Back to the Tampa Bay Lightning Newsfeed

Lightning Round: Erik Karlsson traded to Pittsburgh Penguins

After a summer of will he or won’t he, Pittsburgh Penguins general manager Kyle Dubas finally pulled off his first signature deal with his new team as he landed defenseman Erik Karlsson in a three-team deal.

TRADE

To #LetsGoPens
Erik Karlsson (13% retained)
Dillon Hamaliuk
2026 3rd rd pick(SJS)

To #SJSharks
Mikael Granlund
Mike Hoffman
Jan Rutta
2024 1st rd pick(PIT)

To #GoHabsGo
Jeff Petry (25% retained)
Casey DeSmith
Nathan Legare
2025 2nd rd pick(PIT)https://t.co/P2Xlqo2KEJ

There were a lot of pieces in the deal, but in short Pittsburgh gets an elite offensive defenseman and clears just over $3 million in cap space.