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Why Ottawa rejected a Rasmus Ristolainen trade without saying so


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Daniel Lucente
July 24, 2026  (9:43)
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Ottawa Senators center Shane Pinto (12) and Philadelphia Flyers defenseman Rasmus Ristolainen (55) battle for the puck during the second period at Wells Fargo Center.
Photo credit: Eric Hartline-Imagn Images

The Ottawa Senators keep surfacing in Rasmus Ristolainen rumors, yet the one move that reshaped their interest already happened in June.

The framing coming out of Philadelphia is familiar. The Flyers want a centre, the Senators want a right-shot defenseman, and Rasmus Ristolainen is the obvious bridge between the two.
The reported wall is Ottawa's refusal to discuss and trade Shane Pinto, Dylan Cozens or Ridly Greig.
Daily Faceoff's Anthony DiMarco has the Senators and Flyers talking, with those three centres off the table. But the untouchable-forward angle skips the detail that actually softened Ottawa's urgency.

The Jordan Spence deal quietly changed everything

On June 26, Steve Staios re-signed right-shot defenseman Jordan Spence to a four-year contract worth roughly $20 million, per Sportsnet's Elliotte Friedman.
That is the move that matters here. Spence is 25, cost nothing in term risk, and slots into the exact role Ristolainen would fill.
Add Artem Zub, Nick Jensen and Nikolas Matinpalo, plus prospect Carter Yakemchuk pushing for minutes, and Ottawa's right side is no longer thin.
The deadline pursuit ran on need.
The summer version runs on preference, and preference does not move a top-six centre.
Staios spent to keep that role filled, which is not how a general manager behaves when a hole still needs an expensive patch.

Why the price never lines up

Ristolainen carries a $5.1 million cap hit for one more season before unrestricted free agency, according to PuckPedia.
Danny Briere set a first-round-pick-plus price in March, and Ristolainen's playoff run only raised it.
Ottawa sits near $4.2 million in projected cap space, so any deal also needs salary heading back to Philadelphia.
So the real reason this stalls is not Pinto's name. It is that Ottawa already solved the problem Ristolainen was meant to solve, which turns a bold swing into an expensive luxury.
Watch for a smaller depth piece instead, not a blockbuster built on a need that no longer exists.
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Why Ottawa rejected a Rasmus Ristolainen trade without saying so

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