NHL Signings & Free Agents

The Red Wings have signed Klim Kostin to a two-year contract worth $4.0 million ($2.0M AAV).

Kostin was acquired from the Oilers earlier in the week and signed a two-year deal with the Red Wings, where he'll bring some offence and grit to their bottom-6. After being traded from St. Louis to Edmonton early last season, Kostin tallied 21 points (11G / 10A) and 157 hits across 57 games with the Oilers.

Klim Kostin
Seattle has signed Joey Daccord to a two-year, $2.4 million contract extension ($1.2 million AAV).

Daccord was 2-1-1 with a 3.14 GAA and .900 SV% in 2022-23 with the Kraken and has signed a two-year, $2.4 million contract extension ($1.2 million AAV). The 26-year-old goaltender was Ottawa's 7th round draft pick in 2015 (199th overall) and has appeared in 19 NHL games over four season, posting a 3-9-2 record, 884 SV% and 3.64 GAA.

Joey Daccord
Los Angeles has signed Taylor Ward to a one-year, two-way $775,000 contract extension.

Ward had nine goals, 17 assists, 46 PIMs and a -20 plus/minus through 71 games with Ontario in 2022-23 and has signed a one-year, two-way $775,000 contract extension. The 25-year-old undrafted right-winger has yet to make his NHL debut after joining the Reign from the University of Nebraska-Omaha (NCAA) in 2021-22.

Taylor Ward
Vegas has signed Adin Hill to a two-year, $8.8 Million contract extension ($4.9 million AAV).

Hill led Vegas to it's first ever Stanley Cup with an impressive 11-4-0 record in the playoffs to go along with a 2.17 GAA and .932 SV% and has earned himself a two-year, $8.8 Million ($4.9 million AAV) contract extension. The 27-year-old netminder enjoyed a strong but brief regular season in 2022-23 with the Golden Knights, posting a 16-7-1 record, 2.50 GAA and .915 SV% in his first season with Vegas.

Adin Hill
The Blackhawks have signed Corey Perry to a one-year, $4 million contract

Perry's rights were traded to the Blackhawks' earlier Thursday for a seventh round draft pick from Tampa Bay and he has signed a one-year, $4 million contract with Chicago. The 38-year-old had 12 goals, 13 assists, 116 SOG, 95 PIMs and a -28 plus/minus through 81 games with Tampa Bay in 2022-23. The veteran right-winger will begin his 19th NHL season in 2023-24, representing his fifth team with the Blackhawks.

Corey Perry
The Devils have signed Shane Bowers to a one-year, two-way deal.

Bowers' rights were traded from Boston to New Jersey on Monday, and he inked a one-year deal on Thursday. The 23-year-old made his NHL debut with Colorado last season but spent most of the year in the AHL. Bowers had eight goals and 13 assists (21 points) in 57 games between Colorado (AHL) and Providence (AHL). He should start 2023-24 with Binghamton (AHL).

Shane Bowers
The Senators signed Jacob Larsson to a one-year, two-way contract extension.

Larsson spent most of 2023 in the AHL, where he had 17 points (4G / 13A) in 55 games with Belleville. During his time with Ottawa, he was held pointless with four shots and seven hits in seven games. It sounds like the Senators couldn't get Travis Hamonic re-signed, so they re-signed Larsson to maintain the blueline depth.

Jacob Larsson
The Blackhawks have acquired Josh Bailey and a 2026 2nd Round Pick from the Islanders for future considerations.

Bailey has one year left on a contract with a $5.0M cap hit. Bailey is overpaid for his current production level, having posted just 25 points (8G / 17A) in 64 games last season. For the Blackhawks, Bailey helps them get to the cap floor and provides more veteran leadership on a team going through a transition period.

Josh Bailey
San Jose has signed Eetu Makiniemi to a one-year, $775,000 contract extension.

Makiniemi played in two NHL games in 2022-23, with a 1-0-1 record, 2.13 GAA and .906 SV% with San Jose and has signed a one-year, $775,000 contract extension. The 24-year-old goaltender was Carolina's 2017 fourth round pick (104th overall) and made his NHL debut in 2022-23 with the Sharks.

Eetu Makiniemi
The Maple Leafs have signed Pontus Holmberg to a two-year, $1.6 Million extension ($800,000 AAV).

Holmberg had five goals, 13 points, 27 SOG, and 18 PIMs through 37 games with Toronto in 2022-23 and has signed a wo-year, $1.6 Million extension ($800,000 AAV). The 24-year-old was Toronto's 2018 sixth round pick (156th overall) and made his NHL debut as a rookie last season.

