The annual whirlwind following the Stanley Cup Final is a sight to behold. We witness the hopeful anticipation of the NHL Draft, followed swiftly by the often-unpredictable flurry of Free Agency. Players change addresses, cap space vanishes (or stubbornly remains), and the hockey world collectively exhales, declaring the “busy part” of the summer concluded. The calendar flips, and the league narrative shifts towards the idyllic imagery of “cottage season.”
But for general managers, capologists, and players facing uncertain futures, summer is far from a complete vacation. While the major free agent dominoes have mostly fallen, a substantial amount of intricate business is still very much on the table. From the structured formality of arbitration hearings (scheduled from July 20 to August 4) to the continuous, often quiet, hum of trade discussions, the work persists. The September training camp looms, and there are critical decisions that must be made before then.
So, what exactly keeps the lights on in NHL front offices during these ostensibly tranquil weeks? It boils down to a few key areas: resolving outstanding restricted free agent (RFA) contracts, navigating the complexities of the salary cap, exploring potential late-summer trades, and simply laying the groundwork for the upcoming season, hoping internal growth will fill any remaining gaps.
Contract Crucials: The RFA and UFA Dance
While unrestricted free agency grabs headlines, securing RFAs and anticipating future unrestricted free agents (UFAs) are arguably more vital tasks for long-term team building. Several teams face significant RFA negotiations. Anaheim, for instance, needs to lock up key young pieces like goaltender Lukas Dostal and forward Mason McTavish. There`s an interesting dynamic here, reportedly driven by GM Pat Verbeek, who seems keen on making players “earn” long-term commitments, preferring team-friendly structures.
Buffalo finds itself in a more precarious situation with defenseman Bowen Byram. After acquiring him, they must negotiate a deal, but arbitration could open the door for him to reach UFA status sooner. Adding to their list of impending contract sagas is hometown star Alex Tuch, entering the final year of his deal and eyeing a significant raise.
Dallas has its own high-stakes discussions with forward Jason Robertson and defenseman Thomas Harley, both RFAs in 2026 but eligible for extensions now. Robertson, a proven scorer, has even been linked to trade rumors, highlighting the tension between player value and contract demands. As one analyst noted, the Stars likely have a cap number they don`t want to exceed, and the question is whether Robertson`s demands align.
Even teams perceived as “done” might have contract items on their plates. Columbus needs to negotiate with young star Adam Fantilli, though he has another year on his entry-level contract, providing some breathing room. For contenders like Edmonton, the biggest contract watch is arguably the league`s biggest name: Connor McDavid is eligible to re-sign now. While there`s no immediate panic, every week without a new deal adds a layer of intrigue.
Then there are the players entering the final year of large deals who could become UFAs next summer. LA Kings veterans Anze Kopitar (nearing career end) and Adrian Kempe (in his prime, coming off a leading offensive season) present contrasting negotiation puzzles. Carolina`s Martin Necas, acquired recently, is also in his contract year before potential UFA eligibility – a critical situation for a contending team that doesn`t want to lose an asset for nothing.
Cap Space Conundrums: Opportunity or Constraint?
Cap space, or the lack thereof, dictates much of the summer strategy. Teams with significant room (Anaheim, Chicago, Columbus, Calgary, Detroit) have options but aren`t necessarily rushing to spend. Chicago, focusing on Connor Bedard`s development, has been quiet, seeking internal growth rather than forcing external additions. Calgary GM Craig Conroy seems patient, preferring to wait for the “right” deal that fits the plan rather than spending just because it`s free agency.
Detroit`s approach under Steve Yzerman appears deliberately patient, focusing on drafting and development. They reportedly aimed for bigger fish in free agency but missed out, reinforcing their reliance on prospects. This strategy, while consistent, faces increasing scrutiny after a step back last season.
Conversely, cap-strapped teams face a different kind of summer. Florida, fresh off a Stanley Cup win, is currently over the cap. They must find a way to become compliant, potentially using Long-Term Injured Reserve (LTIR) if Matthew Tkachuk`s injury requires it, or exploring trades like moving forward Evan Rodrigues, whose name has surfaced in rumors. Dallas also has limited space, relying on internal growth as their GM noted. Edmonton has minimal space left, limiting their ability to make significant external additions and potentially prompting minor moves to adjust their roster structure, perhaps in goal.
Lingering Trade Possibilities and Roster Adjustments
While the post-draft/free agency trade market is often slower, key pieces can still move. Rasmus Andersson in Calgary is entering the final year of his deal, making him a prime trade candidate, whether it happens this summer or closer to the trade deadline. The Flames GM isn`t afraid of “doing something big” but has his targets in mind.
Carolina has already made significant moves, acquiring players like Nikolaj Ehlers and K`Andre Miller by trading draft capital and prospects, essentially using future assets to fill current roster needs. Their challenge now is finding a second-line center, a notoriously difficult position to fill, especially when many other teams are looking for the same.
Los Angeles made several veteran additions (Corey Perry, Cody Ceci, Brian Dumoulin, etc.) in an effort to improve their depth and make them “harder to play against,” particularly after being exposed in their playoff series. As their GM put it:
I believe we`re better. We`re in a window right now where, in my opinion, the team can compete with the best in the NHL.
The reception to these moves has been mixed among the fanbase, sparking debate on whether these adjustments are sufficient to truly contend.
Even teams like Columbus, who reportedly swung and missed on some bigger free agent targets, might still be looking for pieces, specifically mentioning the need for a goalie who doesn`t require waivers, potentially through a trade.
Looking Ahead to Arbitration and Camp
The upcoming arbitration period offers a formal process for resolving some RFA disputes, but the outcomes can sometimes create new pressures or trade opportunities. For teams with players filing for arbitration (like Buffalo with Byram), the results can shape future contract strategy.
Ultimately, the goal of these remaining summer weeks is to finalize rosters as much as possible before training camps open in September. Some teams are relying heavily on prospects seizing opportunities (Detroit, Chicago, Calgary), while others are hoping their strategic acquisitions and retention efforts were sufficient to meet their objectives, whether that`s making the playoffs (Anaheim, Buffalo) or contending for the Cup (Colorado, Florida).
The “cottage season” might be a pleasant thought, but the reality of the NHL off-season grind means the work continues. Critical decisions on contracts, cap space, and roster composition are still actively being made, shaping the competitive landscape for the season ahead. The quiet period isn`t just downtime; it`s the final, painstaking assembly phase before the puck drops again.