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The NHL’s salary arbitration window opened Monday in Toronto, and so far the story of hearing season is how few hearings are actually happening. Cases keep settling before an arbitrator hears a word — which sharpens the focus on the Dallas Stars and Jason Robertson, now five days from a July 25 hearing (per TSN) that both sides have signaled they would rather never reach.

The settlement pattern is unmistakable. The Philadelphia Flyers signed Jamie Drysdale to a four-year, $26 million deal on Friday, three days before what would have been Monday’s opening case. The Winnipeg Jets got Cole Perfetti done at five years and $30 million ahead of his date. And the St. Louis Blues signed Connor McMichael — who shared Robertson’s July 25 hearing slot — to a six-year, $40.5 million extension more than a week early. Of the 15 players who elected arbitration this summer, most have already come off the docket. Robertson’s case is the one with record stakes still attached.

The numbers explain why. Robertson led Dallas with 96 points last season and tied for the team lead with 45 goals. Sportsnet’s Elliotte Friedman reported on his 32 Thoughts podcast earlier this month that the sides remain roughly $2 million apart, and that an arbitrator’s award would likely blow past the largest in league history — the one-year, $7.5 million deal handed to Shea Weber in 2011. An award would also come with strings Dallas cannot control: because Robertson is one year from unrestricted free agency, an arbitrator can only impose a one-year contract, and no trade protection attaches to it. That would leave the Stars’ leading scorer trade-eligible all season and unrestricted next July.

Stars radio reporter Bruce LeVine said earlier this month his gut feeling is the saga ends before the hearing date, one way or another. My read is the same, and hearing week is exactly why. Arbitration is an adversarial process — the team stands up and argues its best scorer’s shortcomings into the record. Three franchises decided this month that the argument wasn’t worth having with players far less central than Robertson. The next five days tell us whether Dallas believes it can keep him past next spring, or whether a 50-win roster starts planning for life without its 96-point winger.

For fantasy purposes, Robertson’s floor barely moves either way: a 45-goal, 96-point winger keeps first-line and top-power-play deployment wherever this lands. The dynasty wrinkle is the calendar — a one-year award puts him on an expiring deal with no trade protection, so keeper managers should hold but watch for a midseason address change, and revisit his power-play context if a trade materializes.

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