Schmidt needs to waive his no-trade clause to facilitate the deal, Dreger adds.
There are four seasons remaining on the 30-year-old's contract, which carries an annual cap hit of $5.95 million, according to CapFriendly.
The Canucks acquired Schmidt from the Vegas Golden Knights last offseason for a 2022 third-round pick, meaning Vancouver essentially rented him for one year.
His lone season with the Canucks didn't go as planned, as he recorded just 15 points over 54 games, and Schmidt's underlying numbers plummeted.
Prior to joining the Canucks, Schmidt enjoyed a stellar three-year run with the Golden Knights, averaging 41 points per 82 games.
Here's the Jets' current blue-line depth chart:
|Josh Morrissey||Neal Pionk*|
|Brenden Dillon||Nate Schmidt|
|Logan Stanley*||Dylan DeMelo|
|Ville Heinola||Sami Niku|
*Restricted free agent
The Canucks, meanwhile, are likely looking to clear cap space to re-sign pending restricted free agents Elias Pettersson and Quinn Hughes. Hughes, Myers, and the newly acquired Oliver Ekman-Larsson are the only proven commodities currently under team control on Vancouver's blue line.
Copyright © 2021 Score Media Ventures Inc. All rights reserved. Certain content reproduced under license.