NHL Rumor Mill – July 10, 2025

by | Jul 10, 2025

NHL Rumor Mill – July 10, 2025

Check out the latest on Erik Karlsson, Ilya Sorokin and Jordan Kyrou, plus five teams that could make moves this summer, in today’s NHL Rumor Mill.

RG.ORG: James Murphy reports multiple teams are interested in Pittsburgh Penguins defenseman Erik Karlsson.

According to a league source, the Toronto Maple Leafs are among them. They’re in the market for an offensive defenseman and have also been linked to Dougie Hamilton of the New Jersey Devils. The Penguins would have to retain part of their share ($10 million) of his average annual value.

Pittsburgh Penguins defenseman Erik Karlsson (NHL Images)

The source also dismissed the notion of bad blood between Penguins general manager Kyle Dubas and his former team. It’s also believed the Detroit Red Wings, Anaheim Ducks, Utah Mammoth and Dallas Stars were involved.

SPECTOR’S NOTE: The Leafs have $4.9 million in cap space, meaning the Penguins must retain up to half of their share of Karlsson’s cap hit. Even then, the Leafs would have to shed more salary to make it work.

Karlsson is reportedly willing to waive his no-movement clause to join a contender. That rules out the Red Wings, Ducks and Mammoth.

The Stars meet the contender criteria, but they’re over the cap by nearly $1.8 million. It’s unlikely they could make the dollars fit.

THE HOCKEY NEWS: Stefen Rosner is skeptical of a recent report suggesting the New York Islanders were considering trading goaltender Ilya Sorokin during the 2025 NHL Draft.

The report claimed Islanders GM Mathieu Darche might’ve dangled Sorokin in an attempt to move up in the first-round draft order to select Long Island native James Hagens. However, Rosner pointed out that Darche indicated teams weren’t willing to trade their first-rounders.

Rosner also doesn’t see the Islanders trading their franchise goaltender when backup Semyon Varlamov is coming off lower-body surgery. He also noted that Sorokin is in the second season of an eight-year contract with a full no-movement clause.

SPECTOR’S NOTE: The only reason Darche would trade Sorokin is if he were staging a full roster rebuild. As Rosner noted, the Islanders aren’t moving their core players if they remain committed to being competitive.

STLTODAY.COM: Lynn Worthy doesn’t put much stock into recent trade rumors surrounding Blues winger Jordan Kyrou.

He acknowledged the 27-year-old’s scoring ability is what would make him a great trade chip. However, it’s also a big reason why the Blues should retain him, especially since they were 13th last season in goals scored.

SPECTOR’S NOTE: Most of the Kyrou speculation occurred before his no-trade clause kicked in on July 1. Unless he’s keen to move on (and he’s publicly expressed no such sentiment), he’ll be in their lineup when the regular season begins in October.

SPORTSNET: Sonny Sachdeva listed the Edmonton Oilers, Toronto Maple Leafs, Winnipeg Jets, Los Angeles Kings and Colorado Avalanche as five teams that could make moves in this summer’s trade market.

It’s believed the Oilers considered moving out a key player like Adam Henrique or Darnell Nurse to continue reshaping their roster, but they declined to waive their no-trade clauses.

SPECTOR’S NOTE: Sachdeva suggested the Oilers take a swing at adding Minnesota’s Marco Rossi or Florida’s Evan Rodrigues, or a depth forward like New Jersey’s Dawson Mercer or Colorado’s Ross Colton. Their biggest need, however, remains between the pipes. However, the limited goaltending options available mean they could be waiting for a while to find a suitable trade target.

The Maple Leafs could use a couple of scoring forwards. Sachdeva proposed Rickard Rakell and Bryan Rust of the Pittsburgh Penguins as trade targets. Moving out forwards Calle Jarnkrok and David Kampf would free up $4.5 million to create additional cap space to facilitate a trade.

