By trading away defenseman Mikhail Sergachev and forward Tanner Jeannot earlier this afternoon, the Tampa Bay Lightning have $11.165MM more to work with this summer than they did 24 hours ago. Much of the early conjecture perceived the cap-clearing moves as the Lightning making a concerted effort to keep captain Steven Stamkos in Tampa Bay for the rest of his career.

We now know that is not the case as the Lightning never increased upon their original eight-year, $3MM AAV extension offer to Stamkos, as Renaud Lavoie of TVA Sports confirms that the star forward will reach the free agent market for the first time in his career on Monday. In a clear case of pivoting away from their captain, Sportsnet’s Elliotte Friedman believes Tampa Bay made their moves today to pursue Jake Guentzel once free agency opens up on July 1st (Article Link).

Before eventually signing his most recent eight-year, $68MM extension with the Lightning, Stamkos was poised to be the hottest name on the free agent market heading into the 2016-17 NHL season. Despite never hitting the open market, the Detroit Red Wings, Edmonton Oilers, and Toronto Maple Leafs were all interested in signing Stamkos nearly a decade ago. However, with Stamkos signing his contract on June 29th, 2016, he was prohibited from negotiating with any other team.

This time, Stamkos will earn the ability to talk to all 32 teams before finally deciding on his future. The Nashville Predators have been the most heavily linked to Stamkos so far, but the New York Rangers, Vancouver Canucks, Red Wings, and Utah Hockey Club, among others, will all have interest in signing the star player. This does not count out the Lightning organization either as they will be in contact with Stamkos and his camp in the coming days.

On the other side of the report, the Lightning join the Carolina Hurricanes, Chicago Blackhawks, and Canucks as teams that are pursuing Guentzel this summer. The 29-year-old winger is coming off a season that saw him score 30 goals and 77 points in 67 games with 25 of those points coming in 17 games with Carolina after being acquired from the Pittsburgh Penguins. In the 2024 Stanley Cup playoffs, Guentzel continued as a strong performer as he registered four goals and nine points through 11 games.

If Tampa Bay can sign Guentzel once free agency opens on July 1st, they will potentially start the 2024-25 NHL season with the best first line in the league. Brayden Point and Nikita Kucherov are in no danger of losing their spots on the team’s first line — and adding Guentzel to it will have opposing teams scrambling to match up against it.

Both players’ situations will unfold over the next 48 hours but one item remains clear. After bowing in the first round of the Stanley Cup playoffs two years in a row, the Lightning are not afraid to make tough decisions to extend their contention window.