Around the NHL: PTO Season Becomes Waiver Season

[Jim Bob]

 

[Ace]

Road to breaking the playoff drought just got harder.

 

[Zman5778]

 

[Zman5778]

Penguins Acquire Erik Karlsson from San Jose Sharks in Three-Team Trade | Pittsburgh Penguins

Pittsburgh Also Acquires Forwards Rem Pitlick and Dillon Hamaliuk, and a 2026 Third-Round Draft Pick

www.nhl.com

San Jose retains $1.5M of Karlsson's salary. Pens retain 25% of Petry's salary, about $1.55M.

 

[Beerz]

That's a pretty pedestrian return for EK

 

[Zman5778]

That's a pretty pedestrian return for EK

SJ only retained $1.5, so they weren't going to get much for a $10M Karlsson.

 

[HaNotsri]

Sucks that the others improve so muchå

 

[BFLO]

Damn. That’s a really good trade for Pittsburgh. Dumped a lot of their dead weight and picked up Karlsson and come out $3mil in cap space ahead of where they were for basically a 1st, 2nd and a 3rd pairing defenseman in Rutta.

I don’t think we can count them out of the playoffs anymore.

 

[Chainshot]

Feels like the winner in the EK trade is Montreal.

 

[Deevo]

EK for some bad contracts and a few picks. Must be nice

 

[Chainshot]

Damn. That’s a really good trade for Pittsburgh. Dumped a lot of their dead weight and picked up Karlsson and come out $3mil in cap space ahead of where they were for basically a 1st, 2nd and a 3rd pairing defenseman in Rutta.

I don’t think we can count them out of the playoffs anymore.

That's going to jumpstart the Pens offense, for sure. And I wonder if one of the stagnant UFA's winds up with a 1-year deal in Pittsburgh to soak up that cap availability.

 

[Fjordy]

Good for Pens

 

[Zman5778]

Feels like the winner in the EK trade is Montreal.

They get a 2nd from PIT and then can spin off Petry with retention. All depends on what they get in return for him......but it's entirely possible that Montreal does in fact get more futures out of the deal than SJ did.

Though I suppose Rutta would have some value on the trade market if SJ retained on him.

 

[Chainshot]

They get a 2nd from PIT and then can spin off Petry with retention. All depends on what they get in return for him......but it's entirely possible that Montreal does in fact get more futures out of the deal than SJ did.

Though I suppose Rutta would have some value on the trade market if SJ retained on him.

They also got DeSmith. Feels like Grier ate a lot of bad contracts to get something EK but didn't get a lot in terms of futures. Hell, if someone had listed out the Sharks return on the Karlsson and Burns deals... that's a paddlin'.

 

[Sabresfansince1980]

Does the Karlsson trade have any effect on what Carolina does with Pesce, or do they keep him and go 13/8?

 

[Zman5778]

Does the Karlsson trade have any effect on what Carolina does with Pesce, or do they keep him and go 13/8?

At this point, I imagine they hold onto Pesce. If they don't want to go 13/8, they'll just waive/demote Coughlan.

 

[BUCKSHOT]

 

[joshjull]

 

[WeDislikeEich]

Interesting trade.

Penguins gain Karlsson and lose Petry (he was their #2 defenseman by minutes played/game last season), Rutta (#6 D by minutes played/game), Granlund (41pts last year but only 5 in his 21 games for Pit. He won’t be missed), DeSmith (pretty good backup G) and a 1st.
Retaining $1.5M on Petry for 2yrs wipes out the $1.5M San Jose is retaining on Karlsson for the next 2 years but the Penguins still come out with $3.1M more cap space for this season.
I think Pittsburgh is better from this trade, especially if Karlsson plays like he did last season.

San Jose gains a 1st, 2 mediocre veteran forwards and a mediocre veteran defenseman. It adds depth this season and San Jose might be able to get a couple/few mid/late picks if they’re able to flip them over the next 2 deadlines. They actually took on an extra 2.4M in cap for this season, but will gain that cap space back over the next 2 years and then $10M in cap space the following 2 years. This trade makes them worse, but opens up cap space next year and beyond and gives them an extra 1st in the next draft plus whatever mid/late picks they might get from the other players included. Not a great return but the flat cap has made it very hard to move big contracts.

Montreal made out pretty well. They get a 2nd, Petry at 25% retained, DeSmith (a good backup G who had a down year in ‘22 but still put up a sv% as good as any Sabres goalie (.905) and has a .912 career sv%) and a depth prospect while giving up Hoffman and Pitlick. They gave up $5.6M in cap hits and gained $6.4M back between Petry and DeSmith.
I actually think both Petry and DeSmith are probably more useful pieces than the players San Jose got back. Though I expect Montreal to look at trading Petry.

 

[Chainshot]

Rutta's been a good depth defensemen in the past. I would think he's a type of deadline sought acquisition by a contender looking for blueline depth.

 

[kirby11]

Feel like SJ would’ve been better off retaining more salary to improve the trade vs acquiring a bunch of meh pieces

 

[NotABadPeriod]

This leaves the Pens with just 2 goalies (Jarry and Nedeljkovic), but now the Canadiens have 4 (Allen, DeSmith, Montembeault, Primeau). I'm guessing they don't think Primeau is ready yet, and they'll probably waive Montembeault, but there are going to be a bunch of goalies passing through waivers. Sabres could be able to sneak one of UPL/Comrie through and not run with a 3 headed monster this year...but my suspicion is they'll keep all three.

 

[Chainshot]

Feel like SJ would’ve been better off retaining more salary to improve the trade vs acquiring a bunch of meh pieces

Ownership was not willing to retain a lot was a big snag from what the reporting has been.

 

[dotcommunism]

This leaves the Pens with just 2 goalies (Jarry and Nedeljkovic), but now the Canadiens have 4 (Allen, DeSmith, Montembeault, Primeau). I'm guessing they don't think Primeau is ready yet, and they'll probably waive Montembeault, but there are going to be a bunch of goalies passing through waivers. Sabres could be able to sneak one of UPL/Comrie through and not run with a 3 headed monster this year...but my suspicion is they'll keep all three.

Regardless of how many goalies go on waivers, I think Comrie would have a really good chance of passing through unclaimed just based on his performance last year and his contract.

 

[DapperCam]

Good deal for the Pens. Going for one last push with the geriatric crew.