Daily Faceoff is a news site with no direct affiliation to the NHL, or NHLPA

NHL Trades

Vegas has acquired Parker Wotherspoon (50% salary retained) from PIttsburgh for Kaeden Korczak.

Wotherspoon had a breakout 2025-26 season, playing predominantly alongside Erik Karlsson in Pittsburgh, recording 30 points (3G / 27A) and a +17 plus/minus in 80 games. The 28-year-old defenseman spent his first six professional seasons playing exclusively in the AHL before making his NHL debut in 2022-23 with the New York Islanders.

Parker Wotherspoon
Philadelphia has acquired the rights to Noah Philp from Carolina for the rights to Kyle Masters.

Philp is an undrafted forward that made his NHL debut in the 2024-25 season with the Edmonton Oilers. The 27-year-old was acquired by the Carolina Hurricanes midseason in 2025-26, but he only suited up in two games, spending most of his campaign in the AHL, recording 17 points (8G / 9A) in 29 games with the Chicago Wolves.

Noah Philp
Carolina has acquired the rights to Kyle Masters from Anaheim for the rights to Noah Philp.

Masters was a fourth-round pick of the Minnesota Wild in the 2021 NHL Entry Draft that has yet to play an NHL game. The 23-year-old defenseman spent the 2025-26 season in the ECHL, where he recorded three assists in 10 games with the Wichita Thunder.

Kyle Masters
The Devils acquired Ben Steeves, Evan Rodrigues, and Jesper Boqvist from the Panthers for Jacob Markstrom and Angus Crookshank.

Steeves is an undrafted forward who has yet to play an NHL game and will add some organizational depth to the New Jersey Devils. The 24-year-old had a solid 2025-26 season in the AHL, recording 45 points (23G / 22A) and 100 penalty minutes in 72 games with the Charlotte Checkers.

Ben Steeves
The Devils acquired Jesper Boqvist, Evan Rodrigues, and Ben Steeves from the Panthers for Jacob Markstrom and Angus Crookshank.

Boqvist has been a solid bottom-six forward in recent seasons and will add his talents to the New Jersey Devils in 2026-27. The 27-year-old Swedish forward averaged 11:50 time-on-ice and recorded 13 points (4G / 9A) last season in 73 games with the Florida Panthers. Boqvist has a Devils' draft pick, 36th overall in the 2017 NHL Entry Draft, and spent four seasons with the team between 2019 and 2023.

Jesper Boqvist
The Devils acquired Evan Rodrigues, Jesper Boqvist, and Ben Steeves from the Panthers for Jacob Markstrom and Angus Crookshank.

Rodrigues has been a reliable bottom-six forward for the Panthers the past few seasons, moving up the lineup when needed, but will get a fresh start in 2026-27, joining the New Jersey Devils. The 32-year-old forward has scored over 30 points in each of his past five seasons, including a 31-point campaign (11G / 20A) in 2025-26 in 69 games with the Panthers.

Evan Rodrigues
The Panthers acquired Angus Crookshank and Jacob Markstrom from the Devils for Evan Rodrigues, Jesper Boqvist, and Ben Steeves.

Crookshank has spent most of the past two seasons in the AHL and will add some organizational depth to the Florida Panthers' forward group. The 26-year-old scored 36 points (24G / 12A) last season in 60 games with the Utica Comets (AHL).

Angus Crookshank
The Panthers acquired Jacob Markstrom and Angus Crookshank from the Devils for Evan Rodrigues, Jesper Boqvist, and Ben Steeves.

The Panthers entered the postseason with neither of their goaltenders from the previous season under contract. Now, after acquiring Akira Schmid from the Vegas Golden Knights on Monday, they completed their goaltending tandem on Tuesday by acquiring Jacob Markstrom from the New Jersey Devils. The 36-year-old Markstrom has struggled with consistency throughout his career and is coming off an unencouraging 2025-26 season, during which he posted a pedestrian 3.07 GAA and .883 SV% in 44 appearances (23-19-1). That said, he will be joining a stronger defensive Florida Panthers team and hopes to return to the form he has had in previous seasons.

