NHL Hockey Player News

The Kraken have signed Chandler Stephenson to a seven-year contract worth $43.75 million ($6.25M AAV).

The final big piece of the free agent market has signed in Seattle as the Kraken signed Chandler Stephenson to a seven-year contract worth $43.75 million ($6.25M AAV). The 30-year-old smooth skating centre had spent the last five years in Vegas and had 16 goals, 51 points and 25 PIMs in 75 games played in 2023-24.

Chandler Stephenson
The Predators have signed Scott Wedgewood to a two-year deal worth $3.0 million ($1.5M AAV).

Nashville has locked up its backup goaltender for the 2024-25 season after signing Scott Wedgewood to a two-year deal worth $3.0 million ($1.5M AAV). The 31-year-old will join his fourth team in seven seasons after putting up an impressive 16-7-5 record in 2023-24 with a .285 GAA and .899 SV% backing up Jake Oettinger.

Scott Wedgewood
The Predators have signed Jonathan Marchessault to a five-year deal worth $27.5 million ($5.5M AAV).

Another team legend is heading to Nashville as Jonathan Marchessault signed a five-year deal worth $27.5 million ($5.5M AAV) to join the Predators. The 33-year-old will join Steven Stamkos as one of two massive offseason acquisitions for the Predators. The centre completed his seventh season in Vegas in 2023-24 and had 42 goals and 69 points in 82 games played.

Jonathan Marchessault
The Canucks have signed Derek Forbort to a one-year deal worth $1.5 million.

Vancouver added to its defensive depth as it signed journeyman defenseman Derek Forbort to a one-year, $1,500,000 contract. The 32-year-old found himself in and out of Boston's lineup in 2023-24 but had four assists, 17 PIMs and a +8 plus/minus in 35 games played.

Derek Forbort
The Panthers have signed Tomas Nosek to a one-year deal worth $775K.

The reigning Stanley Cup Champions have added to their defensive depth on Monday as they added winger Tomas Nosek to a one-year deal worth $775,000. The 31-year-old veteran is entering his 10th NHL season with his fifth team and had two goals and six points in 36 games with New Jersey in 2023-24.

Tomas Nosek
The Hurricanes have signed Tyson Jost to a one-year deal worth $775K.

Tyson Jost will spend his ninth NHL season with Carolina after the depth winger signed a one-year deal worth $775,000 on Monday. The 26-year-old was a one-time 1st round pick (2016 - 10th overall) but has struggled since being acquired by Buffalo two years ago. In 2023-24 he struggled to find himself consistently in the Sabres' lineup which led to three goals and six points in 43 games played.

Tyson Jost
The Flames have signed Jake Bean to a two-year deal worth $3.5 million ($1.75M AAV).

Jake Bean will join his third team in six NHL seasons on Monday as he signed a two-year deal worth $3.5 million ($1.75M AAV) with Calgary. The 26-year-old appeared in 72 games for Columbus in 2023-24 and had four goals, 13 points, 32 PIms and a -10 plus/minus.

Jake Bean
The Red Wings have signed Cam Talbot to a two-year deal worth $5.0 million ($2.5M AAV).

Talbot will join his eighth team in 12 seasons after he signed a two-year, $5 million contract ($2,500,000 AAV) with the Red Wings on Monday. The 36-year-old appeared in his most games since 2017-18 (54) and had a 27-20-6 record, .913 SV% and 2.50 GAA with Los Angeles.

Cam Talbot
The Avalanche re-signed Jonathan Drouin to a one-year deal worth $2.5 million.

Drouin will return to Colorado for a second season and his 11th NHL season after he signed a one-year, $2.5 million extension with the Avalanche. The 29-year-old resurrected his career in 2023-24 by signing a one-year, $825,000 contract and put up a career-high 56 points (19G/37A) in 79 games played.

Jonathan Drouin
The Stars have signed Matt Duchene to a one-year deal worth $3.0 million.

Matt Duchene will return to Dallas after an incredibly successful first season with the Stars in 2023-24 after signing a one-year, $3.0 million on Monday. The 33-year-old just completed his 15th NHL season and had 25 goals and 65 points in 80 games played in 2023-24.

Matt Duchene
The Flames have signed Yegor Sharangovich to a five-year extension worth $28.75 million ($5.75M AAV).

Sharangovich will remain in Calgary after signing a five-year contract extension worth $28.75 million ($5,750,000 AAV) on Monday. The 26-year-old had an incredibly successful first season in Calgary in 2023-24 after spending three seasons in New Jersey, with 31 goals, 59 points and a -29 plus/minus through 82 games played.

Yegor Sharangovich
The Senators have signed Noah Gregor to a one-year deal worth $850K.

Gregor will leave the Maple Leafs but stay in Ontario after signing a one-year, $850,000 deal with Ottawa on Monday. The 25-year-old will join his third team in three seasons after putting up six goals, 12 points, and 110 SOG in 63 games played with Toronto in 2023-24.

Noah Gregor
Utah has signed Kevin Connauton to a two-year deal worth $1.55 million ($775K AAV).

Utah added to its defensive depth by adding 34-year-old Kevin Connauton to a two-year deal worth $1.55 million ($775K AAV) on Monday. The travelling defensemen last appeared in the NHL in 2021-22 with Philadelphia. In 2023-24, he was an assistant captain for Ontario (AHL) and had three goals and 18 points in 61 games played.

Kevin Connauton
The Maple Leafs have signed Matt Murray to a one-year deal worth $850K.

Matt Murray will remain a Toronto Maple Leaf after signing a one-year, $850,000 contract extension on Monday. The 30-year-old last appeared in the NHL in 2022-23 with Toronto but made three appearances with the Toronto Marlies (AHL) in 2023-24, putting up a 4.03 GAA and .846 SV%.

Matt Murray

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.