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A trade-deadline primer for the Pittsburgh Penguins

Originally posted on Pro Hockey Rumors
By Brennan McClain | Last updated 2/27/23

The trade deadline looms and is now less than two weeks away. Where does each team stand, and what moves should they be looking to make? We continue our look around the league with the Pittsburgh Penguins.

Being one of the game’s most recent dynasties, and housing one of the greatest players in NHL history, expectations are always high for the Pittsburgh Penguins. Not reaching the Conference Finals since their Stanley Cup victory in 2017, the Penguins are looking to squeeze out the last few seasons of their generational talents such as captain Sidney Crosby, Evgeni Malkin, and Kris Letang. Dealing with the ramifications of contending for so long, the Penguins no longer have the pipeline of young players they can bring into the lineup. Surviving mostly on the supplementation of college signings, the Penguins have only drafted in the first round three times in the last decade.

With a tight cap situation, and a lack of young assets to dangle, GM Ron Hextall will have quite a lot of work to do in the coming days in Pittsburgh. Serving at the helm since 2021, many of Hextall’s trades have come with mixed reviews. Acquiring players such as Jeff Carter, Jeff Petry, and Rickard Rakell, many of these trades were well received at the onset. However, through injuries or simply underperformance, these players have not been the game-changers that the Penguins may have expected them to be. As things currently sit, the Penguins sit in fifth place in the Metropolitan Division, barely hanging on to the last wild card spot in the East. As their playoff hopes are hanging by a thread, and several holes to fill in the lineup, the Penguins will have some hard decisions to make over the next few days.

Record

29-21-9, 5th in Metropolitan

Deadline Status

Conservative Seller

Deadline Cap Space

$1.9M in full-season cap space today, $2.1M at the deadline, 0/3 retention slots used, 44/50 contracts used, per CapFriendly.

Upcoming Draft Picks

2023: PIT 1st, PIT 2nd, NJ 3rd, PIT 5th, PIT 6th, PIT 7th, FLA 7th, TOR 7th

2024: PIT 1st, PIT 2nd, PIT 3rd, PIT 4th, PIT 5th, PIT 6th, PIT 7th

Trade Chips

Taking a page out of their rival, the Washington Capitals, the Penguins should look to deal expiring contracts and any player that is not performing to their cap hit. Although trading underperforming veterans such as Carter and Brock McGinn could prove to be difficult even at their relatively modest cap hits, these are the players that the Penguins must look to move from their roster. Former Penguin Kasperi Kapanen was in a similar situation to these two. In the first year of a 2-year, $6.4M contract, Kapanen wasn’t able to put it together in Pittsburgh once again this season. After being put on waivers, the St. Louis Blues claimed the forward, absorbing the rest of the contract. Although they didn’t receive anything in return, removing a player that isn’t producing in line with his contract is exactly what this team needs at the moment.

Because their cap hits are relatively modest compared to other underperforming stars, Jeff Carter and Brock McGinn shouldn’t need a world-changing offer to move. A former top-line center for the Philadelphia Flyers and Los Angeles Kings, Carter was acquired from the Kings during the trade deadline of 2021. Already having Crosby and Malkin in the mix, Carter was acquired at the time to provide depth in the Penguins’ bottom six. However, only scoring 21 points this season paired with a dismal -11 +/-, Carter just isn’t living up to the 2-year, $6.25M contract he signed prior to this year. Being a two-time Stanley Cup champion with the Kings, there could be a team willing to acquire Carter as well as his salary to mentor some of their young centers of the future.

Additionally, since it doesn’t appear that they are going to run to the Cup Final, the Penguins should be looking to move any player not named Tristan Jarry set to hit unrestricted free agency. After several down years, Jason Zucker has had a revitalization of sorts. Scoring 16 goals and 18 assists in 55 games, he has shown this season that he can still be a top-six forward in the NHL. Interestingly enough, after not throwing over 100 hits in any season prior to this one, Zucker has already racked up more than 150. Being able to score goals and throw the body are invaluable to many teams for the playoffs, and the Penguins should net a decent return for the forward if they sell.

Other Potential Trade Chips: F Teddy Blueger, F Danton Heinen, F Josh Archibald, D Brian Dumoulin

Team Needs

1) Top-2 Defenseman: Already a franchise legend, Kris Letang has still been tasked with leading the Penguins from the back end. After acquiring defenseman Jeff Petry from the Montreal Canadiens over the summer, the Penguins were hoping to take some of the stress off of Letang’s shoulders. Unfortunately, even after the addition of Petry, and the signing of Jan Rutta, the Penguins’ defense has continued to look lackluster. The goaltending tandem of Casey DeSmith and Jarry has allowed the Penguins to maintain a respectable 3.20 GA/G over the course of this year, however; the team is also 29th in shots allowed, giving up a total of 2007.

Although Erik Karlsson is a name that many fans would like to see donning the Penguins black-and-gold, his age and contract should be a major hindrance to the Penguins’ brass. Scoring 77 points already this year, Karlsson is still -2 +/-, showing that he is not the complete defenseman that the Penguins need at the moment. A much better alternative resides in Arizona. On a similarly situated team as Karlsson, Jakob Chychrun could be a perfect fit for the Penguins. Only 24, and signed to a relatively low $4.6M over the next three seasons, Chychrun could benefit tremendously from being paired with Petry or Letang, and also benefit from being on the same power play as Crosby and Malkin.

2) Youth Movement: According to EliteProspects, the Penguins are the second oldest team this season with an average age of 29.9. As their franchise icons grow older, the Penguins must look to fill this team with the next generation. There is a lot of value to be had in draft capital, however; the Penguins should be putting an emphasis on acquiring young players instead of draft picks this trade deadline. Fortunately for the Penguins, Crosby still has the Midas touch. Any player the coaching staff puts around him instantaneously becomes better. Instead of stockpiling picks for players just exiting the college or junior levels, the Penguins should instead look to acquire players that are just on the verge of cracking the NHL. The league is designed in a way that it is hard to make the moves necessary to win three Stanley Cups in a decade and still be sustainable, but if the Penguins are able to re-tool and acquire young players this deadline, they might still have an open window with Crosby on their roster.

This article first appeared on Pro Hockey Rumors and was syndicated with permission.

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