What happened: The NHL trade market remains busy into the offseason, with front offices continuing to make moves after a packed draft. Roster reshaping is ongoing as clubs weigh fits, cap room, and depth ahead of the 2026-27 season.

Why it matters: Offseason trades set the competitive baseline for the coming year, reshaping contenders and rebuilders alike. How aggressively teams buy or sell now shapes their cap flexibility and lineup before training camps open.

What to watch: Watch which clubs convert draft-week momentum into completed deals and how cap space gets allocated as free agency nears.