NHL trade deadline 2025 live updates: Brad Marchand to Panthers, Mikko Rantanen to Stars and analysis of every deal
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The NHL trade deadline has officially passed. Here are the biggest deals that were completed today:
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Scott Laughton is the “ultimate glue guy.” Beloved in the locker room, his character was part of what led him to Toronto.
Meet the newest Maple Leaf.
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Maple Leafs trade for Scott Laughton: Can ‘the ultimate glue guy’ help Toronto?
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The Leafs suddenly have a top four that makes sense — Tanev next to McCabe, Rielly next to Carlo — and a No. 2 pairing in Rielly-Carlo that can check off some secondary defensive matchups. A team that’s struggled to defend just added a really strong (and long) defender who should provide a meaningful boost on the penalty kill. Carlo will step into PK minutes there that went to Conor Timmins, who seemed out of place in that role all year. Add the fact that Carlo is signed for two more seasons after this one at $3.48 million and the Leafs have nailed things on the back end for the foreseeable future.
See my grade here.
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Maple Leafs trade deadline report card: Grading GM Brad Treliving’s deals
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About a half hour before the NHL trade deadline hit Friday afternoon, Montreal Canadiens rookie defenceman Lane Hutson was sitting by himself on the bench at the Scotiabank Saddledome, all geared up, ready to go practice. There was no one on the ice, he could have jumped on, but he was sitting there, waiting.
Canadiens captain Nick Suzuki arrived a few minutes later, shared a few words with Hutson and stepped on the ice. Hutson followed him out there. And the two of them shot a few pucks together before the rest of their Canadiens teammates came and joined them.
The practice was scheduled for 1 p.m. Mountain Time, right at the trade deadline. It was not a coincidence.
And Hutson not wanting to go on the ice by himself was symbolic of that timing, and why it was timed that way.
Read more.
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Canadiens’ trade deadline inactivity marked a new phase of their rebuild centred on culture
Among Islanders fans’ emotions late on Thursday night was a feeling of relief: After three-plus seasons of muddling along, taking an equal number of steps forward as backward, the Islanders embraced change. Lou Lamoriello, who’d prioritized keeping his high-character core together too long after the successful seasons from 2018-2021, finally accepted reality and sold high on one of his best players.
The return was terrific. A top-notch prospect in center Calum Ritchie, who might just be ready for a shot at a roster spot in September, plus the Avalanche’s 2026 first-round pick. The last time the Islanders had two firsts in a draft was 2018, Lamoriello’s first summer on the job, which brought Oliver Wahlstrom at 11 and Noah Dobson at 12. One out of two ain’t bad, anyway.
Once the Nelson deal was completed late Thursday, the anticipation of Friday loomed. Would Lamoriello find a suitor for Kyle Palmieri? What about J-G Pageau, who had plenty of interest in a center-thin market? Even captain Anders Lee might have drawn a few calls. A seller’s market would have yielded a number of futures for the Islanders. Old friend Anthony Beauvillier got the Penguins a second-rounder from Washington — that tells you there were deals to be made.
Except … nothing happened Friday.
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Islanders’ Lou Lamoriello did the right thing at the deadline — but did he do enough?
In four days, Bruins GM Don Sweeney traded 33 percent of his 18-skater lineup from Game 1 against the Florida Panthers. It is not a coincidence that none of the six were among the Bruins’ fastest skaters. Sweeney emphasized size heading into 2024-25. His club is now paying the price.
“They’re going to teams we are jealous of,” Sweeney said. “We’ve been in the same situation with those teams as they’re loading up. Had we done our jobs — if I’d done my job appropriately, starting there — we would be adding like we have in 10 previous years.”
Brandon Carlo is signed through 2027. Charlie Coyle is under contract through 2026. It’s possible the Bruins could have kept the two and moved Brad Marchand, Trent Frederic and Justin Brazeau, all of whom could be rentals.
