Penguins Acquire Erik Karlsson, Bring Norris Trophy Winner To Metro Division

Reigning Norris Trophy winner Erik Karlsson is heading to the Pittsburgh Penguins as part of a three-team trade, the team announced Sunday.

Here are the full trade details:

To Pittsburgh: defenseman Erik Karlsson (from SJ), forward Dillon Hamaliuk (from SJ), 2026 third-round pick (from SJ), forward Rem Pitlick (from MON)

To San Jose: forward Mikael Granlund (from PIT), defenseman Jan Rutta (from PIT), forward Mike Hoffman (from SJ)

To Montreal: defenseman Jeff Petry (from PIT), goalie Casey DeSmith (from PIT), forward Nathan Legare (from PIT), 2025 second-round pick (from PIT)

San Jose also retains $1.5 million in each of the final four years of Karlsson’s contract, bringing his cap hit down to $10 million through the 2026-27 season.

The first major move of Kyle Dubas’ tenure as the team’s general manager, the trade represents a deeper push into win-now mode. Karlsson, at 33-year-old, is the youngest of a new Dubas core four that includes 36-year-old Sidney Crosby, 36-year-old Kris Letang and 37-year-old Evgeni Malkin, requiring the team to make one final push in the twilight of their careers.

The Capitals will open the 2023-24 season at home against Karlsson and the Penguins, with the two teams scheduled to meet three additional times during the regular season.

More coverage from the Hockey Now Network:

SOURCE: Karlsson Traded to Penguins, Granlund & 1st to Sharks in 3-Team Deal

Penguins Trade Analysis: Dubas Gets His Man at Bargain Price

INSTANT ANALYSIS: Canadiens Winners In Karlsson Trade