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NHL Rumor Mill – February 4, 2026

NHL Rumor Mill – February 4, 2026

The Olympic trade freeze begins at 3 PM ET today. Check out the latest on Rangers winger Artemi Panarin and Maple Leafs winger Bobby McMann, plus an update on the Blues in today’s NHL Rumor Mill.

PANTHERS AND LIGHTNING SAID TO BE PUSHING FOR ARTEMI PANARIN

TSN: Chris Johnston reports the New York Rangers intend to move Artemi Panarin before the Olympic trade freeze goes into effect on Wednesday. However, the situation remains firmly in the hands of the 34-year-old winger and his agent.

New York Rangers winger Artemi Panarin (NHL Images).

The Rangers continue talking to teams, and there has been a range of interest. A key part of a deal is agreeing to a contract extension. Johnston said he’d heard one team put a $40 million offer on the table. However, it’s up to Panarin to determine if he’s found the right situation.

RG.ORG: James Murphy reports the Florida Panthers and Tampa Bay Lightning are in the mix for Panarin. It’s believed that the winger’s preference is to join one of the Florida teams. The Minnesota Wild are also making a push.

Murphy indicated that the challenge for the Panthers is that they lack first-round picks in 2026 and 2027. A deal might have to be built around roster players and prospects such as Mackie Samoskevich and Eetu Luostarinen

The San Jose Sharks and Washington Capitals are willing to discuss an extension with the Panarin camp. However, they’re unwilling to give up elite young players such as Will Smith or Ryan Leonard in the deal.

SPECTOR’S NOTE: Panarin’s no-movement clause and his $11.6 million cap hit are stumbling blocks in the path to a trade. Rangers general manager Chris Drury may be keen to move him as soon as possible, but interested clubs can afford to wait him out and hope the asking price drops.

THE BLUES’ HIGH-END TALENT IS PROVING DIFFICULT TO MOVE

TSN: Darren Dreger reports St. Louis Blues GM Doug Armstrong remains eager to refresh the roster before the change in management after this season.

Defensemen Colton Parayko and Justin Faulk, forwards Jordan Kyrou, Brayden Schenn, and Robert Thomas, and goaltender Jordan Binnington remain in play. However, Armstrong’s high asking prices and the cap management required to take on some of their high-end players have been sticking points.

DAILY FACEOFF: Jeff Marek also noted that Thomas, Kyrou, Faulk, Binnington, and Parayko are floating around in the rumor mill. As for younger players such as Dalibor Dvorsky, Jake Neighbours, and Jimmy Snuggerud, Marek doesn’t believe they’re on the table.

SPECTOR’S NOTE: All those high-end players mentioned by Dreger carry annual cap hits of $6 million or more. They also have various forms of no-trade protection. Factor in what Armstrong seeks for each player, and it wouldn’t be surprising if most of those players are still on the Blues roster after the March 6 trade deadline.

TVA SPORTS: Nicolas Cloutier asked the firm Sportslogiq to target the Montreal Canadiens’ most pressing need at the trade deadline and which player to pursue.

The Canadiens could improve defensively, prompting TVA Sports analyst Maxim Lapierre to suggest that they target Colton Parayko of the Blues.

Their most pressing need is a right winger on the top line alongside center Nick Suzuki and left wing Cole Caufield. Cloutier believes the Blues’ Jordan Kyrou would be a good fit, pointing out the Canadiens looked into acquiring him last summer. He’s also a friend of Suzuki’s.

Cloutier isn’t saying the Canadiens are pursuing Parayko or Kyrou. Nevertheless, they could be talking to Armstrong about some of the Blues’ veterans.

Parayko is a big, hard-shooting all-around defenseman who could be a solid defense partner alongside Lane Hutson. However, he’s 32 with four more years left on his contract, and his performance could decline over that period. Parayko might not be keen to waive his no-trade clause.

The Canadiens’ interest in Kyrou is well-documented, and he could fit in well on their top line. It’s worth recalling that the Habs pursuit of Kyrou ended on July 1 when his current contract (with its full no-trade clause) went into effect. Maybe he’d waive it now to go to Montreal, maybe not.

Assuming Parayko or Kyrou agreed to be traded to Montreal, the asking price could be the deal breaker if the Blues ask for Michael Hage, Jacob Fowler, or Alexander Zharovsky.

BOBBY MCMANN BECOMING THE MAPLE LEAFS’ BEST TRADE BAIT

TORONTO SUN: Terry Koshan believes the Maple Leafs could get a return for winger Bobby McMann that would be comparable to what the Vancouver Canucks received for Kiefer Sherwood from the San Jose Sharks. The Canucks got two second-round picks and minor league defenseman Cole Clayton.

Like Sherwood, the 29-year-old McMann is UFA-eligible on July 1 and carries an affordable salary-cap hit ($1.35 million). Koshan also doesn’t rule out the possibility of the winger fetching a first-round pick.

THE ATHLETIC: Joshua Kloke suggested McMann could be a perfect fit for the Edmonton Oilers. They need to improve their third-line depth, and his versatility makes it possible to move him up or down the lineup as needed.

The Oilers lack a first-round pick in 2026, but they have their first-rounders from 2027 to 2029. They also have their second-rounders for the next three years to draw on for trade bait.

SPORTSNET: Luke Fox also mentioned the Oilers as a possible suitor. In addition, he mentioned colleague Nick Kypreos listing the Colorado Avalanche, Florida Panthers, Anaheim Ducks, and Ottawa Senators as possible suitors.

SPECTOR’S NOTE: The Maple Leafs were expected to be sellers before their recent little win streak moved them within five points of a wildcard berth. GM Brad Treliving will likely wait until after the Olympic break to determine his club’s position in the standings before deciding whether or not to sell. Nevertheless, he’s probably fielding offers on McMann and others who are pending UFAs, such as Scott Laughton and Troy Stecher, looking for draft picks and prospects to restock his draft cupboard and prospect pipeline.

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