GM Peter Chiarelli sought help both up front and on the blue line to help his club contend for their second Stanley Cup in three years.
With the Eastern Conference-leading Pittsburgh Penguins locking up Iginla, Brenden Morrow and Douglas Murray, there was plenty of pressure on the Bruins to keep pace.
Its time to evaluate their deadline maneuvers.
Lane MacDermid, Cody Payne, Conditional 2nd-Round Pick
The Jarome Iginla debacle suddenly looks like a blessing in disguise. While Jaromir Jagr may be older than Iginla, he comes at a much cheaper price.
The proposed Iginla deal included Bruins top prospect Alexander Khokhlachev and NHL-ready defenseman Matt Bartkowski, who now both safely remain in the Boston cabinet (Boston Herald). Instead the Bruins have unloaded peripheral prospects Lane MacDermid and Cody Payne.
23-year-old Lane MacDermid is a big body with minimal upside. In three games with Boston this season he failed to register a point, while firing just one shot on goal. He has what it takes to become an NHL agitator, but he never seemed likely to make an impact in Boston.
The other youngster headed to Dallas is Cody Payne, who sits firmly outside of Boston's top 10 prospects. A physical winger playing for the OHL's Plymouth Whalers, the 19-year-old has some upside with 45 points in 66 games this season, but the Bruins have retained the services of similar power forwards Anthony Camara and Brian Ferlin who seem more likely to feature at the NHL level someday.
The second-round pick will become a first if the Bruins reach the Eastern Conference finals, but even at that price Jagr could be a steal.
The skilled winger picked up his 1,000th career assist last week as he continues to turn heads despite his age.
More than two decades after winning back-to-back Stanley Cups to open his career, Jagr was leading the Dallas Stars in both goals (14) and points (26) before being acquired by the Bruins.
Although it remains to be seen where he fits in the Bruins lineup, Jagr looks destined for a spot in Boston's top-six, potentially alongside Czech countryman David Krejci. If he winds up playing with Krejci, it could open the door for Nathan Horton to add his scoring prowess to the third line.
Jagr's primary impact should come on the power play. His nine power-play points are three more than Bruins leader David Krejci's meager six.
Ultimately Jagr is an experienced veteran who can bring leadership and scoring for a fairly risk-free price, and if the 41-year-old can continue playing at his current level, he could follow in former teammate Mark Recchi's footsteps by winning his third Stanley Cup in Boston.
The Bruins opened deadline day with perhaps the least exciting trade of the season. Boston dealt struggling French prospect Max Sauve to Chicago for big centerman Rob Flick.
The Bruins' second-round pick in 2008, Sauve failed to develop as expected over several seasons in Providence. Though once believed to have legitimate offensive upside, the 23-year-old has suffered from durability problems and his point production has declined over the last three seasons.
With just 23 points in 52 AHL games this season, Sauve no longer seemed destined for a future in Boston.
Rob Flick likewise is not a high-end prospect. The 2010 fourth-rounder is far more adept at racking up penalty minutes than points, making this trade more or less a wash.
Flick's physicality will likely do little more than protect more promising prospects down in Rhode Island, but Sauve's plummeting value was unlikely to net anything better with his contract set to expire at season's end.
St. Louis Receives:
Conditional 7th-Round Pick
Coming at the price of a late-round draft pick, the acquisition of Wade Redden is practically risk-free. That said, this deal is somewhat of a disappointment due to Boston's failure to acquire a better blueliner on deadline day.
With hopes of Dan Boyle, Mark Streit and Keith Yandle dancing in the heads of Bruins fans, Wade Redden is hardly a crowd-pleaser. Even Ryan Whitney would have been a more exciting addition to the banged-up Bruins defensive corps.
However, with prices soaring, its understandable that Peter Chiarelli opted to make a more conservative move.
Unlike Jagr, Redden isn't wowing anybody with his old age displays. Years after earning a massive contract from the New York Rangers following several tremendous seasons playing alongside Bruins captain Zdeno Chara in Ottawa, Redden is a shell of the top pairing defenseman he once was.
After spending two seasons stashed away in AHL Hartford by a Rangers club that couldn't deal with his awful contract, the St. Louis Blues rescued him, only to find that the old Wade was gone.
No longer a power-play quarterback capable of playing 20-plus minutes a night, Redden struggled in St. Louis, posting just five points. That said he may find a way to contribute in Boston.
He looks set to be a utility defender, filling in whenever the need arises. With Johnny Boychuk and Adam McQuaid recently dealing with injuries, he should see a few opportunities to take the ice.
If he somehow rekindles the magic that made him a star in Ottawa, he could make Peter Chiarelli look like a genius. But don't get your hopes up.