NHL Hockey Player News

The Blues have signed Nolan Stevens to a one-year, two-way contract extension.

Stevens was a fifth-round pick in 2016 and has spent the last three years in the AHL. The 25-year-old forward had six goals and 12 assists (18 points) in 27 games with Utica last year. Look for Stevens to start the 2021-22 season in the AHL once again.

Nolan Stevens
The Lightning have signed Gemel Smith to a two-year, two-way contract extension.

Smith only played in eight games between the AHL and NHL in 2021. The 27-year-old had three assists in five games with the Lightning but sat out as a healthy scratch most of the time. With some key bottom-6 players hitting the free agent market, Smith could have a spot on the roster to start the 2021-22 season.

Gemel Smith
The Avalanche have signed Kiefer Sherwood to a one-year contract.

Sherwood split his 2020-21 campaign between the AHL and NHL. Sherwood played as a point-per-game player with 16 points (10G / 6A) in 16 games with the Colorado Eagles (AHL) but struggled to find the same level of offence with the Avalanche. Depending on what the Avlanahce do with their $20.26M in cap-space, Sherwood could have a spot on the NHL roster to start 2021-22 season.

Kiefer Sherwood
The Sharks have signed Rudolfs Balcers to a two-year contract extension worth $3.1 million ($1.55M AAV).

Balcers was claimed off of waivers from the Senators in January and went on to score eight goals and nine assists (17 points) in 41 games with San Jose. Balcers showed he was capable of playing in the Sharks' top-6 at times in 2021 but is probably best suited to play on their third-line.

Rudolfs Balcers
The Rangers have signed Barclay Goodrow to a six-year contract worth $21.85M ($3,642M AAV)

Goodrow won back-to-back Stanley Cups with the Lightning but they did not have the cap-space to keep him around for the future. He was acquired by the Rangers for a seventh-round pick on July 19th and signed a six-year extension a few days later. He brings very little offensively but will be a huge part of the Rangers' bottom-6 and penalty kill.

Barclay Goodrow
The Red Wings have signed Alex Nedeljkovic to a two-year contract worth $6.0 million ($3.0M AAV).

The Red Wings acquired Nedeljkovic from the Hurricanes and immediately signed him to a two-year contract. Nedeljkovic led the NHL in GAA and SV% in 2020-21 and helps solidify the Red Wings' crease moving forward and gives them a young goalie to build around.

Alex Nedeljkovic
The Oilers have signed Mike Smith to a two-year contract extension.

Smith struggled in 2020 but the Oilers brought him back for 2021 and he flourished. At age-38, Smith went 21-6-2 with a 2.31 GAA and .923 SV% in 32 games and will head into 2021-22 as the Oilers' No.1 starting goalie with a more certain future after signing a two-year contract.

Mike Smith
Thr Red Wings have signed Michael Rasmussen to a three-year contract extension.

Rasmussen played almost the entire 2020-21 NHL season in the NHL, scoring three goals with nine assists (12 points) in 40 games. The former No.9 overall pick (2017) made serious strides this season and will look to be an important part of the Red Wings' middle-6 in 2021-22.

Michael Rasmussen
The Kraken have signed Chris Driedger to a three-year, $10.5 million contract.

Driedger's selection in the Expansion Draft was the worst kept secret of the process. The 27-year-old has been outstanding over the last two seasons, leading the NHL in GAA (2.07) and SV% (.931) while going 21-8-4 in 34 starts. Driedger will get a shot to be a No.1 for the first time in his career with Vitek Vanecek serving as his backup.

Chris Driedger
The Kraken have signed Adam Larsson to a four-year, $16 million contract.

Larsson was a UFA but was selected by the Kraken in the Expansion Draft and promptly signed to a four-year deal with a $4.0M AAV cap-hit. In his five seasons with the Oilers, Larsson averaged four goals, 13 assists, 256 hits and 159 blocked shots per 82 games. He doesn't bring a lot of offence to the Kraken but will be a steady part of their top-4 in their first year.

Adam Larsson
The Seattle Kraken have signed Jamie Oleksiak to a five-year, $23 million contract.

Oleksiak found a comfort zone on a pairing with Miro Heiskanen in Dallas but was selected in the Expansion Draft and signed to a five-year deal with a $4.6M AAV cap-hit. Oleksiak brings a little offence, scoring nine goals with 15 assists (24 points) in 125 games over the last two seasons. However, it's the physicality that the 6-foot-6, 255 lbs. blueliner brings that Kraken fans will love--Oleksiak ranks sixth among defensemen in hits (301) over the last two seasons.

Jamie Oleksiak
The Wild have signed Joseph Cramarossa to a two-year, two-way contract extension.

Cramarossa split his 2021 season between the NHL and AHL. He finished with one assist in four games with the Wild and two goals and one assist in eight games with Iowa (AHL). The 28-year-old has bounced around the league quite a bit since turning pro in 2013 but will stick with the Wild for another two seasons.

Joseph Cramarossa
The Ducks have signed Alexander Volkov to a one-year contract extension.

Volkov was traded to the Ducks last March, finishing the 2021 season with seven goals and six assists (13 points) in 37 games between Tampa Bay and Anaheim. The 23-year-old is poised for a middle-6 spot with the Ducks to start 2021-22.

Alexander Volkov
The Stars have signed Miro Heiskanen to an eight-year, $67.6 million contract extension.

After three years in the NHL, Heiskanen ranks 33rd among blueliners with 95 points (28G / 67A) in 205 games. His raise will make him the sixth-highest paid defenseman (as of now) in 2021-22 with an $8.45M AAV cap-hit. Heiskanen is an absolute workhorse for the Stars, ranking ninth in the NHL in TOI/gm (24:58) last season.

