Breaking down the many winners and losers of the Patrick Kane trade

The Patrick Kane saga has reached its conclusion. Finally.

The New York Rangers acquired Kane and minor leaguer Cooper Zech on Tuesday in a three-team trade with the Chicago Blackhawks and Arizona Coyotes.

Chicago is receiving a conditional 2023 second-round draft pick, a 2025 fourth-rounder, and minor leaguers Vili Saarijarvi and Andy Welinski while retaining 50% of Kane's $10.5-million salary. Arizona, meanwhile, is getting a 2025 third-rounder from New York for 25% retention.

The trade, which closes a chapter in Blackhawks history, is complicated and indicative of a wild trade market, so let's unpack some winners and losers.

Winner: Patrick Kane

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In the end, "Showtime" got his way.

Kane negotiated a no-move clause into his contract back in 2014, and over the past few months, he exercised it to its full potential. The pending unrestricted free agent waited and waited before finally making a decision. It was well within his rights to take his time and select a landing spot (score for player empowerment!), and now he's joining forces with old pal Artemi Panarin and the rest of the 34-17-9 Rangers, a legitimate Stanley Cup contender.

Kane, 34, won three Stanley Cups over a 16-year run with the Blackhawks. He's one of the best offensive players of his generation, with a trophy case full of individual awards to prove it. And while he's no longer in his prime, Kane's going to benefit greatly from being surrounded by more talent in New York.

For the first time in a long time, he can be "A Guy," not necessarily "The Guy."

Loser: Kyle Davidson

Let's face it, Chicago's general manager was dealt a pretty crappy hand.

Davidson began 2022-23 with two legacy stars to dangle as premier deadline rentals. Trading both Kane and Jonathan Toews, while not an easy task thanks to no-move clauses and expensive contracts, would expedite a deep rebuild.

Health issues eventually removed Toews from the trade block. And now Kane has been shipped out for a less-than-ideal package: two draft picks, one of which might turn into a first-rounder. (The 2023 second-rounder becomes a first in 2024 or 2025 if the Rangers reach the Eastern Conference Final this season.)

No guaranteed first, no A-level prospect, and no young NHLer; not exactly a haul.

Yes, Davidson had little control over the situation. But it doesn't erase the fact that he lost the trade with the Rangers - who had all the leverage due to Kane choosing New York as his only destination - and couldn't trade Toews, period.

Winner: Gerard Gallant

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The Rangers head coach officially has an embarrassment of riches up front.

This month alone, Gallant's been gifted forwards Kane, Vladimir Tarasenko, and Tyler Motte. Kane is having a down year by his lofty standards (45 points in 54 games) but has turned it on of late with eight points in his past three games. Despite his age, Kane remains a lethal setup man. He possesses silky hands and the requisite hockey IQ to execute extremely creative plays.

That revamped top six - Kane, Tarasenko, Panarin, Mika Zibanejad, Chris Kreider, and Vincent Trocheck - is as good as any in the NHL, and the usage and deployment possibilities are endless. The so-called "Kid Line" of Alexis Lafreniere, Filip Chytil, and Kaapo Kakko is an enviable third line. And a fourth line of Motte, Jimmy Vesey, and Barclay Goodrow is, well, laughably good.

Rangers GM Chris Drury also acquired defenseman Niko Mikkola for Gallant's third pair. Yeah, February has been very kind to the coach and his lineup card.

Loser: Jarmo Kekalainen

The Columbus Blue Jackets GM must be fuming right now.

Technically, the Kane trade didn't see a first-round pick change hands. But down the road, New York could fork over a first-rounder for Kane, so the deal represents yet another instance over the past month where a contending team included a first in a trade package. There are only so many.

In total, eight first-rounders over the next three drafts have been sacrificed (one of them twice in a matter of days) for the likes of Tarasenko, Ryan O'Reilly, Jake McCabe, Tanner Jeannot, Dmitry Orlov, Bo Horvat, Rasmus Sandin, Mattias Ekholm, and Timo Meier. (The Meier deal featured a guaranteed first and a conditional second that may turn into another first.)

