Penguins 'not afraid' to trade Jake Guentzel

Penguins general manager Kyle Dubas won’t shy away from moving winger Jake Guentzel before the March 8 trade deadline if the two sides aren’t close to an extension, The Athletic’s Josh Yohe writes Thursday.

Keeping the pending UFA around long-term is still Dubas’ preference, as Yohe relays, but the team is unlikely to let him walk for nothing this summer. Sportsnet’s Elliotte Friedman reported last month that Dubas planned to hold talks with Guentzel’s camp over this weekend’s All-Star break.

Previous reports indicated Guentzel’s agent, Ben Hankinson, could wait until the end of the season to discuss an extension. If Hankinson holds firm in that approach, the apparent likelihood of a Guentzel trade in the next five weeks increases dramatically.

Guentzel, 29, is on pace for his third straight 30-goal season. He’s been stapled to future Hall-of-Famer Sidney Crosby’s wing since breaking into the league in 2016-17, recording 219 goals and 463 points in 499 career games.

That chemistry is something Dubas recognizes, per Yohe, and plays into his desire to keep the winger with the Penguins long-term. Yohe cites a rising salary cap and “keeping [Crosby] with his preferred left wing for the rest of his career” as primary reasons why Dubas is amicable to an extension that will likely take Guentzel into his mid-30s.

Crosby’s desire to remain on a line with Guentzel won’t be enough for Dubas to lose out on recouping value in a deadline deal, however. Sources have told Yohe that Dubas “isn’t afraid to trade Guentzel, even if Crosby and [head coach Mike] Sullivan would prefer to keep him employed in Pittsburgh.”

The Canucks’ acquisition of pending UFA center Elias Lindholm from the Flames on Wednesday likely sets the baseline for any Guentzel trade talks if he’s being dealt without an extension in place. Given Guentzel is far out-producing Lindholm this season, there’s a fair argument to be made that he could fetch slightly more. However, there may be some league-wide concern that Guentzel’s production could dip without Crosby on his line.

It’s a reasonable fear, but few players have put up points with consistency like Guentzel has. He’s averaged over a point per game over the past six years and has never been on pace for less than 34 goals in a full season since 2018. Combine that with the fact he’s averaged over 20 minutes per game in every season since 2018 and has solid power-play impacts, and it’s fair to assume he could command more value than Lindholm’s up-and-down track record over the past half-decade.

The Penguins could drive up the asking price further by offering to retain some of his $6M cap hit, which wouldn’t affect the squad past this season. Guentzel has a 12-team no-trade list, per CapFriendly.