NHL 2025 offseason trade grades: Report cards for top deals - ESPN

The NHL's offseason is off and running, and the trades have been piling up since the Florida Panthers raised the Stanley Cup for a second straight season.

That includes Chris Kreider heading to the Anaheim Ducks, Trevor Zegras joining the Philadelphia Flyers and Noah Dobson being traded to the Montreal Canadiens.

This page will be your home for report cards on every major trade this offseason, with the most recent deals first.

In need of salary cap space, the Colorado Avalanche created some Friday by trading Charlie Coyle and Miles Wood to the Columbus Blue Jackets.

In return, the Blue Jackets traded prospect forward Gavin Brindley, a 2025 third-round pick, and a conditional 2027 second-round pick to Colorado.

Let's take a quick glance at what it all means for both teams.

The Avs secured a second-line center by signing Brock Nelson — added at the trade deadline — to a three-year contract extension worth $7.5 million annually. But that resulted in the Avs having just $1.2 million in cap space entering Friday, per PuckPedia. Given that the Avs have a six-player unrestricted free agent class — led by Ryan Lindgren — and it meant they needed to do something.

Coyle was one of the strongest candidates for a trade. His arrival at the trade deadline gave the Avs one of the best top-nine center dynamics in the NHL, behind Nathan MacKinnon and Nelson. But when a team is facing a cap crisis, does it make sense to pay a third-line center $5.25 million average annual value when there are more team-friendly options available?

Wood was another potential trade candidate, given he has four years left at $2.5 million AAV. Injuries and inconsistencies led to his scoring only 13 goals the past two seasons with the Avs — the same amount he