Apparently, none of these clubs are overly intrigued by Vladislav Gavrikov, the rugged Columbus defenseman who on Tuesday sat out his eighth straight game for "trade-related reasons." A deal between the Blue Jackets and Bruins was reportedly very close, but Boston ultimately chose Orlov over Gavrikov.

Surely Gavrikov will be scooped up before the deadline. But for what?

Winner: Eastern Conference

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The Kane deal added to the arms race well underway in the East.

The difference between the two conferences was striking prior to the first major move of this wacky trade period (Horvat to the New York Islanders on Jan. 30). A month later, the East occupies spots one through six on the points percentage leaderboard while dominating the West on the trade market.

Here's the list of notable NHLers who've been moved to or stayed within the East since that first domino fell with the Horvat swap: Kane, Tarasenko, O'Reilly, Orlov, Meier, Jeannot, McCabe, Jesse Puljujarvi, and Luke Schenn.

And the West: Ekholm, Nino Niederreiter, Ivan Barbashev, Evgenii Dadonov, and Tyson Barrie.

Keep in mind, too, the Carolina Hurricanes - who trail only the Bruins in points percentage - have only acquired Puljujarvi. There's no way Carolina's done.

Loser: 'Trade-related reasons'

The term "trade-related reasons" (and its cousin, "roster management reasons") is getting quite the workout this month. Kane, who missed his final two games in Chicago, became the first big name to actually get moved after being scratched out of fear of injury before a trade could be finalized.

Gavrikov (out eight games without a trade) and Arizona Coyotes defenseman Jakob Chychrun (eight games) are still waiting for news. Healthy and useful players sitting around doing nothing for weeks isn't a great look for the NHL, though the situation appeared worse when Jeannot, Schenn, Sam Lafferty, and Vitali Kravtsov had also watched at least one game from the press box.

The latest "trade-related" scratches? Blue Jackets goalie Joonas Korpisalo and Coyotes forward Nick Bjugstad were both sidelined Tuesday night.

Winner: Third-party brokering

NHL Images / Getty Images

Coyotes GM Bill Armstrong has joined Wild GM Bill Guerin in the 2022-23 third-party brokers club - and membership may grow in the coming days.

Guerin has taken on salary in two different trades, first receiving a 2025 fourth-round pick from Toronto for retaining 50% of O'Reilly's salary and then netting a 2023 fifth-rounder from Boston for eating 50% of Orlov's salary.

This mini-trend is a byproduct of the salary cap's minimal increase during the pandemic. Last season saw one third-party broker deal (Max Domi), while 2020-21 had three such deals (Mattias Janmark, Nick Foligno, David Savard).

Of course, a third team isn't always needed to retain salary. Over the past few weeks, we've seen plenty of selling teams eat a portion of a contract to make the money work for the buyer. Teams can retain on a total of three players.

Loser: Trade deadline shows

Let's keep this last one short: While it's awesome to see so much trade activity, TV executives in Canada and the United States can't be too pleased.

Friday won't be dead - there's always movement on deadline day, and this season definitely feels abnormally busy, in general - but a lot of the marquee names have already changed teams. Time to prepare the gimmicky segments.

John Matisz is theScore's senior NHL writer. Follow John on Twitter (@MatiszJohn) or contact him via email (

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Rangers acquire Kane from Blackhawks

It's Showtime in the Big Apple.

The New York Rangers acquired star forward Patrick Kane from the Chicago Blackhawks in a three-team deal with the Arizona Coyotes, the teams announced Tuesday.

The Blackhawks are getting a 2023 conditional second-round pick, a 2025 fourth-round pick, defenseman Andy Welinski from the Rangers, and blue-liner Vili Saarijarvi from the Coyotes. If the Rangers make the conference finals, the second-round pick becomes a first-round selection in either 2024 or 2025, sources told ESPN's Emily Kaplan.

