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Perhaps Logan Stanley fumbled the bag this summer.

The towering defenceman had chances to sign early in free agency and passed, betting on something better, something along the lines of $4 million AAV. That bet hasn’t paid off. Stanley is still unsigned as of August 10th, now the best defenceman left on the board for whatever that title is worth (not much). Whoever signs him now will pay him less, for less term, than what he could’ve gotten in July.

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Stanley is coming off his best all-around season, despite a trade from Winnipeg to Buffalo that he didn’t want with Luke Schenn, in exchange for forward Isak Rosén, defenseman Jacob Bryson, a 2027 second-round draft pick, and a conditional 2026 fourth-round draft pick. Didn’t matter to Buffalo, though, who scratched him multiple times during their playoff run and are now not interested in re-signing him. The Jets, meanwhile, signed Mario Ferraro, closing the door on a reunion there too.

Earlier this summer, a four-year deal near a $4 million AAV looked realistic. The salary cap is increasing, and a massive 6’7″ physical defenceman whose game relies on imposing reach, heavy physical play, a booming long-range shot, and a simple defensive style is desirable among many teams. Now, with training camps closing in and cap space drying up around the league, Stanley’s looking at one or two years, somewhere around $2 million and less if the season starts and he remains unsigned.

The same thing happened to Jack Roslovic before he signed with the Edmonton Oilers. He and his agent came into the offseason wanting more than what other teams were willing to pay. Following his signing early in the season, Stan Bowman spoke to the media between periods and relayed that the Oilers had originally offered him $2 million AAV in the summer, and they declined, opting to seek more elsewhere. Roslovic later signed in Edmonton for 1 year with a $1 million AAV.

Stanley runs the risk of running into the same situation.

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Stanley has been linked to Philadelphia, Anaheim, San Jose and Pittsburgh, with the Penguins the current favourite and the Ducks close behind. Both teams need blueline depth, and Stanley’s physical, in-your-face style fits what they’re missing. He’s never been shy about playing in the dirty areas.

Perhaps Edmonton should be thrown into the mix, even if it’s a longer shot than the four teams above. The Oilers are sitting on roughly $4.725 million in projected cap space with 46 players already under contract. That’s tight, but not nothing, especially for a short-term deal in Stanley’s new price range. Edmonton has some size on the backend, but a replacement piece, one who’s a physical, low-cost rental who can eat minutes in a bottom pairing, is the depth that the Oilers have been looking for. It would take some maneuvering to make the money work, and Stan Bowman hasn’t shown much interest in one-year rental defencemen this summer. But if Stanley’s market keeps collapsing and his price tag drops into the low twos, it’s not a total reach to see Edmonton at least make a call.

For now, Stanley waits. Training camps are almost here, and the longer this drags, the worse his leverage gets.

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