SPECTOR’S NOTE: The Leafs could get Rakell or Rust but not both. However, they lack the tradeable assets to interest the Penguins, like a first-round pick or a good, young NHL player.

The Jets have the cap space ($19.8 million) to work with if they wish to continue adding to their forward lines. One option could be Utah Mammoth center Nick Schmaltz, who has a year left on his contract with a cap hit of $5.85 million.

SPECTOR’S NOTE: The Mammoth hopes to push for a playoff berth this season, so it’s unlikely Schmaltz is available. It might be a different story if they’re outside the postseason picture by the March trade deadline.

Sachdeva noted the Kings made some additions via free agency (forwards Corey Perry and Joel Armia, defensemen Cody Ceci and Brian Dumoulin), but they need more if they hope to take the next step this season.

SPECTOR’S NOTE: Sachdeva mentioned acquiring Jason Robertson from the Dallas Stars, but even he considers that to be a remote possibility.

The Avalanche could be a landing spot for Schmaltz or one of the Penguins’ wingers.

SPECTOR’S NOTE: See my previous comments on Rust, Rakell and Schmaltz.










Sunday NHL Rumor Roundup – July 6, 2025

by | Jul 6, 2025

Sunday NHL Rumor Roundup – July 6, 2025

What are the Rangers’ plans for Artemi Panarin? Could the Blues acquire Sabres defenseman Bowen Byram? What’s the latest on the Red Wings? Find out in the Sunday NHL Rumor Roundup.

WHAT ARE THE RANGERS PLANS FOR PANARIN?

NEW YORK POST: Larry Brooks wondered what the New York Rangers intend to do with Artemi Panarin following the 2025-26 season. The 33-year-old left winger has a year left on his contract and is eligible for unrestricted free-agent status next July.

Brooks considers Panarin to be the greatest free-agent signing in Rangers history. Since joining the Blueshirts in 2019, he’s fourth among all NHL scorers with 550 points since 2019-20. He has also led the Rangers in scoring in each of his six seasons with the club.

New York Rangers winger Artemi Panarin (NHL Images).

According to Brooks, the Rangers haven’t opened contract extension talks yet with Panarin. That raises the possibility of his departure next summer. Despite his age, Panarin has turned in his best seasons in his 30s.

Brooks suggests a four-year extension could do the trick. He believes the Rangers can’t afford to lose Panarin, suggesting having him on the roster beyond next season could help them entice other free-agent talent next summer.

SPECTOR’S NOTE: Speculation over Panarin’s future is bound to surface in the rumor mill at some point in this offseason. The longer he goes without a contract extension, the more questions will be raised about where he’ll be playing after this season.

The Rangers have over $29 million in cap space for 2026-27 with 17 active roster players under contract. Braden Schneider is the only key player besides Panarin to be re-signed. They’ll have the cap room to re-sign the high-scoring winger, perhaps even to a slight pay cut from his current $11.6 million AAV.

Whether Panarin wants to stay is another matter. That decision could depend on the club’s performance this season. If he feels the Rangers aren’t in Cup contention, he could move on to a team that would allow him to win that elusive championship.

COULD THE BLUES ACQUIRE BOWEN BYRAM?

THE ATHLETIC: Jeremy Rutherford and Matthew Fairburn examined recent speculation suggesting the St. Louis Blues were attempting to acquire Buffalo Sabres defenseman Bowen Byram.

The Blues are trying to revamp their defense corps. Rutherford and Fairburn believe he’d slot in as their second-pairing right-side blueliner if they could include Justin Faulk in the deal. They also speculate the Blues might have to part with a good young NHL player (like Jake Neighbours) as part of the return.

SPECTOR’S NOTE: The last two major trades made by the Sabres were player-for-player swaps. That included the deal that sent Byram to the Sabres in 2024, with Casey Mittelstadt going to the Colorado Avalanche.

The Sabres already have plenty of draft picks and prospects. They want a player who can help them immediately, starting this season.

