NHL's top five teams on paper after 2026 free agency

Teams:

The Carolina Hurricanes enter 2026-27 with $9.8 million in cap space after retaining virtually their entire Cup-winning roster.

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Carolina Hurricanes Positioned as Clear Frontrunners

The Hurricanes finished the 2025-26 season as Stanley Cup champions with few departures this summer. GM Erik Tulsky retained forwards Seth Jarvis and Sebastian Aho plus defensemen Jaccob Slavin and K’Andre Miller. This continuity contrasts with several rivals who lost key contributors. The team therefore begins the new campaign with proven chemistry intact. Tulsky holds four first-round picks over the next three years and could trade young defenseman Alexander Nikishin for a top goaltender. Potential targets include Winnipeg’s Connor Hellebuyck or St. Louis veteran Jordan Binnington.

Frederik Andersen departed for Edmonton, leaving Brandon Bussi and Pyotr Kochetkov in net. Either acquisition would strengthen the position beyond the current tandem. Carolina’s offensive core remains among the league’s most balanced. The combination of experience and financial flexibility gives the Hurricanes an edge over teams forced into major rebuilds.

Avalanche and Lightning Maintain Elite Status Despite Losses

Colorado lost GM Chris MacFarland to Nashville and traded Valeri Nichushkin, Jack Drury and Ross Colton. These moves reduced depth yet left a defense anchored by returning veterans Brett Kulak and Brent Burns. Nazem Kadri joins the lineup for a full season after his 2026 deadline acquisition. The Avalanche still possess generational talent and speed that produced strong regular-season results before a Western Conference final sweep by Vegas.

Tampa Bay finished tied for fifth in 2025-26 but exited in the first round. Julien BriseBois added John Carlson while sending Darren Raddysh to Toronto. Secondary scoring improved with Ilya Mikheyev, and Dennis Hildeby arrived to share duties with Andrei Vasilevskiy. The Lightning’s balanced roster and experience position them for another deep playoff run despite the loss of Corey Perry and Nick Paul.

Wild, Canadiens and Stars Complete the Upper Tier

Minnesota acquired Quinn Hughes last season and added Blake Coleman plus Olli Maatta this summer. Bill Guerin holds $1.1 million in cap space and three first-round picks. Filip Gustavsson and Jesper Wallstedt provide elite goaltending depth. The Wild finished sixth in the league standings and now possess the horses to compete with the NHL’s best.

Montreal tied for fifth place without major additions or subtractions. The Canadiens retain $13.3 million in space and their fast, skilled core. Dallas finished with the third-best record yet traded Mavrik Bourque and must allocate $10.6 million to retain Jason Robertson. Both teams project as strong contenders provided Robertson remains with the Stars.

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Photo de profil de Mike Jonderson, auteur sur NHL Insight

Par Mike Jonderson

Mike Jonderson is a passionate hockey analyst and expert in advanced NHL statistics. A former college player and mathematics graduate, he combines his understanding of the game with technical expertise to develop innovative predictive models and contribute to the evolution of modern hockey analytics.