Jacob Markstrom
The Panthers have acquired Akira Schmid from the Golden Knights for a 2028 third-round pick.

The Panthers entered the postseason with neither of their goaltenders from the previous season under contract, looking to revamp the position, and Schmid was their first acquisition. The 26-year-old Schmid spent most of the 2025-26 season with the Vegas Golden Knights, earning a career-high 34 starts due to numerous injuries above him on the team's goaltending depth chart. That said, he was serviceable when called upon, posting a 2.59 GAA and .893 SV% with a 16-10-6 record.

Akira Schmid
Winnipeg has acquired Jack St. Ivany from Pittsburgh for David Gustafsson.

St. Ivany has split time between the AHL and NHL the past few seasons. He was on track to get a larger look with Pittsburgh in the NHL in 2025-26, but his season was derailed by injuries, playing just 20 games and recording seven assists. The 26-year-old defenseman will likely be vying for a position on Winnipeg's opening-night roster in the 2026-27 season.

Jack St. Ivany
Pittsburgh has acquired David Gustafsson from Winnipeg for Jack St. Ivany.

Gustafsson has been unable to establish himself as a full-time NHLer and will hope a change of scenery, joining the Pittsburgh Penguins, can inspire some confidence and more consistent play. The 26-year-old forward has played 149 career NHL games, all with the Winnipeg Jets, but he spent the entire 2025-26 season in the AHL, where he scored 32 points (10G / 22A) in 48 games with the Manitoba Moose.

David Gustafsson
Florida has acquired the rights to Radko Gudas from Anaheim for the rights to AJ Greer.

After three seasons in Anaheim, Gudas is set to become a UFA on Wednesday. Florida acquired his negotiating so they can get a head start on bringing him back. Gudas played with the Panthers from 2021 to 2023, where ehe had 44 points (7G / 37A) but more importantly for his brand of hockey, 917 hits and 314 blocked shots. He would likely settle into a third-pairing role if he signs with the Panthers at age-36.

Radko Gudas
Anaheim has acquired the rights to AJ Greer from Florida for the rights to Radko Gudas.

The Panthers acquired Garnet Hathaway from the Flyers to be A.J. Greer's replacement on the fourth line, so it's not surprising that they shipped out his rights. Greer is set to become a UFA on Wednesday, but the expectation is that he'll sign with Anaheim after they acquired his rights on Monday. Greer is coming off of the best offensive season of his career, having scored 17 goals with 15 assists (32 points) in 78 games while compiling 200-plus hits for the second straight season.

A.J. Greer
Utah has acquired Joshua Roy from Montreal for Maksymilian Szuber.

Roy had a couple tastes of the NHL in 2024, 2025 and 2026 seasons, picking up 11 points (6G / 5A) across 38 total games. He spent most of the 2026 season in the AHL, where he was second on Laval in goals (23) and fourth in points (45) in 57 games. In Utah, he will likely be fringe roster option for them as the enter training camp, with the AHL or the press box being his mostly likely landing spot early in the season.

Joshua Roy
Montreal has acquired Maksymillian Szuber from Utah for Joshua Roy.

Szuber was a sixth-round pick of the "Mammoth" in 2022 and has spent the last three seasons primarily in the AHL. In 2025-26, he had 11 goals and 16 assists (27 points) in 65 games with Tucson. This move provides some organizational depth on the blueline for the Habs, but expect Szuber to start the 2026-27 with Laval (AHL).

Maksymilian Szuber
Vancouer has acquired Brandan Gallagher (50% salary retained) from Montreal for future considerations.

After 14 seasons in Montreal, Brandan Gallagher has had his wish fulfilled and has been moved to Vancouver (50% salary retention) from Montreal for future considerations on Monday. The 34-year-old scrappy forward was a healthy scratch for the majority of the 2025-26 Stanley Cup Playoffs and will look for a new start in Vancouver after just seven goals, 23 points and 39 PIMs in 77 games last season.

