San Jose has acquired the contract of Ryan Ellis, and a 2026 6th-round pick from Philadelphia for Carl Grundstrom and Artem Guryev. Ellis is in the 7th year of an eight-year, $50 million contract, but is not eligible to play due to a significant back injury, making this trade a salary dump for Philadelphia. Ellis's last NHL appearance was in the 2021-22 season.

After clearing waivers a week ago, Connor Ingram has been acquired by the Edmonton Oilers for future considerations, with Utah retaining $800K of Ingram's $1.95M AAV. The 28-year-old is just one season removed from appearing in 50 games with Arizona in 2023-24 after struggling with his 9-8-4 record, 3.27 GAA and .882 SV% last season. Ingram was assigned to Bakersfield (AHL) after the trade but is expected to return to Edmonton at some point this season.

After two forgettable seasons in Philadelphia, Ivan Fedotov will head to Columbus to occupy their third goaltender role after the Blue Jackets traded a 2026 6th-round pick for the goalie on Sunday. The 28-year-old towering netminder (6'7") struggled in his second season in Philadelphia, posting an ugly 3.15 GAA, .880 SV% alongside his 6-13-4 record.

Price and his $10.5 million contract have been acquired by the San Jose Sharks on Friday, alongside a 2026 5th-round pick for defenseman Gannon Laroque. This move is nothing more than a salary dump for Montreal and allows San Jose to stay even more above the cap floor than they already were, in case of trades down the line. Price played his last NHL game on April 29th, 2022 and is not expected to ever return from a significant knee injury.

Montreal shed Carey Price's $10.5 million contract alongside a 2026 5th round pick and acquired a 22-year-old Gannon Laroque from San Jose. Laroque was San Jose's 2021 4th-round pick (103rd overall) and spent his first pro season injured, playing only 18 total games between San Jose (AHL) and Wichita (ECHL) last season. He is expected to report to Laval for the 2025-26 campaign.

Gushchin, 23, was a third-round pick (No.76 overall) in 2020 and has appeared in 18 NHL games since, scoring two goals with three assists (five points). He spent most of the 2024-25 season in the AHL, where he was second on the San Jose Barracuda in goals (28) and third in points (51) in 56 games. He'll likely make a push for an NHL roster spot in training camp.

Olausson, 22, was a first round pick (No.28 overall) in 2021 and has appeared in just four NHL games since then. In 2024-25, he spent most of the season in AHL, where he had 11 goals and 15 assists (26 points) in 61 games. He'll likely see some NHL action at some point during the 2025-26 season, but will likely start the year back in the AHL.

Toronto continued to add to their forward depth on Thursday after the team announced they have traded a 2028 4th-round pick to Vancouver for left-winger, Dakota Joshua. The 28-year-old is in the 2nd year of a four-year, $13 million contract ($3.25M AAV) and should slide in nicely on Toronto's third line with his physical play style. Vancouver will be happy to shed the cap space after Joshua put up a disappointing seven goals and 14 points in 57 games played last season, while Toronto will be hoping he can return to his 2023-24 form (18G/32Pts) with a full, healthy training camp.

Stillman was the 29th overall pick of the New Jersey Devils in the 2021 NHL Entry Draft. The 22-year-old forward has yet to play an NHL game and has already joined his third organization. He had three points (1G / 2A) in 19 games with the Wilkes-Barre/Scranton Penguins (AHL) last season.

Silovs is a talented goalie who has battled inconsistencies and was buried on Vancouver's depth chart behind Thatcher Demko and Kevin Lankinen. He is coming off a terrific Calder Cup-winning postseason with the Abbotsford Canucks (AHL), posting a stellar 2.01 GAA and .931 SV% in 24 appearances (16-7). With the recent departure of Alex Nedeljkovic, Silovs could have an opportunity for a heavier workload at the NHL level this season.

San Jose acquired some grit and toughness late Thursday night when they announced they had traded 24-year-old defenseman Henry Thrun to Toronto for forward Ryan Reaves. Reaves is a 38-year-old enforcer entering his 16th NHL season and should find a spot in San Jose's bottom-six. He struggled to stick with Toronto last season, collecting just two assists and 28 PIMs in 35 games played.

Toronto added to its defensive depth late Thursday night after they acquired Henry Thrun from San Jose for 38-year-old enforcer Ryan Reaves. Thrun is a 24-year-old mobile defenseman entering his third full NHL season. He put up two goals and 12 points despite an ugly -23 plus/minus across 60 games with the Sharks in 2024-25. He will battle for one of Toronto's final defensive spots to start the season.

Dallas managed to move some much-needed salary on Thursday after trading Matt Dumba ($3.75M cap hit) and a 2028 2nd Round Pick to Pittsburgh for Vladislav Kolyachonok. Kolyachonok is a 24-year-old defenseman entering his fifth NHL campaign, having recorded two goals and seven points in 35 games played between Utah and Pittsburgh last season.

Pittsburgh took advantage of Dallas' need to shed salary on Thursday by acquiring Matthew Dumba and a 2028 2nd Round Pick from Dallas for Vladislav Kolyachonok. Dumba has been on the move often lately, joining his fifth team in the last four seasons, entering his 13th NHL season. In 63 games with Dallas in 2024-25, he had a goal, 10 points and 60 PIMs.

Minutes after being acquired by Edmonton in a trade with Tampa Bay for Sam O'Reilly, Isaac Howard has signed a three-year, entry-level contract with the Oilers. The 21-year-old forward was the 2025 Hobey Baker Award winner after putting up 26 goals and 52 points in 37 games with Michigan State University (NCAA). He is expected to be in Edmonton's opening night lineup.

With Tampa Bay expected not to sign Isaac Howard, they have traded his rights to Edmonton for Sam O'Reilly on Tuesday night. O'Reilly is a 19-year-old center who was drafted by Edmonton at the end of the 1st round (32nd overall) in the 2024 Draft. He put up 28 goals and 71 points in 62 games with London in his third OHL season and is expected to return for the Knights for the upcoming 2025-26 season.