NHL Trade and Free-Agent Markets Could Soon Stir to Life
NHL Trade and Free-Agent Markets Could Soon Stir to Life
The latest on Max Pacioretty, Jonathan Marchessault and Mike Hoffman in today’s NHL rumor mill.
LAS VEGAS SUN: Justin Emerson noted TSN’s report earlier this week claiming the Vegas Golden Knights were looking into shopping winger Max Pacioretty. He examined their options if they decide to go that route.

Vegas Golden Knights owners Bill Foley denied a report claiming his club was shopping Max Pacioretty (NHL Images).
Emerson cited TSN’s speculation the Golden Knights could use the cap flexibility from moving Pacioretty to perhaps sign a more affordable player such as Mike Hoffman or Erik Haula. Replacing Pacioretty with Hoffman would make sense offensively but Emerson wondered if a better positional player like Haula (a former Golden Knight) might be a better idea.
Haula would be a more affordable option than Hoffman, and the savings could be put toward perhaps adding another player such as Anthony Duclair. However, Emerson feels the Golden Knights would have a bigger target in mind if they traded away Pacioretty.
They could attempt to sign New York Islanders center Mathew Barzal to an offer sheet but that seems unlikely, especially if the compensation to the Isles becomes four first-round picks. Emerson proposed going the trade route, suggesting the Nashville Predators (Viktor Arvidsson or Filip Forsberg) or New York Rangers (Ryan Strome or Pavel Buchnevich) as possible trade partners.
SPECTOR’S NOTE: Golden Knights owner Bill Foley recently dismissed the notion of trading Pacioretty. Given the dire dearth of real trade rumors, however, it won’t stop folks from speculating about what they could get in return by shopping him.
The Predators could attempt to shake things up and they have the cap space to take on Pacioretty’s contract. However, I don’t believe Nashville general manager David Poile would take on a 32-year-old winger carrying a $7 million annual average value for the next three seasons, and I don’t see him parting with Arvidsson or Forsberg.
Strome ($4.5 million AAV) and Buchnevich ($3.25 million) surfaced in trade speculation earlier this year but GM Jeff Gorton probably prefers starting the season with those two in his lineup and see how the season unfolds.
BOSTON HOCKEY NOW: Jimmy Murphy cited two NHL sources claiming the Los Angeles Kings are interested in attempting to land the player they thought they had two years ago. The Kings tried to acquire Pacioretty from the Montreal Canadiens at the 2018 NHL Draft but the deal fell through and the winger was subsequently shipped to Vegas.
Murphy also reported the New York Rangers, New Jersey Devils, New York Islanders, Buffalo Sabres, Florida Panthers, Columbus Blue Jackets, and Winnipeg Jets were mentioned by sources as potential suitors for Pacioretty.
SPECTOR’S NOTE: The Kings’ situation changed since the summer of 2018. They weren’t invested in a full rebuild back then. GM Rob Blake has since put his focus on stocking his roster with promising youth. I don’t see Pacioretty as a fit there.
The Devils have lots of cap space and could use a winger like Pacioretty but they might not be on his list of preferred destinations. The Isles lack the cap space and still need to sign Mathew Barzal. The Sabres made their big offseason acquisition by signing Taylor Hall.
Having lost Hoffman and Evgenii Dadonov to free agency, the Panthers could be looking at adding a scorer like Pacioretty, but I wonder how keen they’d be to take on his cap hit. The Jackets are putting their focus on getting Pierre-Luc Dubois under contract. The Jets’ priority is shoring up their blueline once they put Bryan Little on LTIR.
NBC SPORTS: James O’Brien also took note of Foley denying the Pacioretty trade rumor but the Golden Knights owner admitted in the same interview his club needed to shed cap space. O’Brien proposed winger Jonathan Marchessault as the more likely trade candidate as he’s younger by two years and carries a more affordable cap hit at $5 million annually.
