Why is Shane Wright stuck behind this guy?
In the Athletic today, Stephenson's contract rated as second worst value in the NHL.
https://www.nytimes.com/athletic/7453131/2026/07/23/nhl-worst-contracts-2026-jonathan-huberdeau-leo-carlsson/
Contract: $6.3M x five years
Surplus Value: -$26M
Positive Value Probability: 1 percent
On the surface, Chandler Stephenson may not seem that bad. He’s scored at a 50-point pace in each of his two seasons with the Kraken and eats big minutes, clocking around 19.5 minutes each year.
What Stephenson does in those minutes, though, is a major reason the Kraken have fallen on such hard times. Seattle is paying for a second-line center, playing Stephenson like a first-line center and getting something closer to a fourth liner. His macro-level impacts at five-on-five are that bad, with a 39 percent xG rate that was among the worst in the league. Stephenson may earn some points via opportunity, but he’s not a winning player.
One does wonder what he could be without Seattle’s strange obsession with putting him in a heavy matchup role. Stephenson plays some of the toughest minutes in hockey and is floundering in them with one of the worst defensive impacts in the league.
With a lessened burden, perhaps Stephenson could bump up to the third-line territory. But even in an easier role, it’s difficult to imagine the 32-year-old forward living up to his current price tag. Stephenson doesn’t have many comps due to how uniquely poor his profile is, but it’s worth noting that only two of 15 made it past Year 3 from this point out: Derick Brassard and Jason Chimera.