It's July 1, and that means UFA Day for the NHL: unrestricted free agents will have the opportunity to sign with any team they choose.
The chaos starts at noon Eastern Time and you can follow live updates below in our live blog.
It's an interesting year as the free agent crop doesn't have as much star power as years past, but several teams are well below the cap floor so they'll have to put up big dollars.
The most prized free agent is center Brad Richards, and rumor has it the New York Rangers, Toronto Maple Leafs and Buffalo Sabres will all put together strong offers for him.
Richards refused to waive his no-trade clause from Dallas in June. For those looking for clues where he might go, he said on Twitter last night, "Big day tomorrow. Very open minded to all the situations that will be presented. To bad I couldn't try them all.... Will be good to move on."
Other big names to test the market include Erik Cole, Simon Gagne, Ville Leino, Michael Ryder, Tomas Fleischmann and Jan Hejda. Follow live updates below.
07/01/2011 7:03 PM EDT
Richards Mulling Multiple Offers
Center Brad Richards, the most prized free agent this year, remains without a team as of this hour and some believe he will sleep on his big decision.
The New York Rangers, Toronto Maple Leafs, Los Angeles Kings, Tampa Bay Lightning and Calgary Flames are all rumored to be in the mix still. There are rumblings the Philadelphia Flyers could put together a pitch too. The Buffalo Sabres for their part have said they're pulling out of the Richards sweepstakes after signing Ville Leino earlier today.
07/01/2011 6:08 PM EDT
Avs Sign 2nd Goaltender Of The Day
The Colorado Avalanche have signed Jean-Sebastian Giguere to solidify a one-two goaltending tandem, CBC reports.
07/01/2011 5:05 PM EDT
Fleischmann, Panthers Agree To Terms
07/01/2011 4:34 PM EDT
Erik Cole To Habs
The Montreal Canadiens signed forward Erik Cole to a 4-year, $18 million deal. ProHockeyTalk has more on the deal.
07/01/2011 4:17 PM EDT
Leino Signs With Sabres
07/01/2011 4:04 PM EDT
Flyers Send Versteeg To Panthers
07/01/2011 3:40 PM EDT
Semyon Varlamov Signs With Avs
07/01/2011 2:36 PM EDT
Flyers Land Another Former Pen
After signing Jagr, the Philadelphia Flyers added center Max Talbot to their roster, just signed for five years, $9 million total, per Darren Dreger. The Pennsylvania rivalry with the Pittsburgh Penguins just got that much more interesting.
07/01/2011 2:22 PM EDT
Rapid Pace This Year
TSN's James Duthie notes, "27 signings so far in two hours and change. 30 last year in our entire 6-hour show."