The Pittsburgh Penguins have made Erik Karlsson available on the trade market, but it's unclear whether or not the franchise will find a trade partner to part ways with the veteran blueliner.
NHL insider Frank Seravalli believes the Carolina Hurricanes check most of the boxes for the 35-year-old defenseman, but he’s not convinced the move would be worth the price for the Canes.
Speaking on a Bleacher Report "Open Ice" livestream on Tuesday, Seravalli called the Hurricanes a near-ideal fit for Karlsson from a cap space and competitive standpoint.
"Could the Carolina Hurricanes be a fit for Erik Karlsson? Yeah, I could see that," Seravalli said.
Where is the best fit for Erik Karlsson amid the trade rumors?@frank_seravalli says Carolina may make the most sense pic.twitter.com/KXWYP7axKR
— B/R Open Ice (@BR_OpenIce) July 29, 2025
With Brent Burns gone and over $10.5 million in cap space available, the Hurricanes could comfortably add Karlsson and his salary, let alone if the Penguins retain part of his cap hit.
Karlsson is under contract for two more seasons and carries a cap hit of $10 million annually after the San Jose Sharks retained part of it in his prior move to Pittsburgh.
Although Karlsson holds a full no-movement clause, he wants to join a playoff-caliber team and would be willing to unlock a move to such a team. That puts the Hurricanes in a prime position to acquire him, and Seravalli sees a player-team fit.
"Karlsson wants to play for a contender, and with Carolina losing Burns, the right side could use that boost,” Seravalli said. “He fills a need there.”
Seravalli, however, doesn't quite like a potential Hurricanes' move for Karlsson when comparing his salary, production, and cost-of-acquisition against the players on Carolina's current roster.
Despite the good on-paper fit, Seravalli challenged the assumption that Karlsson would be a major upgrade over the current roster.
"Let’s say we could get Karlsson at $7.5 million,” Seravalli said. “How much better is Erik Karlsson at seven and a half than Shayne Gostisbehere, running your power play at a number much less than that?”
Gostisbehere, who re-signed in Carolina on a three-year deal worth $9.6 million total and a tiny (compared to Karlsson's) $3.2 million annual salary, is coming off scoring 45 points in 70 regular-season games last year. He added nine points in 15 postseason outings.
Karlsson put up 53 points in 82 regular-season games, and he's missed the playoffs in back-to-back years.
"There’s a gap (in pedigree and production), sure," Seravalli said. "But is it worth the cost? That’s the curious question."
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