Qualifying Offer Day has arrived, and that alone is enough to keep the phone lines buzzing around the league.
The Leafs are kicking off Development Camp today, which should at least give everyone a roster to look at, even if the on-ice sessions themselves don’t start until Thursday. But the bigger clock is the one ticking toward 5 p.m., when qualifying offers are due.
That deadline can shake loose unsigned RFAs, especially in cases where a team has no interest in extending a QO. Those players can wind up moving, like Emil Andrae did to the Leafs.
Toronto still hasn’t said what it plans to do, and the key detail isn’t just the offer amount anyway - arbitration rights matter just as much. If an RFA goes unqualified, that player becomes a UFA on July 1.
There have already been some contract moves around the league. Jack Drury is signing a five-year, $22.5 million extension with Nashville, Sportsnet can confirm.
That deal matters because it keeps nudging the market for middle-six centers upward. In fact, the price of a 3C is starting to look like this, which is exactly why Carolina is trying to trade Jesperi Kotkaniemi rather than buy him out.
Frank Seravalli said Carolina is actively looking to move Kotkaniemi now, and the logic is simple: with the cap rising, $4.8 million for a 3C is going to be the new norm, and teams see him as tradeable because there are so few centers out there. The Hurricanes will wait until that kind of market appears, but a buyout is not the plan.
Kotkaniemi remains one of the league’s stranger cases. He can play at a high level and bring a bit of defensive value, but the offense just hasn’t come with it. The shot isn’t there, the goals aren’t there, and the assists aren’t there either.
The Sharks also have a deal in the works, with Michael Kesselring signing a three-year contract extension, Sportsnet can confirm.
Elsewhere, the Leafs chatter has drifted into territory that doesn’t really hold up. Zach Werenski is a terrific player, but the idea that Toronto can make something happen there is not realistic. Talking yourself into things the Leafs can’t actually do just feeds a fan base that is always hunting for the next disappointment.
John Chayka, meanwhile, is in a very different spot. He’s getting credit for getting Gavin McKenna, and he deserves credit for a smart draft, even if the full judgment on that will take years.
He also made the obvious move by firing Craig Berube, though he only did that because he was allowed to. The Raddysh move makes sense.
Jim Hiller fits the team’s ideology. Beyond that, there’s a lot of noise.
The Werenski speculation also runs into a basic problem: it doesn’t sound like a real trade framework. The Blue Jackets aren’t going to hand over a player like that just because someone piles up a bunch of names and picks.
The kinds of packages being tossed around are heavy on wishful thinking and light on realism. The other side of those mock deals is usually where they fall apart, because the Columbus end of the conversation never gets written believably.
Fox floated a giant bundle of picks, Matt Knies, and everything else, but even that only underscores the point. The Blue Jackets have their own issues, and the Leafs do not have much in bulk besides cap space. That is not the kind of setup that makes this deal work.
There’s also a separate wrinkle on player movement. Michael Russo reported that Dan Milstein does not have permission from the Wild, and the league has already warned teams they cannot give blanket permission for UFAs to do this.
Players can be traded rights and then talk to that specific team, but not before. Russo pointed out that the league likely thought it had dealt with this after Chicago tried to give Ilya Mikheyev - also a Dan Milstein client - permission to find a new deal.
That rule may get bent in practice, but it still isn’t going to change the formal process. Whether or not the Wild have told Vladimir Tarasenko they don’t want him, they can’t say so now.
And if teams or agents are pushing against the rule, it probably won’t get them anywhere. No discussions are allowed until noon on Wednesday.
If anyone wants to get in early, the route is to trade for the player’s rights first, like Carolina did with John Carlson.
And that’s where things stand for now.
In Other News...
Maple Leafs Just Made A Maccelli Decision Fans Will Debate All Day
The Maple Leafs made one of their more notable roster calls of the summer by moving on from Matias Maccelli instead of keeping the winger on a qualifying offer. Toronto had a chance to maintain control, but the decision leaves Maccelli free to explore the market as the team continues sorting out its forward mix under Craig Berube.
At the same time, the Leafs did keep other pieces in the organization, issuing qualifying offers to Nick Robertson, Emil Andrae and Jacob Quillan while also locking in defenseman Troy Stecher on a two-year extension. Robertson remains under team control, and Stechers deal adds some stability on the blue line, but the Maccelli move is the one that will draw the most second-guessing from fans as the offseason unfolds. [Read more 🡒]
Maple Leafs Crease Gamble Could Spark An Even Bigger Move
Goaltending has a way of changing the rest of a roster, and the Maple Leafs could be staring at exactly that kind of ripple effect this summer. With a veteran netminder expected to hit free agency on July 1 after not re-signing with the Panthers, Toronto is said to be among the teams keeping tabs, a sign the club may be looking to upgrade a position that can reshape everything from the nightly lineup to the way the front office uses its assets.
The bigger question is what happens next if Toronto does make that kind of move. A new starter would not just stabilize the crease, it could also alter the value of Dennis Hildeby, whose name would suddenly look far more movable in the right deal, and that is where the trade chatter starts to get interesting for a team still trying to balance immediate help with long-term flexibility. [Read more 🡒]
Maple Leafs Draft Just Exposed A Front Office Obsession
John Chaykas fingerprints are all over this draft class, and not just in the names Toronto added. The Maple Leafs have made chemistry an obvious priority under his watch, from the coaching hire of Jim Hiller to the front-office addition of Mats Sundin, and that approach has carried right into the way the roster is being built from the ground up. The through line is familiar faces, shared experience and a comfort level that starts long before anyone steps onto NHL ice.
The draft only sharpened that picture. Toronto kept leaning into players who already know how to play together, especially a cluster with Team Canada World Juniors ties, while also making room for a different kind of piece in Yaroslav Fedoseyev. The message is hard to miss: this is not just about stacking skill, it is about building a team that already has some connective tissue, even if the front office is still leaving one more move or two to be sorted out. [Read more 🡒]