Winners and Losers from the 1st Day of 2014 NHL Free Agency

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Winners and Losers from the 1st Day of 2014 NHL Free Agency
Gregory Shamus/Getty Images

Individually, the big winner on the first day of NHL free agency is Matt Niskanen, who signed a seven-year, $40.25 million deal with the Washington Capitals, the biggest contract of the day.

Whether the Capitals are winners Tuesday, well, that's another question.

More than $400 million in contracts were dispensed by teams, some of it wisely, some of it in ways that make you wonder what they were thinking (looking at you, Deryk Engelland for three years and $8.7 million to the Calgary Flames).

Who won? Who lost? There's no better time to judge the value of contracts than less than eight hours after they were signed, so let's go ahead and do that here.

 

All signings per NHL.com

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