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Four teams reportedly in the mix for former Pittsburgh Penguin and top remaining free agent


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Daniel Lucente
July 14, 2026  (5:53 PM)
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Pittsburgh Penguins left wing Elmer Soderblom (right) celebrates his goal with center Ben Kindel (81) and right wing Anthony Mantha (39) against Philadelphia Flyers goaltender Dan Vladar (80) during the first period in game five of the first round of the 2026 Stanley Cup Playoffs at PPG Paints Arena.
Photo credit: Charles LeClaire-Imagn Images

Anthony Mantha is still unsigned in mid-July, and every rumor frames a short-term deal as him settling.

The math says the opposite.
The reporting is consistent. The Canadiens and Flyers lead the interest, with Toronto and the Rangers lingering, all circling a shorter term than the four years Mantha reportedly wants.
Pierre LeBrun pegged Mantha's ask at four years around five to six million per season. Kent Hughes in Montreal and Danny Briere in Philadelphia both have the cap space but neither wants to block young forwards long term.
So the standoff reads as leverage draining from a 31-year-old winger.
That framing ignores when this is happening.

The cap window everyone is ignoring

Mantha is coming off a career year, 33 goals and 64 points in 81 games with Pittsburgh. If he signs a one-year deal now and repeats anything close, he re-enters free agency next summer.
That is the part nobody is connecting. The salary cap sits at 95.5 million today, climbs to 104 million in 2026-27, then 113.5 million in 2027-28, with agents projecting roughly 123 million by 2028-29.
A four-year deal signed this week locks Mantha into today's dollars for the entire explosion. A one-year bet cashes in against a ceiling nearly 20 million higher per team.

Why short-term is the smart play

The teams pushing for one year think they are protecting themselves from his injury history.
They may be handing Mantha the better outcome.
If he stays healthy, he sells the same 30-goal upside into a richer market with more suitors and fewer cap-strapped buyers. The prove-it deal only looks like a compromise if you freeze the cap.
Montreal and Philadelphia are not lowballing a desperate player. They are, without meaning to, setting him up to earn more later.
Whoever signs Mantha short-term should know they are renting him for one season, not buying low.
The rising ceiling turns his weakest negotiating position into his strongest card.
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Four teams reportedly in the mix for former Pittsburgh Penguin and top remaining free agent

Would a one-year deal actually leave Mantha richer than four years now?


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