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Vancouver could trade Thatcher Demko before his $8.5M no-move clause locks them in


Daniel Lucente
Mar 24, 2026  (5:06 PM)
Vancouver Canucks goalie Kevin Lankinen (32) and goalie Thatcher Demko (35) celebrate their victory against the Washington Capitals at Rogers Arena.
Photo credit: Bob Frid-Imagn Images

Frank Seravalli tied Thatcher Demko to a possible Vancouver Canucks trade, and that turns one injured goalie into a 31-team summer market.

Demko is 30, a 2014 second-round pick by Vancouver, and he is out for the rest of 2025-26 after hip surgery with training camp as the target.
The money is the real story. He is finishing a deal with a $5 million cap hit, then his three-year extension at $8.5 million per season starts in 2026-27.
That extension also carries a full no-move clause in each year. Right now is the clean window, because his current contract shows no trade protection before that clause kicks in.
This is why Seravalli's line hits harder than normal trade chatter. It is not about this week, it is about whether Vancouver wants flexibility before July.
You can see the leverage point clearly in the post below.
"I'd imagine that if he's healthy the Canucks would be interested in dealing Thatcher Demko."

- Frank Seravalli
Vancouver already committed to Kevin Lankinen at $4.5 million through 2029-30, with no-move protection in the first two years.
Paying starter money to two goalies is tough for a club sitting at 21-40-8.

Thatcher Demko forces a Vancouver Canucks cap call

That is the fan tension, too. Keeping both goalies feels like paying twice for the same answer.
For all 31 other teams, the pitch is obvious. If Demko gets healthy, he is a proven starter with upside that can change a playoff series.
For Vancouver, the hockey logic runs the other way. Move the risk now, trust Lankinen's term, and turn Demko's value into blue-line help or a real top-six winger.
That is the sharper read here. Seravalli did not just float a rumor, he pointed at the one moment where Vancouver still controls the decision.
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Vancouver could trade Thatcher Demko before his $8.5M no-move clause locks them in

Should the Vancouver Canucks trade Thatcher Demko before his no-move clause begins?


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