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Erik Karlsson trade watch intensifies as Pittsburgh Penguins line up summer options


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Bruce Raymond
March 13, 2026  (1:18 PM)
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Pittsburgh Penguins defenseman Erik Karlsson (65) during a stop in play against the Vancouver Canucks in the second period at Rogers Arena
Photo credit: Bob Frid-Imagn Images

Erik Karlsson feels like a Pittsburgh Penguins rental with a ticking clock, and the summer trade talk is getting loud.

The deadline passed, but the real pressure is what happens when this season ends and Kyle Dubas has to pick a direction.
If Pittsburgh leans even slightly toward a reset, Karlsson is the cleanest big-ticket chip to cash in.
The tell is the money. A huge July 1 signing bonus hits, and once it is paid, his remaining cash gets far easier for a buyer to stomach.
Karlsson has still produced, with 6-38-44 in 59 games, and that matters for teams that want offense from the blue line on the man advantage.
The cap hit is the hard part, but it is also where the leverage lives if Pittsburgh is willing to retain.
That is why the market feels real. Rival teams have been checking in, and the interest has been described as serious, not just tire-kicking.
The Penguins are 32-17-15 right now, but they are also living game to game, and every playoff wobble makes the summer conversation sharper.

Erik Karlsson keeps Pittsburgh Penguins trade heat alive

Penguins fans can feel the split, chase wins now, or finally admit the roster needs oxygen and picks.
Karlsson's puck-moving still changes games, but the fit gets messy when the team needs more cheap depth and fewer $10 million headaches.
Dubas can sell it as timing, not failure. Move the contract after the bonus, recoup assets, and open room for the next wave.
Karlsson controls plenty with his contract protection, so the shortlist will be contenders that can promise minutes, power-play control, and a real shot.
That is where multiple teams circle back, because one right-shot quarterback can flip a playoff series in a week.
The smart money says this ends with a trade not long after the final regular-season game, before the draft dust settles.
Either way, the next Penguins season might start with a different blue-line engine, and that is a big emotional swing in Pittsburgh.
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MARS 13|70 ANSWERS
Erik Karlsson trade watch intensifies as Pittsburgh Penguins line up summer options

Should Erik Karlsson be traded by the Pittsburgh Penguins this summer?

Yes5882.9 %
No1217.1 %
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