Jets Trade Connor Hellebuyck to the Devils

by | Oct 23, 2026

Jets Trade Connor Hellebuyck to the Devils

The Winnipeg Jets trade goaltender Connor Hellebuyck to the New Jersey Devils for goalie Nico Daws, forwards Dawson Mercer and Nick Bjugstad, prospect center Alexander Command, a second-round pick in 2029, and a seventh-round pick in 2027.

SPECTOR’S NOTE: The Hellebuyck saga has ended as he heads to a team that few predicted he would agree to be traded to. Most of the speculation had him going to the Carolina Hurricanes or Buffalo Sabres. 

Winnipeg Jets trade goaltender Connor Hellebuyck to the New Jersey Devils (NHL Images).

Nevertheless, this was a move that Devils first-year general manager Sunny Mehta felt had to be made. His club began the season with two backup goaltenders in Daws and Jake Allen splitting the goaltending duties. As of today, their combined save percentage (.880) was among the league’s bottom third.

That wasn’t going to cut it for a team with aspirations of moving up into Stanley Cup contention, especially with superstars such as Jack Hughes and Nico Hischier on the roster.

Hellebuyck will need time to regain the form that made him the league’s only active three-time Vezina Trophy winner, a Hart Trophy winner in 2024-25, and the top goaltender in the 2026 Winter Olympics by backstopping Team USA to their first gold medal in 46 years.

Once Hellebuyck returns to game shape, the Devils could become one of the dominant teams in the Eastern Conference this season.

Trade rumors also linked the Devils to Minnesota Wild defenseman Quinn Hughes, who is UFA-eligible next summer. The cost of acquiring Hellebuyck could take them out of contention for the Wild’s superstar blueliner, dashing the hopes of Devils fans for a Hughes brothers reunion in New Jersey next year.

As for the Jets, they’re moving on from the greatest goalie in franchise history after 11 seasons. It’s not the ending either side envisioned when Hellebuyck signed his seven-year contract three years ago. However, he forced it by going public with his trade request in August and skipping training camp last month. That led to the Jets suspending Hellebuyck without pay, which was slated to end today.

General manager Kevin Cheveldayoff has a reputation for patiently awaiting the right returns for players who’ve previously sought trades. That patience may have paid off again.

Mercer, 24, is a versatile young two-way forward who can play center or wing on the second or third line. He’s in the final season of a three-year contract with a $4 million AAV and will be a restricted free agent with arbitration rights next summer.

Daws is in the first season of a two-year contract with an average annual value of $1.1 million. He’s spent five seasons bouncing between the Devils and their AHL affiliate. The 25-year-old goaltender will get a chance to stick with the Jets this season as he’ll likely share duties with current starter Stuart Skinner.

The 34-year-old Bjugstad is a big, well-traveled checking-line forward who also plays center or on the wing. He’s in the second season of a two-year deal with a $1.75 million AAV.

Command was chosen 12th overall in this year’s draft. The 18-year-old center is considered an energetic, two-way playmaker. He’s currently playing for Örebro HK in the Swedish Hockey League.

It can be argued that the Jets didn’t get full value for Hellebuyck, but trades for superstars rarely fetch returns equivalent to their talent. It doesn’t make the Jets a Stanley Cup contender this season, but it should help them remain competitive now and in the future.










Maple Leafs Ship Matthew Knies to Blue Jackets for Kirill Marchenko in Multi-Player Trade

by | Sep 28, 2026

Maple Leafs Ship Matthew Knies to Blue Jackets for Kirill Marchenko in Multi-Player Trade

The Toronto Maple Leafs acquired winger Kirill Marchenko, forward Miles Wood, and goaltender Elvis Merzlikins from the Columbus Blue Jackets in exchange for winger Matthew Knies, forward Steven Lorentz, defenseman Emil Andrae, and a conditional 2027 second-round draft pick.

