The Vancouver Canucks have successfully dumped (most of) Ilya Mikheyev's $4.75 million cap hit in a trade with the Chicago Blackhawks.
According to multiple reports, the Canucks and Blackhawks have agreed to a trade that would send Ilya Mikheyev, the signing rights to Sam Lafferty, and a second-round pick to the Blackhawks in exchange for a fourth-round pick.
According to DailyFaceoff's Frank Seravalli, the two picks are from the 2027 draft. In addition, the Canucks will be retaining 15% of Mikheyev's salary in the deal. That works out to $712,500, meaning the Canucks clear $4,037,500 from their books. The Canucks wanted to avoid adding a sweetener to trade Mikheyev but the need to create space under the salary cap was too great, especially if they want to retain a pending free agent like Nikita Zadorov and go big-game hunting in free agency for someone like Jake Guentzel. Without shedding Mikheyev's salary, the Canucks' cap crunch would have made it difficult to make significant improvements to the lineup heading into next season.
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