The Washington Capitals have continued its busy trade deadline day.
The Capitals bolstered their forward corps yet again on Monday, acquiring Johan Larsson from the Arizona Coyotes in exchange for a third-round pick in the 2023 draft.
As part of the trade, the Coyotes have agreed to retain 50 percent of Larsson's $1.4 million cap hit for the remainder of the year.
The Capitals add one of the most underrated depth players in the entire NHL in Larsson. The 29-year-old has produced elite defensive results in a shutdown role on the Coyotes over the past couple of years, managing to chip in the occasional offensive contribution in the process, with Larsson sitting with 15 points in 29 games so far this season.
Despite being handed the majority of Arizona's defensive zone starts throughout his tenure in the desert, Larsson has still found a way to drive play to an impressive degree while surrounded by a league-worst team.
Place him on either of the Capitals' bottom two lines, and the sky's the limit for Larsson's impact heading into the playoffs, giving Washington's lineup the depth that it was sorely lacking for most of this season.
Larsson will be an unrestricted free agent at year's end, so he may be a pure rental. But Larsson's positive underlying numbers and the relatively palatable asking price he's expected to command, it wouldn't be a major surprise to see the Capitals attempt to re-sign the Swede if he performs well in the playoffs.
For the low price of a third-round pick, which wouldn't have materialized in any tangible form until after the Capitals exited their contention window, that is some tidy business.