Flyers tender record offer sheet to Ducks center Leo Carlsson that would cost Philly four first-round picks
The five-year offer sheet would make Carlsson the league's highest-paid player with an average annual value of $18 million. The Ducks have seven days to match.
It is the dawn of a new era in the NHL, and the Flyers are officially among the trailblazers.
A few short hours after watching the next generation wrap up development camp with a spirited and competitive three-on-three tournament, Danny Brière and the Flyers announced they are major players for today’s stars with the signing of budding star Leo Carlsson to an offer sheet.
The offer is a five-year contract worth an average annual value of $18 million. According to a league source, it is front-loaded with a heavy signing bonus. It would make Carlsson the highest-paid player in terms of AAV in the NHL and would walk him directly to unrestricted free agency.
Pat Verbeek and the Anaheim Ducks have seven days to match the offer. If they don’t, according to the team’s press release, the Flyers would have to transfer their own first-round draft pick in each of the next four seasons as compensation. However, according to PuckPedia, it is four in the next five years.
Carlsson, a restricted free agent, is coming off his entry-level contract, and the two teams could also elect to work out a trade for the Swedish center ahead of Anaheim’s deadline. It should be noted that if the Ducks match the contract, they cannot trade Carlsson for one year.
Carlsson, 21, is a 6-foot-3, 208-pound center and is coming off a breakout season. There is the critique that the deal is an overpayment, but he is exactly the type of young No. 1 center the Flyers have been craving for years. Ironically, the last 1C was Claude Giroux, who is in talks with the Flyers, although it sounds like that potential reunion is contingent on what happens with Carlsson.
The Swede has size, speed, playmaking ability, and a lethal shot. Selected with the No. 2 overall pick in the 2023 NHL draft, Carlsson had 29 goals, 38 assists, and 67 points in 70 games this past season, despite missing time from mid-January to the Olympic break with a Morel-Lavallée lesion in his left thigh. According to Physiopedia, this is “due to shearing forces which separate the skin and subcutaneous tissue from the deep fascia.”
Four of his goals and 18 of his points last season came on the power play. He added another four goals and 11 points in 12 playoff games, his first postseason experience. Across 201 career games, he has 141 points (61 goals and 80 assists) with a 14.7 shooting percentage, while he has won 41% of the career faceoffs he has taken — although it was 34.8% his first year.
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Carlsson is a former teammate of Trevor Zegras and Jamie Drysdale — both of whom are restricted free agents and due new contracts. Zegras and Drysdale’s new deals are expected to account for something in the neighborhood of $15 million combined.
According to PuckPedia, the Flyers have a smidge over $29 million in cap space before Carlsson’s proposed deal. If Anaheim does not match, that leaves $11 million in cap space for the Flyers — technically, because the PuckPedia numbers have Nolan Foote ($850,000), Jett Luchanko ($941,667), Carl Grundström ($1 million), and Oliver Bonk ($909,166) in the NHL. It is also burying David Jiříček’s salary in the minors, but all signs point to Jiříček — who is no longer waiver-exempt — and his $1.5 million cap hit being in the NHL.
Adding the first four names and subtracting Jiříček and Carlsson, that leaves just over $13 million between Drysdale and Zegras, with the expectation that fellow restricted free agents Nikita Grebenkin and Hunter McDonald would also be in the minors. If Anaheim doesn’t match the offer sheet, the Flyers would likely have to move a contract or two out to accommodate Carlsson’s massive deal.
The offer sheet also leaves Anaheim in a pickle, as the Ducks still have to sign restricted free agents Cutter Gauthier, Pavel Mintyukov, and Tyson Hinds. Next summer, Tim Washe is up for a new deal, and in two years, budding star Beckett Sennecke should also get a monster deal.
Brière and Verbeek have some history. They came into their GM roles roughly the same time — Brière in May 2023 and Verbeek in February 2022 — and have already made two major deals. In January 2024, Gauthier was sent to the Ducks for Drysdale and a 2025 second-round pick that became Jack Murtagh. Last June, the Flyers acquired Zegras for Ryan Poehling, a 2025 second-rounder and a 2026 fourth-round pick. Because of these trades, it is a good sign that the Ducks would not be retaliatory and try to offer sheet Zegras or Drysdale.
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Although this is the first offer sheet for Brière, this is not the first in Flyers history. In 2006, they tendered an offer sheet to Ryan Kesler, but the Vancouver Canucks matched. In 2012, with Paul Holmgren at the helm, defenseman Shea Weber was signed to a 14-year, $110 million offer sheet that the Nashville Predators matched. And before the salary-cap era, Chris Gratton was signed to an offer sheet in 1997, and the Tampa Bay Lightning did not match; however, two of the four first-rounders were sent back in a trade for Mikael Renberg and Karl Dykhuis.