Morgan Rielly is reportedly getting traded to Pacific Division team and the return is underwhelming
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Daniel Lucente
Jun 24, 2026 (1:12 PM)
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Photo credit: Sam Navarro-Imagn Images
The Morgan Rielly trade chatter frames this as John Chayka cleaning house. His full no-move clause tells a different story.
The framing is wrong. Rielly isn't being dumped - he's being asked permission to leave, and he's granting it on his terms.
TSN's Darren Dreger confirmed Tuesday that Rielly's agent, J.P. Barry, submitted a list of four Western Conference teams for Chayka to work with.
Pierre LeBrun and Chris Johnston both identified San Jose and Anaheim as the teams sitting at the top of that list.
That mechanic matters. John Chayka cannot run an open auction. He can only negotiate with clubs Rielly approved, which shrinks the bidding pool and suppresses the return.
Insiders believe a middle-round draft pick is the realistic expectation - not a reflection of poor negotiating, but of a clause that gives the player all the leverage.
Why the Sharks make structural sense
San Jose GM Mike Grier identified defense as the offseason priority at his exit interview. The Sharks enter the summer with only Dmitry Orlov and Sam Dickinson under NHL contract on the blue line and over $40 million in cap space for 2026-27.
Rielly's $7.5 million AAV actually helps San Jose reach the cap floor rather than straining it.
Coach Ryan Warsofsky has a young defensive corps building around Macklin Celebrini that could use a veteran puck-mover.
The real cost nobody is calculating
Rielly is 32, posted a minus-18 last season, and is signed through 2029-30. By the time the Sharks are genuinely competing for the Stanley Cup, he will be deep into his mid-30s and still carrying a $7.5 million cap hit.
Chayka gets financial flexibility to rebuild. Rielly gets a fresh start on the West Coast. San Jose gets a short-term upgrade with a long-term question mark attached.
The deal is not confirmed. But if it gets done, recognize who actually negotiated the destination.
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Previously on HockeyLatest