Grading the Trade Between the Pittsburgh Penguins and the Colorado Avalanche Involving Kulak and Girard

The notification pinged at 3:14 AM. It wasn’t a security breach or a firmware update. It was a trade. A weird, desperate swap of assets between two franchises that are currently operating on completely different timelines.

The Pittsburgh Penguins and the Colorado Avalanche finally stopped flirting and actually swapped paperwork. Brett Kulak is headed to the Steel City, and Samuel Girard is packing his bags for the Rockies. It’s the kind of deal that looks like a lateral move until you look at the balance sheets. Then, it looks like a panic attack.

Let’s start with Pittsburgh. The Penguins are the legacy hardware of the NHL. They’re a 2016 MacBook Pro that still has all the ports you love but the battery is bulging and the fan sounds like a jet engine taking off. They refuse to recycle the chassis. They just keep trying to swap out the RAM.

Getting Brett Kulak is a classic "safe mode" play. Kulak is a $2.75 million-a-year insurance policy. He’s the beige PC of defensemen. He won’t win you a Norris Trophy, and he won’t end up on a highlight reel for anything other than a solid, boring poke check. In Pittsburgh’s eyes, this is a win because they’re getting a reliable component for a lower price point. They’re shedding Girard’s baggage for a guy who knows how to stay in his lane.

But let’s be real. Pittsburgh is grading this on a curve because they’re terrified of the "R" word. Rebuild. They think Kulak stabilizes a blue line that has been leaking oil for two seasons. He’s a stabilizer. A clean install. But you don’t win titles with clean installs alone. You need high-end processing power, and they just traded away one of the few guys who could actually carry the puck through the neutral zone without looking like he was skating through wet cement.

Grade for Pittsburgh: C+. It’s fine. It’s a middle-manager decision.

Then there’s Colorado. The Avalanche are the venture-backed powerhouse that’s starting to realize the burn rate is too high. They’ve been playing with house money since 2022, but the bill is coming due. Trading for Samuel Girard is a high-beta move. Girard is a $5 million-a-year gamble that runs until 2027. That’s a long time to be tethered to a defenseman who weighs about as much as a high-end gaming tower.

Girard is the over-engineered UI of the hockey world. When he’s on, he’s fluid, intuitive, and brilliant. When he’s off, he’s a glitchy mess that gets physically bullied by anyone over six feet tall. Colorado is betting that their system—a fast-paced, puck-possession algorithm—can mask Girard’s defensive bugs. They’re looking for someone who can move the puck to MacKinnon and Makar without blinking.

The friction here is the cap hit. Colorado is already tight. Adding Girard’s $5 million AAV means they’re officially out of "disposable income." They’ve committed to this core. It’s a "buy the dip" move on a player who has struggled with consistency and injuries. If Girard returns to his peak form, Colorado looks like geniuses who just upgraded their GPU. If he gets knocked around in the first round of the playoffs again? They’ve just locked themselves into a very expensive, very fragile contract.

Grade for Colorado: B-. It has more upside, but the potential for a total system crash is much higher.

This isn’t a "win-win" trade. That’s a PR myth fed to season ticket holders to keep them from demanding refunds. This is a trade of necessity. It’s two GMs looking at their spreadsheets and realizing they can’t afford to stay still. Pittsburgh wanted to get cheaper and grittier. Colorado wanted more skill and didn’t care about the price tag.

The reality is that both teams are just shuffling deck chairs on different ships. One ship is trying to reach the harbor before it sinks (Pittsburgh), and the other is trying to maintain top speed while the engine is smoking (Colorado).

Kulak is the boring SSD upgrade that keeps the laptop running for another six months. Girard is the flashy new software update that might just brick the whole motherboard. Both teams got exactly what they thought they needed, which is usually the first sign that they’ve both made a mistake.

The real question isn’t who won the trade today. It’s whether either of these teams will even remember why they did this when they’re inevitably bounced in the second round. At least the cap math works for now. Barely.

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