The Maple Leafs signed Marchenko to a six-year, $75-million contract extension with an average annual value of $12.5 million. The Blue Jackets retain 18 percent of Merzlikin’s $5.4 million cap hit.

SPECTOR’S NOTE: Who said blockbuster moves no longer happen on the eve of the regular season?

Columbus Blue Jackets trade winger Kirill Marchenko to the Toronto Maple Leafs (NHL Images).

This is a significant move by both clubs. Marchenko was a fixture in the rumor mill over the summer after it was reported that he was unwilling to sign an extension with Columbus. Blue Jackets general manager Don Waddell insisted that he wasn’t seeking draft picks and prospects for the 26-year-old winger, instead preferring a comparable scoring winger in return.

Waddell gets his wish with Knies. The 23-year-old power forward is in the second season of a seven-year contract with an affordable AAV of $7.75 million. He’s made steady progress in his three-season NHL career. Despite being hampered by a knee injury last season, he reached a career-high 66 points in 79 games. He’ll likely skate at left wing on the Blue Jackets’ first line alongside young center Adam Fantilli.

Meanwhile, Marchenko will take Knies’ former spot alongside Maple Leafs superstar center Auston Matthews. Unlike Knies’ physical net-front presence, Marchenko is a swift, offensively creative forward who had a career-best 74-point performance in 2024-25. His style could mesh well with Matthews’ game.

The rest of the players in this deal are mostly depth players being swapped for salary-cap reasons.

Merzlikins was formerly the Blue Jackets’ starting goaltender until losing that job last season to Jet Greaves. He’s sidelined indefinitely due to offseason shoulder surgery and will go on long-term injury reserve. Merzlikins is in the final season of his contract and is UFA-eligible next summer. Given his injury status, it’s unlikely he’ll suit up for the Leafs this season.

So what do you think of this deal? Let us know in the comments below.










Looking Back On The Sharks Re-Signing Celebrini

by | Sep 12, 2026

Looking Back On The Sharks Re-Signing Celebrini

With NHL training camps opening on Sept. 16, I’m looking back on my reaction to some of the summer’s biggest stories. Today, it’s the San Jose Sharks signing Macklin Celebrini to what was then a record-setting contract extension. 

Celebrini has only played two NHL seasons, but he earned that whopping pay raise after finishing fourth among NHL scorers last season with a franchise-best 115 points. He is truly a generational talent who established himself among the NHL’s superstars last season and the undisputed foundation player for the rebuilding Sharks. 

San Jose Sharks center Macklin Celebrini (NHL Images).

Celebrini is another high-salaried player earning the bulk of his money in annual signing bonuses. It’ll be interesting to see if the league allows that practice to continue in the next CBA once the current one expires in September 2030.

Signing bonuses aren’t a salary-cap loophole because the total value of the bonus counts against the average annual value. What it does is guarantee players more money upfront, even if there’s a lockout or an unforeseen event (like a pandemic) that could shorten or shut down a season.

What could make signing bonuses a contentious issue is that wealthy teams can afford them more easily than small-market or cap-strapped teams. That could give deep-pocketed clubs an edge in re-signing talent, especially those eligible for unrestricted free-agent status.

It also creates the situation we saw with Anaheim Ducks center Leo Carlsson. Earlier this month (July 2026), he signed an expensive offer sheet with the Philadelphia Flyers, who gambled that the Ducks couldn’t afford to match it because of the hefty signing bonuses. The Ducks matched, but it created an expensive headache for them later.

The Sharks had little choice but to sign Celebrini to his expensive new contract. It will also cost a lot to re-sign Smith, something Grier understandably wants to do now before his value climbs again. Misa could also be another high-priced re-signing next summer if he blossoms as expected in his sophomore campaign.

Misa is justified in his excitement about his promising team’s future. However, building the Sharks into a contender got more expensive.

