Should the Kraken be concerned about a possible Matty Beniers offer sheet

This action has led to questions about whether the Seattle Kraken should worry about a similar situation with their star forward, Matty Beniers.

The Blues extended a two-year offer sheet to Dylan Holloway with an AAV of $2.29 million and a similar two-year deal to Philip Broberg worth $4.55 million AAV. If the Oilers decline to match these offers, they'll be compensated with a third-round pick for Holloway and a second-round pick for Broberg. The Oilers have seven days to decide whether to match or let these players go.

Offer sheets are not common in the modern NHL, but they still happen. Recent examples include the Carolina Hurricanes' offer sheet to Jesperi Kotkaniemi and the Montreal Canadiens' to Sebastian Aho. While Montreal matched Aho's deal, they let Kotkaniemi walk. Although rare, these occurrences do spark concern among teams with key RFAs.

Heading into the offseason, Seattle had two important RFAs on their roster-Eeli Tolvanen and Matty Beniers. The Kraken quickly secured Tolvanen's contract, but negotiations with Beniers have stretched into the summer. Despite growing unease among fans, GM Ron Francis has repeatedly assured that an agreement with Beniers is in progress.

If the Kraken go into the 2024-25 season with a full roster, they'll have approximately $6.3 million in cap space, according to Puckpedia. Sending Ben Meyers down to the Coachella Valley Firebirds could free up additional space, bringing their total cap flexibility to $7 million. The delay in signing Beniers likely revolves around finding a term and dollar amount that works for both parties.

While the idea of an offer sheet looms in theory, it remains unlikely for Beniers. Any team willing to extend an offer sheet would need to propose a deal worth between $6.87 million and $9.16 million AAV, triggering compensation of a first, second, and third-round pick for the Kraken. Most teams, however, lack both the cap space and draft capital to take such a risk at this point in the offseason.

Both Matty Beniers and the Seattle Kraken have expressed their mutual desire to get a deal done. Fans can rest easy knowing that an offer sheet is highly improbable. Beniers' future in Seattle seems all but certain, and it's just a matter of time before the contract is finalized.