Amid Karlsson trade rumors, Ryan to return for Sens

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During Tuesday’s Insider Trading segment on TSN, Bob McKenzie noted that to trade for Erik Karlsson, a suitor might need to assume the mammoth contract of Bobby Ryan. Ryan, 30, hasn’t played since Feb. 1 and has been limited to 39 games this season because of hand/wrist injury issues that have been plaguing him for years.

Remarkably, a day after that report surfaced, it sounds like Ryan might make his return to the Senators lineup. The current plan is for Ryan to suit up for Ottawa on Thursday against the Tampa Bay Lightning, according to reporters including TSN’s Brent Wallace.

There are a number of remarkable things about this development.

Obviously, the timing stands out, as this comes on the heels of that report, not to mention less than a week before Feb. 26’s trade deadline. It’s even amusing that Ryan is slated to face the Lightning, a team that may very well decide that it’s worth it to go all-in and acquire Karlsson, even if it means taking on Ryan. Surely getting a look at him, up close and personal, wouldn’t hurt matters?

(Allow me to think out loud: if Ryan Callahan‘s $5.8 million was involved as well, would that grease the wheels a bit?)

There are a few ways things can go for Ryan.

LTIR bound?

For one thing, it’s difficult to ignore the possibility that the once-potent sniper might go the way of the LTIR mainstay, much like Nathan Horton, David Clarkson, and others before him. The Athletic’s Chris Stevenson went into exhaustive detail regarding the rather confusing scenarios for Ryan possibly being LTIR material here (sub required).

Even if Ryan’s fated to go on LTIR – which might be a necessity for a contender that already has big commitments, considering the fact that his $7.25M cap hit won’t expire until after 2021-22 – the Lightning or some other team might want to see what he can do now. Assuming they can make the cap hits work in 2017-18.

More in the tank?

It’s easy to forget that Ryan isn’t that far removed from some impressive goal-scoring days.

His last 20+ goal season came as recently as 2015-16, when he collected 22 in 81 games. He basically averaged 20 goals through his first three seasons in Ottawa, as Ryan totaled 63 from 2013-14 to 2015-16.

Ryan showed flashes of that brilliance during the Senators’ remarkable run within a goal of the 2017 Stanley Cup Final. He managed six goals and 15 points in 19 playoff games, including a brilliant OT-winner against the Penguins:

For once, the bounces were going Ryan’s way, as he enjoyed the best playoff work of his career and connected on 28.57 percent of his shots on goal. So, yes, those results were inflated … yet they came during the 2017 postseason. If healthy, is that unreasonable to imagine Ryan posting nice numbers in Tampa Bay and becoming more than just a throw-in? Could he help even if his injury luck continues to come and go?

If Ryan was forced to be part of a Karlsson trade, the dream scenario for the Lightning or another contender might be something like Clarke MacArthur‘s 2017 playoff run with Ottawa. Maybe Ryan contributes to a postseason push, then lands on LTIR?

One other thought

It’s important to note that trading Ryan wouldn’t necessarily be the best-case scenario for Ottawa. (It might be for owner Eugene Melnyk, mind you, as it’s basically an open secret that he’s very … cost-conscious at the moment.)

To accept Ryan’s contract – even at a discounted rate – a bidding team would likely give up less actual, beneficial pieces in a Karlsson trade. Perhaps ridding themselves off Ryan’s contract would cost the Senators a draft pick, prospect, or some other key piece? It’s certainly something to consider.

James O’Brien is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @cyclelikesedins.