6 players of intrigue entering trade season
When does it become trade season in the NHL?
Early January, apparently.
We got a bombshell last week, with the Flyers trading top prospect Cutter Gauthier to the Ducks for NHL defenseman Jamie Drysdale and a second-round pick. This Thursday marks 50 days until the March 8 trade deadline.
Let's take a look at six intriguing players who may be changing teams. Each section below includes a summary of the latest media reports; the player's on-ice value; and three potential landing spots.
Jake Guentzel, winger
Key report: Sportsnet's Elliotte Friedman reported over the weekend that "no determination has been made" on Guentzel's future in Pittsburgh. Guentzel, who'll turn 30 before next season, is a pending unrestricted free agent. The Penguins are trying to win a fourth Stanley Cup with Sidney Crosby and Evgeni Malkin. However, they already have four 30-somethings (Erik Karlsson, Kris Letang, Bryan Rust, Rickard Rakell) locked up through at least 2026-27.
On-ice value: If there was some form of standardized testing for hockey smarts, Guentzel would ace it, probably finishing in the top 10 in the entire NHL. The unassuming 5-foot-11, 180-pound winger's hockey IQ is that high.
Guentzel always finds his way to the most dangerous areas of the ice. As of Monday, he was first in the league in expected goals per game (0.70), third in inner-slot shots per game (1.54), seventh in scoring chances generated off the cycle per game (1.83), and tied for 10th in rebound chances per game (0.34), according to Sportlogiq. It's all led to 19 goals and 27 assists in 42 games.
Guentzel, a two-time 40-goal scorer, is on pace for 37 tallies, and his 36 even-strength points rank fifth in the NHL. Bonus: he's responsible defensively.
What's tricky about Guentzel is that he's played the vast majority of his 9,500 career minutes alongside Crosby, an all-time great. Teasing out what Guentzel can bring to the table on another line for a different team is the chief challenge for front offices thinking about trading for him. Two other challenges: He has a 12-team no-trade list, according to CapFriendly, and he won't be cheap in terms of salary cap hit ($6 million) and acquisition cost (hefty trade package).
Three good fits: Guentzel should reel in something to the effect of one NHL player, one first-round pick, and one decent prospect. The package would grow, of course, if the trade included an extension. The Hurricanes and Oilers both need another finisher on the wing. The Canucks have been linked to Guentzel in part because president Jim Rutherford, general manager Patrik Allvin, and coach Rick Tocchet all know him well from their Pittsburgh tenures.
Elias Lindholm, center
Key report: The Athletic's Pierre LeBrun wrote in late December that it was his understanding there have been no recent conversations between Lindholm and the Flames. The insider also noted Lindholm hasn't been told he's definitely on the move. Still, Calgary appears headed for a retool/rebuild, and acquiring assets for the 29-year-old pending UFA would accelerate things.
On-ice value: Lindholm, in his sixth season in Calgary and 11th overall, is a top-of-the-lineup center whose stock has fluctuated over the past few years.
He peaked in 2021-22. Flanked by Johnny Gaudreau and Matthew Tkachuk, Lindholm recorded his first and only point-per-game season. He scored 42 times (his previous high was 29) and finished second in Selke Trophy voting. That trio, dismantled during the 2022 offseason, was dominant wire to wire.
Lindholm has come back down to earth of late. His underlying numbers have declined, and this season, he's pitched in eight goals and 21 assists in 44 games while playing mostly with Yegor Sharangovich, Andrew Mangiapane, and Jonathan Huberdeau. He remains a trusty impact player. The 2013 fifth overall pick leads all Flames forwards in average ice time (20:45) and blocked shots (37) and is enjoying a career year in the faceoff circle (56% win rate).
Lindholm isn't an elite first-line center. On a legitimate Cup contender, he's a strong second-line guy attached to a manageable cap hit ($4.85 million).
Three good fits: If the Flames decide to move Lindholm, they should be able to fetch a first-rounder and either a prospect or a young NHLer. The Bruins have looked better than expected down the middle after losing Patrice Bergeron and David Krejci, yet Lindholm would be a welcomed upgrade, and Boston has its 2025 first-rounder to trade. Meanwhile, the Avalanche and Jets - two other presumed buyers in need of a top-six center - have first-round picks in both 2024 and 2025. Colorado, with underqualified Ross Colton currently occupying the 2C spot on the depth chart, is the tidiest fit on paper.
Noah Hanifin, defenseman
Key report: Hanifin told Sportsnet last week that, as paraphrased by writer Eric Francis, "it's still quiet on the contract front." For context: The blue-liner was close to signing a long-term extension months ago, then talks broke off. Calgary exited the offseason with five notable pending UFAs on its roster - Lindholm, Mikael Backlund, Hanifin, Chris Tanev, and Nikita Zadorov. Backlund re-signed in late September. Zadorov was traded in early December.
On-ice value: With Hanifin on the ice for five-on-five action, the 2023-24 Flames have accounted for 57% of the goals scored (41 for, 31 against). With him off the ice at five-on-five, they've accounted for 44% of the goals (50-64).
