Now that the free agency situations of Josh Manson, Darcy Kuemper, and Ryan Strome have been examined, it’s time to move on to another big name set to headline this offseason’s free agent market: John Klingberg. This is Klingberg’s seventh and final season on the deal worth nearly $30MM that he signed after he finished his entry-level contract. The only NHL club Klingberg has known, the Dallas Stars, have given out major contracts to both Esa Lindell and Miro Heiskanen on their blueline. Additionally, the Stars’ cap situation is further complicated by the fact that Tyler Seguin has a $9.85MM cap hit through 2026-2027 and Jamie Benn costs $9.5MM through 2024-25. The point of mentioning those names is to show that the Stars already have major money committed to their team going into the future, which makes Klingberg’s situation an interesting one.
It is made even more interesting by the contracts still yet to come. Jason Robertson is a restricted free agent this offseason, and Roope Hintz becomes one after next season. Given how those two players are going to be major pillars of the Stars’ future, it’s likely the team would prefer to pursue long-term extensions with each. Therefore, a Klingberg extension in Dallas seems highly unlikely.
That unlikeliness is made even more extreme by the kind of contract Klingberg is reportedly set to look for this offseason. According to Sportsnet’s Jeff Marek, Klingberg is seeking a maximum-term deal worth around $8MM per year. With all of those factors in play, it is highly unlikely that Klingberg can receive that deal from the Stars. So, he will hit likely free agency and be among the top defensemen on the market.
In an offseason market, a player like Klingberg can be rare. Players traditionally signed in free agency are older, declining, and lacking in dynamic talent. While Klingberg, 29, isn’t young anymore, he isn’t nearing the end of his playing days either. Klingberg is a highly productive offensive defenseman and has posted 43 points in 65 games this season, which is a 54-point pace. He isn’t known for his defensive game and shouldn’t be an all-situations minute-eater like many coaches covet, but as a defenseman for the modern NHL, there are few more dangerous than Klingberg.
So, with all that in mind, the main question surrounding Klingberg will likely end up being about how much NHL clubs value offense-first defensemen nearing the age of 30. Dougie Hamilton got $9MM AAV from the Devils this past offseason but did it as a 28-year-old free agent. Klingberg will be 30 when next season starts and has not had as strong of a season as Hamilton had in his platform year. Will a team see enough value in Klingberg for him to get the contract he desires? Or will Klingberg’s foray into free agency prove to be a disappointment? Like with many major free agents, it could come down to not necessarily what he signs for, but where he signs his contract. Regardless, his time on the free agent market will be one of the marquee storylines during this offseason.