Not every NHL general manager can afford to sign off on an acquisition of a star like Artemi Panarin and his $11.6 million cap hit.
Unlike the MLB’s Los Angeles Dodgers, most NHL franchises aim to build accountable business models. Stockpiling fiscally responsible producers often separates playoff teams from non-postseason qualifiers.
And with Kiefer Sherwood, one of the trade market’s top early bargains at $1.5 million, already jettisoned from the Vancouver Canucks to the San Jose Sharks, NHL trade rumors indicate a series of GMs will be looking elsewhere for middle-six forwards with cap hits below $5 million.
Here are three options:
he looks so good in teal.. kiefer sherwood you are now my friend pic.twitter.com/l8Xrn5lqop
— toot (@gleorping) January 22, 2026
Andrew Mangiapane, Edmonton Oilers
The Mangiapane experiment just didn’t work out in Edmonton. GM Stan Bowman reportedly remains committed to moving on from the winger. With a cap hit of $3.6 million, the 29-year-old could be viewed as a top-six forward for a rebuilding squad in search of experience. As a member of the Calgary Flames, he scored 35 goals in 2021-22.
Andrew Mangiapane delivers 🫡 pic.twitter.com/gsfR71KhDA
— Sportsnet (@Sportsnet) January 19, 2026
Alex Tuch, Buffalo Sabres
What will Jarmo Kekalainen do with Tuch? The new GM wants to keep the 29-year-old left winger, but if the two camps do not come closer on contract extension talks, it may be time for a move. Tuch, who scored 36 goals in 2024-25. He ranks second on the Sabres in goals (17) and points (41) through 49 appearances. With a cap hit of $4.75 million, Kekalainen reportedly will trade Tuch to a team he’d be willing to sign long-term with.
Alex Tuch short handed breakaway stopped by Monetembeault #LetsGoBuffalo #Sabrehood #GoHabsGo pic.twitter.com/ugmAbH9gJP
— Buffalo Hockey Moments (@SabresPlays) January 23, 2026
Blake Coleman, Calgary Flames
With defenseman Rasmus Andersson already playing with the Vegas Golden Knights, most league insiders expect Coleman to follow him out of Calgary. The 34-year-old winger remains a dependable two-way skater with a cap hit of $4.9 million. In the final year of his contract, playoff contenders have already made inquiries. NHL trade rumors suggest Flames GM Craig Conroy will need to be blown away by an offer.
Blake Coleman could be the next player on the move for the Calgary Flames. Should the Flames look to move him before the deadline?#Flames pic.twitter.com/ErND13oDix
— Locked On Flames (@LO_FlamesPod) January 21, 2026