A relatively quiet trade deadline was highlighted by the surprising move of longtime Capital John Carlson to Anaheim, where the Ducks leaned further into building an offensive identity. Calgary GM Craig Conroy provided late day drama by sending Nazem Kadri back to Colorado as he chases another Stanley Cup. The Flames also moved Mackenzie Weegar earlier in the week and now sit on a large stockpile of draft picks as they rebuild with a new arena waiting in the wings. Several notable names stayed put, including Robert Thomas in St. Louis and Colton Parayko who declined a trade to Buffalo. Nashville’s Ryan O’Reilly and Steven Stamkos, and goalies Sergei Bobrovsky and Jordan Binnington also stayed with their current teams despite the rumour mill. Toronto sold off pieces like Bobby McMann, Scott Laughton, and Nic Roy while keeping Oliver Ekman-Larsson. Montreal held firm despite exploring a bigger hockey deal as their young playoff window opens. Edmonton added Connor Murphy and Jason Dickinson earlier in the week, but with Colorado loading up and Dallas and Minnesota looming, whoever survives the Pacific could still face a Western Conference buzzsaw.

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The Oilers added big, right-shot defender Connor Murphy to shore up their defensive conscience, but when you factor in the Skinner/Kulak-for-Jarry swap and the draft capital spent, it’s fair to question whether they’ve meaningfully improved, especially with bottom-six centre still a need. On the broader D market, Tyler Myers’ no-trade indecision may be stalling movement, with names like Ristolainen, Faulk, and Parayko also in play. The Rangers’ Braden Schneider and the Blues’ Robert Thomas are drawing interest but would command massive returns, while Jordan Binnington chatter is quietly building after his Olympic performance boost. Meanwhile, Craig Berube seemed to question his team’s heart and hockey IQ and the Kings fired Jim Hiller with DJ Smith stepping in amid playoff pressure. Will teams like Boston and Pittsburgh, armed with significant draft capital, emerge as surprising deadline players? The countdown is on!

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Jake Guentzel hit the post of the empty net but the Lightning roll over the Leafs in a 4-2 win. Leafs CEO Keith Pelley issued a letter to Toronto Maple Leafs season-ticket holders, saying the team will do what it takes to not only make the playoffs but take the next step. Joel Quenneville wins his 1,000th game as the Oilers blow a 2-goal lead to the Ducks...twice. Artemi Panarin makes his debut with the Kings, but they fall to the Knights.

Plus: Ask Ray & Dregs Anything!

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Olympics recap, Gold medal overtime goal analysis, Hughes brothers class, Tkachuk brothers swagger, Matthews has his moment, trade speculation heating up including: Flames Nazim Kadri, Predators Ryan O'Reilly, Canucks' Evander Kane and Elias Pettersson. Paul Coffey returns to the Oilers bench. Plus: The Tim Hortons NHL Hockey Challenge is back.

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Ray & Dregs react to USA's OT win over Canada for Olympic men’s hockey gold.

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Ryan Rishaug calls in with Tim Hortons Olympic updates from Team Canada practice.

In Canadian Brewhouse headlines: Mark Stone impressing, Celebrini stellar, Tom Wilson a unicorn, has Binnington has surpassed expectations? Team USA report card, including Auston Matthews' performance, and the Tkachuk brothers chirps. Who will play for Gold?

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Frankie Corrado sits in for Ray Ferraro for our Team Canada Olympic Preview. The fellas discuss Jon Cooper’s tendency to mix lines early, the intriguing fit of Tom Wilson alongside Connor McDavid and how McDavid, MacKinnon, and Crosby down the middle could pose matchup nightmares, especially  for teams with a number of non-NHL defencemen. Canada's defence looks strong, though minutes behind Cale Makar remain a question, with Drew Doughty seen as a potential x-factor. Jordan Binnington is still the presumed Game 1 starter in goal and the guys think the schedule supports this assumption. Headlines include Cooper closing practice to media (likely much ado about nothing), Charlie McAvoy’s social media comments reigniting debate around head contact rules and your daily Maple Leafs rumours as Toronto weighs pushing back into the playoff race versus re-tooling around pending UFAs. Plus, Frankie's observations from a lacklustre Sens/Flyers game before the break and the growing Michkov discussion in Philly, with the Olympic pause framed as a clean reset for struggling players and teams.

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The Rangers dealt Artemi Panarin to LA for former first-round pick Liam Greentree and a conditional third, a return shaped largely by his trade protection, which limited the market. The Rangers retained 50% of his salary for this season and extended him for two years at $11M AAV; Ray understands the move for LA’s scoring and power-play needs but questions why New York rushed the trade with time still available. Penn State star and projected 2026 top pick Gavin McKenna is facing serious assault charges, with few details known and no speculation for now. In Edmonton, a 4–3 loss to Calgary made it three straight defeats, leading Leon Draisaitl to publicly criticize the team — including himself — with Ray agreeing this looks like the weakest Oilers group of the past three years, plagued by goaltending uncertainty and a lack of depth beyond McDavid and Draisaitl. Looking at the playoff race, Ray doubts Toronto can find sustained consistency, and in the West expects one of Anaheim or Seattle to drop out, with LA the most likely Pacific team to sneak in ahead of Nashville and San Jose.

In Ask Ray & Dregs Anything we talk goalie fights, Moritz Seider's case for the Norris Trophy and players whose personal hygiene (or lack thereof) was weaponized on the ice.

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Sunday’s Tampa Bay vs Boston outdoor game delivered a true spectacle — great hockey weather, a goalie fight, and a wild Lightning comeback from four goals down — though not without controversy, as Boston bristled at the penalty disparity and power plays that swung momentum, even if, as Ray notes, the Bruins are among the league’s most-penalized teams. The game also raised Olympic questions with Anthony Cirelli injured and Brayden Point’s status looming, highlighting the rigidity of Olympic rosters where changes can’t be made once the tournament begins, prompting speculation about potential standby players flying to Italy, while Sam Bennett is banged up but expected to be fine and Zach Hyman’s name creeps into the conversation given his 50-goal-pace production and versatility. Meanwhile, Connor McDavid gave fans a rare, heartfelt glimpse into his mindset with his Players’ Tribune piece “Dear Canada,” a raw expression of his love for the game and a clear signal — especially to Oilers fans — of his desire to win a Stanley Cup in Edmonton. Barry Trotz announced he’ll step down as Nashville Predators GM at season’s end for family reasons, with the organization hoping to have a new GM in place by the draft, marking the first time in franchise history that neither Trotz nor David Poile will be involved. Plus, Ryan Rishaug checks in from Milano Cortina to talk facilities and schedule in advance of the Olympic Hockey tournaments.

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Artemi Panarin appears to be headed out of New York, with the Rangers reportedly shelving him through the Olympic break to protect the asset, and his no-trade clause giving him significant control as teams like LA, Washington, San Jose and possibly Dallas circle, with the expectation he wants an extension wherever he lands. In Toronto, the Leafs sit eight points out a wildcard position and face hard questions about whether it’s time for Brad Treliving to cut bait on depth pieces, with a critical western road trip looming. Ottawa, despite months of negative noise, has suddenly surged with statement wins over Vegas and Colorado, while the Avalanche’s recent skid feels like a natural correction ahead of a needed reset and healthier lineup. Meanwhile, Bryan Rust’s three-game suspension for elbowing Brock Boeser surprised some, with Ray arguing the length of penalty should be the standard for that type of play, regardless of a player’s reputation.

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