While acknowledging the Golden Knights could be exploring their options in the trade market, O’Brien doesn’t expect they’ll move either player. The club is in win-now mode and has a better chance of doing so with both forwards in the lineup. He suggests a smaller trade or two could alleviate their cap issues.
SPECTOR’S NOTE: As per Cap Friendly, the Golden Knights are nearly $975K over the $81.5 million salary cap. They could get cap relief by trading or demoting a lower-salaried player.
Management might prefer shipping out a higher-salaried player to have more cap wiggle room for the coming season. But as O’Brien points out, their chances of winning the Stanley Cup this season are better with Pacioretty and Marchessault in the lineup.
TVA SPORTS: Jean-Charles Lajoie recently asked a panel of guests if Montreal Canadiens GM Marc Bergevin might be tempted to sign Mike Hoffman to a one-year, $5 million contract.
Hoffman’s spat with former teammate Erik Karlsson during their final season with the Ottawa Senators raise concerns over the winger’s behavior, but he wasn’t a problem with the Florida Panthers. Signing Hoffman, however, would mean moving out Tomas Tatar and Brett Kulak to clear sufficient cap room.
SPECTOR’S NOTE: Could Bergevin make a pitch for Hoffman? Sure, anything’s possible. Will he? No. The Canadiens GM made his big offseason moves by shipping Max Domi to Columbus for Josh Anderson and signing Tyler Toffoli to a four-year contract. Hoffman won’t be signing with the Habs.
Reaction to reports of the Golden Knights shopping Max Pacioretty in today’s NHL rumor mill.
NBC SPORTS: Adam Gretz took note of TSN’s reporting the Vegas Golden Knights could consider trading Max Pacioretty. He points out only seven teams – “Florida, Columbus, Detroit, Ottawa, Nashville, Los Angeles, and New Jersey” – have sufficient salary-cap space to absorb the winger’s $7 million annual cap hit.

Vegas Golden Knights winger Max Pacioretty (NHL Images).
Gretz scratched the Blue Jackets from that list because re-signing Pierre-Luc Dubois will take up most of their $9.2 million cap space. Ottawa, Detroit and Los Angeles are rebuilding and probably unwilling to take on an expensive 32-year-old forward.
The Predators could be the best fit because they need a finisher. The Devils need a scoring winger alongside centers Nico Hischier and Jack Hughes. The Panthers need someone to replace departed winger Mike Hoffman.
BOSTON HOCKEY NOW: Joe Haggerty suggests the Bruins should take a run at Pacioretty. It could cost them winger Jake DeBrusk and perhaps defense prospect Urho Vaakanainen but Haggerty feels it would be a fair price for a big, skilled second-line scorer.
PITTSBURGH HOCKEY NOW: Dan Kingerski reports multiple sources are claiming the Penguins are among the clubs expressing interest in Pacioretty, with one saying general manager Jim Rutherford circled back on Wednesday and is awaiting a response. Kingerski considered the talks exploratory.
THE ATHLETIC: Jesse Granger reports his sources said Golden Knights GM Kelly McCrimmon is simply testing the trade market regarding the value of Pacioretty, goalie Marc-Andre Fleury and winger Jonathan Marchessault following a period without much player movement around the league.
Granger acknowledged the Golden Knights must become cap compliant before the season begins but believes they would be making a mistake trading Pacioretty. The club is built to win now and trading their leading goal scorer wouldn’t put them closer to the Stanley Cup. He also indicates the trade market isn’t strong right now, making it difficult to move high-salaried players like Pacioretty.
SPECTOR’S NOTE: ESPN.com’s Greg Wyshynski tweeted a report out of Las Vegas in which Golden Knights owner claimed his club is “not shopping Patches.” He admits they have cap issues that must be addressed before the season begins but moving Pacioretty isn’t among the options.
Granger believes McCrimmon could be looking at available options if he goes the trade route to shed salary. While they could easily get under the cap by demoting a player, McCrimmon could also be looking at freeing up enough salary to target a UFA forward like Mike Hoffman or former Golden Knights center Erik Haula.
