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NHL Signings & Free Agents

The Penguins have signed Mac Hollowell to a one-year, two-way contract.

Pittsburgh added to their offensive depth on Monday by signing Mac Hollowell to a one-year, two-way contract. The 25-year-old defensemen's last and only NHL appearance came with Toronto in 2022-23, where he had two assists in six games played. He spent the entire 2023-24 season with Hartford (AHL) and had three goals and 44 points in 64 games played.

Mac Hollowell
The Flames signed Devin Cooley to a two-year deal worth $1.55M ($775K AAV).

After making his NHL debut at the ripe age of 27 in 2023-24, Devin Cooley has earned himself a two-year, $1.55M contract ($775K AAV) from the Calgary Flames. The Californian netminder appeared in six games for San Jose at the end of the 2023-24 season, posting a 2-3-1 record, 4.98 GAA and a .870 SV%.

Devin Cooley
Utah has signed Ian Cole to a one-year deal worth $3.1 million.

Ian Cole will begin his 15th NHL season with his ninth team after signing a one-year, $3.1 million deal with Utah on Monday. The 35-year-old defensemen completed 70+ games for a third straight season after putting up two goals, 11 points, and 61 PIMs in 78 games with Vancouver in 2023-24.

Ian Cole
The Canucks have signed Vincent Desharnais to a two-year deal worth $4.0 million ($2.0M AAV).

After two strong seasons in Edmonton, Vincent Desharnais has signed a two-year deal worth $4 million ($2,000,000 AAV) with cross-country rival Vancouver. The 6'7" defensemen will add to the Canucks already towering defensive unit ater scoring one goal and 11 points in 78 games played.

Vincent Desharnais
The Avalanche have signed Jacob MacDonald to a two-year, two-way contract.

MacDonald will return to Colorado where he spent three seasons between 2020 and 2023 after signing a two-year, two-way contract on Monday with the Avalanche. The 31-year-old hybrid defenseman broke his career high in goals (7) in 2023-24, and finished with nine points and 23 PIMs in 34 games played.

Jacob MacDonald
The Penguins have signed Jimmy Huntington to a one-year, two-way contract.

25-year-old Jimmy Huntington has signed a one-year, two-way contract with Pittsburgh on Monday as he attempts to crack the NHL for the first time in his career. The travelling centre won a Calder Cup with Hershey (AHL) in 2023-24 after putting up 16 goals and 33 points in 67 games played during the regular season.

Jimmy Huntington
The Bruins have signed Jeffrey Viel to a two-year deal worth $1.55 million ($775K AAV).

After three seasons in San Jose, Jeffrey Viel will join Boston for some offensive depth after signing a two-year deal worth $1.55 million ($775K AAV). The 27-year-old spent the majority of 2023-24 with San Jose's AHL affiliate in the Barracuda, but appeared in four games with the Sharks, failing to pick up a point while averaging 9:10 TOI/GP.

Jeffrey Viel
The Bruins have signed Cole Koepke to a one-year, two-way contract.

Boston added to its offensive depth on Monday by signing Cole Koepke to a one-year, two-way contract through the 2024-25 season. The 26-year-old has appeared in 26 games between the last two seasons with Tampa Bay but had no goals, two assists, and nine SOG in nine games with the Lightning in 2023-24.

Cole Koepke
The Jets have signed Kaapo Kahkonen to a one-year deal worth $1.0 million.

Winnipeg has locked up their backup goaltender on Monday after signing Kaapo Kahkonen to a one-year deal worth $1 million. The 27-year-old Finnish netminder spent 2023-24 split between San Jose and New Jersey and had a 7-24-3 record to go with his .898 SV%, and 3.64 GAA.

Kaapo Kahkonen
The Hurricanes have signed Shayne Gostisbehere to a three-year contract worth $9.6 million ($3.2M AAV).

Gostisbehere will return to Carolina after one very successful season in Detroit after he signed a three-year contract worth $9.6 million ($3.2M AAV). The 31-year-old completed his 10th NHL season in 2023-24 and had 10 goals and 56 points in 81 games played.

Shayne Gostisbehere
The Sharks have signed Alex Wennberg to a two-year deal worth $10.0 million ($5.0M AAV).

San Jose continues key pieces during the offseason as they signed forward Alex Wennberg to a two-year deal worth $10.0 million ($5.0M AAV). The 30-year-old spent 2023-24 split between New York and Seattle and had 10 goals and 30 points in 79 games played.

Alexander Wennberg
The Canadiens have signed Juraj Slafkovsky to an eight-year deal worth $60.8 million ($7.6M AAV).

After a successful second career season in Montreal, Juraj Slafkovsky has signed an eight-year contract extension worth $60.8 million ($7.6M AAV). The 20-year-old was the 2022 1st overall pick and had 20 goals, 50 points, 55 PIMs, and 152 SOG in 82 games played in 2023-24. The 6'3" forward has 24 goals and 60 points in 121 career games played.

Juraj Slafkovsky
The Flames signed Martin Frk to a one-year, two-way deal.

Calgary has signed one of the league's hardest shooters Martin Frk on a one-year, two-way deal on Monday. The 30-year-old right-winger returns to North America after last playing in the NHL for Los Angeles in 2021-22 and spending 2023-24 with SC Bern (NL) and SC Rapperswil-Jona (NL).

Martin Frk
The Oilers have re-signed Corey Perry to a one-year deal worth $1.4 million.

After failing to win a Stanley Cup after reaching the finals for the fifth time in his career, Corey Perry is going to run it back with Edmonton after signing a one-year deal worth $1,400,000 AAV. The 39-year-old is entering his 20th NHL season after putting up 12 goals and 22 points in 54 games with Chicago and Edmonton in 2023-24.

Corey Perry
The Blackhawks have signed Craig Smith to a one-year contract worth $1.0M.

Chicago continued to add experience to its core on Monday as it signed 34-year-old Craig Smith to a one-year, $1 million contract. The veteran winger is entering his 14th NHL season and had 11 goals, 20 points, 33 PIMs and a +2 plus/minus in 75 games played with Dallas in 2023-24.

Craig Smith
The Blackhawks have signed Joey Anderson to a two-year contract worth $1.6 million ($800K AAV).

Anderson has spent the last two seasons in Chicago and will return for two more after he signed a two-year contract extension worth $1.6 million ($800K AAV). The 26-year-old is in his seventh NHL season and had five goals, 17 points, eight PIMs and a +5 plus/minus in 55 games in 2023-24.

Joey Anderson
The Flyers have signed Matvei Michkov to a three-year, entry-level contract.

Michkov surprised the hockey world by terminating his contract with SKA St. Petersburgh (KHL) and signing a three-year, entry-level contract with Philadelphia. The 19-year-old is Phildaelphia's 2023 1st-round pick (7th overall) and had 19 goals and 41 points in 47 games with HK Sochi (KHL) while on loan last season.

Matvei Michkov

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.