The days leading up to the 2025 NHL trade deadline were a furious final sprint as contenders looked to stock up for a postseason run while rebuilding clubs added prospects and draft capital.

After the overnight Brock Nelson blockbuster Thursday, Friday lived up to expectations, with Mikko Rantanen, Brad Marchand and other high-profile players finishing the day on different teams than they started with. All told, NHL teams made 24 trades on deadline day involving 47 players.

Which teams and players won the day? Who might not feel as well about the situation after trade season? Reporters Ryan S. Clark, Kristen Shilton and Greg Wyshynski identify the biggest winners and losers of the 2025 NHL trade deadline:

The NHL trade deadline for the 2024-25 season is not until March 7, but teams have not waited until the last minute to make major moves.

For every significant trade that occurs during the season, you’ll find a grade for it here, the Colorado Avalanche and San Jose Sharks swapping goaltenders, Cam Fowler to the St. Louis Blues, Kaapo Kakko to the Seattle Kraken, the blockbuster deal sending Mikko Rantanen to the Carolina Hurricanes and Martin Necas to the Avalanche, J.T. Miller from the Vancouver Canucks to the New York Rangers, and the Canucks staying busy and getting Marcus Pettersson from the Pittsburgh Penguins.

March 1 featured three big trades, with Ryan Lindgren headed to the Colorado Avalanche, the Minnesota Wild adding Gustav Nyquist, and Seth Jones joining the Florida Panthers. The middle of deadline week included a reunion for Yanni Gourde, heading back to the Tampa Bay Lightning along with Oliver Bjorkstrand. March 6 also brought a flurry, with Reilly Smith traded back to the Vegas Golden Knights, Brock Nelson headed to the Avalanche and Jake Walman shipped to the Edmonton Oilers.

Read on for grades from Ryan S. Clark and Greg Wyshynski, and check back the next time a big deal breaks.

The NHL trade deadline this season is a perfect storm of conditions for maximum drama: aggressive Stanley Cup favorites, over two-thirds of the league in playoff contention and clarity over the salary cap’s continued rise over the next three seasons.

The fireworks began before the 4 Nations Face-Off break. They’ve only grown more frequent as names come off the board.

Here’s a look at the players who could be move before the NHL trade deadline today at 3 p.m. ET.

We begin with the top 15 most fascinating players at the deadline, followed by several categories ranging from shocking possibilities to the pending free agents to the bargain beauties who could be the difference in winning the Stanley Cup.

This list was compiled through conversations with league executives and other sources, as well as media reports. ESPN insiders Kevin Weekes and Emily Kaplan added their input in its creation. Salary figures are from PuckPedia.

Let’s begin with the biggest names.