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Biggest Losers of 2022 NHL Free Agency, Based on Stanley Cup Futures

Brady Trettenero

by Brady Trettenero in NHL Hockey

Updated Aug 3, 2022 · 12:51 PM PDT

Jack Eichel and the Vegas Golden Knights saw Stanley Cup odds worsen during 2022 NHL Free Agency
Mar 30, 2022; Seattle, Washington, USA; Vegas Golden Knights center Jack Eichel (9) participates in pregame warmups against the Seattle Kraken at Climate Pledge Arena. Mandatory Credit: Joe Nicholson-USA TODAY Sports
  • 2022 NHL Free Agency is winding down, with most of the big names finding new homes
  • Several NHL teams have seen their Stanley Cup odds worsen throughout the course of free agency
  • Read below to see the biggest losers of 2022 NHL Free Agency, based on the betting market

2022 NHL Free Agency is winding down, with top UFAs such as Johnny Gaudreau, Claude Giroux and John Klingberg inking deals with new teams. There were also some huge trades that overshadowed the free agent signings.

The Stanley Cup odds were constantly being updated at sportsbooks during the free agency period. The betting market can give us a general idea of which teams came out on the losing end of free agency.

The table below sets out the current Stanley Cup odds for all 32 teams, plus their Cup odds prior to the start of NHL free agency.

2022-2023 Stanley Cup Odds

Team Current Odds Previous Odds
Colorado Avalanche +450 +500
Carolina Hurricanes +1000 +1100
Toronto Maple Leafs +1000 +900
Florida Panthers +1100 +1000
Tampa Bay Lightning +1200 +1000
Edmonton Oilers +1600 +2000
Calgary Flames +1600 +1800
Vegas Golden Knights +1600 +1000
Pittsburgh Penguins +1700 +2000
New York Rangers +1700 +2000
Minnesota Wild +1800 +1800
Boston Bruins +2700 +2500
St. Louis Blues +3000 +2500
New York Islanders +3000 +3000
Los Angeles Kings +3500 +3500
Washington Capitals +4000 +3500
Nashville Predators +4500 +4500
Dallas Stars +4500 +4500
Vancouver Canucks +5000 +4500
Ottawa Senators +5000 +5500
Detroit Red Wings +5500 +7000
Winnipeg Jets +6000 +5000
New Jersey Devils +6500 +6000
Columbus Blue Jackets +7500 +10000
Philadelphia Flyers +7500 +6000
Anaheim Ducks +7500 +8000
Buffalo Sabres +8500 +7500
Montreal Canadiens +10000 +15000
San Jose Sharks +10000 +10000
Seattle Kraken +10000 +10000
Chicago Blackhawks +20000 +10000
Arizona Coyotes +30000 +25000

Odds taken July 13 (noon EST) and Aug 1 at FanDuel Sportsbook.


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Blackhawks Tanking for Bedard

No team saw a bigger drop in the Stanley Cup odds drop during NHL free agency than Chicago, who faded from +10000 to +20000. The Blackhawks were already extreme longshots heading into the free agency period, but now they only have just 0.5% implied probability to win it all.

Chicago didn’t qualify RFA Dylan Strome and traded youngster Kirby Dach to Montreal. During the NHL Draft, the Blackhawks shipped leading goalscorer Alex DeBrincat to Ottawa. With Chicago’s brightest stars out of the Windy City, Patrick Kane trade rumors are running rampant.

The 2023 NHL Draft features a generational talent in Conor Bedard, which is likely why the Hawks are fine with finishing at the bottom of the standings. Chicago did sign UFA’s Max Domi and Andreas Athanasiou, but those players aren’t of the same skill-caliber as the departed young stars.

Golden Knights’ Armor Pierced

Out of the top-10 contenders in the Stanley Cup odds, the Golden Knights were the team that saw their odds worsen the most. Vegas faded from +1000 to +1600 during NHL Free Agency as they failed to make a big splash while also losing their best goalscorer.

Vegas traded sniper Max Pacioretty to the Carolina Hurricanes in exchange for future considerations. While VGK completed the trade to free up cap space, it marks the second straight offseason the Knights lost an NHL all-star without gaining anything in return (Marc-Andre Fleury, 2021).

It’s not surprising oddsmakers are skeptical about the Golden Knights entering 2022-23 considering Vegas missed the postseason for the first time in franchise history last season. The Knights were able to re-sign Reilly Smith, but this roster has only gotten worse since the end of 2021-22.

Jets, Canucks Losers in Canada

The updated Stanley Cup odds suggest that several Canadian NHL teams took a step backward during the free agency period. The Jets were the biggest fallers, as they faded from +5000 to +6000. The Canucks, meanwhile, saw their Cup odds lengthen from +4500 to +5000.

Winnipeg and Vancouver both missed the playoffs last season, and their drop in the Cup odds reflects what they didn’t do during NHL Free Agency. Neither team signed a high-impact free agent, while other Canadian teams like Edmonton and Ottawa bolstered their Cup odds with big moves.

The Stanley Cup odds still suggest that the Maple Leafs are Canada’s best shot at ending the country’s 29-year drought. Toronto did fade from +900 to +1000 during free agency, but replacing Jack Campbell and Petr Mrazek with a new goalie tandem of Illya Samsonov and Matt Murray is a bold move that could lead to varying results.


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