Tampa Bay Lightning Trade Mikhail Sergachev to Utah, Clearing $8.5 Million in Cap Space

Jun 29, 2024, 03:48 PM

The Tampa Bay Lightning have traded defenseman Mikhail Sergachev to the Utah Hockey Club in exchange for defenseman JJ Moser, center Conor Geekie, a 2025 second-round pick from Toronto, and the 199th overall pick in the 2024 NHL Draft. This move clears $8.5 million in cap space for Tampa Bay, potentially allowing them to retain star player Steven Stamkos. Sergachev, who has seven years remaining on his contract with an average annual value of $8.5 million, spent the last seven seasons with the Lightning. Utah, with ample cap space, is expected to be a significant player in the offseason. No salary was retained in the trade.