on the goalie market, we’ve seen several veterans speculated as possible fits, including John Gibson, Jake Allen, and Kaapo Kahkonen, among others.  But some teams appear to be aiming higher as David Pagnotta of The Fourth Period reports that at least two teams have called the Flames about the potential availability of veteran netminder Jacob Markstrom.

The 33-year-old is in his fourth season with Calgary after signing with them as an unrestricted free agent back in 2020.  Since then, his performance has run somewhat hot and cold with years of being in the top ten statistically and one – last season – where he had a save percentage well below the league average, checking in at just .892.

This season, Markstrom has been fairly inconsistent as well but a good showing lately has elevated his season numbers to a GAA of 2.67 and a save percentage of .908, numbers that are a considerable improvement over a year ago.  However, the Flames find themselves on the outside looking in at a playoff spot heading into tonight’s action, fueling speculation that GM Craig Conroy could be one of the more prominent sellers over the next couple of months.

That said, many of the speculative moves Calgary could make revolve around veterans on expiring contracts which is not the case with Markstrom.  He has two more seasons left after this one at a $6MM price tag, one that wouldn’t be the easiest for many playoff-bound teams to fit in on their books.  While retention is possible, multi-year retention doesn’t happen too often and there’s no guarantee that Conroy would be open to the idea.  It’s also worth noting that Markstrom has a full no-move clause.

Calgary has top prospect Dustin Wolf biding his time in the minors with the Wranglers and he is clearly their goalie of the future.  While many have wondered if Daniel Vladar would be the one to move to make room for Wolf on the roster, it’s also possible that the Flames take the bigger step and deal their current starter.  If Conroy decides to make Markstrom available, it’s quite likely that a few more teams will be looking to inquire about the cost over the coming weeks.

Pacific Notes: Holloway, Tanev, Markstrom

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TSN’s Ryan Rishaug is reporting that Edmonton Oilers forward Dylan Holloway won’t be back in the lineup until after Christmas at the earliest. The 22-year-old suffered a knee injury a little over a month ago and was placed on the injured reserve on November 14th. His injury was considered month-to-month at the time and given the timeline today’s update isn’t all that surprising.

Holloway was the Oilers’ 14th overall selection in the 2020 NHL entry draft and has spent most of the last two seasons in Edmonton. This year with the Oilers the Calgary, Alberta native has just a single goal in 14 games which happened in the game prior to him being knocked out of the lineup with this injury.

In other Pacific Division notes:

  • Wes Gilbertson of the Calgary Herald is reporting that Calgary Flames defenseman Chris Tanev is nearing a return from injury. Gilbertson said that when speaking with the media Flames head coach Ryan Huska referred to Tanev as being very close to a return. The 33-year-old has missed the last three games for Calgary with an upper-body injury and is sure to be eager to rejoin the team as he tries to continue boosting his free-agent stock for next summer. Tanev hasn’t produced much offensively this year with a goal and six assists in 28 games but he continues to offer a strong defensive impact and will surely be in demand at the trade deadline as well as next summer.
  • Gilbertson also reported that Flames goaltender Jacob Markstrom is close to a return. The 33-year-old netminder has missed the last seven games with a fractured finger and skated in the club’s morning skate today. Markstrom has not had the start to the season he was hoping for as he has gone 6-8-2 with a 2.94 goals-against average and an .896 save percentage. Markstrom’s return will likely lead the Flames to an interesting decision with their goaltending as prospect Dustin Wolf has been dynamite in the AHL but has struggled in his short time in the NHL. The Flames also have Daniel Vladar as an option, but he’s struggled the most of the Flames’ three goaltending options and could be moved in a trade or exposed to waivers and assigned to the AHL.

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