NHL Rumor Mill – October 31, 2025

by | Oct 31, 2025 | Rumors | 13 comments

Updates on where contract talks sit for the Rangers’ Artemi Panarin and the Stars’ Jason Robertson, a look at several centers drawing interest in the trade market, and the latest on the Maple Leafs in today’s NHL Rumor Mill.

UPDATES ON PANARIN AND ROBERTSON

THE ATHLETIC: Pierre LeBrun believes the New York Rangers want to see how this season unfolds before opening contract extension discussions with Artemi Panarin. The 34-year-old winger is eligible for unrestricted free-agent status next July.

New York Rangers winger Artemi Panarin (NHL Images).

Contract term could be the issue in those talks. LeBrun doubts that Panarin will be interested in a short-term deal, which would probably be the Rangers’ preference. The Panarin camp will seek the longest term possible, because this will be their client’s last big contract in his NHL career.

SPECTOR’S NOTE: The Rangers’ performance this season, and that includes Panarin’s, will determine whether he has a future in New York beyond this season. Given his age, the Blueshirts could be reluctant to sign him for longer than three years. They could consider it if he’s willing to accept a substantial pay cut, but he was reportedly unwilling to do so this summer.

LeBrun reports the Dallas Stars’ focus has shifted to Jason Robertson after signing defenseman Thomas Harley to an extension earlier this week. The 26-year-old winger is due to become a restricted free agent with arbitration rights next July, and will be a year away from unrestricted free-agent eligibility.

Robertson surfaced in the offseason rumor mill. The Stars weren’t shopping him, but wanted to see what teams were offering when they came calling.

The two sides decided to wait to open contract talks. LeBrun speculated they might begin in January, or they could wait until the offseason.

SPECTOR’S NOTE: Robertson is no longer on the top line following the Stars’ acquisition of Mikko Rantanen at the March 2025 trade deadline. However, he’s settling in on the second line, scoring nine points in 11 games.

The Stars want to keep Robertson, but it’ll depend on his asking price. His arbitration rights and his UFA eligibility the following year give him leverage whenever the two sides finally begin negotiating.

RG.ORG: James Murphy reports the trade market for centers appears to be heating up ahead of the American Thanksgiving (Nov. 27).

The Calgary Flames’ poor start to this season has made Nazem Kadri the subject of growing trade conjecture. However, his status reflects the Flames’ uncertain direction. They’re trying to right the ship but face mounting pressure to rebuild if things don’t improve by December.

SPECTOR’S NOTE: Kadri no longer has full no-trade protection, but he does have a 13-team no-trade list. His age (35) and average annual value ($7 million) through 2028-29 could make him difficult to move if he wants to be traded. So far, all reports claim he loves living in Calgary.

Meanwhile, teams are eyeing Alexander Wennberg of the San Jose Sharks. He’s UFA-eligible next July, and multiple clubs see him as a good middle-six trade option.

In Boston, the Bruins remain undecided on Pavel Zacha’s future as they consider competing and retooling. The 28-year-old forward has a year remaining on his contract.

SPECTOR’S NOTE: TSN’s Pierre LeBrun recently reported that the Bruins believe Zacha fits into their long-term plans. He suggested it wouldn’t be surprising if the versatile forward signs a contract extension next summer.

Bo Horvat has also surfaced in recent trade speculation. However, Murphy claims the 30-year-old New York Islanders center is untouchable unless the club collapses in the standings. Even then, it would take a significant offer to pry him away from the Isles.

SPECTOR’S NOTE: Horvat is signed through 2030-31 with an AAV of $8.5 million. He also has a full no-trade clause. If, and that’s a big if, he’s willing to waive that clause, it’s unlikely that sort of trade takes place during the season. That seems more like an offseason move.

TSN: Darren Dreger reports the Toronto Maple Leafs continue to explore the idea of trading forwards David Kampf and Nick Robertson.

Kampf is now with the Leafs’ AHL affiliate, and they’d like to move his contract. The 30-year-old center is signed through 2026-27 with an average annual value of $2.4 million and a 10-team no-trade clause for this season.

The Leafs have time for the 24-year-old Robertson, but he’s been up and down the Leafs’ lineup. They’d move him if they could get back a player of a similar age, but that’s what makes moving him so difficult, so they’re not in a rush to move him out.

SPECTOR’S NOTE: Robertson’s been a fixture in the rumor mill since the summer of 2024, and yet he remains with the Maple Leafs. As I’ve mentioned before, either the Leafs have set a ridiculously high asking price, or he’s not as valuable a trade chip as some observers seem to believe.







13 Comments

  1. Thinking on Robertson, I wonder if Seattle may be an ideal suitor and trade partner should Dallas be open to it.

    Seattle gets that explosive game changer that they lack, and Dallas could get a more affordable 2nd line winger + in exchange. Seems it could be win win if Dallas chooses not to, or simply cannot fit him in cap wise.

    • not sure if Robertson has proven to be a “explosive game changer”, at least in the NHL. his size and lack of defensive game may hold him back. Leafs would be lucky to get a 4th rounder for him, which is why they haven’t traded him yet

      • MikeP. I think you’re mixing up the Robertson brothers. “Explosive game changer” was in reference to the one on Dallas.

    • Yes yes Seattle

      Actually , tiny Robertson to any team NOT ending in “guins” is a good thing.

      We don’t need another pip-squeak and/or another Dubas “familiar” player.

  2. Robertson is an interesting player. Has averaged almost 40 goals a year the last 4 years. Comparables to at least Necas. Dallas might not want to pay over 20 million for 2 left wings. Teams starving for offense should be all over this guy.

    • Agree

      His offensive prowess and size; AND still RFA and in prime; makes Robertson a highly sought player

      But; what contender has space; is willing to pay big on extension next July; AND has assets that closes (motivates) the deal with Dallas?

      I’m sure there are plenty of Leaf beat reporters ready with “Leafs are interested in Nick’s brother” headlines.

      Leafs “have interest” in every prominent player tho.

      Tough trade to make in-year for Dallas.

      May win the trade in the long run, but are not going to win the trade for the 25/6 season.

      • i’d offer sheet him out of their range….

      • 8787 Carolina!

      • Great Take.

      • Sr

        I WAS thinking Canes. They certainly can fit him in Cap wise

        BUT, who do they hAve to give up?

        Offer sheet like Dark G said; may work

    • By the end of a 6-8 year contract, who will even remember?😆

  3. What about Jason Robertson to Calgary for Kadri (50% retained), farabee and a 1st round pick

    • Wow. You are severely undervaluing what may end up being the top center available this year on the market. And that 1st looks like a lotto pick.