But Sweeney believed this was the time to cut deep. The power play needs fixing. Younger legs like those of Casey Mittelstadt, Jakub Lauko and Marat Khusnutdinov should lead to more on-time arrivals.
“We weren’t just going to roll it back,” Sweeney said. “That’s probably the message. We needed to turn the page in some regard.”
Read more.
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Bruins begin new era with roster-smashing deadline day: ‘Needed to turn the page’
The trade deadline came and went Friday, and other than a late Thursday night trade that saw two fourth-liners sent to the Boston Bruins for a big bottom-six winger with a big shot, Minnesota Wild general manager Bill Guerin and his staff had to sit on the periphery and watch division rivals like the Dallas Stars and Colorado Avalanche swing for the fences and announce to 30 other teams they’re each trying to win a Stanley Cup this year.
Of course, if the Avs pass the injury-riddled Wild during this final month, the Stars and Avs may face each other right off the hop and one will not even get out of the first round.
Still, Friday had to be an uncomfortable day for Guerin. It’s not in his nature to sit on the sidelines.
“Yeah, you want to be involved, but you know what? We’re just at a different stage than those teams,” Guerin said, referring to the final couple months of the Wild’s cap hell. “We’ll have our day, but it was the same thing this summer when you’re watching other teams load up. For some reason we still have to play the games. If we’re going by that, we might as well just pack our s— and go home. But I think we’ll show up and play the games and see how it checks out.”
Read more here.
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Wild GM Bill Guerin on not pulling LTIR lever while rivals bulked up at deadline: ‘Our time will come’
It’s not as if Columbus Blue Jackets general manager Don Waddell kept his NHL trade deadline plans a mystery. Not only had he told rival GMs that he wasn’t going to trade away significant assets from his surprisingly competitive club, but he’d been telling local and national media the same for weeks.
Still, there were two text exchanges with Blue Jackets players early on Friday that reassured him he was on the right track.
“They were very supportive,” Waddell said. “They know the situation. One in particular, and I’ll leave this player nameless, said, ‘We’ve gotten the team this far. We can get it the rest of the way.’
“That was good to hear from one of our top players. These guys, this is a tight group. I’ve been around a lot of hockey teams, around good groups of people. This group is special, as I’ve said all along here.
“The coaches have done a great job, but the leadership in that room has gotten us to where we are today, and it’s going to finish the job for us as we move forward.”
Read more here.
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Blue Jackets add Luke Kunin but leave roster intact at deadline: ‘This group is special’
Since he took over nearly two years ago as the Philadelphia Flyers’ general manager, Daniel Briere has methodically subtracted players that he believed didn’t fit in with what the team was building or the culture they were trying to instill. Kevin Hayes, Ivan Provorov, Tony DeAngelo, Morgan Frost, Joel Farabee — all were sent packing for various reasons.
But this one was different. This one really stung.
Dating to before last season’s NHL trade deadline, Briere said many times that he wasn’t actively shopping Scott Laughton, the Flyers’ emotional leader and cultural pillar. The 30-year-old forward, who spent his entire career in Philadelphia and was beloved by everyone in the organization and anyone who ever came into his orbit, always had more value to the Flyers than he did to other clubs. Consequently, the price was high — higher, in fact, than for what a player like Laughton actually provides on the ice, which, as a versatile, hard-nosed veteran, is not insignificant.
It’s what separates the Laughton deal from all of the others that Briere has executed to this point.
But Briere’s task is not to construct a dressing room full of guys who all want to go to dinner on the road together. More talent is needed, both in the short and the long term, if the goal of icing a perennial playoff team is going to ever be achieved.
Read more.
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Flyers understand risk in trading Laughton — ‘It’s a little scary’ — but it had to be done
In the Senators’ first trade of deadline day, they acquired a younger, slightly cheaper right-shot centre in Dylan Cozens who has doubled Josh Norris’ production at five-on-five, an area the Senators have struggled at throughout the season. Norris has a 35-goal season and many close friendships in the Sens’ dressing room, but he also has had a trio of shoulder surgeries. Ottawa just has to hope it can still tap into Cozens’ potential.
