July 1st is always a date to look forward to on the NHL calendar as it usually brings with it the feeling of hope, new beginnings and excitement, and after October those same notions more often than not, rapidly become unfulfilled expectations, let-downs, and bitter dissapointment. This summer obviously has brought us more of the same.

The Detroit Red Wings obviously made the biggest news this week, with their short-term marriage with free agent prize Marian Hossa. Hossa who was a singular thorn in their side in the Stanley Cup Final while facing off against them as a member of the Pittsburgh Penguins was difficult to overlook. Similarly, Hossa saw the team that dispatched him and his new team mates an easy path to winning and getting his name on the Stanley Cup. The Pittsburgh Penguins are apparently upset with the manner in which Hossa has quickly switched sides and joined the enemy, and one could hardly blame them. However, the Penguins have just finished locking up superstar winger Evgeni Malkin, defenceman Brooks Orpik, and goaltender Marc-Andre Fleury to long-term deals that will keep the franchise moving in the right direction. They also picked up forwards Miroslav Satan, and Ruslan Fedotenko to plug the gaps left by Hossa, Malone, and Ruutu. Wouldn't it be ironic if the Penguins and Red Wings meet once again in the Stanley Cup finals this year... and this time around the Penguins come out on top? Or perhaps it would be poetic.

The Chicago Blackhawks landed defenceman Brian Campbell, the top blueline free agent to a multi-year deal in the $70 million range. They also signed free agent goaltender Cristobal Huet to a long term deal worth roughly $5 million per year. A curious move that could foreshadow the trade of current goaltender Nikolai Khabibulin. Otherwise the Hawks will be carrying over $10 million in salary for their goaltending tandem. Either way the Blackhawks should be fighting for a playoff berth next season, as they had already made tremendous strides last year thanks in large part to the youth of their club, specifically Patrick Kane and Jonathan Toews.

The Edmonton Oilers made some big moves that should also have them battling for playoff contention as well. The Oil went the trade route and acquired star winger Erik Cole from the Carolina Hurricanes and defenceman Lubomir Visnovsky. With Visnovsky and Souray on the powerplay, the Edmonton Oilers will be a scary squad to take penalties against... although there have been some Souray trade rumors swirling. Edmonton is also on the Jaromir Jagr watch, and has apparently tendered the big winger a contract offer.

The New York Rangers brought free agent defenceman Wade Redden to the Big Apple for a modest sum of $6.5 million a year over the next years and re-signed defenceman Michal Rosival to a 4 year deal worth $20 million. Redden had an awful season last year in Ottawa, but then again, so did everyone else on the Senators. GM Glen Sather is banking on Redden rediscovering his game... I hope he's right. The Rangers also acquired Nikolai Zherdev and Dan Fritsche from the Columbus Blue Jackets in exchange for Fedor Tyutin and Christian Backman. Jackets fans, you will enjoy Tyutin's play, and as for Backman... well you will enjoy Tyutin's play. The Rangers bid farewell to UFA pest Sean Avery who fled South to Dallas where he signed the multi-year deal he was looking for at nearly $4 million a season, and unfortunately may have also disrespected Jaromir Jagr enough to see him in another jersey next year, or maybe even another country.

The Washington Capitals picked up goaltender Jose Theodore for $9 million over the next pair of seasons, and locked up their stud blueliner Mike Green for $21 million over the next 4 years.

The New Jersey Devils welcomed former Devils Bobby Holik and Brian Rolston back into the fold. Holik signed a one year deal worth $2.5 million and Rolston for $20.25 over the next four seasons. The Devils also re-signed Jay Pandolfo for $7.5 million over 3, and defenceman trade deadline pickup Bryce Salvador for $11.6 million for the next 4 years. I like what the Devils have done, and they are apparently still looking for more scoring and testing the waters on a few of the B-list wingers still available.

The Tampa Bay Lightning signed everyone. I kid you not. Forward Ryan Malone signed for $31.5 million for the next 7 years, and former Pens teammates Gary Roberts and Adam Hall followed suit by joining the Lightning. Tampa Bay signed forward Radim Vrbata for $9 million over the next three, and goaltender Olaf Kolzig to a one year deal worth $1.5 million. The new ownership has come out swinging, and stacked the forward lines, but they haven't addressed their blueline yet, and rumors are circling their one big gun in the back Dan Boyle. Regardless of what happens, the offensive corps will be a formidable one and this team doesn't look to be repeating last season where they finished in last place.

For an up to the minute look at all the transactions occurring in the NHL, check out the TSN Free Agent Tracker, as there is certainly much more to come.

The two big fish still remain unsigned. Former Toronto Maple Leaf Mats Sundin, and former New York Ranger Jaromir Jagr. Both have already recieved lucrative deals, but both players have their own sticking points. Jagr is looking for more than one year, and Sundin is not sure if wants to continue playing. Both seem content to wait the summer out now and take time before making a final decision. The Vancouver Canucks reportedly offered Sundin a $20 million contract for 2 years, which would make him the highest paid player in the league, and he is rumored to also have recieved very competitive offers from the Habs and Rangers as well. It is looking more and more like he will either retire, or eventually rejoin the Leafs. As the summer rolls on, most teams will have to make decisions on their rosters long before he makes up his mind. The Leafs will most likely be the only club with the cap space available to sign him in August. For Montreal and Vancouver to gamble on waiting for him, could be disastrous. Jagr has a 3 year deal from a Russian club waiting for him at $35 million tax-free. I could hardly blame him for taking it. There are also reports that the Penguins are trying to lure him back to Steel-town. No matter where they end up, I do hope that both continue to play in the NHL. It would be a shame to see them retire.

Have a Happy 4th of July everyone! Remember to keep your beards away from the fuse.

Your friend on ice,
Captain Bosh