The Pittsburgh Penguins lost Sergei Gonchar, and apparently couldn’t offer Paul Martin the money he wanted. Instead, the Penguins pick up perhaps the most underrated defenseman on the market this summer as they sign Zbynek Michalek for five years and $20 million. It’s a great deal for Michalek and the Penguins, who pick up a…

With the Pittsburgh Penguins losing Sergei Gonchar to the Senators, the talk has now heated up with the Pens becoming interested in defenseman Paul Martin. Martin was unable to re-sign with the Devils and is now on the open market. You wonder just how much the Penguins would be willing to give Martin, however, as…

Alex Tanguay is headed back to Calgary, signing a one-year contract with the Flames. He enjoyed the best season of his career a few years back with Calgary, but scored just 37 points last year with the Tampa Bay Lightning. Still haven’t heard the exact financial terms, but for now we knows it’s a one-year…

Sergei Gonchar, unable to work out a deal with the Pittsburgh Penguins, has signed with the Ottawa Senators in the opening minutes of free agency. Gonchar wanted a three-year deal with Pittsburgh at around $5 million per season — the Penguins were unwilling to make that commitment and he walked. The Senators swooped in and…

As of noon today, Marc Savard’s no trade clause opened up to allow him to name five teams he’d be willing to be traded to. Almost immediately, rumors began to pop up on a trade that sends Savard from Boston to Calgary. The specifics, of course, differ depending on who the source is — but…

Dan Ellis seemed extremely excited about his rights being traded to the Montreal Canadiens, going off on Twitter about thrilled he was to be going to “hockey mecha”. Now, it seems, Ellis is headed into the free agency market after all. Several reports have said that contract negotiations with Ellis never went very far, and…

TSN has just reported that the Philadelphia Flyers have acquired defenseman Andrej Meszaros from the Tampa Bay Lightning, in exchange for a second round draft pick. Meszaros is a solid defenseman who has played with the Senators and the Lightning the past five seasons, and has played in less than 81 games a season just…

The Phoenix Coyotes are desperately trying to keep defenseman Zbynek Michalek, one of the more underrated defensemen to hit the open market this year. He’s set to become a free agent in just under 20 minutes, but until then the Coyotes are working on re-signing their defenseman to keep him in Phoenix. With the cap…

We’re just 30 minutes until the 2010 NHL Free Agency period begins, and the rumors are flying as to where each play will end up. The biggest name out there right now is Ilya Kovalchuk, and the consensus is that he’ll likely end up in Los Angeles — although at this point it’s wide open.…