Jacob Bernard-Docker was an extra on the Senators’ defence depth chart, falling further down after Nikolas Matinpalo emerged as a viable No. 6 alongside either Tyler Kleven or Travis Hamonic. In his place comes Dennis Gilbert, a rugged, physical defenceman who isn’t afraid to back down from other fighters around the league. Gilbert even scrapped with Brady Tkachuk in January. He’s an ideal player to have as a No. 7 defenceman.
The Senators getting a second-round pick for next season makes the deal look even sweeter.
Read more and see my grade here.
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Ottawa Senators trade deadline report card: Grading Steve Staios’ moves
A sincere question for you, dear reader: In the long, illustrious history of the NHL trade deadline, can you think of a deal better calibrated to shock and annoy a larger chunk of hockey fans than the Bruins trading Brad Marchand to the Panthers? Because I’m not sure I can. In fact, I’m pretty sure I can’t.
Every element — the player, the team that acquired him, the teams that didn’t, the timing of it all — seems like it was chosen for maximum outrage. Marchand, the captain of the Bruins and his generation’s finest pain in the ass, is joining the Stanley Cup champions. Who are also a divisional rival. And who also completed the deal late enough for it to only leak out after the deadline had passed.
Even with some distance, it’s tough to wrap your head around the whole thing.
See my grades here.
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NHL trade grades: Panthers swoop in to nab Brad Marchand from Bruins
Brad Treliving can finally sleep restfully on Friday night, feeling content about the work he did before the NHL’s trade deadline.
“I’ve been up for a long time,” a red-faced Maple Leafs general manager said Friday afternoon.
It might have gone down to the wire, but with two notable trades, Treliving believes he completed his objectives.
Treliving bolstered the team’s middle six by adding two-way centre Scott Laughton from the Philadelphia Flyers. He bulked up the right side of the top four on the blue line by adding shutdown defender Brandon Carlo from the Boston Bruins. Treliving said he expects both players to be in the Leafs lineup for their next game against the Colorado Avalanche on Saturday.
“I just wanted to make sure that we had that type of profile and try to spread those (defence) minutes a bit more,” Treliving said of Carlo, adding that Laughton gives the team newfound depth at centre.
“We’re certainly happy with the additions of Scott and Brandon,” Treliving said.
Read more.
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Leafs GM Brad Treliving on two big trades — and the cost of doing business
Two months ago, team president Cam Neely acknowledged the need for a retool. The Bruins cut much deeper.
Neely and general manager Don Sweeney shattered the 2024-25 roster by trading their captain (Marchand) and two of their alternates (Coyle and Carlo). By doing so, the Bruins closed the book on their 2011 Stanley Cup days (Marchand was the last championship winner remaining) to initiate a rapid makeover emphasizing speed and youth.
Mittelstadt is younger, faster and more skilled than Coyle. He does not have Coyle’s physicality, matchup presence, penalty-killing skill or faceoff touch. Minten, one of Toronto’s top prospects, could become a regular matchup forward in the NHL and assume some of Coyle’s responsibilities. All of this was necessary because of the Bruins’ plunge in the standings and their absence of NHL-ready youngsters.
What darkens the youth infusion, however, is the return on Marchand. The Bruins set a high price for the left wing. In retrospect, it was too high because of Marchand’s age, current injury status and partial no-trade protection. A conditional second-round pick is a disappointment.
Now the Bruins will have to hit on their inbound draft capital.
See my grade here.
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Bruins trade deadline report card: Grading Don Sweeney’s moves
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As they hurtle toward a 14th straight spring without a playoff appearance, the Sabres had to do something. And they did something. But they did something that doesn’t really change anything.
At best, swapping Dylan Cozens (and depth defenseman Dennis Gilbert) for Josh Norris (and depth defenseman Jacob Bernard-Docker) is a wash. At worst, it’s selling low on a player with a very high ceiling. That the Sabres sent a second-rounder to Ottawa for the privilege is baffling.
