Free agency opens on Friday and NHL teams are hoping to make the right signings that will add the necessary depth needed to win the Stanley Cup.
Another challenge for general managers will be to re-sign their own free agents and not risk losing them without getting any value in return.
When the New Jersey Devils lost Zach Parise and the Nashville Predators lost Ryan Suter last summer, the consequences were severe. Both teams went from being playoff-caliber clubs to not even being in the postseason race during the shortened 2013 season.
With the salary cap going down to $64.3 million (about an 8 percent drop from last year), re-signing players and acquiring help from outside the organization will be a difficult challenge for GMs.
Let's look at where your team stands as we unveil the offseason's first power rankings prior to free agency.
All salary and cap information courtesy of CapGeek.com.