NHL Trades

The Islanders have acquired Emil Heineman, a 2025 first-round pick (No.16 overall) and a 2025 first-round pick (No.17 overall from the Canadiens for Noah Dobson.

Heineman is no stranger to being included in big trades, he was traded to Calgary as a part of the Sam Bennett trade, then traded to Montreal as a part of the Tyler Toffoli trade, and now to the Islanders for Noah Dobson. The 6-foot-2, 198 lbs winger was a full-time NHLer in 2024-25, and finished with 18 points (10G / 8A), 64 SOG and 173 hits in 62 games while playing just 11:24 TOI/gm. He'll likely fill a similar bottom-6 role with the Islanders.

Emil Heineman
The Canadiens have acquired Noah Dobson from the Islanders for Emil Heineman, a 2025 first-round pick (No.16 overall) and a 2025 first-round pick (No.17 overall).

Dobson had a breakout 70-point campaign in 2023-24, but followed that up with just 39 points (10G / 29A) in 71 games last season. Some of that can be attributed to the Islanders' power-play dipping from 19th (20.4%) to 31st (12.6%), resulting in 12 fewer power-play assists. In Montreal, he'll be a huge minute eater, but a bounce-back fantasy season could be tougher to come by because of Lane Hutson. Obviously, they could end up together on the top PP unit, but he's now got significantly more competition for PP time, even if it wasn't always fruitful in New York.

Noah Dobson
The Capitals have acquired Justin Sourdif from the Panthers for a 2026 2nd Round Pick and a 2027 6th Round Pick.

Sourdif was a third-round pick (No.87 overall) in the 2020 NHL Draft, who has appeared in just four NHL games since. In 2024-25, he spent most of the season in Charlotte (AHL), where he had 34 points (16G / 18A) in 43 games. Sourdif will likely battle for a bottom-6 role with the Capitals in training camp.

Justin Sourdif
Minnesota has acquired Cameron Butler from Columbus for Brendan Gaunce.

Minnesota made a minor trade on Thursday after acquiring winger Cameron Butler from Columbus for forward Brendan Gaunce. Butler is a 23-year-old undrafted right-winger who made his only NHL appearance in 2023-24 with the Blue Jackets. He struggled to produce offensively in 2024-25, only scoring two goals and three points in 37 games played.

Cameron Butler
Columbus has acquired Branden Gaunce from Minnesota for Cameron Butler.

Columbus acquired a depth forward on Thursday after trading for Branden Gaunce from Minnesota for AHL forward Cameron Butler. Gaunce, 31, spent most of 2024-25 as a healthy scratch for the Wild, which led to him only putting up an assist and a -4 plus/minus in 12 games played. He returns to familiar territory in Columbus, where he spent three seasons between 2021-2024 and had 12 points in 59 games played.

Brendan Gaunce
Florida has acquired Daniil Tarasov from Columbus for a 2025 5th-round pick (160th overall).

Florida acquired its new backup goaltender for the upcoming 2025-26 season on Thursday after picking up Daniil Tarasov from Columbus for a 2025 5th-round pick (160th overall). The 26-year-old, whose dad has ties back in Russia with Sergei Bobrovsky, struggled in 2024-25 with the Blue Jackets, posting an ugly 7-10-2 record alongside his 3.54 GAA and .881 SV%.

Daniil Tarasov
Seattle has acquired Frederick Gaudreau from Minnesota for a 2025 4th-round pick.

Minnesota has shed $2.1 million in salary after trading Frederick Gaudreau to the Seattle Kraken for a 2025 4th-round pick (102nd overall) on Thursday. The 32-year-old center spent four seasons in Minnesota, most recently putting up 18 goals and 37 points after appearing in all 82 games played in 2024-25. He is expected to take a bottom-six role with Seattle in the 2025-26 season.

Frederick Gaudreau
The Sabres have acquired Michael Kesselring and Josh Doan from the Mammoth for JJ Peterka.

Two days before the NHL Draft, Buffalo has moved on from 23-year-old JJ Peterka by acquiring Josh Doan and Michael Kesselring on Wednesday night. Kesselring will join his third organization after being drafted by Edmonton in the sixth round of the 2018 draft (164th overall) and debuting with Arizona in 2022-23. The 25-year-old has the potential to be a top-four defenseman as shown by his seven goals, 29 points, 89 PIMs and 150 SOG in 82 GP with Utah in 2024-25.