I said yesterday that Pacioretty’s age, $7 million AAV and 10-team no-trade clause makes it difficult to move him given the current economic situation. Fleury ($7 million AAV, 10-team no-trade) and Marchessault ($5 million AAV, eight-team NTC) would also be tough to trade. I’m not saying it’s impossible, but the sticking points are significant.
The Bruins can’t afford Pacioretty’s salary. Cap Friendly indicates they have over $2.9 million in cap space. Moving DeBrusk’s $3.675 million won’t free up enough for the veteran winger. Yes, they could get some short-term cap relief by placing Brad Marchand or David Pastrnak on LTIR, but both could return to the lineup by February, forcing the Bruins to shed salary. Besides, I think their focus is on shoring up the left side of their blueline.
With just $1.3 million in cap space, the Penguins have less money to work with than the Bruins. Pittsburgh GM Jim Rutherford has a well-earned reputation for wheeling-and-dealing but I don’t see how he can pull off acquiring Pacioretty.
If McCrimmon doesn’t shop one of his expensive players, The Score’s Josh Wegman suggested perhaps moving a couple of depth players such as “Tomas Nosek ($1.25 million AAV), William Carrier ($1.4 million), Nick Holden ($1.7 million) and Ryan Reaves ($1.75 million). It could come to that if demoting a lower-salaried player doesn’t free up sufficient wiggle room under the cap.
In today’s NHL rumor mill, the Golden Knights are reportedly trying to trade Max Pacioretty plus the anticipation of increased activity in the trade and free-agent markets as the new season approaches.
TSN: Frank Seravalli reports the Vegas Golden Knights have “doubled down” in recent days and weeks in their efforts to trade Max Pacioretty. The 32-year-old winger has three years remaining on his contract with an annual average value of $7 million. He led the Golden Knights last season with 32 goals.

Vegas Golden Knights reportedly shopping winger Max Pacioretty (NHL Images)
The Golden Knights are over the salary cap and attempted earlier in the offseason to shed some salary. Seravalli suggests moving Pacioretty would clear sufficient salary to become cap compliant and perhaps take a run at unrestricted free agents such as Mike Hoffman and former Golden Knight Erik Haula.
KUKLA’S KORNER: The Athletic’s Jesse Granger reports winger Jonathan Marchessault ($5 million AAV) and goalie Marc-Andre Fleury ($7 million) have also come up in Golden Knights’ trade chatter.
SPECTOR’S NOTE: For the first time in weeks we’ve finally got a juicy NHL trade rumor. The last trade was made on Oct. 12, when the Golden Knight shipped defenseman Nate Schmidt to the Vancouver Canucks in a cost-cutting deal.
The Golden Knights are above the $81.5 million salary cap by over $974K according to Cap Friendly. Moving Pacioretty would indeed free up sufficient space for the Golden Knights to perhaps add a more affordable scorer like Hoffman or a cost-effective center by bringing back Haula.
Pacioretty’s cap hit, age and his 10-team no-trade clause, however, could make finding a suitable trade partner difficult. So will the limited number of clubs with sufficient cap room to comfortably absorb his full $7 million AAV.
Fleury was thought to be a goner when the Golden Knights signed goalie Robin Lehner to a contract extension. GM Kelly McCrimmon denied that speculation but Granger said the Golden Knights are looking into the trade values of Fleury, Pacioretty and Marchessault. Fleury also has a 10-team no-trade list while Marchessault has an eight-team list.
Whether it’s Pacioretty, Fleury or Marchessault on the trade block, the Golden Knights won’t want much (if any) salary in return. Only a handful of teams (New Jersey, Los Angeles, Nashville, Detroit and Ottawa) can comfortably afford any of them. Those clubs might not be on the trio’s lists of preferred trade destinations.
SPORTSNET: Elliotte Friedman reports action is starting to pick up in the free-agent market. UFA winger Mikael Granlund hopes to situate his family and could make a decision in the next few days. So could other notables such as Mike Hoffman and Andreas Athanasiou.