Instead of getting aggressive and truly remaking a talented but continually underperforming roster by dealing away the likes of Jason Zucker or even Alex Tuch, the Sabres are stuck running in place. And that place is last.
They are in the same position after the trade deadline as they were before the trade deadline — lost.
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Mikko Rantanen was a member of the Carolina Hurricanes for about six weeks. He spent his first week on the road. He spent the next two weeks with Team Finland in Montreal and Boston. He had all of six home games in Raleigh. It’s entirely reasonable that he wasn’t ready to commit the next eight years of his life to a franchise and a city he barely knows. And he was pushing for a nine-figure deal, complicating matters further.
Then he went and signed an eight-year deal with Dallas, a team for which he’s never played, a city in which he’s never lived. And for $96 million, less than Carolina reportedly offered. As if there were any doubt that teams in tax-free states had an inherent advantage over the rest of the league.
Rantanen had total control of his situation, so he must be happy with the deal or it wouldn’t have happened. While it would have been fun to see what someone like Rantanen could have gotten on the open market — players like him so rarely get to that point — he’s joining one of the best and best-run teams in the league, and he’s earning generational wealth to do so. How could you look at that as anything but a win?
The Pittsburgh Penguins have re-signed defenseman Ryan Shea to a one-year contract extension, the team announced Friday night.
The contract kicks in next season and has a $900,000 salary cap hit.
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There’s no spinning this as a positive for the Hurricanes. GM Eric Tulsky did well enough to salvage something tangible out of it — and if you go all the way back to the initial deal with Colorado, it might even be a net gain — but it’s a bad beat all the same. The Hurricanes gave up a premium talent with another year on a team-friendly contract in Martin Necas to acquire Rantanen, got 13 measly games out of him (won only seven of them), and then flipped him to Dallas for Logan Stankoven and two late first-round picks. Stankoven is an exciting young player, but will he even be at Necas’ level, let alone Rantanen’s? The fact is, this might have been Carolina’s best chance to break through in a wide-open Eastern Conference. Instead, they’re further from contention than they’ve been in years.
The Hurricanes broke from team tradition last year by getting Jake Guentzel as a rental, only to watch him leave for Tampa (another team in a tax-free state!). That apparently spooked Carolina enough that Rantanen’s ambivalence about Raleigh as a long-term home prompted this rather drastic course of action. It’s a shame. Rantanen’s production was subpar (six points in 13 games), but he was generating a massive amount of scoring chances. The goals were going to come, and Rantanen is a monster in the playoffs. Carolina could have gone for it, consequences be damned. Instead, the Hurricanes hedged and were left trying to make the best of a bad situation.
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Imagine going up against a line with both Brad Marchand and Matthew Tkachuk on it. Good luck with that. Panthers GM Bill Zito made the most of the cap space Tkachuk’s groin injury opened up, snagging Marchand at the very last minute and adding Seth Jones earlier in the week.
Marchand might not be the 100-point player he was six years ago, but he’s still an excellent all-around player and one of the game’s all-time great pests. You can count on The Rat being showered with rats after a big win in South Florida at some point this spring. Both Marchand and Tkachuk are hurt right now, but both are expected back for the postseason, which is all that matters in Florida. And while Jones was overpaid as the Blackhawks’ No. 1 defenseman, he can be an outstanding No. 3 in Florida (and potential No. 2 going forward as Aaron Ekblad hits unrestricted free agency this summer), and at a more manageable $7 million cap hit with Chicago retaining $2.5 million for the next five seasons.
Our NHL reporters have been hard at work assessing the trade deadlines of each team. Check out the links below to see the teams they’ve assigned grades to so far.
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The best way to manage losing a rat king until (at least) the playoffs? Bring in another.
