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NHL Trades

The Senators acquired Graeme Clarke from the Capitals for Wyatt Bongiovanni.

Clarke was originally drafted by the Devils but has spent the last two seasons in the Wild and Capitals organizations. The 24-year-old winger has appeared in just three career NHL games, spending the entire 2025-26 season in the AHL, where he has 24 points (15G / 9A) in 50 games. He'll report to Belleville (AHL).

Graeme Clarke
Colorado has acquired Nazem Kadri (20% retained) and a 2027 4th round pick from Calgary for Victor Olofsson, Max Curran, a 2028 1st round pick, and a conditional 2nd round pick.

Kadri's name had circulated in trade rumours for weeks and was finally traded in a last-minute deal before the deadline to a team he had tremendous success with, the Colorado Avalanche. Kadri scored a career-high 87 points (28G / 59A) in 71 games with the Avalanche in the 2021-22 season en route to a Stanley Cup Championship. Now in his age-35 season, Kadri has remained an effective player, scoring 41 points (12G / 29A) in 61 games with Calgary.

Nazem Kadri
Calgary has acquired Victor Olofsson, Max Curran, a 2028 1st round pick, and a conditional 2nd round pick from Colorado for Nazem Kadri (20% retained) and a 2027 4th round pick.

Olofsson was productive in brief stints with Colorado's top powerplay unit, but has primarily been a bottom-six player with the team this season. The 30-year-old Swedish forward has 25 points (11G / 14A) in 60 games. He scored a career-high 49 points (20G / 29A) in 72 games with the Buffalo Sabres in the 2021-22 season.

Victor Olofsson
Calgary has acquired Max Curran, Victor Olofsson, a 2028 1st round pick, and a conditional 2nd round pick from Colorado for Nazem Kadri (20% retained) and a 2027 4th round pick.

Curran was a fifth round pick of the Colorado Avalanche in the 2024 NHL Entry Draft that has impressed over the past two seasons in the WHL. The 19-year-old Czech forward has 41 points (14G / 27A) through 31 games with the Edmonton Oil Kings (WHL) this season.

Maxmilian Curran
Buffalo has acquired Tanner Pearson from Winnipeg for a 7th round pick.

Buffalo bolstered their offensive depth at the deadline, adding Tanner Pearson, as they have their sights set on ending a long playoff drought. The 33-year-old Pearson averaged 10:53 time-on-ice and scored 13 points (7G / 6A) in 52 games with Winnipeg this season.

Tanner Pearson
Washington has acquired Timothy Liljegren from San Jose for a 2026 4th round pick.

Liljegren was acquired mid-season by the San Jose Sharks in 2024-25, but his stay was short lived after being dealt to the Washington Capitals ahead of the 2025-26 deadline. The 26-year-old defenseman averaged 20:08 time-on-ice and scored 11 points (1G / 10A) in 43 games with San Jose this season.

Timothy Liljegren
St. Louis has acquired Dmitry Buchelnikov, Justin Holl, a 2026 1st round pick and a 2026 3rd round pick (SJS) from Detroit for Justin Faulk.

Buchelnikov was a second-round pick of the Red Wings in the 2022 NHL Entyr Draft that has yet to make his professional North American debut. The 22-year-old forward has 23 points (13G / 10A) in 38 games with CSKA Moscow (KHL) this season.

Dmitry Buchelnikov
Los Angeles has acquired Scott Laughton from Toronto for a conditional 3rd round pick.

Laughton was acquired by the Toronto Maple Leafs ahead of the 2024-25 trade deadline and has been flipped before the 2025-26 deadline, heading to the Los Angeles Kings. The 31-year-old Laughton averaged 13:40 time-on-ice and scored 12 points (8G / 4A) in 43 games with the Maple Leafs this season.

Scott Laughton
Boston has acquired Lukas Reichel from Vancouver for a 2026 6th round pick.

Reichel has had trouble making an impact at the NHL level and joins the Boston Bruins, his third team this season. The 23-year-old forward has five points (2G / 3A) in 19 games split between the Chicago Blackhawks and Vancouver Canucks this season.

Lukas Reichel
Washington has acquired David Kampf from Vancouver for a 6th round draft pick.

Kampf had his contract terminated by the Toronto Maple Leafs earlier this season and pleased reasonably well in a bottom-six role after joining the Vancouver Canucks. The 31-year-old Czech forward is averaging 15:02 time-on-ice and has six points (2G / 4A) in 38 games this season.

David Kampf
St. Louis has acquired Jonathan Drouin, Marcus Gidlof, a 2026 1st round pick (COL) and a 2026 3rd round pick (NJD) from New York for Brayden Schenn.

Drouin never really fit the Islanders' style of play and will ultimately get a fresh start after being traded to the St. Louis Blues. The 30-year-old Drouin scored 21 points (3G / 18A) in 55 games with the Islanders this season, but only had two points (0G / 2A) in his last 19 games.

Jonathan Drouin
The Islanders have acquired Brayden Schenn from St. Louis for Jonathan Drouin, a 2026 1st round pick (COL), a 2026 3rd round pick (NJD) and Marcus Gidlof.

After nine seasons with the St. Louis Blues, Schenn will join his fourth NHL team after being acquired in a trade by the New York Islanders. The 34-year-old Schenn will add some grit and goal scoring to an Islanders team trying to secure a spot in the postseason. In 61 games with the Blues this season, Schenn scored 28 points (12G / 16A) and recorded 138 hits.

Brayden Schenn
Calgary has acquired Ryan Strome from Anaheim for a 2027 7th round pick.

Strome has one year remaining on his contract after this season and hopes that a change of scenery can help him improve his offensive production after a trade to the Calgary Flames. After five consecutive seasons with over 40 points, the 32-year-old Strome has struggled in the 2025-26 season with the Anaheim Ducks, scoring only eight points (3G / 6A) through 33 games.

Ryan Strome
St. Louis has acquired Justin Holl, Dmitiri Buchelnikov, a 2026 1st round pick and a 2026 3rd round pick (SJS) from Detroit for Justin Faulk.

Holl, a veteran of 396 career NHL games, has spent the entire 2025-26 season in the AHL. The 34-year-old defenseman scored 14 points (2G / 12A) in 41 games with the Grand Rapids Griffins (AHL) this season and could be in line for a larger opportunity with the Blues.

Justin Holl
Detroit has acquired Justin Faulk from St. Louis for Justin Holl, Dmitiri Buchelnikov, a 2026 1st round pick and a 2026 3rd round pick (SJS).

Faulk has had an excellent season for a struggling St. Louis Blues team and will join the Detroit Red Wings as they continue their late-season push to return to the postseason. The 33-year-old averaged 22:30 time-on-ice, recording 32 points, 102 blocks, and 49 hits in 61 games with the Blues this season.

Justin Faulk
Seattle has acquired Bobby McMann from Seattle for a 2027 2nd round pick and a 2026 4th round pick.

McMann, an impending UFA, has been in frequent trade rumours leading up to the deadline, which came to fruition on Friday in a deal to the Seattle Kraken. The 29-year-old McMann averaged 15:19 time-on-ice, recording 32 points (19G / 13A), and 135 hits in 60 games with the Maple Leafs this season.

Bobby McMann

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.