Pontus Holmberg
Vegas has signed Ivan Barbashev to a five-year, $25 Million contract extension ($5,000,000 AAV).

Barbashev had 16 goals, 29 assists, 126 SOG, 42 PIMs and a +1 plus/minus through 82 games in 2022-23 with Vegas and St. Louis and has signed Ivan Barbashev to a five-year, $25 Million contract extension ($5,000,000 AAV). The 27-year-old centre has collected 84 goals, 194 point and 134 PIMs through 433 NHL games played.

Ivan Barbashev
Brayden Pachal has signed a two-year, $1.55 Million contract extension ($775,000 AAV).

Pachal had two assists, 18 SOG, eight PIMs and a +2 plus/minus through 10 games in 2022-23 with Vegas and has signed a two-year, $1.55 Million contract extension ($775,000 AAV). The 23-year-old defenseman was signed as an undrafted free agent by the Golden Knights originally, and has played in 12 NHL games since.

Brayden Pachal
Timo Meier has signed an eight-year, $70.4 Million ($8,800,000 AAV) contract extension.

Meier had 40 goals, 26 assists, 327 SOG, 43 PIMs and a -19 plus/minus through 78 games with both New Jersey and San Jose in 2022-23 and has Timo Meier has signed an eight-year, $70.4 Million ($8,800,000 AAV) contract extension. The 26-year-old right-winger was acquired by New Jersey at the trade deadline in 2022-23 that included four players and three draft-picks. He has amassed 163 goals and 330 points across 472 career NHL games played.

Timo Meier
The Flames have signed Yegor Sharangovich to a two-year deal worth $6.2 million ($3.1M AAV).

Sharangovich was acquired on Tuesday as a part of the trade that sent Tyler Toffoli to the Devils. The 25-year-old forward saw his role diminish last season, and his offensive output drop as a result. In Calgary, he should serve as a middle-6 winger with 25-25 upside.

Yegor Sharangovich
Gustav Olovsson has signed a two-year, two-way contract ($775,000 AAV) with Seattle.

Olofsson failed to pick up a point across three games with Seattle in 2022-23 but has six SOG and a +1 plus/minus and has signed a two-year, two-way contract worth $775,000 AAV at the NHL level. The 28-year-old defenseman has 11 assists through 62 career games played for three NHL teams in five seasons.

Gustav Olofsson
Evgenii Dadonov has signed a two-year, $4.5 Million contract extension ($2.25 Million AAV) with Dallas.

Dadonov had seven goals, 26 assists, 110 SOG, 18 PIMs and a -8 plus/minus through 73 games with both Dallas and Montreal through 2022-23 and has signed a two-year, $4.5 Million contract extension ($2.25 Million AAV) with the Stars Tuesday. The 34-year-old right-winger was acquired by Dallas in February and succeeded with three goals and 15 points in 23 games.

Evgenii Dadonov
Pierre-Luc Dubois has signed a eight-year, $68 Million ($8,500,000 AAV) contract with the Los Angeles Kings.

Dubois had 27 goals, 36 assists, 205 SOG, 77 PIMs and a +5 plus/minus through 73 games played with Winnipeg in 2022-23 and has been traded to the Los Angeles Kings for Gabe Vilardi, Alex Iafallo, Rasmus Kupari and a 2nd Rd pick. The 25-year-old centre has signed a eight-year, $68 Million ($8,500,000 AAV) contract with the Los Angeles Kings.

Pierre-Luc Dubois
The Blackhawks have signed Nick Foligno to a one-year deal worth $4.0 million.

The Blackhawks acquired the rights to Foligno from the Boston Bruins along with Taylor Hall on Monday and signed the veteran winger to a one-year deal on Tuesday. Foligno doesn't pack the same offensive punch he once did in Columbus but is a terrific veteran presence for a Blackhawks team going through a transitional period. Foligno had 26 points (10G / 16A) in 60 games with the Bruins in 2022-23.

Nick Foligno
Jeremy Davies has signed a one-year, two-way contract through the 2023-24 season.

Davies had 11 goals, 12 assists, 90 PIMs and a +4 plus/minus through 66 games with Rochester (AHL) in 2022-23 and has signed a one-year, two-way contract through the 2023-24 season. The 26-year-old defenseman has appeared in 23 NHL games picking up three assists since being drafted in the seventh round (192 overall) by the New Jersey Devils in 2016.

Jeremy Davies

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.