PuckPedia indicates that the Sharks currently have $34.7 million cap space for 2027-28, the first season under Celebrini’s new contract. Assuming Smith gets $10 million annually and Graf $6.5 million on long-term deals, they’ll have around $18.2 million left. That will give them more than enough to re-sign promising goalie Yaroslav Askarov, who is an RFA with arbitration rights next summer, and sufficient space to fill out the remainder of the roster.

However, it could become more costly over the following two years. That’s when Misa, Sam Dickinson, Igor Chernyshov, and Stenberg will be due for new contracts. They’ll also face finding suitable replacements for aging core players Tyler Toffoli and Dmitry Orlov, and for backup goalies Alex Nedeljkovic and Eric Comrie.

The rising cap should help Grier in his efforts to re-sign or replace those players. However, the cost of doing so could reach a point where they run out of sufficient salary-cap space to add the necessary depth to become a Stanley Cup contender.










The Carlsson Offer Sheet And Its Aftermath

by | Sep 6, 2026

The Carlsson Offer Sheet And Its Aftermath

With NHL training camps opening on Sept. 16, I’m looking back on my reaction to some of the summer’s biggest stories.

The following is my initial reaction to the Philadelphia Flyers signing Anaheim Ducks center Leo Carlsson to a five-year offer sheet on July 3, with what was then a league-record average annual value of $18 million.

Anaheim Ducks center Leo Carlsson (NHL Images)

The last time any team signed a player to an expensive offer sheet was in the summer of 2012, when the Flyers (!) inked Shea Weber of the Nashville Predators to a 14-year, $110 million offer sheet, which the Predators matched. That contract finally expired at 11:59 PM on June 30.

It’s a bold move by Briere, one that could be costlier than the big bite it will take out of the Flyers’ salary-cap payroll if the Ducks decline to match the offer.

Carlsson has established himself as a first-line center with the potential to become a superstar. However, he hasn’t yet reached the level where he deserves to be the league’s highest-paid player in terms of AAV. That will have a wide-ranging effect on the cost of signing every comparable young NHL player, including those of the Flyers going forward (hello there, Matvei Michkov, if he has a significant bounce-back performance this season). 

Another factor is the possibility that Carlsson struggles to adjust to a new club in one of the NHL’s bigger markets under a much harsher spotlight than he’s faced in Anaheim. He’ll definitely feel the pressure to meet the expectations that come with that massive annual cap hit.

If Carlsson adjusts quickly and meets those expectations, this signing could be remembered as the moment when the Flyers became a powerhouse. If he falters, it will be seen as the beginning of the end of Briere’s tenure as general manager.

For the Ducks, some folks believe this is karma biting Verbeek for his years of playing hardball with restricted free agents such as Drysdale, Zegras, and Mason McTavish, all of whom no longer play for the Ducks. They feel Verbeek could’ve avoided this had he signed Carlsson to a lucrative new contract on July 1 instead of trying to play the waiting game.

The Ducks are damned if they do and damned if they don’t. Most observers expect they’ll swallow hard and match the Flyers’ offer. Doing so will definitely screw up their salary cap for this season and complicate efforts to re-sign Gauthier and Mintyukov, especially if the latter signs an offer sheet. Letting Mintyukov go will weaken their already thin blueline for this season.

SPECTOR’S NOTE: On July 9, the Ducks matched the Flyers’ offer sheet for Carlsson. 

Most observers expected Anaheim to match the offer. Ducks general manager Pat Verbeek is publicly pleased to retain Carlsson, but his lack of foresight in this situation has significant salary-cap consequences for his club.

Keeping Carlsson screws up the Ducks’ salary cap for this season, leaving little space to re-sign high-scoring winger Cutter Gauthier and to bolster their young blueline. It will also affect their cap plans throughout Carlsson’s contract, potentially hampering their development as a future Stanley Cup contender.

However, not matching the offer would’ve cost them their first-line center, setting them back for a few years as they tried to find a suitable replacement.

Some observers suggested using the four compensatory first-round picks they would’ve received from the Flyers as trade bait to address that issue. That’s much easier said than done, and anyone they find might not adequately replace Carlsson.

