Arizona Coyotes general manager John Chayka addressed trade rumours regarding Pittsburgh Penguins winger Phil Kessel this week, telling Arizona Sports Radio 98.7 that he hasn't reached out to the Penguins on a potential deal, but the reason for that had nothing to do with the team's budget.

"I’d like to know more about it, too," Chayka said of a report that financial reasons excluded the Coyotes from landing Kessel. "I think it’s terrible reporting. It’s inaccurate across the board from start to finish. I don’t know where some things come up. I’m the one having trade discussions, those discussions with the Penguins haven’t occurred. So unless someone else is making calls that I don’t know about, I’m not sure where his information is coming from.

"To speculate on our economics I think is unfair. We're trying to build out our group here and we've got a young group. We're trying to build through the draft and develop. I’m not sure where it’s coming from, but the basis of that reporting is not coming from anything tied to the Coyotes and certainly not anywhere close to factual."

The Coyotes have been linked to Pittsburgh Penguins winger Phil Kessel due to the winger's familiarity with Coyotes head coach Rick Tocchet, while Josh Yohe of The Athletic reported Tuesday though that a hold up in any Kessel trade would be the Coyotes' desire to stay near the floor of the salary cap next season.

According to CapGeek.com, the Coyotes have $56.9 million committed to the salary cap for next season, they carried a team cap hit of just under $60 million - the cap floor was $55.4 million - this past season.