Updated 2021 NHL Stanley Cup Futures Following Free Agent Frenzy

  • BetOnline updated its 2022 Stanley Cup odds following a flurry of free agent signings and trades
  • The opening of free agency on July 28 marked one of the busiest transaction days in NHL history
  • Contenders like the Avalanche (+575), Lightning (+650) and Bruins (+1100) were all forced to tweak their rosters

The teams that are anointed winners of NHL Free Agency rarely go on to become Stanley Cup champions. But, after a busy week of trades and free agent signings, let’s take a look at the latest odds to see which clubs’ championship chances might be under- or over-valued heading into the offseason.

Be sure as well to check out our NHL betting tips page with resources on NHL MVP betting and more.

2022 Stanley Cup Odds

BetOnline
Colorado Avalanche+575
Tampa Bay Lightning+650
Vegas Golden Knights+800
Boston Bruins+1100
Carolina Hurricanes+1100
Toronto Maple Leafs+1400
Florida Panthers+1800
New York Islanders+1800
New York Rangers+2200
Dallas Stars+2500
Edmonton Oilers+2500
Minnesota Wild+2500
Montreal Canadiens+2500
Pittsburgh Penguins+2500
Philadelphia Flyers+2800
St. Louis Blues+2800
Washington Capitals+2800
Seattle Kraken+3300
Winnipeg Jets+4000
Nashville Predators+4500
Calgary Flames+5000
Chicago Blackhawks+5000
Vancouver Canucks+5000
Los Angeles Kings+6600
Arizona Coyotes+7500
Ottawa Senators+7500
San Jose Sharks+7500
Anaheim Ducks+10000
Buffalo Sabres+10000
Columbus Blue Jackets+10000
Detroit Red Wings+10000
New Jersey Devils+10000

Cup contenders active in free agency

A +575 favorite to win the 2022 Stanley Cup, the Avalanche were able to re-sign captain Gabriel Landeskog to a eight-year, $56M contract and ink franchise defenseman Cale Makar to a six-year, $54M extension. When Colorado lost its Vezina-candidate netminder Philipp Grubauer to the Seattle Kraken, general manager Joe Sakic recovered quickly, adding Coyotes goaltender Darcy Kuemper for a first-round pick.

Tampa Bay (+650) lost their entire third-line, with Yanni Gourde claimed in the expansion draft and both Barclay Goodrow and Blake Coleman inking lucrative long-term deals with the Rangers (+2200) and Flames (+5000), respectively. However, the Lightning still have to be considered winners after wrapping up center Brayden Point to an eight-year, $76M extension.

The Vegas Golden Knights (+800) were rumored to be making a play for Jack Eichel after trading 2020 Vezina winner Marc-Andre Fleury to Chicago for a bucket of pucks, but GM Kelly McCrimmon says he’s “done shopping this offseason.”

No team was busier than the Bruins (+1100) last Wednesday. They replaced the injured Tuukka Rask with Sabres tender Linus Ullmark and added depth with former Blue Jackets captain Nick Foligno, forwards Tomas Nosek and Erik Haula and defensemen Derek Forbort. But with longtime center David Krejci returning home to play in the Czech Republic, it’s hard to say if Boston is any better.

Colorado AvalancheTo Win 2022 Stanley Cup
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+500
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Tampa Bay LightningTo Win 2022 Stanley Cup
star iconstar iconstar iconstar iconstar icon
+700
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Other big signings

The Carolina Hurricanes (+1100) seem overvalued after losing puck-moving defenseman Dougie Hamilton to the Devils on a massive seven-year, $63M contract. It’s also hard to get behind the Toronto Maple Leafs (+1400), who have done very little in the offseason after their latest playoff disappointment

After falling short in the Stanley Cup Final, the Canadiens (+2500) added beefy blueliner David Savard and scoring winger Mike Hoffman in free agency. Edmonton (+2500) lost defenseman Adam Larsson to the Kraken but were able to re-sign Tyson Barrie, bring in Cody Ceci and add gritty forward Zach Hyman.

The Philadelphia Flyers (+2800) were more active on the trade market than free agency, bringing in mobile rearguard Ryan Ellis from Nashville and swapping Jakob Voracek for Cam Atkinson. A few seasons removed from winning the Cup, the St. Louis Blues (+2800) added winger Brandon Saad but still have Vladimir Tarasenko on their roster eating up cap space.  

And, finally, the Washington Capitals (+2800) re-signed captain Alex Ovechkin for another five years as the Russian sniper takes aim at the Great One’s all-time goal-scoring record.

New York IslandersTo Win 2022 Stanley Cup
star iconstar iconstar iconstar iconstar icon
+2000
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Steve Dominey

Steve has almost 15 years of experience in marketing, PR and sports television. After acquiring a Journalism degree from Carleton University, he assembled highlight packs for Canada's most-watched sports network (TSN) before transitioning to a career in communications. He describes himself as a good father, great dog owner, and mediocre gambler and husband.