He believes some teams could start talking with the Seattle Kraken to see what they can do about future salary-cap space if the cap remains flattened.
Chris Johnston suggests keeping an eye on the restricted free agent market following the Philadelphia Flyers yesterday signing defenseman Philippe Myers to a three-year contract. He cites Ethan Bear in Edmonton, Oliver Kylington in Calgary and Erik Cernak in Tampa Bay among the blueliners who could be affected by the Myers signing.
With the NHL and NHLPA aiming at a Jan. 13 start date for this season, here’s a look at some unresolved free-agent business in today’s NHL rumor mill.
SPORTSNET: Rory Boylen recently examined several unresolved storylines that will rise to the surface once the NHL and NHLPA reach a resolution for the 2020-21 season. Among them was the status of unsigned free agents.

Mike Hoffman remains the top player available in the 2020 NHL UFA market (NHL Images).
A number of decent players remain available in the unrestricted free-agent market because of the flattened salary cap and a limited number of teams with cap room. They include winger Mike Hoffman, defensemen Travis Hamonic and Sami Vatanen, forwards Mikael Granlund and Anthony Duclair, and blueliner Zdeno Chara.
SPECTOR’S NOTE: Hoffman is reportedly willing to accept a one-year contract worth between $5.5 million and $6.5 million. He’s been linked to several clubs but the Nashville Predators could be the front-runners for his services. They have the cap space (nearly $13 million, according to Cap Friendly) and a pressing need for experienced second-line scoring depth.
Some have suggested Hamonic might return to the Calgary Flames but the Winnipeg Jets appear to be a better fit for the Manitoba native. They need more blueline depth and would have the cap space once sidelined center Bryan Little and his $5.291 million cap hit are placed on long-term injury.
Granlund and Duclair have been mentioned as options for the Columbus Blue Jackets to provide a boost to a popgun offense further weakened by losing winger Gustav Nyquist to shoulder surgery. Granlund could be a better fit there. Given Duclair’s brief unsuccessful tenure with the Jackets in 2018-19, I don’t see either side being keen for a reunion.
Chara is reportedly waiting to see what the format of this season looks like before making a decision. The long-time Bruins captain could return to Boston for one more season but there’s talk other clubs expressed interest in the 43-year-old defenseman.
The Tampa Bay Lightning are above the $81.5 million salary cap and must shed salary to re-sign restricted free agents Anthony Cirelli and Erik Cernak. The New York Islanders have only $3.9 million in cap space with first-line center Mathew Barzal to sign. Boylen suggests both clubs could face losing trades in order to free up sufficient cap space.
SPECTOR’S NOTE: The Lightning definitely faces that situation, with Tyler Johnson and Alex Killorn considered the likely trade candidates. The Isles, however, will benefit from placing Johnny Boychuk ($6 million AAV) on LTIR because of his career-ending eye injury. They could still make a cost-cutting trade but don’t face the same pressure as the Lightning.
Other notable restricted free agents include Columbus Blue Jackets center Pierre-Luc Dubois, St. Louis Blues defenseman Vince Dunn, New Jersey Devils goaltender Mackenzie Blackwood and Edmonton Oilers blueliner Ethan Bear.
SPECTOR’S NOTE: The Jackets have over $9.2 million in cap space, more than enough to sign Dubois. The Blues are above the cap by $1.175 million but will get cap relief to sign Dunn by placing Vladimir Tarasenko ($7.5 million) on LTIR. The Devils have $17.1 million in cap room so re-signing Blackwood isn’t an issue. The Oilers are just above the cap but are expected to place Oscar Klefbom and his $4.167 million cap hit on LTIR, giving them the necessary wiggle room for Bear.
Given the high number of NHL teams (16) with less than $2 million in cap space, Boylen anticipates seeing “at least a few one-sided deals” as cap-strapped clubs attempt to shed salary once clarity is reached on the start of the season.