SPECTOR’S NOTE: On July 30, I looked at the long-term impact the Carlsson offer sheet would have on future contracts for NHL stars.

The ripples from the Flyers’ bid to land Carlsson will be felt for years. It couldn’t have happened without the substantial increases in the salary cap.

It could also create a situation in which the NHL once again finds itself with “have” and “have-not” franchises, something the salary cap was supposed to address over 20 years ago. Teams in smaller markets could find it difficult to reach the annual salary cap minimum, losing players through free agency or cost-cutting trades to wealthier markets flush with cap space. 

The NHL has a better revenue-sharing system in place to help small-market or struggling franchises than it did over 20 years ago. Nevertheless, it might not be enough to help some of them remain competitive against richer, well-managed teams.










Steve Yzerman Out as Red Wings General Manger

by | Jul 15, 2026

Steve Yzerman Out as Red Wings General Manger

The Detroit Red Wings announced that Steve Yzerman is moving out of his role as general manager to become a senior advisor to team governor and CEO Chris Illich.

According to the press release, Illich is leading the search for a new general manager.

Yzerman had been the Red Wings’ GM since 2019. During that tenure, the club failed to make the playoffs, a drought that has now lasted a decade.

Detroit Red Wings general manager Steve Yzerman (NHL.com).

SPECTOR’S NOTE: This might look like a promotion for Yzerman, but it isn’t. The only reason he’s staying with the organization is his legendary status as one of the greatest players in franchise history.

As a player, Yzerman became a Red Wings legend, the captain who led them to three Stanley Cup championships. However, he was unable to replicate that success as their general manager.

When Yzerman took over as the Wings’ GM, he was coming off a successful tenure building up the Tampa Bay Lightning into a Stanley Cup contender. He had drafted cornerstone players such as Nikita Kucherov and Andrei Vasilevskiy, as well as centers Brayden Point and Anthony Cirelli, all of whom remain with the Lightning today. He was named General Manager of the Year in 2015.

It was expected that Yzerman would have the same front-office success when he returned to the Red Wings in 2019.

For a while, it appeared the Red Wings were heading in the right direction. He drafted defensemen Moritz Seider and Simon Edvinsson and winger Lucas Raymond, traded for Alex DeBrincat, and signed free agent Patrick Kane. In recent years, their prospect pipeline has been considered among the league’s best.

The Red Wings’ record gradually improved. In each of the last three seasons, they were holding playoff berths entering March, only to collapse down the stretch. A lack of reliable goaltending, blueline depth, and scoring punch remained issues that Yzerman struggled to address.

However, Wings fans were growing impatient over the club’s inability to get over the playoff hump. They booed the club off the ice during their final home game last season.

Team captain Dylan Larkin publicly criticized Yzerman’s inability to acquire help during the March 2025 trade deadline. Last month, it was reported that he requested a trade, which has been fodder for the rumor mill ever since.

The ongoing Larkin situation may have been the last straw for Illich. Whatever prompted this move, the fact remains that Yzerman’s tenure as general manager will be considered a failure.

He leaves the role with a team captain wanting a trade, a roster riddled with questions, and a fan base that has lost faith in the club’s direction.










Notable NHL Free Agent Signings and Trades – July 1, 2026

by | Jul 1, 2026

Notable NHL Free Agent Signings and Trades – July 1, 2026

The Edmonton Oilers sign goaltender Frederik Andersen to a one-year contract with a $1 million base salary and $1.8 million performance bonus.

The Winnipeg Jets signed defenseman Mario Ferraro to a three-year contract worth an average annual value of $4 million

Sportsnet’s Elliotte Friedman reports the New Jersey Devils have signed Utah Mammoth restricted free agent forward Barrett Hayton to a one-year offer sheet worth $4.775 million. The Mammoth will receive the Devils’ 2027 second-round pick as compensation if they don’t match the offer within seven days.

