NHL free agency is an annual period of excitement and uncertainty, where teams vie for the services of available players to bolster their rosters. The 2025 edition promises to be no different, with several high-profile players potentially hitting the open market. As general managers prepare their strategies and players weigh their options, here's a snapshot of what to expect.
Key Dates and Events
The 2025-26 league year officially begins, and free agency opens on July 1st. This is the date when unrestricted free agents (UFAs) can officially sign with any team. June 27th and 28th will see the 2025 NHL Draft take place, with the first round on June 27th. Qualifying offers to pending restricted free agents (RFAs) must be made by June 30th. The first buyout period ends on June 30th. July 5th is the deadline for player-elected salary arbitration notification. July 15th is when qualifying offers expire.
Potential Impact Players
The UFA class of 2025, while not as star-studded as some years, still features impactful players across various positions.
Rumors and Potential Landing Spots
Teams with Cap Space
Several teams are armed with significant cap space to make a splash in free agency. The Carolina Hurricanes, for instance, have a considerable amount of cap space. Teams with cap issues include Colorado, Dallas, and Tampa Bay.
Restricted Free Agents (RFAs)
In addition to the UFAs, several notable RFAs will be looking for new contracts. Gabriel Vilardi, JJ Peterka and Noah Dobson are among the RFAs due for pay raises. Teams must decide whether to extend qualifying offers to their RFAs by the specified deadline to retain their rights.
Navigating the Market
General managers will need to be strategic in their approach to free agency. With the salary cap expected to rise, there will be more financial flexibility. Some teams may look to offer sheets to RFAs, while others might focus on bargain signings to fill specific needs.