Michael Kesselring
The Sabres have acquired Josh Doan and Michael Kesselring from the Mammoth for JJ Peterka.

After just 62 games with Utah and Arizona, Josh Doan has been acquired alongside Michael Kesselring by Buffalo for JJ Peterka on Wednesday. The 23-year-old right-winger was Arizona's 2021 2nd-round pick (37th overall) and made an impressive debut in 2023-24 with five goals and nine points in his first 11 games played. He struggled to find the same offensive spark last year, but still put up seven goals, 19 points and 88 SOG in 51 games played in his sophomore campaign.

Josh Doan
The Mammoth have acquired JJ Peterka from the Sabres for Josh Doan and Michael Kesselring.

With rumours circulating all week that Buffalo was looking to move a few key players, Utah swooped in late Thursday by acquiring the rights to JJ Peterka for forward Josh Doan and defenseman Michael Kesselring. Minutes after the trade, Utah announced they had signed Peterka to a 5-year extension worth $7.7M AAV ($38.5M total). The 23-year-old right-winger has made consistent 18-point jumps in each of his first three NHL seasons, finishing 2024-25 with 27 goals, 68 points and 173 SOG in 77 GP after 50 points in 82 games the year before.

JJ Peterka
The Canucks have acquired Evander Kane from the the Oilers for a 2025 4th round pick.

The Oilers did not retain any of Kane's $5.125 cap hit, giving them some much-needed cap space to work with this offseason. Kane missed all of the 2024-25 regular season but was solid in the Oilers' postseason run to the Stanley Cup Final, posting 12 points (6G / 6A), 47 SOG and 95 Hits in 21 games. He'll now get a chance to suit up for his hometown team, his fifth NHL franchise of his career.

Evander Kane
Philadelphia has acquired Trevor Zegras from Anaheim for Ryan Poehling, a 2025 2nd-round pick (45th overall), and a 2026 4th-round pick.

Philadelphia added yet another flashy forward on Monday after they acquired Trevor Zegras from Anaheim for Ryan Poehling, a 2025 2nd-round pick (45th overall), and a 2026 4th-round pick. The 24-year-old forward is in the final year of a three-year, $17,230,000 contract and will cost Philadelphia $5.75 million AAV in 2025-26. Zegras will be looking for a reset after averaging over 60 points in his first two full seasons in Anaheim, followed by only 18 goals and 47 points in his previous 88 games played across the last two years.

Trevor Zegras
Anaheim has acquired Ryan Poehling, a 2025 2nd-round pick (45th overall) and a 2026 4th-round pick from Anaheim for Trevor Zegras.

Poehling finds himself on his third team in seven seasons after the forward was acquired from Anaheim alongside a 2025 2nd-round pick (45th overall) and a 2026 4th-round pick from Anaheim for Trevor Zegras. The 26-year-old Poehling put up career highs in nearly all categories last season, with 12 goals, 31 points and 16 PIMs in 68 games played.

Ryan Poehling
The Kraken have acquired Mason Marchment from the Stars for a 2026 3rd Round Pick and a 2025 4th Round Pick.

Marchment will be in the final year of a four-year deal that carries a $4.5M AAV cap-hit. The Stars are pressed up against the salary cap, so Marchment is their first move to clear some space. The 30-year-old winger was on pace for a career-best season in 2024-25, but missed 20 games due to injury. He finished the year with 47 points (22G / 25A) in 62 games, a 29-goal, 33-assist pace.

Mason Marchment
The Predators have acquired Erik Haula from the Devils for Jeremy Hanzel and a 2025 4th-round pick.

After three seasons with the Devils, Haula has been traded to Nashville, where he played during the 2021 season. Haula has one more year left on a three-year deal that carries a $3.15M AAV cap-hit. The 34-year-old forward had 11 goals and 10 assists (21 points) in 69 games last season.

Erik Haula
Boston has acquired the rights to Victor Soderstrom from Chicago for Ryan Mast and a 7th-round pick.

Soderstrom spent 2024-25 playing professional hockey for Brynas IF (SHL) but has had his rights traded from Chicago to Boston for Ryan Mast and a 7th-round pick. The 24-year-old Swedish defenseman was Arizona's 1st-round pick in 2019 (11th overall) and has 11 points in 53 career NHL games played.

Victor Soderstrom

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.