NHL Rumor Mill – May 19, 2025
NHL Rumor Mill – May 19, 2025
Check out the latest on the Leafs and the Senators in today’s NHL Rumor Mill.
WHAT’S NEXT FOR THE LEAFS?
DAILY FACEOFF: Matt Larkin believes the Toronto Maple Leafs cannot return with the same core next season following another disappointing playoff meltdown.
Larkin doesn’t think Auston Matthews and William Nylander are going anywhere because they’ve just commenced their long-term extension. However, forwards Mitch Marner and John Tavares are eligible to become unrestricted free agents on July 1 and face uncertain futures.
TORONTO SUN: Lance Hornby expects changes among the “Core Four” forwards. He doubts the Leafs will break the bank to keep Marner in Toronto. Meanwhile, Tavares will be 35 when next season starts, and his idea of a hometown discount could differ from management’s.

Toronto Maple Leafs winger Mitch Marner (NHL Images).
Hornby pointed out that winger Matthew Knies is coming off his entry-level contract, becoming a restricted free agent unless he signs an extension before July 1. The 22-year-old power forward could also receive a lucrative offer sheet from a rival club.
THE ATHLETIC: James Mirtle doesn’t see the Leafs retaining team president Brendan Shanahan. After 11 years at the helm, his contract is up at the end of this season.
Mirtle doesn’t expect Marner will be back, pointing out his unwillingness to negotiate a contract during this season and the club’s attempt to move him at the trade deadline. They could retain Tavares at a deep discount, but that might not make sense given he had only three even-strength points in this postseason.
Chris Johnston believes the clock is ticking on Marner’s days with the Leafs. He could become the highest-profile player in this summer’s UFA market. Shouldering a disproportionate share of the blame for the Leafs’ playoff failures could make free agency more alluring to him.
Jonas Siegel sees this as the end of the “Shanaplan” and the “Core Four” era in Toronto.
SPECTOR’S NOTE: We’ve expected changes from Toronto since they blew a 3-1 series lead and lost to the underdog Montreal Canadiens in 2021. This time, however, it feels like significant change is finally coming. They have to. The patience of Leafs Nation is finally tapped out.
Shanahan, Marner and Tavares are on expiring contracts. It’s time for a change in oversight, and it’s time for a shakeup among their core players.
Letting Marner and Tavares walk enables the Leafs to put the dollars they would’ve invested in those two into players who might better suit their needs.
They have a projected cap space of $26.8 million with 16 active roster players (including Matthews, Nylander, and Morgan Rielly) under contract for next season.
That’s enough to make a significant addition or two via trade or free agency and have enough to re-sign Knies to a long-term deal.
THE LATEST ON THE SENATORS
SPORTSNET: Alex Adams was asked about possible offseason targets for the Ottawa Senators.
He thinks pending UFA winger Nikolaj Ehlers of the Winnipeg Jets would be a perfect fit alongside Tim Stutzle. Adding a right-shot defenseman like Florida’s Aaron Ekblad or Rasmus Andersson of the Calgary Flames would be nice, but Adams wondered if they could make a move for a Nick Jensen-type player like Michael Kesselring of the Utah Mammoth.
SPECTOR’S NOTE: The Senators have $17.5 million available with 14 active roster players under contract, with UFA-eligible forward Claude Giroux and pending RFAs Fabian Zetterlund and Tyler Kleven to re-sign. They’ll also need a backup for Linus Ullmark if Anton Forsberg departs via free agency.
Assuming those players are affordable re-signings, the Senators won’t have much wiggle room to pursue guys like Ehlers and Ekblad. Andersson has a year left on his contract but could sign an extension with the Flames this summer. If he becomes available, the Flames will set a high asking price. Kesselring is also under contract for another year. Utah has no reason to move him.
THE ATHLETIC: Julian McKenzie was asked if the Senators might go the offer-sheet route this summer.
McKenzie is keeping his expectations low, pointing out the Senators are keeping their 2025 first-round pick, meaning they’ll forfeit their 2026 pick because of the Evgenii Dadonov trade debacle three years ago. He also pointed out they don’t have their 2026 second-rounder.
SPECTOR’S NOTE: The Senators only have the necessary offer-sheet compensations for deals worth an average annual value of between $1.544 million and $2.34 million. That will cost a 2026 third-rounder. Anything under $1.544 million has no compensation penalty.