Reports: Bruins could be on verge of trading Torey Krug’s negotiating rights

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It’s been clear for a while that the Bruins signing Torey Krug to an extension before he hits free agency was unlikely.

Now it appears the breakup could officially take place even before the free agency window opens on Oct. 9. According to multiple reports, there has been “significant interest” in trading for Krug’s exclusive negotiating rights, and Boston could be on the verge of making such a move.

Barstool Sports’ Rear Admiral was the first to report that the Bruins were exploring the possibility, adding that it could happen as early as Monday.

TSN’s Frank Seravalli confirmed that there has been “significant interest” from other teams in acquiring Krug’s rights, and he added that he believes the Bruins’ most recent offer to Krug was for six years at $6.5 million per season.

Until free agency opens on Oct. 9, pending free agents can only negotiate with their current team. A trade like this would end the Bruins’ negotiations with Krug and transfer those exclusive rights to a new team. If that new team couldn’t get a deal done, Krug would still become an unrestricted free agent on Oct. 9.

Krug’s hometown Detroit Red Wings, a rebuilding team with a lot of cap space, have long been rumored to be one of the favorites to sign Krug, and Rear Admiral reports they are indeed one of the suitors. He adds that the Florida Panthers, Colorado Avalanche and Vegas Golden Knights are also showing strong interest.

Generally a deal like this lands the team trading the rights something like a fifth-round pick in return. Another option for general manager Don Sweeney would be trading Krug’s rights for the negotiating rights to another pending free agent. Looking at that list of four teams, the Panthers would offer the most intriguing options on that front with forwards Mike Hoffman and Evgenii Dadonov.

Krug has said that contract talks were few and far between this past season, and that he fully intended to make the most of perhaps his only chance to maximize his value and get a big contract.