Overview

• The Penguins are entertaining trade proposals for defenseman Erik Karlsson, forwards Bryan Rust and Rickard Rakell, and goaltender Tristan Jarry in exchange for first-round draft picks or top prospects.
• Erik Karlsson’s $11.5 million cap hit—of which Pittsburgh carries $10 million—and his full no-movement clause remain major hurdles for potential suitors.
• Both Rust and Rakell, carrying annual average values above $5 million through 2028, are expected to fetch at least a first-round pick or equivalent prospect if moved.
• Pittsburgh’s acquisition of Arturs Silovs this summer has intensified speculation around Tristan Jarry’s availability, with the Edmonton Oilers among the clubs linked to the veteran netminder.
• General manager Kyle Dubas is holding out for premium assets to clear cap space and strengthen the club’s draft positioning as top prospect Gavin McKenna awaits his NHL debut.