Faulk isn’t that player. He’s 33 years old with two years left on his contract at an AAV of $6.5 million. He also has a 15-team no-trade list, and there’s a good chance that the Sabres are on that list. 

THE RED WINGS ARE STILL TRYING TO ADD TO THEIR ROSTER

DETROIT HOCKEY NOW: Bob Duff recently reported that Red Wings GM Steve Yzerman isn’t giving up trying to add to his roster this summer. He intends to explore the trade market to try and make the necessary upgrades to his team.

Yzerman addressed his goaltending depth by acquiring John Gibson from the Anaheim Ducks. However, the Wings still need a top-six forward and a top-four defenseman.

THE ATHLETIC: Max Bultman noted that Pittsburgh Penguins forwards Bryan Rust and Rickard Rakell and Buffalo Sabres defenseman Bowen Byram are the big-name forwards believed to be available in this summer’s trade market. That’s assuming the Dallas Stars don’t put winger Jason Robertson on the trade block.

SPECTOR’S NOTE: We already know that the Sabres want a good young NHL player as part of the return for Byram. The rebuilding Penguins would likely want a similar return for Rust or Rakell. As for Robertson, there’s no indication that the Stars are shopping him, though there are probably clubs that could be interested in acquiring him.

Red Wings defenseman Simon Edvinsson and center Marco Kasper could be the players the Sabres or Penguins would want as part of the return. However, it’s unlikely Yzerman would give up either of those promising youngsters.










NHL Rumor Mill – July 4, 2025

by | Jul 4, 2025

NHL Rumor Mill – July 4, 2025

What’s the latest on Bowen Byram? What will teams do that missed out in the free-agent market? Find out in today’s NHL Rumor Mill.

THE LATEST BOWEN BYRAM SPECULATION

TSN: cited the Athletic’s Jeremy Rutherford reporting the St. Louis Blues have been trying hard to acquire Bowen Byram. He also speculated that the 24-year-old Buffalo Sabres defenseman could receive an offer sheet.

The Blues made headlines last summer by using offer sheets to successfully sign away defenseman Philip Broberg and winger Dylan Holloway from the Edmonton Oilers.

THE ATHLETIC: Matthew Fairburn reminded us that Byram is a restricted free agent with arbitration rights this summer. However, he’s yet to put pen to paper on a new contract with the Sabres.

Buffalo Sabres defenseman Bowen Byram (NHL Images).

Earlier this week, Sabres general manager Kevyn Adams indicated that he would match any offer sheet for Byram, pointing out they saved cap space ($12 million) to address that possibility.

If Adams decides to trade Byram, his preference is for a return that immediately helps the Sabres. Fairburn speculated that it could contain multiple players, like the recent JJ Peterka deal with the Utah Mammoth. It could also involve packaging Byram with a pick or prospect for a better player.

SPECTOR’S NOTE: The Blues have just over $625,000 in cap space, but they can free up $6.5 million by placing Torey Krug on long-term injury reserve (LTIR). Nevertheless, that won’t be enough for an unmatchable offer sheet for Byram.

If Byram wants out of Buffalo, signing an offer sheet could backfire on him if the Sabres match. A trade seems the only way he gets moved this summer, and that’s not a certainty if Adams doesn’t get the return he wants.

WHAT’S NEXT FOR TEAMS THAT MISSED OUT ON FREE AGENCY?

THE HOCKEY NEWS: Jonathan Tovell cited TSN’s Chris Johnston speculating that teams that lost out on the best available talent in this summer’s unrestricted free-agent market (UFA) could turn to the trade market to address their roster needs.

Potential trade options include Pittsburgh Penguins forwards Bryan Rust and Rickard Rakell, Dallas Stars winger Jason Robertson, or Nashville Predators winger Jonathan Marchessault.

