Erik Karlsson’s future with the Pittsburgh Penguins appears uncertain. The star defenseman has two years left on his contract, with a $10 million cap hit, and a $5 million signing bonus due on July 1. If he waives his no-movement clause after that date, potential suitors may increase, but any deal would likely require substantial salary retention by the Penguins. Meanwhile, the Oilers are in negotiations with Evan Bouchard, looking to secure him on a potentially lucrative four-year deal that helps maintain their salary cap flexibility as the cap is expected to rise. The St. Louis Blues are also facing a decision regarding Jordan Kyrou, whose full no-trade clause activates on July 1, raising questions about whether they will trade him before the clause takes effect.