In addition to Kane, the Rangers also receive minor-league defenseman Cooper Zech.

The Coyotes collect a 2025 third-round pick from the Rangers as part of the deal.

The Blackhawks will retain 50% of Kane's $10.5-million cap hit, while Arizona will take on 25% of his salary.

A three-time Stanley Cup champion, Kane has 16 goals and 45 points in 54 games this season. A lingering hip injury reportedly made teams concerned about his status.

Kane has 52 goals and 132 points in 136 career postseason games. He captured the Conn Smythe Trophy in 2013.

Kane had been vocal about his interest in New York as a potential destination if he chose to waive his no-trade clause. The 34-year-old is from Buffalo.

New York already added Vladimir Tarasenko, Niko Mikkola, and Tyler Motte earlier in February.

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Maple Leafs trade Engvall to Islanders for 3rd-round pick

The Toronto Maple Leafs traded forward Pierre Engvall to the New York Islanders for a third-round pick in the 2024 draft, the Leafs announced Tuesday.

Engvall, 26, potted 12 goals and added nine assists in 58 games this season.

The swap came shortly after Toronto made two other trades Tuesday, acquiring defenseman Erik Gustafsson from the Washington Capitals and reportedly adding blue-liner Luke Schenn from the Vancouver Canucks.

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Wild land Johansson from Capitals

The Minnesota Wild acquired forward Marcus Johansson from the Washington Capitals for a 2024 third-round pick on Tuesday.

Johansson has 13 goals and 28 points in 60 games this season. The pending unrestricted free agent was traded to the Capitals at last year's deadline by the Seattle Kraken.

The 32-year-old has a cap hit of $1.1 million.

Johansson spent the 2020-21 campaign with the Wild, tallying six goals and 14 points in 36 games. He appeared in three postseason contests with Minnesota as well.

After acting as a third party for salary retention purposes twice in February, Johansson is the first player Minnesota has added in advance of the trade deadline.

General manager Bill Guerin expressed his interest last week in being "very active" prior to the deadline.

Minnesota is third in the Central Division with a 33-21-6 record.

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Oilers trade Puljujarvi to Hurricanes

The Edmonton Oilers traded forward Jesse Puljujarvi to the Carolina Hurricanes for prospect Patrik Puistola on Tuesday.

Puljujarvi has five goals and 14 points in 58 games this season. The 24-year-old tallied a career-high 14 goals and 36 points in 2021-22.

The Oilers aren't retaining any of Puljujarvi's $3-million cap hit, according to TSN's Pierre LeBrun. He's an impending restricted free agent.

Puistola was drafted in the third round in 2019 by the Hurricanes. The 22-year-old winger has had a breakout campaign in Finland, scoring 15 goals and 38 points in 56 games. His exclusive rights are set to expire June 1, which would make him an unrestricted free agent.

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Red Wings sign Walman to 3-year extension

The Detroit Red Wings signed defenseman Jake Walman to a three-year extension Tuesday with an average annual value of $3.4 million.

Walman has five goals and 10 points through 40 games this season while averaging 18:55. He was a pending unrestricted free agent.

The extension is all base salary and includes a 10-team no-trade list for each season of the contract, according to CapFriendly.

The 27-year-old has blossomed on the Red Wings' top pairing with Moritz Seider. In 324:29 at five-on-five, the duo have posted a 52.6% Corsi-for and 58.2% expected goals-for, according to Natural Stat Trick. They lead both categories among Detroit pairings that have played at least 100 minutes.

Walman was acquired by the Red Wings on Mar. 21, 2022, along with Oskar Sundqvist and a 2023 second-round pick from the St. Louis Blues for Nick Leddy and Luke Witkowski. He signed a one-year contract worth $1.05 million as a restricted free agent in August.

The Red Wings are fifth in the Atlantic Division with a 28-23-8 record. They are three points behind the Pittsburgh Penguins for the final wild-card position in the Eastern Conference.

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