Overview

• Philadelphia sent Ryan Ellis and a conditional 2026 sixth-round pick to San Jose for Carl Grundström and Artem Guryev on Sunday.
• The Flyers now project roughly $7 million in cap space and can accrue it during the season rather than relying on LTIR accounting.
• Grundström was placed on waivers shortly after the deal to create the option for an AHL assignment with Lehigh Valley.
• Ellis, who has not played since November 2021 due to a severe psoas injury, is expected to go on the Sharks’ LTIR with two years remaining at a $6.25 million cap hit.
• San Jose receives the earlier of Philadelphia’s two 2026 sixth-rounders (their own or Columbus’), and the two-for-one swap helps the Sharks manage their 50-contract limit.