NHL Rumor Mill – August 16, 2025
NHL Rumor Mill – August 16, 2025
I’m back from vacation and catching up on some of the notable trade and free-agent speculation involving the Oilers, Canadiens, and Devils in today’s NHL Rumor Mill.
THE LATEST ON THE OILERS
EDMONTON JOURNAL: David Staples cited Dan Powers of the “Empty Netters” podcast raising the scenario of another “King’s Ransom”, in which Oilers captain Connor McDavid followed the path of Wayne Gretzky by getting traded to the Los Angeles Kings.
If that were to happen, Powers believes it would be “the greatest thing to happen to the NHL in 50 years. It would be the greatest story of all time.”

Edmonton Oilers captain Connor McDavid (NHL Images).
SPECTOR’S NOTE: Two things. First, the Gretzky trade was the biggest thing to happen to the NHL since the 1967 expansion. Trading McDavid to the Kings today wouldn’t eclipse the Gretzky trade.
Second, and most importantly, with all due respect to the Kings, the Gretzky trade occurred during different times and circumstances. History will not repeat itself.
BLEACHER REPORT: Frank Seravalli reported on Aug. 12 that it’s still early in the negotiation process between McDavid and the Oilers. While numbers haven’t been exchanged yet, neither side is expressing nerves, fear, or panic about this situation. Servalli anticipates the process will pick up in the coming weeks.
SPECTOR’S NOTE: Speculation abounded at this time last August about Leon Draisaitl’s contract status with the Oilers. He signed an eight-year extension in September, and McDavid could do the same this year.
EDMONTON JOURNAL: Staples cited Oilers insider Bob Stauffer suggesting the Oilers could make a cost-cutting trade before the start of the regular season, accrue salary cap space, and use that cap room to acquire a top-nine forward at the March trade deadline.
Stauffer mentioned forward Mattias Janmark as a trade candidate. Staples pointed out he carries a $1.45 million cap hit through 2026-27 with a 10-team no-trade list.
THE ATHLETIC: Allan Mitchell listed Boston Bruins goaltender Michael DiPietro and St. Louis Blues netminder Colten Ellis as possible trade targets for the Oilers.
UPDATE ON THE CANADIENS
RG.ORG: Marco D’Amico reports the Montreal Canadiens are playing the waiting game when it comes to adding talent during this offseason.
He cited an NHL source saying Canadiens management isn’t interested in parting with top prospects like defenseman David Reinbacher and center Michael Hage, seeing both players as key pieces in their long-term plans.
SPECTOR’S NOTE: Some observers believe the Canadiens could be interested in Anaheim Ducks center Mason McTavish. If so, Reinbacher and/or Hage would be part of the Ducks’ asking price. If the Habs aren’t willing to part with them, it’s doubtful they can come up with a more enticing offer for McTavish.
Meanwhile, there’s ongoing speculation that the Canadiens could attempt to trade Carey Price’s contract on September 1, after he’s been paid his $5.5 million signing bonus. He has a $10.5 million average annual value, but in actual salary, he’ll be $2 million after he receives that signing bonus.
SPECTOR’S NOTE: It’s rumored the Canadiens could try to ship Price’s contract to a rebuilding team, enabling the latter to remain cap-compliant should they dump salary by the March trade deadline. The San Jose Sharks and Chicago Blackhawks have been mentioned as possible trade partners, but it remains to be seen if either club has an interest in taking on that contract.
D’Amico also reported that contract talks between the Canadiens and defenseman Lane Hutson are in the early stages. Thus far, the discussions have been “amicable”.
Hutson, 21, won the Calder Memorial Trophy last season, becoming the first Canadien to do so since Ken Dryden in 1971-72. He’s slated to become a restricted free agent next summer and is ineligible to receive an offer sheet from a rival club.
Noah Dobson’s new eight-year contract with the Canadiens(with a $9.5 million AAV) has been cited by some as a comparable. However, D’Amico suggested that Luke Hughes’ next contract with the New Jersey Devils could be more of a determining factor in Hutson’s negotiations.
SPECTOR’S NOTE: Speaking of Luke Hughes…
SOME RECENT DEVILS CONJECTURE
SPORTSNET: During a recent appearance on the Halford & Brough radio show, Luke Fox said that Luke Hughes and the Devils have agreed to negotiate a long-term deal.
The 21-year-old defenseman is a restricted free agent coming off his entry-level contract. He is ineligible to receive an offer sheet.
SPECTOR’S NOTE: Some observers wonder if the rising salary cap would result in Hughes getting a deal with an AAV that exceeds his brother Jack’s $8 million. That could be the sticking point in their negotiations.
NEW JERSEY HOCKEY NOW: James Nichols believes Devils general manager Tom Fitzgerald has more work to do during what remains of this offseason.
Nichols pointed out that the Devils have over $6.1 million in cap space, meaning they’ll have to shed some salary to make room for Luke Hughes’ new contract.
The Devils still need to add a second-line winger and a third-line center. Nichols believes they should attempt to reacquire Tyler Toffoli from the San Jose Sharks.
SPECTOR’S NOTE: Toffoli might not be willing to leave the lowly Sharks. He’s slated to skate on their top line with Macklin Celebrini and William Eklund this season. The 33-year-old winger is signed through 2027-28 with an AAV of $6 million and a full no-trade clause until the final season of the deal, when it becomes a 15-team approved trade list.




