NHL Free Agency: Insider Names Two Finalists For Nikolaj Ehlers
Nikolaj Ehlers' free agency decision comes down to two teams
Ehlers remains a rare blend of consistency and top-six talent. He's coming off back-to-back 60-point seasons and tallied 63 points in just 69 games last year with the Presidents’ Trophy–winning Jets.
With elite speed, scoring touch, and playoff experience, he’s exactly the type of impact winger both teams are eager to add, though one has the clear edge in flexibility.
Frank Seravalli: Re Nikolaj Ehlers: I'm focusing on two teams, either Washington or Carolina - Big Show
— NHL Rumour Report (@NHLRumourReport) July 2, 2025
Carolina offers cap space, stability, and the best chance to win
The Hurricanes appear to be the frontrunner, thanks to over $18 million in available cap space and a long-standing interest in Ehlers. They’ve reportedly attempted to trade for him in the past, and now have the ability to offer a significant contract without clearing space.
Carolina's competitive roster, analytical system, and quieter market are also believed to align with Ehlers' personal preferences - he’s made it clear he wants to play in a low-profile, warm-weather market after nine seasons in Winnipeg.
With top UFA Nikolaj Ehlers now down to a few teams he's deciding between, the expectation is that his decision should be made at some point today.
— Chris Johnston (@reporterchris) July 2, 2025
Washington’s pitch is compelling, but complicated
The Capitals remain in the mix, thanks to aggressive front office moves and a willingness to spend. Washington sees Ehlers as a big piece to support their aging core, particularly with Alex Ovechkin entering the twilight of his career.
But their $6.95 million in cap space means they'd need to move pieces to fit Ehlers’ projected $8M+ AAV. If the Caps can’t clear that space quickly, they risk losing out to a better-prepared Hurricanes front office that’s been quietly building toward a major signing.
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