A Stanley Cup champion has been crowned and all the draft picks have been made. Now it's time to settle a tentpole offseason event: Free agency.
Who's changing teams? Who's staying on with long-term extensions? What about a few trades?
Follow our updates all day long with the latest reports, rumors and signings here as the NHL embarks on its first offseason during a global pandemic.
Another defenseman signs (8:18 pm)
29-year old Torey Krug has played in Boston since 2011, but he's now moving to the St. Louis Blues. He's recorded at least 40 points in six of the last seven seasons. His deal is reportedly for seven years at $6.5 million.
TJ Brodie moves on (7:38 pm)
The longtime veteran is moving from Calgary to Toronto after spending the first 634 games of his NHL career with the Flames. His deal is for four years and a total of $20 million.
Caps add defenseman from the Penguins (3:57 pm)
The Capitals are once again turning to their bitter rivals to address their own roster, adding right defenseman Justin Shultz to a two-year deal worth $8 million. Shultz was prolific in Pittsburgh, record the second-most points for any of their defensemen in the last five seasons.
Plenty of goaltenders are still available (3:24 pm)
Several veteran netminders have signed cheap contracts early in the day. Still, there are several competent goaltenders available three hours into free agency.
Kevin Shattenkirk gets long-term deal (3:11 pm)
After bouncing around the league for seasons. Kevin Shattenkirk's 2020 is probably the best of his career. Not only did he hook up with Tampa Bay to win a Stanley Cup, but he signed a three-year deal for $11.7 million to get some security.
Oilers looking at multiple options in net (2:56 pm)
Edmonton knows that the goalie market is ripe but after missing out on Jacob Markstrom (Calgary) for now they are taking their time. The Oilers have checked in on Thomas Griess and Corey Crawford but nothing coming together yet based on Pierre LeBrun's latest reporting.
Anton Khudobin stays in Dallas (2:18 pm)
The Stars bring back their No. 2 netminder who helped lead them to the Stanley Cup Final this past season. Khudobin comes back on a three-year, $10 million deal according to Pierre LeBrun. One of the best one-two tandems with Ben Bishop stays in tact.
Caps make Lundqvist signing official (2:10 pm)
The worst-kept secret in hockey becomes official. Washington gets the experienced Henrik Lundqvist to pair nicely with youngster Ilya Samsonov.
Another forward heads to Edmonton (1:50 pm)
After getting bought out by the Nashville Predators, Kyle Turris agreed to terms on a two-year deal with the Oilers. While the forward has been well below his expected value on his original six-year, $36 million deal with the Predators, he still has a productive stick that can add even more offense.
Matt Murray stays in Ottawa (1:49 pm)
There's actually a goalie who isn't on the move at the start of free agency, granted this is regarding a player who was recently moved.
The Senators signed newly-acquired Matt Murray to a four-year, $25 million deal after trading for him from the Penguins.
Spending is way down in 2020
With an ongoing pandemic and a flat salary cap, teams simply aren't spending as much as they did a year ago.
In the first hour of free agency, teams spent nearly $300 million in 2020 than they did a year ago.
Holtby goes to Vancouver (1:17 pm)
Braden Holtby is officially leaving Washington. The Canucks inked the 10-year veteran and former Stanley Cup champion to a two-year, $8.6 million deal, according to multiple reports.
The Capitals recently signed Henrik Lundqvist to a one-year contract to back up Holtby's replacement, Ilya Samsonov.
Kevin Rooney to New York (1:10 pm)
After four years in New Jersey, Kevin Rooney is headed north on a two-year deal with the Rangers. Per Pierre LeBrun, the 27-year-old center will earn $1.5 million from New York.
Nathan Beaulieu stays with Jets (1:05 pm)
Winnipeg reportedly signs the 27-year-old to a two-year extension worth $2.5 million, per Stephen Whylo.
Talbot to Minnesota (1:01 pm)
Another goalie is off the market with Cam Talbot signing a three-year, $11 million deal to join the Wild. Talbot appeared in 26 games and started 22, putting up a .919 save percentage last season with the Flames.
Panthers snag young center (12:53 pm)
Shortly after securing Gudas to a three-year deal, the Panthers signed 25-year-old center Carter Verhaeghe on a two-year deal, per TSN's Darren Dreger.
Radko Gudas signs with Panthers (12:35 pm)
Gudas was expected to be on the move in free agency and it appears he's moving south. According to Elliotte Friedman, the 30-year-old defenseman is signing with the Panthers on a three-year, $2.5 million contract.
Gudas played in 63 games during his lone season in Washington, tallying 15 points and 164 hits.
Bobby Ryan to Detroit (12:23 pm)
Ryan won the Masterton trophy with the Senators last season.
Tampa lets go of Tyler Johnson (12:07 pm)
After winning the Stanley Cup, the Lightning are in salary cap jail and are tossing good players overboard, inlcuding center Tyler Johnson.
Elliotte Friedman reported Friday that Johnson was put on waivers by the Lightning. Johnson's camp reached out to Tampa with a list of 7-8 teams to trade him to, but they couldn't get a deal done, per Pierre LeBrun.
Wayne Simmonds heads home (12:07 pm)
It was reported earlier that Simmonds was eyeing two teams -- Toronto and Montreal -- for his next NHL home, and according to Pierre LeBrun, he's chosen the Maple Leafs.
Simmonds reportedly signs a one-year, $1.5 million deal to play for his hometown team.
Blackhawks re-sign two players (12:04 pm)
Per Stephen Whyno, the Blackhawks signed Domink Kubalik to a two-year $7.4 million extension and Malcolm Subban to a two-year, $1.7 million deal.
Capitals expected to sign Henrik Lundqvist to a one-year deal (11:50 am)
The Capitals have been linked to Lundqvist for days leading up to the start of free agency and appear to have a deal in place for the 38-year-old. Per ESPN's Emily Kaplan, Lundqvist plans to sign a one-year deal with Washington after being bought out by the Rangers.
Washington will pay Lundqvist $1.5 million next season, according to TSN's Bob McKenzie. He is expected to back up newly anointed start Ilya Samsonov following the expected departure of Braden Holtby.
Paul Stastny traded to Winnepeg (11:46 am)
The Jets get the No. 2 center they've been looking for from the Golden Knights and give up Carl Dahlstrom and a conditional fourth-round pick, per NHL.com.
Stastny is entering the final season of a three-year, $19.5 million deal he signed with Vegas in 2018.
Wayne Simmonds eyeing two teams (11:34 am)
Free agent winger Wayne Simmonds has reportedly narrowed his list of teams down to two. According to TSN's Pierre LeBrun, Simmonds is looking at the Maple Leafs and Canadiens for his next destination.
After signing with the Devils last summer, Simmonds traded to the Sabres at the trade deadline in exchange for a fifth round pick. He only played in seven games for Buffalo before the season was shut
Oilers interested in Braden Holtby (11:15 am)
As the Capitals look to replace Holtby with a combination of Samsonov and Lundqvist, the 31-year-old appears to have his own suitor.
The Oilers are reportedly interested in Holtby as a 1A or 1B option to split time with Mikko Koskinen.
*This post will continue to be updated throughout the day*