The Flyers’ pre-Fourth of July fireworks have officially become a dud.
On July 3, the team set off a bombshell when it tendered an offer sheet to Anaheim Ducks center Leo Carlsson. It came with a five-year contract worth an average annual value of $18 million. According to a league source, the deal was front-loaded with a heavy signing bonus — and signing bonuses every year of the deal. Carlsson would receive the league minimum in base salary every year, a deal Carlsson said was “too good to pass on.”
“It was an offer that 99% of people would sign too,” Carlsson told reporters on Thursday. “It’s a pretty simple answer. I really wanted to be here though. I really wanted them to match. I want to be an Anaheim Duck.”
That contract is now under control of the Anaheim Ducks, who matched the offer sheet on Thursday, a day before the 3 p.m. Friday deadline. The Ducks cannot trade Carlsson, who now has the highest AAV in the NHL, for one year.
“Did we expect the offer sheet to be this high? No. We did not see that one coming,” Verbeek told reporters on Thursday. “But we’re very confident, with the cap going up and the ability of Leo to make strides of improvement and become an elite player, we feel confident this contract will be a good one in the end.”
Did they leave enough cap space? The Ducks do have to re-sign restricted free agent Cutter Gauthier. But that is Anaheim’s problem now.
Carlsson was the type of top-line center the Flyers have been longing for since Claude Giroux was traded to the Florida Panthers in March 2022. Giroux, who was rumored to be interested in a return to the Flyers, inked a one-year deal to stay with the Ottawa Senators on Tuesday.
The offer sheet was always a long shot, but for a Flyers team that hopes its days at the bottom of the standings are done, it was one of scarce options. Since 2010, only nine players have signed an offer sheet, and six were matched. Top-six centers Sebastian Aho and Ryan O’Reilly, and now Carlsson, are among the group to be retained by their original team. The Flyers now have to pivot elsewhere to find a potential top-line center solution this offseason.
Aaron Portzline of The Athletic reported that Blue Jackets center Adam Fantilli, the No. 3 overall pick in 2023, could be the Flyers’ next target. Since Columbus is in the division, he would be difficult to pry away via trade, but could be amenable to an offer sheet. Fantilli was not eligible for arbitration.
Fantilli set career highs with 35 assists and 59 points in 2025-26. Across his 213 career games, Fantilli has 140 points (67 goals, 73 assists) but he hasn’t yet lived up to the high expectations of his record NCAA freshman season at Michigan, when he became just the third freshman to win the Hobey Baker Award as the nation’s top player, after Jack Eichel and Paul Kariya. That might make him easier to pry away, but the team runs the risk of giving up four first round picks for a middle-six player.
The Flyers are unlikely to make an attempt at the Chicago Blackhawks’ Connor Bedard, who is out for at least four months after undergoing shoulder surgery. The Blackhawks have nearly $30 million in cap space, per PuckPedia, and almost certainly would match any offer, assuming Bedard signed it.
Had the Ducks not matched the Carlsson offer sheet, the Flyers would have sent their next four first-round picks to Anaheim in return.
According to PuckPedia, the Flyers have a smidge over $29.5 million in cap space; however, that number includes center Jett Luchanko‘s contract ($941,667), and Flyers general manager Danny Brière told The Inquirer in early June that the expectation is he will be in Lehigh Valley of the American Hockey League. They still need to re-sign restricted free agents Trevor Zegras and Jamie Drysdale, who filed for arbitration on Sunday.
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