The NHL rumor mill is churning with significant potential contract extensions and possible player movement as teams prepare for the 2025-26 season. Key discussions revolve around Connor McDavid and Kirill Kaprizov, two of the league's brightest stars, as well as potential changes for Matthew Tkachuk and other trade candidates.
McDavid's Extension Talks in Edmonton
The Edmonton Oilers are keen to secure Connor McDavid's future with the team, and initial talks have reportedly been positive. McDavid, who will turn 29 in January, is entering the final year of his eight-year, $100 million contract, which carries a $12.5 million average annual value (AAV). A new deal is expected to set a new benchmark for player salaries across the league.
Oilers General Manager Stan Bowman is taking a patient approach, respecting McDavid's timeline for personal reflection before diving into detailed negotiations. McDavid has emphasized his commitment to winning a Stanley Cup in Edmonton, but also acknowledged the importance of personal considerations in his decision. Despite consecutive Stanley Cup Final appearances, the Oilers fell short, losing to the Florida Panthers in both 2024 and 2025.
Some speculate that McDavid might consider a shorter-term deal, possibly around four years with an AAV between $16 million and $17.5 million. Others suggest he could land with the Toronto Maple Leafs if he decides to leave Edmonton. However, the Oilers have significant cap space available next offseason, potentially offering McDavid a record-breaking extension exceeding $16 million annually.
Kaprizov's Looming Extension in Minnesota
The Minnesota Wild are also working to extend Kirill Kaprizov's contract. Recent reports suggest the Wild are prepared to offer an eight-year, $120 million deal. This would surpass Leon Draisaitl's contract as the league's highest AAV, though it would fall short of Alex Ovechkin's record for the largest total contract.
Kaprizov is entering the final year of his current contract, and General Manager Bill Guerin is keen to finalize an extension. Talks have reportedly been put on hold until Kaprizov returns to Minnesota. Some worry that Kaprizov might want to move on from the franchise, but he has stated he is happy in Minnesota. The Wild can offer an eight-year term, which other teams cannot match if he were to become a free agent.
There are questions about whether the Wild might consider the contract too expensive, especially if Kaprizov seeks "McDavid money". Despite an injury-riddled season, Kaprizov's impact on the team is undeniable. Since joining the Wild in 2020-21, he has been involved in a significant percentage of the team's goals.
Tkachuk and the Panthers' Cap Situation
The Florida Panthers face a cap crunch, and Matthew Tkachuk's situation is under scrutiny. The team is reportedly over the salary cap by $3.725 million. Analyst Dan Rosen suggested that the Panthers might trade Evan Rodrigues to free up cap space or place Tkachuk on Long-Term Injury Reserve (LTIR). Tkachuk played through a serious injury last season, and LTIR would provide temporary cap relief, though it wouldn't be a long-term solution.
The Calgary Flames finalized their compensation from the Matthew Tkachuk trade, receiving the 32nd pick in the 2025 NHL Draft. The Flames now have two first-round picks in the upcoming draft as they continue their rebuild.
Other NHL Rumors
Several other rumors are circulating around the league:
These are just some of the many rumors swirling around the NHL as teams prepare for the 2025-26 season. As training camps approach, expect more news and potential player movement.