SPECTOR’S NOTE: The Penguins are open to offers for Rust and Rakell but they aren’t shopping them. The asking price will include a good young NHL player in the return.

The Stars are roughly $1.8 million over the salary cap. They can be over the cap by 10 percent during the offseason but must be cap-compliant at the start of the regular season.

Robertson surfaced in the rumor mill following the Stars’ third-straight elimination from the Western Conference Final. He’s a year away from restricted free-agent status (RFA) with arbitration rights and a year away from UFA eligibility after that.

Shedding Robertson’s $7.75 million AAV for this season would not only make them cap-compliant but also provide invaluable wiggle room for other moves during the season. Given his value to their offense, however, they could opt for a more affordable move to shed salary.

As for Marchessault, Nashville general manager Barry Trotz said there was no truth to the recent trade rumors, indicating the veteran winger will return with the Predators this season.

Tovell also mentioned the possibility of some teams targeting RFAs on other clubs with offer sheets. Possible targets include Kaapo Kakko of the Seattle Kraken, Alex Laferriere of the Los Angeles Kings, Gabriel Vilardi of the Winnipeg Jets, Marco Rossi of the Minnesota Wild and Mason McTavish of the Anaheim Ducks.

However, those players must be willing to entertain those offer sheets. If they do, their current clubs have the option to match them.

SPECTOR’S NOTE: It’ll be a waste of time for clubs to target most of those players as their current teams have over $10 million in salary-cap space, more than enough to match.










NHL Morning Coffee Headlines – July 3, 2025

by | Jul 3, 2025

NHL Morning Coffee Headlines – July 3, 2025

Connor Bedard’s contract extension talks are underway, Brock Boeser explains why he returned to the Canucks, the Stars introduce Glen Gulutzan as their new head coach, and more in today’s NHL Morning Coffee Headlines.

BEDARD’S CONTRACT TALKS, BOESER’S RETURN TO CANUCKS, STARS HIRE GULUTZAN

TSN: Chicago Blackhawks general manager Kyle Davidson confirmed his club has opened contract extension talks with Connor Bedard.

Davidson declined to go into detail, but said the 19-year-old center remains committed to the Blackhawks and wants to be in Chicago long-term.

Chicago Blackhawks center Connor Bedard (NHL Images).

The rebuilding Blackhawks’ struggles during Bedard’s first two NHL seasons saw him at times admit his frustration over the club’s performance. That sparked rumors that he wanted out of Chicago, which he denied several times last season.

SPECTOR’S NOTE: Bedard is in the final season of his entry-level contract and is the foundation for the Blackhawks’ rebuild. They’ll open the vault to keep him and will undoubtedly try to lock him up for the maximum term.

Bedard isn’t the only notable Blackhawk eligible to sign a contract extension this summer. Forward Frank Nazar and goaltender Spencer Knight are also due to become restricted free agents (RFA) next summer. Like Bedard, Nazar is in the final season of his entry-level contract and will lack arbitration rights. Knight is in the final season of his second NHL contract and will be arbitration-eligible next July.

THE SCORE: Brock Boeser told NHL.com that he was prepared to sign with a new team when free agency began on July 1. However, a last-minute call from the Vancouver Canucks led to his return on a seven-year contract with an average annual value (AAV) of $7.25 million.

Boeser said the phone call from the Canucks came as a shock, but it convinced him to instruct his agent to get a deal done. “I think my heart was still in Vancouver,” said the nine-year Canucks veteran.

SPECTOR’S NOTE: Boeser’s love of Vancouver must run deep. He seemed certain to depart, especially after they attempted to move him at the March trade deadline.

THE DALLAS MORNING NEWS: The Stars introduced Glen Gulutzan as their new head coach. It’s the second time he held the job, having served in that role 12 years ago.

Gulutzan addressed the concerns among some Stars fans about his return. He said GM Jim Nill was right to fire him back then, adding that he’s improved as a bench boss after eight seasons as an assistant coach with the Edmonton Oilers.

