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New Update on Erik Karlsson's Mindset Will Catch Penguins Attention

Originally posted on Athlon Sports | By Antonio Losada | Last updated Jul 14, 2025 6:33 AM ET

Erik Karlsson’s time with the Pittsburgh Penguins might be approaching a conclusion, but that will only happen under the right circumstances.

According to Chris Johnston, speaking on Thursday's episode of "The Chris Johnston Show," the 35-year-old defenseman is open to being traded. That said, Karlsson holds a full no-movement clause as part of his eight-year, $92 million contract, so he will have the final say on any move.

Johnston, however, reported that Karlsson is “willing to be moved,” adding that Pittsburgh still considers him an asset that could fetch a solid return in the trade market.

"(Karlsson) is willing to be moved," Johnston said. "And so I think that helps, because obviously there’s a no-movement clause, but it’s only to a few places.

"And the flip side of this, I think, Pittsburgh rightly views him as an asset—more of an asset the closer (he gets to) the end of his deal, right? He’s down to two years on that contract, and so the contract itself becomes less of a problem."

Chris Johnston: Re Erik Karlsson: He's willing to be moved; Pittsburgh views him rightly as an asset...more of an asset the closer he is to the end of his deal; it becomes a pretty moveable object, it just might not be this summer - Chris Johnston Show
— NHL Rumour Report (@NHLRumourReport) July 12, 2025

With just two years left on his $92 million deal, the Penguins believe the contract is becoming more tradeable, especially in a rising cap environment, as Johnston explained.

“Pittsburgh does have an ability to eat even more money on it than San Jose already (did),” Johnston said. “It becomes a pretty movable object. It just might not be this summer."

Karlsson played all 164 regular-season games over the last two years, producing 109 total points but missing the playoffs on back-to-back seasons in Pittsburgh.

Johnston emphasized that Pittsburgh won't give Karlsson away for nothing but acknowledged that the blueliner still has enough offensive upside to drive value in the right system. The insider also believes Karlsson will grow tired of the Pittsburgh losing situation, thus facilitating a move.

“He was in San Jose when that team went from contender to not,” Johnston said. “He’s arrived in Pittsburgh as they’re headed in the wrong direction.

"I have to think he’s going to get antsy at a certain point here and want to (move). As much as I think Pittsburgh has been a great fit for his family, and he likes that aspect of living there, he’s only got so much time in terms of trying to compete for a Stanley Cup."

This article first appeared on Athlon Sports and was syndicated with permission.

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