Hanifin's regular partner - Tanev, the shot-blocking machine - has certainly influenced those lopsided on/off percentages. However, there's no denying that 21-18-5 Calgary has been a far better team when Hanifin's out there skating, moving the puck, killing plays, and operating with poise and veteran savvy.
Listed at 6-foot-3, 215 pounds and set to celebrate his 27th birthday next week, Hanifin already has 642 games of experience to his name. He's slowly but surely polished his skills to a point where he can now be used in virtually any game situation. He would be a good second-pair guy for the right team.
Hanifin's making $4.95 million and owns an eight-team no-trade list, per CapFriendly. His extension, in Calgary or elsewhere, seems to be trending toward a lengthy term and a cap hit between $7 million and $8 million.
Three good fits: A straightforward Hanifin trade - no salary retention or extension - should net the Flames something along the lines of a first-rounder, a second-rounder, and a low-end NHLer. The Stars and Maple Leafs come to mind. Dallas' blue line thins out after Miro Heiskanen and Thomas Harley, though money would be tight. Toronto could slot Hanifin behind Morgan Rielly, although, again, there are money issues. The Coyotes, meanwhile, were linked to Hanifin in November. Arizona has oodles of cap space and, amazingly, no NHL defensemen signed for next season. Would Hanifin agree to a sign-and-trade?
Trevor Zegras, center
Key report: Daily Faceoff's Frank Seravalli reported last week that Ducks GM Pat Verbeek "has mentioned Zegras' name in conversation with teams this season, though it remains unclear how far (if at all) those talks advanced." That nugget came on the heels of drawn-out contract negotiations in the fall. It's safe to say Verbeek, who didn't draft Zegras or (now-former teammate) Drysdale, may not see Zegras as one of Anaheim's long-term core pieces.
On-ice value: For the next six weeks or so, Zegras' value is, well, nothing. Hurt for more than half of the season thanks to multiple injuries, he's currently nursing a broken ankle. He's accumulated four goals and seven points in 20 games.
That said, the recovery timeline provided by the Ducks gives Zegras a decent chance at returning before the deadline, which means there's a short window for him to be dealt midseason. The creative center is different from the other five players discussed in this story because he'll still be a restricted free agent after the expiry of his current deal ($5.75 million per year through 2025-26).
What's interesting about Zegras is that the hype surrounding him and his game hasn't matched his on-ice contributions. He's supremely skilled, has graced the cover of a video game, and is undoubtedly one of the sport's top personalities. But, through 200 games, he's shown himself to be an offense-only perimeter player who puts up around 65 points every 82 games.
So, it may seem like he's on a superstar trajectory, but he's not. He's yet to give us a reason to buy that narrative yet. He's only 22, though, so there's time to grow. And, if he doesn't level up significantly over the next handful of years, 65 points is still valuable second-line production.
Three good fits: It feels like if Zegras moves, the trade details will look similar to the recent Philadelphia-Anaheim swap: a young NHLer and a second-rounder traded for a blue-chip prospect. The Canadiens have made a habit of acquiring high-pedigree forwards in their 20s who could use a change of scenery (Sean Monahan, Kirby Dach, Alex Newhook). The Predators have the right playing style and a long-term role for Zegras. The Blackhawks have about a dozen roster holes to fill and about a dozen desirable picks and prospects to flip.
Elvis Merzlikins and John Gibson, goalies
Key reports: Merzlikins, 29, confirmed this week that he's requested a trade out of Columbus. Gibson, 30, was the subject of trade-request reports in back-to-back offseasons (he/his agent denied both reports), and the idea of him leaving Anaheim has been rumored for years. Both play for non-playoff teams and would be near the top of the list for clubs looking for goalie help.
On-ice values: There are many similarities between Merzlikins and Gibson.
Both goalies fell on hard times over the past few years after posting stellar numbers to start their careers. Both have played in terrible defensive environments and failed to hold up their end of the bargain since signing huge deals; for Merzlikins, $5.4 million a season for five years, expiring in 2026-27, and for Gibson, $6.4 million a season for eight years, expiring in 2026-27. Both have younger goalies nipping at their heels. Both have rebounded this season (Merzlikins more so). Both own 10-team no-trade lists.
Starting goalies rarely change hands. But there may be GMs out there who convince themselves that one of these netminders simply needs a fresh start.
Three good fits: A trade involving Merzlikins or Gibson would almost certainly involve salary retention. A goalie might go the other way. It would be complicated. So, let's forget about what a package might look like and focus on the teams. The Devils, Hurricanes, and Oilers are all in win-now mode and need better starting goalies. The most intriguing aspect of a trade of this kind isn't the upside; it's the downside. Goaltending is such an unpredictable position, and what New Jersey, Carolina, and Edmonton have now might ultimately be a better bet than spending assets to take a chance on one of these veteran netminders - despite how tempting it might be to mix things up.
John Matisz is theScore's senior NHL writer. Follow John on Twitter (@MatiszJohn) or contact him via email ([email protected]).