Brendan Gallagher
Nashville has acquired Nils Hoglander from Vancouver for Colorado 2029 3rd round pick.

Hoglander had an impressive 2023-24 season in a bottom-six role with the Vancouver Canucks, scoring 36 points (24G / 12A) in 80 games, but has struggled to build off of that momentum and hopes a change of scenery can help him rediscover his scoring touch. The 25-year-old forward, the 40th-overall pick in the 2019 NHL Entry Draft, battled injuries last season, playing only 38 games and scoring just 5 points (2G / 3A).

Nils Hoglander
New York has acquired Ryan Healey from Minnesota in exchange for cash considerations.

Healey had just finished his fourth and senior season at Harvard (NCAA) but was trade from Minnesota to the Islanders on Saturday for cash considerations. The 22-year-old defensemen was Minnesota's 2022 4th round pick (121st overall) and had four goals, 12 points and 28 PIMs in 34 games with Harvard last season.

Ryan Healey
Carolina has acquired the rights to John Carlson from Anaheim for Kyle Masters and the 192nd pick in the 2026 draft.

Carolina will make an early attempt to get a first bid at coveted free agent defensemen John Carlson after it was announced mid draft Saturday that the Hurricanes had acquired the rights to Carlson from Anaheim for Kyle Masters and the 192nd pick in the 2026 draft. At the moment, the 36-year-old had not committed to the Hurricanes but would make a massive addition if he were to sign with the Stanley Cup Champions. He is entering his 18th NHL season after putting up 14 goals and 60 points in 71 games last season.

John Carlson
Anaheim has acquired Kyle Masters and a 2026 sixth round pick (192nd overall) from Carolina for the rights to John Carlson.

After appearing in 10 games for Wichita (ECHL) in 2025-26, Klye Masters finds himself on his way to Anaheim after being included with the 2026 sixth round pick (192nd overall) from Carolina for the rights to John Carlson. The 23-year-old found himself on the injured reserve for the end of his 2025-26 campaign due to a severe knee injury and will hope to turn a knew page in Anaheim for the upcoming season.

Kyle Masters

NHL Trade Tracker

Are you looking for all the latest NHL trade news from around the league? Then you’ve come to the right spot! Daily Faceoff’s NHL trade tracker provides up-to-the-minute updates on the latest personnel moves and trade rumours from all 32 franchises. When your favourite player gets dealt for future considerations, you’ll be the first to know!

Along with our NHL trade tracker, we also provide information on how hockey trades work, the strategy behind these moves, and how the latest NHL trades could impact your sports betting strategy.

It’s important for fans, sports bettors, and fantasy managers to stay informed on the latest NHL transactions. If you can keep tabs on the latest moves in the NHL, this can assist you in making intelligent pickups or trades in fantasy hockey and help shape your bets based on the new personnel added to a team.

NHL Trade Rules

NHL trades can be quite lucrative, with players, prospects, and draft capital moved to complete a deal. While there are a variety of ways to finalize trades, they all need to abide by the trade rules and regulations set by the league. Even the San Jose Sharks can’t take on everyone’s bad contracts.

Learn more about the rules around trades below so you can better understand how trades work, and the transactions made in our NHL trade tracker.

Salary Cap

In order for any NHL trade to be processed successfully, all parties involved must abide by the league’s salary cap rules. The current NHL salary cap is $88M, meaning that each team’s total payroll must fall within the budgetary restriction.

The salary cap in the NHL is considered a “hard cap,” meaning that no team can exceed it. While the limitations around roster construction can be strict, there are still ways for teams to legally exceed the set limit that won’t cost teams a first-round pick.

In the playoffs, teams are technically able to exceed their cap space through the long-term injured reserve (LTIR). The LTIR allows teams to place injured players on extended leave (24+ calendar days or 10 NHL Games) and fill their roster spots based on their cap space heading into the regular season.

If a player is on the LTIR heading into the postseason, they can be activated regardless of if their re-addition to the team puts them over the salary cap.