SPECTOR’S NOTE: Nill didn’t win the GM of the Year award three straight times by making rash decisions. He’s put a considerable amount of thought into this hiring.

THE LATEST NOTABLE CONTRACT SIGNINGS

COLORADO HOCKEY NOW: The Avalanche signed defenseman Brent Burns to a one-year contract with a $1 million base salary and $2 million in bonus clauses.

SPECTOR’S NOTE: Burns is 40 and well removed from his peak years with the San Jose Sharks. Nevertheless, he’s the NHL’s active Ironman (925 consecutive games played) and netted 29 points last season with the Carolina Hurricanes. He’ll provide experienced depth on the right side of the Avs’ blueline.

THE WINNIPEG SUN: The Jets signed forward Gustav Nyquist for a one-year, $3.25 million contract.

SPECTOR’S NOTE: This move suggests that forward Nikolaj Ehlers won’t be returning with the Jets. The 29-year-old wing remains the top player available in the UFA market. He could decide on his next destination by today.

STLTODAY.COM: The Blues inked center Pius Suter to a two-year contract with an AAV of $4.125 million.

SPECTOR’S NOTE: The Blues were seeking additional depth at center. The 29-year-old Suter is coming off a career-best 25-goal performance with the Canucks.

The Blues also placed defenseman Nick Leddy on waivers.

CALGARY SUN: The Flames signed RFA center Morgan Frost to a two-year contract with an AAV of $4.375 million.

SPECTOR’S NOTE: On Jan. 30, the Flames acquired the 26-year-old Frost and forward Joel Farabee from the Philadelphia Flyers. He put up 37 points in 81 games last season, split between Philadelphia and Calgary. The Flames hope he’ll find a more consistent offensive form that has eluded him thus far in his six-season NHL career.

VEGAS HOCKEY NOW: The Golden Knights signed defenseman Kaeden Korczak to a four-year contract extension with an AAV of $3.25 million.

DAILY FACEOFF: The Ottawa Senators signed forward Arthur Kaliyev to a one-year, two-way contract.

SPECTOR’S NOTE: A once-promising forward with the Los Angeles Kings, the 23-year-old winger struggled with injuries and consistency. He was claimed off waivers by the New York Rangers, putting up four points in 14 games with the Blueshirts.

NYI HOCKEY NOW: The Islanders signed coveted Russian free-agent forward Maxim Shabanov to a one-year, entry-level contract. He had 23 goals and 67 points in 65 KHL games last season.

TSN: The NHL, NHL Players’ Association, IOC and IIHF finalized an agreement allowing NHL players to participate in the 2026 Winter Olympics next February.










NHL Rumor Mill – July 2, 2025

by | Jul 2, 2025

NHL Rumor Mill – July 2, 2025

Check out the latest on Nikolaj Ehlers, Bowen Byram and Rasmus Andersson, plus the latest on the Maple Leafs in today’s NHL Rumor Mill.

EHLERS STILL AVAILABLE IN UFA MARKET

Former Winnipeg Jets winger Nikolaj Ehlers is the only player still unsigned among this summer’s top-10 unrestricted free agent class.

Winnipeg Jets winger Nikolaj Ehlers (NHL Images).

ESPN’s Emily Kaplan reported the Carolina Hurricanes, Washington Capitals and Tampa Bay Lightning were among the clubs interested in the 29-year-old winger.

SPECTOR’S NOTE: The Ehlers camp can afford to take its time. Unlike recent UFA years, there are a lot of teams with cap space this summer. Those in the market for a top-six forward will be interested in signing him.

One of them is his former team. We can’t rule out the possibility of his return to Winnipeg, but it seems likely he’ll be heading elsewhere as early as today.

WILL BOWEN BYRAM BE TRADED OR SIGN AN OFFER SHEET?

