What happened: Contract demands are shaping Alexander Nikishin's market while he remains unsigned. Elias Pettersson's long-term deal continues to hinder a trade after talks failed to gain traction.
Why it matters: Nikishin's next contract will determine whether interested clubs can make the acquisition cost work. Moving Pettersson would require a major salary-cap commitment or retained salary.
By the numbers: Nikishin is 24, with extension estimates reaching $7 million to $8 million per year. Pettersson carries an $11.6 million annual cap hit through 2031-32.
What to watch: Watch whether Nikishin's contract demands produce a trade and whether salary retention revives Pettersson talks.