The St. Louis Blues spent the summer making moves that should shape the top of their forward group, but not every addition comes with the same level of certainty.
Two of the biggest decisions were bringing in Connor McMichael and locking up Dylan Holloway, and both fit the Blues’ plan to build out a competitive top six. The question is which contract carries more risk.
McMichael arrives after a solid season with the Washington Capitals, where he worked as a second-line center and put up 14 goals and 32 assists for 46 points in 78 games. St. Louis brought him in to add center depth, though he could wind up as the odd man out with another recently acquired Blue, Mason McTavish, in the mix.
The concern with McMichael isn’t production alone. It’s the fact that he’s stepping into a brand-new system while carrying a $6.75 million AAV.
That’s part of a bigger NHL trend, with more RFA-eligible players landing bigger deals as the salary cap climbs. The number looks hefty now, though it may not seem quite so large down the road, especially when Jimmy Snuggerud comes off his entry-level contract at the end of 2026-27 and could push toward the Blues’ first $10 million AAV player.
Holloway, meanwhile, has already shown what he can do in St. Louis.
Since arriving from Edmonton, he’s been fast, physical and creative with the puck, driving north-south offense and helping form one of the league’s best first lines alongside Robert Thomas and Snuggerud. He closed the 2025-26 season with 22 goals and 29 assists for 51 points.
His new deal pays him $7.75 million AAV over the next five seasons. Holloway clearly earned that contract, but the real question is whether he can stay healthy enough to keep making that kind of impact. He’s a major piece of the Blues’ young core, yet he has missed 28 games over the last two seasons.
So which one is the bigger gamble? McMichael gets the edge there, mainly because he’s joining a new team and system while also carrying the fifth-highest AAV among the Blues’ forwards. The contract makes sense, and arbitration might not have broken the Blues’ way anyway, but the deal is done.
Holloway still looks like the safer bet to be a long-term difference-maker. If he keeps driving that top line, St. Louis may have landed him at a bargain, even at just under $8 million per year.
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