Brad Marchand is more than his antics. His scoring rate has slowly decreased over the last couple of years, but he is still a capable top-six winger. The Bruins’ expected goal generation has been better with Marchand on the ice, and his puck-moving ability is still a strength, with his transition game and playmaking. Marchand is out with an injury now, but upon his return, he should be able to turn that into more consistent production in the Panthers’ top-nine after spending most of the season with a struggling Elias Lindholm in Boston.
This move moves the needle for the Panthers, and Marchand’s contributions should come in clutch if Matthew Tkachuk isn’t at 100 percent when (or if) he returns in the postseason. Marchand can still shoulder matchup minutes, which gives the Panthers options — whether he slots alongside a Selke-caliber center in Aleksandar Barkov, or former rival Sam Bennett. He could even be a boost for the third line with Anton Lundell when needed.
A conditional second-round pick is an underwhelming return, considering what other depth wingers went for — and even if it does upgrade to a first-rounder, it would likely be a late first in a somewhat weaker draft year. His injury status may have contributed to that. And while technically, Marchand only had an eight-team no-trade list to navigate, the return could have been limited if the Bruins had let their captain pick his destination.
The decision to move Marchand could not have been easy — he was the Bruins’ captain and franchise cornerstone and made it clear he was willing to stay through a retool. While management is operating with the long-term in mind and seems committed to the retooling process, maybe it would have been worthwhile to just extend Marchand. The Bruins moved out a lot of pieces and should be able to quickly turn this team around without the second-rounder gained in this deal.
NHL trade deadline – Latest news
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Deadline loser: Buffalo Sabres
Deadline winner: Mikko Rantanen
Penguins sign Shea to extension
Deadline loser: Carolina Hurricanes
Deadline winner: Florida Panthers
Trade deadline report cards
Panthers get needle-mover in Marchand
Mrazek, Craig Smith traded to Red Wings by Blackhawks for Veleno
Goalie has 1 more season remaining on contract, forward had 16 points for Chicago this season
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Petr Mrazek and Craig Smith were traded to the Detroit Red Wings by the Chicago Blackhawks on Friday for Joe Veleno.
Mrazek is in the first year of a two-year contract he signed with the Blackhawks on Jan. 24, 2024, and can become an unrestricted free agent after next season. The 33-year-old goalie is 10-19-2 with a 3.46 goals-against average and an .890 save percentage in 33 games this season. He started 56 games for Chicago last season and 39 in 2022-23.
The trade comes six days after the Blackhawks acquired goalie Spencer Knight in a trade with the Florida Panthers on March 1.
“You don’t want to jump into something quickly for something that might not make sense, so we’ll see what happens now or in the summer,” Mrazek said after practice Thursday. “It’s a business. This is what it is, that’s what happens in hockey, and I move on. I’m still going to be here, coming in with a great attitude. What happens in the summer or next few days, we’ll see.”
Selected by the Detroit Red Wings in the fifth round (No. 141) of the 2010 NHL Draft, Mrazek is 178-174-40 with a 2.85 GAA and .906 save percentage in 423 regular-season games (392 starts) for the Blackhawks, Toronto Maple Leafs, Carolina Hurricanes, Philadelphia Flyers and Red Wings and 12-15 with a 2.43 GAA, .911 save percentage and five shutouts in 29 Stanley Cup Playoff games (28 starts).
Smith, a forward, has 16 points (nine goals, seven assists) in 40 games this season. A fourth-round pick (No. 98) by the Nashville Predators at the 2009 NHL Draft, the 35-year-old has 450 points (220 goals, 230 assists) in 968 regular-season games with the Predators, Boston Bruins, Washington Capitals, Dallas Stars and Blackhawks and 23 points (nine goals, 14 assists) in 83 playoff games.
Veleno has 10 points (five goals, five assists) in 56 games this season. The 25-year-old center was a first-round pick (No. 30) by Detroit at the 2018 NHL Draft and has 74 points (35 goals, 39 assists) in 288 games.
“He’s got some pace, got some size to his game,” Blackhawks general manager Kyle Davidson said of Veleno. “I think he can play the center position, so there’s some versatility to him. He’s still only 25 and we’ll give him some run, give him some opportunity and see what he can do.