TSN: Darren Dreger reported Tuesday that the Flames, Golden Knights, Los Angeles Kings, and St. Louis Blues were among the teams holding trade talks with the Buffalo Sabres about Bowen Byram. The 24-year-old defenseman is a restricted free agent (RFA) with arbitration rights.

Dreger also suggested the possibility of Byram signing an offer sheet with a rival club. Chris Johnston believes the sweet spot of such an offer would come in at $7,020,113 on the offer-sheet compensation scale. Anything below that means the Sabres receive a first-round pick and a third-round pick as compensation if they decline to match.

If the Sabres were to match an offer sheet for Byram, Johnston pointed out that it would take him up to UFA status next summer while losing the ability to trade him.

THE BUFFALO NEWS: Mike Harrington noted the reports suggesting Byram might receive an offer sheet. However, he thinks Byram would’ve signed one by now if he were interested.

SPECTOR’S NOTE: The interested teams could be trying to go the trade route first before resorting to an offer sheet. Then again, maybe the offer-sheet speculation was merely some pundits killing time on air during the opening day of a talent-thin free-agent market. We’ll find out in due course.

Even with Alex Pietrangelo on long-term injury reserve, the Golden Knights have limited cap space to pursue Byram. They must find another way to shed salary to pull this off.

The Blues could be out of the market after acquiring promising Logan Mailloux from the Montreal Canadiens yesterday. The Kings are also probably out after signing Brian Dumoulin and Cody Ceci.

THE LATEST ON RASMUS ANDERSSON

CALGARY SUN: Wes Gilbertson considers it inevitable that the Flames will trade Rasmus Andersson. The 28-year-old defenseman is in the final season of his contract with no extension in sight.

Andersson has been linked to the Vegas Golden Knights following reports claiming they were the only team he was willing to sign a contract extension with if traded.

TSN: reports Flames general manager Craig Conroy said he hadn’t given the Andersson camp permission to speak with other clubs about an extension, and the blueliner has never told him that he was honed in on one team.

SPECTOR’S NOTE: Conroy has repeatedly said he has no problem with Andersson being in the lineup when the Flames begin the 2025-26 regular season. Nevertheless, a team that lost out in signing a top-four defenseman via free agency could soon come calling about Andersson.

UPDATES ON THE MAPLE LEAFS

THE ATHLETIC: Jonas Siegel believes the Toronto Maple Leafs’ biggest offseason need is finding a way to bolster their offense following the departure of Mitch Marner to the Vegas Golden Knights.

Siegel believes they need a winger who can make plays next to Auston Matthews or John Tavares, or a second-line center that pushes Tavares to the wing or drops down to the third line.

SPORTSNET: Luke Fox believes Maple Leafs GM Brad Treliving will survey the trade market, find a bona fide top-six forward, and make a hard pitch.

SPECTOR’S NOTE: Easier said than done. Treliving might have to wait until the regular season to address that issue.










NHL Morning Coffee Headlines – July 2, 2025

by | Jul 2, 2025

NHL Morning Coffee Headlines – July 2, 2025

Mitch Marner reveals why he left the Leafs for the Golden Knights, reaction to the biggest moves during the opening day of free agency, and much more in today’s NHL Morning Coffee Headlines.

MITCH MARNER SHEDS LIGHT ON HIS DECISION TO LEAVE THE MAPLE LEAFS

TORONTO SUN: Former Maple Leafs winger Mitch Marner was formally introduced as the newest member of the Vegas Golden Knights during a press conference in Las Vegas on Tuesday.

The 28-year-old winger was part of a sign-and-trade agreement between the two clubs on June 30, agreeing to an eight-year, $96-million contract. Speaking with the media for the first time since the deal, he revealed the reasons why he changed teams.

Former Toronto Maple Leafs winger Mitch Marner (NHL Images).

