The NHL offseason is progressing rapidly, with most free agency moves and the 2025 NHL draft completed. The upcoming 2026 offseason might be even more eventful, but this summer saw plenty of talented players changing teams.
Shortly after securing the Stanley Cup for the second time, the Florida Panthers faced a challenging free agency period with key players Sam Bennett, Aaron Ekblad, and Brad Marchand. However, Panthers GM Bill Jeet used his savvy to lock in all three stars with multi-year contracts. Alongside the Panthers’ retention efforts, Mitch Marner, Nikolaj Ehlers, Noah Dobson, and Trevor Zegras also switched teams for the 2025-26 season.
Let’s break down the significant moves from this offseason:
Mitch Marner joined the Vegas Golden Knights through a sign-and-trade with Toronto, signing an eight-year deal with a $1.2 million cap hit annually. This move aligns with Vegas’s aggressive approach to acquiring top-tier talent, following stars like Jack Eichel and Mark Stone. Marner now has the chance to play alongside elite playmakers and boost Vegas’s Stanley Cup aspirations. Grade: A
Sam Bennett, a crucial player for the Panthers during their playoff run and Conn Smythe Trophy winner, signed an eight-year extension worth $800,000 annually. His presence is vital for Florida’s continued success. Grade: A
Aaron Ekblad, unexpectedly, also re-signed with the Panthers on an eight-year, $6.1 million per year deal, ensuring they keep their top defensive talent intact instead of losing him in free agency. Grade: B+
Brad Marchand, acquired from the Boston Bruins, added postseason experience and leadership to the Panthers. While his six-year, $5.25 million per season deal raises questions due to his age, his impact on the team culture is undeniable. Grade: B
Nikolaj Ehlers became the Carolina Hurricanes’ headline free agent signing, agreeing to a six-year, $8.5 million yearly contract. His scoring and speed fill a critical need for the Hurricanes as they look to challenge the Panthers in the Eastern Conference. Grade: A
Noah Dobson was traded to the Montreal Canadiens and signed an eight-year, $9.5 million extension. His two-way defensive skills bolster Montreal’s top four and can be pivotal if he returns to his prior peak form. Grade: B+
Vladislav Gavrikov joined the New York Rangers on a seven-year, $7 million annual deal to stabilize their defense alongside Adam Fox. However, with an aging roster and recent playoff misses, this signing may not be enough to bring the Rangers back to the postseason. Grade: B-
JJ Peterka signed a five-year, $7.7 million extension with the Utah Mammoths, adding valuable offensive depth after a breakout 68-point season. His presence helped Utah make the playoffs in their first Salt Lake City season. Grade: B+
Trevor Zegras moved to the Philadelphia Flyers in a trade, offering versatility and potential upside despite injury setbacks. As a manageable risk, Zegras could be a key player for coach Rick Tocchet’s rebuilding efforts. Grade: A
Carolina also secured defenseman Kandre Miller with an eight-year, $7.5 million contract after trading for him from the Rangers. The young two-way defender may provide valuable support without the pressure of top-pairing responsibilities. Grade: B-
Michael Granlund, a top free-agent center, signed a three-year, $700,000 deal with the Anaheim Ducks after being unable to return to Dallas. While offering needed forward depth, the contract is somewhat costly for the Ducks’ playoff aspirations. Grade: B-
Finally, veteran Jonathan Toews returned to the Winnipeg Jets on a one-year deal after a two-season hiatus, potentially bringing leadership to a team that won the Presidents’ Trophy. However, losing Ehlers to free agency is a setback for the Jets. Grade: C+
Fan Take: This offseason has been pivotal in reshaping the NHL landscape, with several key players securing long-term deals and moving to teams where they can make an immediate impact. Hockey fans should watch closely as these moves could lead to exciting shifts in team dynamics and playoff contenders, signaling a thrilling 2025-26 season ahead.