The Utah Mammoth signs winger Anders Lee to a three-year contract worth an average annual value of $5.4 million.

The Edmonton Oilers sign defenseman Ryan Shea to a five-year contract worth an average annual value of $4 million.

The New York Rangers trade defenseman Will Borgen to the Boston Bruins in exchange for a 2027 second-round pick and a conditional third-rounder in 2028.

The New York Rangers acquire defenseman Marcus Pettersson from the Vancouver Canucks in exchange for a 2030 first-round pick (top-10 protected).

The Edmonton Oilers trade defenseman Darnell Nurse to the San Jose Sharks in exchange for defenseman Shakir Mukhamadullin and prospect blueliner Zack Sharp. The Oilers did not retain salary in this deal.

The New York Rangers trade center Vincent Trocheck to the Utah Mammoth in exchange for defenseman Sean Durzi, prospect center Cole Beaudoin, and a 2027 third-round draft pick.

The Washington Capitals sign Boone Jenner to a four-year contract with an average annual value of $5.75 million.

The Toronto Maple Leafs trade goaltender Dennis Hildeby, a 2027 fourth-round pick, and a 2028 third-round pick to the Tampa Bay Lightning in exchange for forward Nick Paul.

The Boston Bruins trade goaltender Joonas Korpisalo to the New York Rangers for a fourth-round pick in 2028.

The Pittsburgh Penguins signed winger Andrei Kuzmenko to a one-year, $5 million contract.

The New York Rangers signed forward Oliver Bjorkstrand to a one-year, $4.5 million contract.

The Toronto Maple Leafs sign center Colton Sissons to a two-year contract worth an average annual value of $4.25 million.

The Toronto Maple Leafs sign goaltender Sergei Bobrovsky to a three-year deal worth an average annual value of $7 million.

The San Jose Sharks sign defenseman Jacob Trouba to a four-year contract worth an average annual value of $8.25 million.

Toronto Maple Leafs sign goaltender Sergei Bobrovsky (NHL Images).

The Winnipeg Jets sign goaltender Stuart Skinner to a two-year contract worth an average annual value of $3.75 million.

The Toronto Maple Leafs sign forward Jack Roslovic to a two-year contract with an AAV of $4 million.

The Colorado Avalanche sign forward Jaden Schwartz to a three-year contract worth an AAV of $3.25 million

The Florida Panthers re-sign forward Eetu Luostarinen to an eight-year contract worth an AAV of $5 million.

The Vegas Golden Knights re-sign defenseman Rasmus Andersson to a seven-year contract with an average annual value of $8.5 million.

The San Jose Sharks signed winger Mason Marchment to a five-year contract worth an average annual value of $7 million.

The Detroit Red Wings sign winger Viktor Arvidsson to a two-year contract worth an AAV of $5 million.

The Los Angeles Kings sign winger Mats Zuccarello to a one-year contract worth $1 million in base salary, along with a $5.5 million performance bonus. 

The Montreal Canadiens sign winger Ivan Demidov to an eight-year contract extension worth an average annual value of $9.125 million.

The Chicago Blackhawks sign defenseman Bowen Byram to a six-year, $75 million contract extension with an average annual value of $12.5 million.

The New Jersey Devils sign center Nico Hischier to a five-year, $58.5 million contract extension with an average annual value of $11.7 million.

The Dallas Stars trade forward Mavrik Bourque and defenseman Ilya Lyubushkin to the Nashville Predators in exchange for a second-round pick in 2027 and a third-round pick in 2028.

The Florida Panthers sign Radko Gudas to a six-year contract with an AAV of $1.5 million.

The Toronto Maple Leafs trade winger Nick Robertson to the Pittsburgh Penguins for a fourth-round draft pick (year TBD).

Buffalo Sabres re-sign defenseman Olen Zellweger to a three-year, $9 million contract with an AAV of $3 million.

The Los Angeles Kings sign forward Erik Haula to a two-year contract with an AAV of $3.6 million.