Late last night a report from Jason Mackey of the Pittsburgh Post-Gazette broke that the Penguins were shopping Ian Cole. The 28-year old defenseman is an unrestricted free agent after this season, and hadn’t gotten anywhere in extension talks with Pittsburgh. Elliotte Friedman of Sportsnet added that Cole’s agent had been given permission to talk to other teams.

Now, Mackey has even more information on a potential Cole swap. In a piece from this morning, the Post-Gazette writer reports that the Vegas Golden Knights, Colorado Avalanche and Toronto Maple Leafs are the leading suitors for Cole’s services, and that he won’t be traded to anyone in the Metropolitan Division. With the standings so tight this season, it’s understandable that Pittsburgh wouldn’t want to hand over a two-time Stanley Cup champion.

It’s that playoff success that makes Cole’s availability so surprising. With Kris Letang and others injured in last year’s Stanley Cup run, Cole was a huge part of the Penguins success, playing in all 25 games and registering nine points. This season though he’s seen his role diminished to the point where he plays fewer than 17 minutes a night.

Toronto has been clear in their pursuit of defense since last season, and even added another Penguins Stanley Cup champion in Ron Hainsey this offseason. Cole’s $2.1MM cap hit is a very palatable number for teams in their situation, pressed up close to the cap ceiling.

Colorado has been a surprising team this season even after trading Matt Duchene away, and find themselves at 11-9-2 through the early part of the year. Though they’ve added several young defensemen to the organization in the past few months, a player like Cole could add some stability if he came with a long-term extension.

For Vegas, it does seem like a poor match. Though they do have some of the assets that Pittsburgh would be after, they already have too many defensemen on the roster and in the organization and would need to move some out before taking on a player like Cole. The fact that he’s a free agent at the end of the season works with their salary structure, but buying at the deadline doesn’t make sense for their long-term health.

Pittsburgh has been scratching Cole recently because of the trade talks, and Mackey believes that the deal will be completed quickly. Whether it is with one of those three teams or someone else is unclear, and what the Penguins are looking for in return is still anyone’s guess. They have been looking for help at center all season, and players like Tyler Bozak, Carl Soderberg or Jon Marchessault could be potential options from the above trio. Obviously those three examples come with different trade values, but help down the middle seems like the most likely result of the deal for the Penguins.

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