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Penguins Enter Rebuild Limbo as Dubas Signals Team Is Open for Business

Player leverage over moves is slowing Pittsburgh's teardown.

Image
9/7/25
Apr 13, 2025; Pittsburgh, Pennsylvania, USA; Pittsburgh Penguins defenseman Erik Karlsson (65) moves the puck against Boston Bruins left wing Cole Koepke (45) during the third period at PPG Paints Arena. Mandatory Credit: Charles LeClaire-Imagn Images

Overview

  • As training camp nears, GM Kyle Dubas is inviting offers and positioning veterans for possible trades to add future assets.
  • No major exits appear imminent because Sidney Crosby and Kris Letang prefer to stay and Evgeni Malkin holds full no‑move protection.
  • Dubas plans to revisit Malkin’s intentions around the Olympic break as the 39‑year‑old begins the final season of his contract.
  • Erik Karlsson remains a trade candidate, but his sizable cap hit and remaining term are dampening interest and Pittsburgh is reluctant to retain salary.
  • The Fourth Period identified Bryan Rust, Rickard Rakell, Noel Acciari, Ryan Graves and Tristan Jarry as available, with Jarry viewed as attractive given league goaltending scarcity.