Marner said Vegas was his first choice. Golden Knights general manager Kelly McCrimmon said the trade between the two teams was agreed to during the first round of the 2025 NHL Draft last Friday. He said they wanted the sign-and-trade to get the eighth year on his new contract, as it slightly lowered the average annual value.

SPECTOR’S NOTE: Under the existing CBA, a team can re-sign its own player to a maximum eight-year contract. Had the Golden Knights waited until free agency opened on July 1 to sign Marner, the deal would’ve been a maximum of seven years.

Under the next CBA, the maximum contract will be seven years for re-signing a player, and six years if they become an unrestricted free agent (UFA) starting in 2026-27.

The Golden Knights have been interested in Marner for some time. They attempted to acquire him at the March trade deadline in a three-way deal involving the Carolina Hurricanes. However, his wife was pregnant and he didn’t want to leave Toronto at that time. “And I was still very committed to playing in Toronto, and wanted to focus on being there and finishing a job there,” Marner said.

SPECTOR’S NOTE: Marner released a statement thanking the Leafs and their fans, acknowledging that he came up short trying to end their long Stanley Cup drought.

It’s a sad end to Marner’s nine seasons in Toronto. He was one of the greatest players in franchise history, sitting fourth all-time with 520 assists and fifth with 741 points. However, his postseason struggles drew the wrath of Leafs Nation, greasing the skids for his inevitable departure.

Marner will add more offense to the Golden Knights’ forward lines, and his elite two-way game will also help them defensively. However, his hefty new contract leaves them top-heavy with expensive forwards, leaving little cap space to address their lack of overall roster depth that has prevented them from repeating as Stanley Cup champions since winning the Cup two years ago.

REACTION TO SOME OF THE NOTABLE MOVES OF THE OPENING DAY OF FREE AGENCY

SPECTOR’S NOTE: I listed most of yesterday’s notable signings and trades here. However, I was unable to post my reactions as I was busy grading the biggest UFA signings for Bleacher Report. You can read those by following this link.

The New York Rangers traded defenseman K’Andre Miller to the Carolina Hurricanes in exchange for defenseman Scott Morrow, a conditional first-round pick in 2026, and a 2026 second-round pick. The Hurricanes signed Miller to an eight-year, $60-million contract with an average annual value (AAV) of $7.5 million.

SPECTOR’S NOTE: Miller struggled with consistency during his tenure with the Rangers. The Hurricanes are betting he’ll blossom under head coach Rod Brind’Amour’s system.

The Vancouver Canucks signed goaltender Thatcher Demko to a three-year contract extension with an AAV of $8.5 million.

SPECTOR’S NOTE: Demko has a year left on his current deal with a cap hit of $5 million. The 29-year-old netminder was a finalist for the Vezina Trophy in 2023-24, but a nagging lower-body injury limited him to 23 games last season.

The Canucks hope Demko’s injury woes are in the past. His new cap hit is among the league’s highest for goaltenders, but the short term suggests the injury issue remains a concern.

The Hurricanes also re-signed forward Logan Stankoven to an eight-year, $48 million contract. The AAV is $6 million.

SPECTOR’S NOTE: Stankoven was acquired from the Dallas Stars as part of the return in the Mikko Rantanen trade in March. A versatile forward who can play center or wing, the 22-year-old had 38 points in 78 games last season between the Stars and Hurricanes, and five goals and eight points in 18 playoff games.

The Hurricanes are betting on Stankoven’s potential to become a second-line forward. They will be hoping this gamble pays off better than the one they made in Jesperi Kotkaniemi, who hasn’t played up to expectations as a second-line center.

The Los Angeles Kings signed forwards Corey Perry and Joel Armia, defensemen Cody Ceci and Brian Dumoulin, and goaltender Anton Forsberg.

SPECTOR’S NOTE: This would be quite a haul for the Kings if most of those players were five years younger. It appears they’ve gotten older, not better.

