NHL Morning Coffee Headlines – June 27, 2025

The NHL and NHLPA are expected to announce a new CBA extension, the first round of the 2025 draft begins Friday, the latest on pending free agents Mitch Marner and Nikolaj Ehlers, the Stars re-sign Jamie Benn, and more in today’s NHL Morning Coffee Headlines.

DAILY FACEOFF: Frank Seravalli reports sources indicate the NHL and NHL Players’ Association could announce the framework of a four-year extension to the collective bargaining agreement (CBA) before the NHL Draft on Friday.

The two sides are expected to sign a memorandum of understanding (MOU), followed by a formal ratification that isn’t expected to face any obstacles. Once ratified, the extension would take effect for 2026-27 and expire at the end of the 2029-30 season.

Among the notable potential changes:

The NHL will move to an 84-game regular-season schedule starting in 2026-27. The preseason would be shortened to four games per team. Players with 100-plus games of NHL experience can play a maximum of two preseason games.

SPECTOR’S NOTE: NHL veteran players should be happy with that change. Most find the preseason too long or a waste of time.

Player contracts will be term-limited from eight years to seven for players re-signing with their current clubs, and from seven years to six for unrestricted free agents starting in 2026-27.

SPECTOR’S NOTE: Many players won’t have an issue with this change. The average length of an NHL contract is three years. The longest contract most can expect to see is four years.

A comprehensive playoff salary-cap mechanism will be implemented to remove the long-term injury reserve loophole that allowed teams to pad their playoff rosters by using injury relief cap space.

SPECTOR’S NOTE: This was the biggest problem in the current CBA that drew criticism from teams, players, and fans around the league. It’ll be interesting to see the details of this mechanism.

Other notable changes include outlawing deferred salary in player contracts to reduce the salary cap hit, signing bonuses capped at 60 percent, significant increases in the playoff bonus pool, establishment of a full-time emergency backup goalie for each team, improved player benefits such as health insurance and post-playing career insurance stipends, and the elimination of a mandated player dress code for arriving and departing games.

The next three seasons of the salary cap will be $95.5 million for 2025-26, $104 million for 2026-27, and $113 million for 2027-28.

NHL.COM: The New York Islanders are looking forward to the first round of the 2025 NHL Draft in Los Angeles on Friday. They hold the first-overall pick and are expected to select defensemen Matthew Schaefer of the OHL’s Erie Otters. The 17-year-old Schaefer is considered the top prospect in this year’s draft class.

SPECTOR’S NOTE: I conducted an updated mock draft of the first round for Bleacher Report earlier this week. It’ll be fun to see how things shake out because there are always surprises. Some players go higher or lower than expected, and there might even be a trade or two involving first-round picks.

TORONTO SUN: Maple Leafs general manager Brad Treliving anticipates Mitch Marner will test the unrestricted free-agent market on July 1. The 28-year-old left winger spent nine seasons with the Leafs and will be the top player among this year’s UFA class.

WINNIPEG SUN: Jets GM Kevin Cheveldayoff intends to continue contract talks with Nikolaj Ehlers. However, recent reports indicated the 29-year-old winger intends to head to the UFA market on July 1.

SPECTOR’S NOTE: No surprises here. There’s been no contract discussions between Marner and the Leafs, and there’s been an expectation that this season could be Ehlers’ last with the Jets. Both will land lucrative contracts with new clubs next month.

TSN: The Dallas Stars re-signed captain Jamie Benn to a one-year, bonus-heavy contract. The deal has a base salary of $1 million, with $3 million in bonuses.

SPECTOR’S NOTE: Benn completed an eight-year contract with an AAV of $9.5 million. The 35-year-old center has spent his entire career with the Stars and took a significant pay cut to stay in Dallas. The reduction also reflects the recent decline in his play. He had 16 goals and 49 points during the 2024-25 regular season, but only three points in 18 playoff games.

THE MERCURY NEWS: The San Jose Sharks placed defenseman Marc-Edouard Vlasic on unconditional waivers to buy out the final season of his eight-year contract. Vlasic, 38, spent his entire 19-season NHL career with the Sharks.

SPECTOR’S NOTE: The buyout counts as $4.66 million against the Sharks’ cap for 2025-26, dropping to 1.16 million for 2026-27.

During his playing prime (2008-09 to 2017-18), Vlasic was among the league’s best shutdown defensemen. However, his performance steadily declined, and injuries limited him to 27 games this season.

THE PROVINCE: The Vancouver Canucks are reportedly set to sign winger Conor Garland to a six-year, $36-million contract. The average annual value is $6 million, and would begin in 2026-27.

SPECTOR’S NOTE: Garland currently earns an AAV of $4.95 million. He’s a fast and hardworking forward whose energetic style has made him a fan favorite among Canucks fans. Garland will be 30 when this deal begins, which could become burdensome if his play declines.

FLORIDA HOCKEY NOW/THE COLUMBUS DISPATCH: The Panthers acquired goaltender Daniil Tarasov from the Columbus Blue Jackets in exchange for a 2025 fifth-round pick. Tarasov will back up starting goalie Sergei Bobrovsky next season.

SPECTOR’S NOTE: This could be another instance of Florida GM Bill Zito acquiring a struggling player who goes on to shine with the Panthers. Zito was assistant GM with the Blue Jackets when they drafted Tarasov in 2017.

This move opens the opportunity for promising goalie Jet Greaves to earn a full-time roster spot with the Blue Jackets. He played well in call-up situations over the past couple of seasons.

Meanwhile, the Jackets’ intentions for struggling starter Elvis Merzlikins remain uncertain. He has two seasons remaining on his contract. There’s speculation he could be traded or bought out. It’s also believed that they might not be done making other moves in this summer’s trade market.

THE SEATTLE TIMES: The Kraken acquired center Frederick Gaudreau from the Minnesota Wild in exchange for a 2025 fourth-round pick.

THE HOCKEY NEWS: Former NHL center Evgeny Kuznetsov will attempt a comeback next season. The 33-year-old had 37 points in 39 games in the KHL with SKA St. Petersburg.