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What might the Nick Schmaltz extension mean for the Canucks and Elias Pettersson?
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Photo credit: © Bob Frid-Imagn Images
Tyson Cole
Mar 12, 2026, 10:00 EDTUpdated: Mar 12, 2026, 00:29 EDT
The unrestricted free agent centre market for the 2026 offseason was already tracking to be bleak, but after yesterday’s Nick Schmaltz extension with the Utah Mammoth, the centre cupboards are bare. But it wasn’t always supposed to be like this.
Once the new league calendar flipped to the 2025-26 season on July 1, the unrestricted free agent centre class was stacked, highlighted by Connor McDavid and Jack Eichel. But with the rising cap, teams around the league were able to retain their guys while also giving them raises. Along with McDavid and Eichel, Ryan Poehling, Mikael Backlund, JG Pageau, Christian Dvorak, Alexander Wennberg, Nick Schmaltz, and Adam Lowry have all come off the market after signing extensions with their teams.
Now, we are looking at an unsigned centre-crop that lacks a true difference-maker. Below is the list of centres that, at the time of this writing, do not have an extension in place and are projected to become unrestricted free agents on July 1:
Ranked in order of previous average annual value, with a cut-off of $900K.
To put it nicely, there isn’t really anybody on this list who will put contending teams over the edge. And this list should likely be shorter, considering players like Malkin (long-time Penguin), Giroux (Ottawa native) and Toews (Winnipeg native) aren’t likely to sign anywhere other than their current team, given their age or longevity in one organization.
With that in mind, teams that are looking to bolster their centre depth but want to shoot for a higher-profile centre than one of these pending free agents will have to venture into the trade market. And that’s where the Vancouver Canucks come in and have a real opportunity to capitalize on these centre-needy teams.
Are the Canucks a centre-needy team? Of course. But with the transition toward a rebuild, selling theirs is probably the best move at this point. If one needs convincing, just take a look at some of the returns these centres are netting.

Recent centre trades

Here are the prices teams paid for centres – as the centrepiece of the trade – since the official start of the 2025-26 season (July 1):
The centre market right now is at an all-time high, especially when players such as Jason Dickinson & Colton Dach, and Nicolas Roy can net a first-round pick, and guys like Philip Danault, Michael McCarron, and Nic Dowd return a second-round selection.
Ryan Strome was traded, but he was struggling to get into the lineup and was viewed as a cap dump, which is why the return was so low. But other than that, given the age of these centres and their 2025-26 point totals, those are some prices that rebuilding teams, like the Vancouver Canucks, should be licking their chops at seeing as an opportunity to take advantage of.
Looking at the Canucks’ centre depth as is, there are really only a few that would net returns like the ones above. Marco Rossi might be an intriguing add. Just 24 years old, making a very reasonable $5 million. But with his age fitting the Canucks’ 25-and-under rebuilding model and with the team having recently acquired him, we would be surprised if he moved this offseason – a year or two down the line is a different story.
But the big name we’re talking about is Elias Pettersson.
Trading Pettersson has been a hot-button topic in this market, especially this past trade deadline. But trading him in-season was always going to be a tall task.
The biggest hindrance to a potential Pettersson move is his massive $11.6 million price tag and no-movement clause. He will have the final say on where he wants to go, if he wants to go at all. But if he decides he does, they now have to align Pettersson’s wishes with a team willing to take on his expensive cap hit.
At the time of his signing, he was coming off a 102-point season and was on pace to beat that career-high that season. But since then, it hasn’t worked out the way he or the Canucks had hoped. He’s down to 13 goals and 38 points in 56 games, on pace for just 50 points. $11.6 million for a 50-point scorer isn’t going to be an easy sell for many teams.
However, Pettersson is just 27 years old and has a previous 100-point season under his belt. Teams will have the belief that with all the craziness that has transpired around Pettersson in Vancouver over these last two seasons, that a change of scenery, where he has a fresh slate in a new city and new teammates, he could rebound to that player again.
It has been reported that this management regime is not willing to retain on the remaining six years of his contract. And if that’s the case, given his recent production, they’re not going to get the level of return he would have when he was at the top of his game. Yet, when teams get desperate in the summer when they realize they aren’t going to fix their centre issues in free agency, and the NHL salary cap increases by $9.5 million, all of a sudden, Pettersson could become an attractive option.
All in all, a Pettersson trade is not going to be easy. With the disappointing recent play, the price tag, and the trade protection, it’s going to take the perfect destination for all three parties to make an Elias Pettersson move possible. However, with the recent Nick Schmaltz extension now completely clearing the unrestricted free agent centre pool of much talent, the market for Pettersson could pick up over the summer for the Canucks.
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