“He’s been on the scene for quite some time. He came in very highly-touted, he’s a talented guy and we’ll give him some opportunity and see if we can pull some additional value out of him, and sometimes a little opportunity and a change of scenery does that for some guys.”
The Red Wings (30-26-6) trail the Ottawa Senators by one point for the second wild card in the Eastern Conference.
The Blackhawks (19-35-8) are 31st in the NHL standings.
NHL.com staff writer Tracey Myers contributed to this report
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Blackhawks face tough decision on Ryan Donato as trade deadline nears
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The Blackhawks have a big decision to make about Ryan Donato by Friday.
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If the Blackhawks trade Ryan Donato, they’ll get quite a bit for him.
That has become clear because of Donato’s continued strong play, an imbalance of many buyers and few sellers and several precedent-setting trades that have taken place.
But it’s just as likely the Hawks keep Donato past the trade deadline at 2 p.m. Friday and try to re-sign him now that their focus has shifted more toward the present and away from accumulating an endless supply of draft picks.
Opinions within and around the organization are split on which path to take with Donato, a pending free agent.
Hawks general manager Kyle Davidson hasn’t tipped his hand, but he must be excited about the “seller’s market” that has solidified. The Kraken received an enormous haul from the Lightning in a blockbuster trade Wednesday, for example, getting two first-round picks and a second-rounder for middle-six forwards Oliver Bjorkstrand and Yanni Gourde.
More applicable to the Donato situation is a trade Tuesday in which the Bruins sent scrappy depth forward Trent Frederic to the Oilers for second- and fourth-round picks. That’s a sizable return for Frederic, who, despite his intangibles, has notched only 15 points.
Donato, by comparison, has 46 points, including 22 in his last 17 games. His 17 goals in five-on-five play entering Wednesday tied him for 11th in the league, ahead of Connor McDavid, Nathan MacKinnon, Alex Ovechkin and many other stars. He scored his 23rd goal in the first period against the Senators.
At this point, a second-round pick seems like the minimum value for Donato, whose $2 million salary-cap hit won’t deter anyone. Even a first-round pick, perhaps with conditions attached or with a late-round pick accompanying Donato, is conceivable.
That lofty value is the strongest argument for trading Donato, who has been an under-the-radar journeyman most of his career and seemed unlikely to bring back more than a third-round pick only a month or two ago. This is a sell-high opportunity for the Hawks.
On Wednesday, however, Donato — who long ago tired of answering trade-deadline-related questions — talked about the Hawks’ future beyond this season as if he sees himself being a part of it.
The opportunity to build a winning culture in Chicago continues to appeal to him, in contrast to other players (i.e., Seth Jones) who have grown weary of the constant losing. He has found a niche with his fifth NHL franchise and seems genuinely invested in helping it succeed.
Plus, Donato’s every-night work ethic fosters that winning culture. If every Hawk hustled as much as Donato, the team probably wouldn’t be in 31st place. Put together, those factors form an equally strong argument for keeping him.
If that happens, the Hawks almost certainly will have to trade another forward or two because they need to clear NHL roster spots for a few forward prospects expected to leave college and turn pro late this season: Ryan Greene, Dominic James (if he starts his pro contract immediately) and Oliver Moore (if he does turn pro this year).
Injured veteran forwards Nick Foligno (back), Philipp Kurashev (hand) and Jason Dickinson (ankle) skated Wednesday morning in non-contact jerseys, adding to the imminent roster logjam. Interim coach Anders Sorensen said Foligno could return Friday against Utah.
Craig Smith, Pat Maroon and Lukas Reichel are other possible trade-bait forwards.
Smith and Maroon fall in the same bucket. As fourth-liners on expiring contracts nearing the end of their careers, they would fetch a late-round pick at best.
Trading Reichel would be much more complicated and controversial. But as the 2020 first-round pick’s development plateaus, Davidson might think he needs a change of scenery.
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