The Seattle Kraken's pursuit of elite offensive talent remains a key storyline, even after missing out on Artemi Panarin, who was recently traded to and extended with the Los Angeles Kings. The Kraken reportedly made a significant offer to Panarin, a four-year contract with an average annual value exceeding $14 million, surpassing even Leon Draisaitl's cap hit. However, Panarin chose to join the Kings, signing a two-year extension with an $11 million AAV, reportedly leaving a substantial amount of money on the table to play in Los Angeles.
According to Sportsnet's Elliotte Friedman, the Kraken were highly motivated to acquire Panarin, with sources indicating their offer was a four-year extension with an AAV higher than Leon Draisaitl's $14 million. Despite the aggressive pursuit, Panarin's desire to play in Los Angeles ultimately led him to choose the Kings.
With Panarin now off the market, the Kraken are expected to explore other avenues to bolster their offense. Several unrestricted free agents could be potential targets. Mitch Marner of the Toronto Maple Leafs stands out as a premier option. Marner, known for his exceptional playmaking and two-way abilities, has amassed impressive regular-season statistics. However, his playoff performance has been a point of criticism. Nikolaj Ehlers of the Winnipeg Jets is another potential target. Ehlers is a dynamic attacker with speed and agility.
Alternatively, the Kraken could explore the restricted free agent market. JJ Peterka of the Buffalo Sabres is an intriguing possibility. Peterka is a talented winger with a strong scoring touch and playmaking instincts. Marco Rossi of the Minnesota Wild and Mason McTavish of the Anaheim Ducks are other potential RFA targets, though their respective teams may be inclined to match any offer sheet.
Beyond forwards, the Kraken may also look to address their goaltending situation. With questions surrounding Philipp Grubauer's future, veteran options like Jake Allen and Alex Lyon could provide stability in net. Ethan Bear, a defenseman who has spent the entire 2024-2025 season in the American Hockey League, is a cost-effective target.
As the Kraken approach the free agency period, they have roughly $18 million in cap space. However, the team is also mindful of its internal prospects, such as Berkly Catton, Ryan Winterton and Jani Nyman, who are expected to compete for roster spots. The Kraken will aim to strike a balance between adding proven talent and providing opportunities for their young players to develop.