The Calgary Flames are at a pivotal moment as they prepare to negotiate a contract extension for defenseman Rasmus Andersson, who has only one year remaining on his current deal before hitting unrestricted free agency. General Manager Craig Conroy is tasked with convincing Andersson to commit to the Flames long-term, especially in light of the franchise's future aspirations, including a new arena set to open for the 2027-28 season.

Meanwhile, the Toronto Maple Leafs are actively exploring trade options to free up cap space and create roster spots ahead of the upcoming trade deadline. The focus is on potentially moving five players, including Pontus Holmberg, David Kampf, Ryan Reaves, Nick Robertson, and Conor Timmins. Each player presents unique trade considerations: Holmberg has underperformed, Kampf’s contract may require incentives to move, Reaves offers limited ice time, Robertson is a valuable asset, and Timmins could be traded due to his upcoming RFA status.