Miro Heiskanen

NHL Free Agents: Best Available Players in 2025

Once the dust settles on the Stanley Cup Final, the NHL offseason officially commences as the latest wave of free agents hit the market as teams and players alike reevaluate their current situation and plot their next steps toward success.

With a plethora of talent up for grabs every summer, Stanley Cup contenders can be formed as well as broken up through free agency. With NHL signings going down at a breakneck pace throughout the opening days of free agency, we’ll keep you in the loop with our 2025 NHL free agency tracker. You can find all of the latest NHL signings of the free agency period as players switch teams, sign extensions, and change the outlook of the league with a single decision.

Whether you’re a diehard fan of your favourite team and are looking to stay up to date with every move made by the front office, or are an avid daily fantasy sports bettor that wants to prep for their wagers, our NHL free agency tracker is the best destination for all your free agent market news.

Types of Free Agent Markets

Each NHL free agent holds their own unique distinction when signing with a team. These distinctions are made based on a number of factors including age, NHL experience, as well as their current contract situation. NHL free agents are divided by restricted and unrestricted free agents, with each classification of player holding varying rights, including how teams are able to offer them contracts, and the results of receiving an offer.

Below, we take a deep dive into each type of NHL free agent so you can get a thorough understanding of each free agent market type, how they are able to sign with teams, and the possible outcomes from each offseason acquisition.

Restricted Free Agents

A restricted NHL free agent (RFA) is a player that is either under the age of 27 or has been in the NHL for less than seven seasons. Teams hold a form of protection over their restricted free agents, providing them with a sort of insurance if their RFA decides to sign with a new team.

While restricted free agents are technically eligible to sign a new contract with different teams, the process can become messy if a team other than their original squad makes them an offer and they accept. Restricted free agents are only able to sign a standard NHL contract with the team that currently owns the players rights, all other squads must submit an offer sheet if they want to lure away a player from their team. If an offer sheet is made to an RFA, the team who holds the players rights will be left with the option to either match the offer made to their player, or allow the player to sign with the team that made the offer sheet, in return receiving draft compensation depending on the value of the contract offered.

Qualifying Offers

In order for a team to retain a player’s rights heading into the free agency period, they must make a qualifying offer to the player. These offers are in the form of a one-year contract, with the amount offered being formulated depending on the value of their previous contract.

For any player who was on a deal worth $660,000 or less, the qualifying offer they receive must be worth 110% the amount of their previous season’s salary. For a player making between $660,000 and $1,000,000, they must be offered 105% their previous seasons salary. Finally, if a player was making more than $1 million in their previous year of duty, their team must offer them 100% of their previous season’s salary.

These offers are not final and players are eligible to receive greater or lesser valued contracts from the team that holds their rights once free agency begins. Players who reject qualifying offers remain restricted free agents.

Non-Qualified RFAs

If a team decides to not submit a qualifying offer to a restricted free agent on their roster, all non-qualified RFAs instantly become free agents and are welcome to sign contracts with any team come July 1st.

Unrestricted Free Agents

The other form of NHL free agent is the unrestricted free agent (UFA). UFAs have the right to sign their next deal with any team without restriction, as long as the offer they sign complies with league salary cap mandates and rules. Unrestricted free agents are truly what can shake up the free agent market, with many of the leagues top stars entering into the offseason as UFAs.

There are multiple forms of unrestricted free agents, each with their own unique classifications, but don’t necessarily affect the potential value of the contracts offered to them in the offseason. Below are two of the most common UFAs.

Group 3 UFAs

Common among NHL veterans, Group 3 comprises players entering free agency that are 27 or older, or have played in the NHL for more than seven accrued seasons. An accrued season is defined as a season in which a player has suited up for action on an NHL roster in at least 40 games (30 for goalies). Any player that fits this criteria will become an unrestricted free agent once their contract expires in the following offseason.

Group 6 UFAs

Another way that players can become an unrestricted free agent is by being 25 years of age or older and to have played three or more professional hockey seasons under an NHL contract (AHL, ECHL, Europe), but played in less than 80 NHL games (28 for goalies) in their career. Often, Group 6 unrestricted free agents are developing players that, for one reason or another, have not had the chance to crack into an NHL lineup, but still possess experience as a high-level player. There is no difference in the rights of Group 3 and Group 6 unrestricted free agents, but typically the latter will receive smaller contracts, both in terms of value as well as in duration.

Undrafted UFAs

The final way that a player may enter into free agency as an unrestricted free agent is by going undrafted in their three years of draft eligibility. If a player is not selected by an NHL franchise through the draft they are still eligible to crack into a final roster as a free agent.

NHL Free Agency FAQs

Who are the top NHL free agents in 2025?

Some of the top NHL free agents available this summer are Mitch Marner, Mikko Rantanen, Aaron Ekblad, Nikolaj Ehlers, John Tavares, Brock Boeser, Brad Marchand and Linus Ullmark.

This offseason will bring a stacked crop of free agents to the market that will shape the landscape of the 2025-26 NHL season. Not only will the final landing spots for each of the top 2025 NHL free agents shake up the framework of the league, but will also have major implications on the upcoming fantasy hockey season. Be sure to stay in the know in regard to the latest free agency updates with our NHL player news.

What time does free agency start?

On July 1st, 2025, at 12 PM EST, the 2025 NHL free agency period officially opens. While some players will have all but signed the dotted line up to this point, nothing can become official until noon on Canada Day.