Roster Limit

For any active NHL roster, they can only dress 23 skaters. While they’re able to move players up and down through their farm system (AHL/ECHL/International Players), they must abide by this player limit when it comes to active players dressed in each game.

This plays a big factor in determining trades, as teams will need to make salaries work to make the move official and fit the current team’s available roster spots.

Depth is an incredibly important part of any successful NHL team, so filling out their roster with talented players is pivotal to their success. Each roster spot holds immense value.

NHL Trade Deadline

The NHL trade deadline is the last opportunity for teams to make moves between each other during the regular season. The trade deadline generally falls after the All-Star break so teams can make their last-ditch efforts before the playoffs begin. Players must be on the team’s roster by the deadline at 3 PM to be eligible for the NHL playoffs.

Technically, teams can still make trades after this point if they don’t qualify or have been eliminated from the postseason. These trades will not take effect until the next season, but the transactions can still go through.

The deadline can make or break a team’s playoff hopes, making it a dramatic and hectic period for hockey fans and managers alike. Be sure to regularly check back with our NHL trade tracker around the deadline so you don’t miss any latest moves from across the league.

Understanding the Strategy Behind NHL Trades

NHL teams may want to make a trade for a number of reasons. Often, teams make trades when they are looking to head in a certain direction, whether this means trying to improve and compete for the Stanley Cup or tank and enter a rebuild.

A team that feels it has a strong enough unit to make a deep run into the postseason will likely forgo some of its draft capital to acquire proven talent and enhance its winning capabilities.

Conversely, a team that has hit a wall in terms of success and doesn’t feel they have what it takes to compete in the playoffs may opt to trade away valuable assets in favour of draft picks or promising prospects.

Other NHL trade strategies may involve team culture/personnel fits. If a player doesn’t fit within a coach’s game plan or doesn’t have chemistry with his line mates, teams may opt to deal him to find a better fit.

For daily fantasy sports players or hockey bettors, understanding the logic behind NHL trades can play a big part in your success. If you have a solid understanding of a team’s needs and the value brought by particular players, you can use this to gain an edge on your roster moves and bets.

Check out the most recent roster moves from around the league with our NHL trade tracker, and be sure to analyze the strategy used by each team when making their next move.

How NHL Trades Impact Sports Betting

NHL trades can have a major impact on sports betting, both in terms of daily games and futures. Players moving from team to team can alter a squad’s potential success and on-ice production.

For example, if a team decides to trade their leading goal-scorer, you can rightfully assume that their overall scoring numbers may drop as a result. This means a team you once would’ve taken the Over on may be better suited for the Under due to their new lineup.

Acquiring an all-star player for futures bets can dramatically influence the betting lines, increasing one team’s value while dropping another. If you’ve already placed a futures bet and the team you wagered on makes a trade, this could possibly increase or lower the value of your original ticket, depending on the result of the roster change.
Daily fantasy hockey players can also be impacted by NHL trades as you will need to see how a player fits into their new setting before including them in your drafted lineup.
Be sure to watch for any of the latest transactions by using our NHL trade tracker to stay informed on all the roster changes occurring throughout the league.

NHL Trades FAQs

Who decides NHL trades?

NHL trades are decided between two or more team general managers. The front office’s job is building a winning team. Building a winning team means discussing trades with other general managers across the league.

When can players be traded in the NHL?

During the NHL regular season, players can be traded up until the trade deadline. The deadline is the official cutoff point for when teams can no longer make moves between each other. Players can also be traded throughout the offseason.

Why do they trade players in hockey?

Teams trade players in hockey for a variety of reasons, but generally, it is done to find success, whether that is in the short term or long term. Teams may trade their top players in search of draft picks if they are undergoing a rebuild, whereas contending teams may look to acquire talent to boost their playoff chances.

How often are NHL players traded?

Trades are a common occurrence throughout the NHL and happen often. Some years feature less trades than others, it all depends on each teams needs and the availability of attractive talent.