NHL Rumor Mill – May 15, 2025
NHL Rumor Mill – May 15, 2025
Has the Golden Knights’ Stanley Cup window closed? Is the end of the Maple Leafs’ “Core Four” era approaching? What’s the latest on former Isles GM Lou Lamoriello? Find out in today’s NHL Rumor Mill.
WHAT’S NEXT FOR THE GOLDEN KNIGHTS?
THE ATHLETIC: Jesse Granger looked at whether the Vegas Golden Knights’ Stanley Cup window is closing after their second-round elimination by the Edmonton Oilers.
Many of the Golden Knights’ core players (including Mark Stone, Alex Pietrangelo, and William Karlsson) are over 30. Their “younger players” include Jack Eichel and Noah Hanifin (both 28 years old), and Shea Theodore and Adin Hill (both 29). Hanfin, Theodore and Hill had their difficulties during this postseason.
With a projected cap space of $10.5 million next season, the Golden Knights have the space to re-sign most (if not all) of their pending free agents. They include Reilly Smith, Victor Olofsson, Tanner Pearson, Brandon Saad, and Ilya Samsonov. However, they could also use it to upgrade on the wing, where notables like Mitch Marner, Nikolaj Ehlers and Brock Boeser could be available in the free-agent market.

Vegas Golden Knights center Jack Eichel (NHL Images).
Granger pointed out that Eichel has a year remaining on his contract. He’ll be eligible to sign what could be a massive contract extension on July 1.
SPECTOR’S NOTE: Granger also reminds us that the Golden Knights have a well-earned reputation for aggressive moves. They can also be ruthless, parting company with aging stars in favor of young options.
Stone and Pietrangelo each have full no-movement clauses, while Hanifin has a full no-trade clause. The only way to move them is if they request it or management somehow talks them into it.
Theodore has a five-team no-trade list this season, but his new contract that begins on July 1 carries full no-trade protection. Hill has a 10-team no-trade list on his current and upcoming contracts. Center Tomas Hertl has a full no-trade for this season, but it reverts to a modified no-trade list on July 1.
It seems unlikely Theodore, Hill or Hertl would be moved so soon after signing contract extensions with the Golden Knights. Nevertheless, we can’t dismiss the possibility of one of them getting peddled before July 1 to create more cap space for other moves.
The Golden Knights don’t have much draft or prospect capital to draw on for trade bait. They dealt away their 2025 and 2026 first-rounders, but they could part with their 2027 first-round pick if it fetches immediate help for their roster. They’ve previouly used their top prospects as trade chips (the Montreal Canadiens thank them for Nick Suzuki) and could do the same with promising Trevor Connelly.
END OF THE MAPLE LEAFS’ “CORE FOUR” ERA APPROACHING?
THE ATHLETIC: Chris Johnston wonders if we’re seeing the last of the Toronto Maple Leafs’ “Core Four” era following their 6-1 loss to the Florida Panthers, putting them on the brink of elimination from the second round of the 2025 playoffs.
Johnston noted that Mitch Marner is only seven weeks away from unrestricted free-agent eligibility on July 1. He doubts the 28-year-old winger will sign an extension with the Leafs before then, not after refusing to negotiate during the season or the club’s request to waive his no-movement clause at the trade deadline.
According to Johnston, there’s a growing sense that Marner will seek a fresh start elsewhere after enduring endless criticism for the Leafs’ shortcomings.
Former captain John Tavares is also UFA-eligible. He wants to stay, but Johnston doubts the 34-year-old center will get the chance.
SPECTOR’S NOTE: Unless the Leafs stage a big comeback against the Panthers, this is the end of the “Core Four Era”. It’ll also be the end of the “Shanaplan”, as team president Brendan Shanahan’s contract expires at the end of this season.
Even if the Leafs overcome the Panthers and get into the Conference Final, this is likely to be the last season for Marner and Tavares in Toronto. There have been too many disappointing postseasons and too many expectations dashed. They’ve been running it back with the same core, yet the results remain the same.
The Leafs in this era have only two postseason series victories. It doesn’t matter that they’ve been a good regular-season team that has qualified for the playoffs in every season since 2016-17. What matters is a lack of real postseason progress for a franchise whose Stanley Cup drought is approaching 60 years.
LOU LAMORIELLO SIGHTED IN BUFFALO
TSN: Darren Dreger took note of a recent sighting of former New York Islanders GM Lou Lamoriello being spotted at the Buffalo airport. He thinks the Sabres would be interested in adding Lamoriello to their braintrust, “but nothing’s imminent”, jokingly suggesting he was there to renew his Nexus.
SPECTOR’S NOTE: That sighting raised speculation that the Sabres were about to hire Lamoriello, but his presence at the airport is reportedly unrelated to the team.