The Boston Bruins acquired winger Viktor Arvidsson from the Edmonton Oilers for a 2027 fifth-round pick, and signed forward Tanner Jeannot to a five-year contract with an AAV of $3.4 million.

SPECTOR’S NOTE: The Bruins did the Oilers a favor by taking Arvidsson and his $4 million cap hit off their books. However, the 32-year-old winger hasn’t been the same since back surgery sidelined him for most of the 2023-24 campaign. They brought in Jeannot to bolster their toughness, but the deal is too long and too expensive for a fourth-line forward.

The Edmonton Oilers signed winger Andrew Mangiapane to a two-year contract with an AAV of $3.6 million.

SPECTOR’S NOTE: Mangiapane had a career-best season (35 goals, 55 points) in 2021-22, but his production has dropped off since then. He’s part of the Oilers’ efforts to offset the gaps in their forward lines following the departures of Arvidsson, Perry, Evander Kane and Connor Brown.

The Montreal Canadiens traded defenseman Logan Mailloux to the St. Louis Blues for forward Zachary Bolduc.

SPECTOR’S NOTE: This deal should benefit both clubs. The Canadiens drew from their depth in young defensemen to get a promising middle-six forward who tallied 19 goals as a rookie last season. The Blues added a mobile young blueliner with top-four potential to their defense corps.

The Philadelphia Flyers signed Dan Vladar to a two-year, $6.8 million contract with an AAV of $3.4 million.

SPECTOR’S NOTE: The Flyers’ goalie depth was dreadful last season. Vladar should be a reliable backup for young starter Samuel Ersson.

The Pittsburgh Penguins traded goaltender Alex Nedeljkovic to the San Jose Sharks for a 2028 third-round pick.

SPECTOR’S NOTE: Salary dump by the Penguins, clearing his $2.3 million cap hit from their books. Nedeljkovic will back up promising Yaroslav Askarov in San Jose.

IN OTHER NEWS…

DAILY FACEOFF: Winger Nikolaj Ehlers is the top player remaining in the UFA market. Other notables include defenseman Dmitry Orlov, center Pius Suter and winger Jack Roslovic.

RG.ORG: Utah Mammoth defenseman Mikhail Sergachev is pleased with the new CBA, singling out the elimination of escrow that annually withheld a portion of a player’s salary to balance potential revenue shortfalls. With league revenues more stable and predictable, escrow is being phased out.

SPECTOR’S NOTE: Escrow was an annoying issue for the players for years. They’re understandably happy that they won’t have to deal with those clawbacks.

THE HOCKEY NEWS: Reports suggest Flyers forward Tyson Foerster suffered a biceps injury that could sideline him for some time. Flyers general manager Daniel Briere said Foerster suffered an injury during the 2025 World Championships and came down with an infection that required surgery. There’s been no timeline for his return.

TSN: Long-time hockey analyst and insider Bob McKenzie has retired after 48 years as a journalist. His long career included stops with The Globe & Mail, The Hockey News, and the Toronto Star before joining TSN.

SPECTOR’S NOTE: McKenzie was the gold standard for hockey insiders. He was well-liked and highly regarded around the league, and was also the go-to source for information on top NHL prospects. I had only brief interactions with McKenzie, but he was always kind and helpful. Here’s to a long, happy and healthy retirement, Bobfather.

DETROIT HOCKEY NOW: Former Red Wings star Alex Delvecchio passed away on Tuesday at age 93.

A skillful, disciplined and durable playmaker, Delvecchio spent his entire 24-year NHL career with the Red Wings from 1950-51 to 1973-74, winning three Stanley Cups and the Lady Byng Memorial Trophy three times. He’s among their franchise leaders with 1,550 games played, 456 goals, 825 assists and 1,281 points. Delvecchio also had 104 points in 121 playoff games. He was inducted into the Hockey Hall of Fame in 1977.

SPECTOR’S NOTE: My condolences to Delvecchio’s family, friends, former teammates, and the Red Wings organization.