SPECTOR’S NOTE: 10 of those teams – Arizona, Tampa Bay, Vancouver, St. Louis, Toronto, Washington, Vegas, Anaheim, Winnipeg, and Edmonton – will get cap relief by placing some sidelined players on LTIR. Nevertheless, some of those clubs could attempt to shed a salary or two before the projected puck drop of Jan. 13.
Could the Predators have another move in store before the season begins? Will the Senators be buyers or sellers this season? Check out the latest in the NHL rumor mill.
THE ATHLETIC: In a recent mailbag segment, Adam Vingan was asked if Nashville Predators general manager David Poile was done wheeling and dealing. He believes there’s no sense of urgency among NHL GMs to make moves until we know when the season will begin.
Back in October, Poile didn’t rule out making more moves. Vingan points out the Predators have nearly $13 million in cap space, though some of that will be used to sign restricted free agent Luke Kunin. He feels it would make sense to target cap-strapped clubs for a return that could address the Predators’ second-line needs.

Could the Nashville Predators attempt to acquire Alex Killorn from the Tampa Bay Lightning? (NHL Images)
Vingan and colleague Joe Smith bandied about the notion of the Predators acquiring winger Alex Killorn from the Tampa Bay Lightning, who must shed salary to re-sign Anthony Cirelli and Erik Cernak. Vingan believes Killorn would be a good fit on the Predators’ second line.
Smith feels getting back a package of futures (draft picks and/or prospects) would be crucial for the Lightning. That would include a 2021 second-round pick to replace the one traded away and something to bolster their defense prospects.
The Lightning might have to consider moving someone like Ondrej Palat if they can’t find any takers for Killorn or Tyler Johnson. Vingan believes the Predators would be very interested if Palat became available.
Vingan also acknowledged the Predators’ rumored interest in UFA winger Mike Hoffman. He’s willing to sign a one-year deal which is better than Killorn’s three-year contract. However, Vingan is uncertain if Hoffman fits into the Predators’ plans.
NBC SPORTS: Adam Getz recommends Poile go the offer sheet route by targeting Lightning center Anthony Cirelli. He points out the Preds have the cap space and the assets for compensatory draft picks to make a competitive offer.
SPECTOR’S NOTE: Some observers believe Poile has made his offseason moves and could bank his cap space to put toward trades if necessary during the regular season. However, the need to bolster their secondary scoring could see the Preds GM make a move or two before the season opens sometime in January or February.
Poile could be playing the waiting game with Hoffman hoping to sign the UFA winger to an affordable one-year deal. Failing that, he could look at cost-effective short-term help like Andreas Athanasiou or Anthony Duclair.
Killorn or Palat are possibilities if Poile goes the trade route. It’ll depend on what the Lightning want in return. He could also look at other clubs that are trying to dump salary before the season begins.
Cirelli could get an offer sheet from a club like the Predators but if that was going to happen it would’ve been made by now. Remember, the player must be interested in signing an offer sheet. It doesn’t seem like the Cirelli camp is entertaining that notion.
OTTAWA SUN: Bruce Garrioch reports Senators owner Eugene Melnyk believes his rebuilding club has turned the corner and the pieces are now in place to contend. He indicates the Senators’ days as trade deadline sellers are over.
“We’ll be a team that’s active at the trade deadline and not as sellers, but as buyers, just like we used to be”, said Melnyk. “If you look at my track record on spending on players, we were already right up there. We were never at the top, but we were always right up there or around the center. Now, we’re going to stay somewhere in the center, depending on where it’s at. Our budgets are always somewhere around $70 million, which is in the center.”
SPECTOR’S NOTE: I don’t expect the Senators to be buyers if they’re not in playoff contention. If Melnyk’s comments are anything to go by, however, they won’t be selling off veterans as they have over the past three years.
If they are contenders, they must invest wisely if they’re going to be buyers. Don’t just go for rentals but try to add players who can help them beyond just one season.