Sunday NHL Rumor Roundup – July 27, 2025
Sunday NHL Rumor Roundup – July 27, 2025
The Penguins are the team to watch in this summer’s trade market. Find out why and whether there’s a market for goaltender Tristan Jarry in the Sunday NHL Rumor Roundup.
DAILY FACEOFF: Tyler Yaremchuk and Matt Larkin recently discussed why the Pittsburgh Penguins have the chance to make some trades before the regular season begins in October.
Larkin believes they have trade chips that a lot of teams could use. He noted the offseason narrative suggests they’re the one team committed to rebuilding and tanking the season to win the draft lottery, with top prospect Gavin McKenna being the prize in the 2026 draft.

Pittsburgh Penguins winger Rickard Rakell (NHL Images)
Two of those trade chips are forwards Bryan Rust and Rickard Rakell. Some clubs need a top-six forward (Toronto, Winnipeg, Buffalo) if they can make the money work.
Erik Karlsson is the intriguing name for Larkin. He thinks he could become a bargain if the Penguins retain half of his cap hit. The Detroit Red Wings could benefit from his veteran savvy and puck-moving skills on the right side of their blueline.
SPECTOR’S NOTE: Rust, Rakell and Karlsson are the most mentioned players in this summer’s trade rumors. One of them could be moved before the regular season begins.
It’s believed that Penguins general manager Kyle Dubas is willing to listen to trade offers, but he’s not in a hurry to move those players. They remain under contract beyond next season, so there’s no immediate fear of losing them for nothing to free agency.
Karlsson is the bigger name, but his contract is a sticking point. The Penguins carry $10 million of his $11.5 million average annual value through 2026-27. After receiving his signing bonus earlier this month, he’s owed $11.5 million in actual salary over the next two seasons.
Some teams are carrying over $10 million in cap space for this season. One of them could take on the Penguins’ share of his cap hit, but the contract is still difficult to move.
Karlsson’s no-movement clause remains in effect, giving him full control over where the Penguins could trade him. His age (35) and declining performance are additional stumbling blocks.
Rust ($5.125 million AAV through 2027-28) and Rakell ($5 million AAV through 2027-28) are a little younger and more affordable. Still, the Penguins could be pressured to retain part of their salary to facilitate a deal.
SPORTSNET: Michael Amato wondered if the Penguins’ recent addition of goaltender Arturs Silovs might lead to them trading Tristan Jarry. The 31-year-old starting goaltender has struggled in recent years and spent part of last season in the minors.
Amato noted the Edmonton Oilers have been linked to Jarry in the rumor mill. Given the netminder’s performance, the Oilers would be taking a chance on him. However, they wouldn’t have to give up much to get him, and the Penguins might retain part of his $5.375 million AAV.
PITTSBURGH HOCKEY NOW: Dan Kingerski also noted the conjecture tying Jarry to the Oilers. He suggests the Penguins could get a second and a fourth-round pick for him, or perhaps a third rounder.
SPECTOR’S NOTE: The lack of quality goalie depth in the trade and free-agent markets would make the acquisition of Jarry feel like a desperation move by the Oilers. Management indicated they would look at improving their goaltending, but didn’t rule out retaining their current tandem of Stuart Skinner and Calvin Pickard.
Cap space is an issue for the Oilers. They have just over $225,000 remaining, meaning they must move salary out to acquire Jarry even if the Penguins retained half of his AAV.
The Oilers could stick with Skinner and Pickard to start the season and see how things unfold in the trade market.

