In approximately 1 minute (from the time I am writing this), the floodgates will open.  The NHL’s free agency period will begin!  Keep it here for updates and commentary throughout the day (most recent transactions will be at the top).

10:07PM: Boston signs forward Michael Ryder to a 3-year deal worth $12 million.

This is a great pick up.  Ryder had a slow season in Montreal, but with a change of scenery we could see him return to form.  I think he’ll fit in really well in Boston.

10:07PM: New York Rangers re-sign goaltender Steve Valiquette.

8:18PM: New York Islanders sign defenseman Mark Streit to a 5-year contract worth $20.5 million.

8:04PM: Minnesota signs forward Craig Weller to a 2-year contract worth $600,000 a season.

7:51PM: Tampa Bay signs forward David Koci to a 1-year, two-way contract worth $525,000.

7:38PM: New York Rangers sign Wade Redden to a 6-year contract worth $6.5 million a year.

7:23PM: New Jersey signs forward Bobby Holik to a 1-year contract worth $2.5 million.

6:52PM: Toronto signs forward Niklas Hageman to a 4-year contract worth $12 million

6:45PM: New York Rangers re-sign defenseman Michael Rosival to a 4-year deal worth $20 million

6:45PM: Vancouver signs forward Darcy Hordichuk to a 2-year deal

6:45PM: Philadelphia signs forward Nate Raduns to a 1-year deal

6:45PM: Philadelphia signs forward Glen Metropolit to a 2-year deal

6:32PM: New Jersey signs forward Brian Rolston to a four-year deal worth $20 million.

Great signing for the Devils. Rolston is a great scorer, great penalty killer, and will aid their power play immensely.

6:32PM: New York signs forward Patrick Rissmiller.

6:10PM: Philadelphia signs defenseman Ossi Vaananen to a 1-year deal worth $1 million

6:07PM: Columbus signs defenseman Mike Commodore to a 5-year deal worth $18.75 million.

5:44PM: Chicago signs defenseman Brian Campbell to an 8-year deal worth $56.8 million.

Chicago wins the first big prize of the day in Campbell, the best defenseman on the market this year.  The second fantastic move by the ‘Hawks today.  Watch out for this team next year.

5:19PM: Buffalo signs goaltender Patrick Lalime to a 2-year deal worth $2 million.

Chicago clearly didn’t need 3 goalies, and Lalime is probably a more solid backup for Miller than Jocelyn Thibault.

4:31PM: Ottawa signs goaltender Alex Auld to a a 2-year deal worth $1 million.

4:17PM: Tampa Bay signs goaltender Olaf Kolzig to a 1-year deal worth $1.5 million plus bonuses.

Step in the right direction for the ‘Bolts, who had some serious problems between the pipes last year.

4:05PM: Vancouver signs RFA forward David Backes to an offer sheet worth $7.5 million over 3 years. St. Louis has 7 days to match or accept a 2nd round pick as compensation. UPDATE: St. Louis has matched the offer.

Barely 4 hours in and we already have our first offer sheet! Let the games begin.

4:05PM: Colorado signs forward Darcy Tucker to a 2-year deal worth $4.5 million.

Not where I expected Tucker would end up.  Solid signing, regardless.

3:47PM: Chicago signs goaltender Cristobal Huet

Guess that answers the questions about the Theodore signing earlier.  GREAT pickup for a young Chicago team that just barely missed the playoffs this year.

3:47PM: Florida signs forward Cory Stillman to a 3-year deal worth $10.6 million.

This will fill in some of the void left by Jokinen’s departure. First solid move made by the Panthers all summer.

3:47PM: New York Rangers sign forward Aaron Voros.

3:47PM: Pittsburgh signs forward Eric Godard.

3:39PM: Tampa Bay signs forward Adam Hall to a 3-year deal worth $1.8 million.

I am once again forced to ask — where is Tampa finding all of this money?

3:31PM: Toronto signs defenseman Jeff Finger to a 4-year deal worth $3.5 million a season

3:31PM: Toronto signs goaltender Curtis Joseph to a 1-year deal worth $700,000

3:15PM: Phoenix signs Todd Fedoruk to a 3-year deal

3:15PM: Detroit signs goaltender Ty Conklin to a 1-year deal worth $750,000

Solid backup for Osgood now that Hasek hung ‘em up.  Great signing by the Wings.

3:15PM: Montreal re-signs forward Andrei Kostitsyn to a 3-year deal worth $3.25 million a year

3:09PM: Colorado signs goaltender Andrew Raycroft to a 1-year deal

This is a questionable move.  With Budaj left as their starter and the horrible season Raycroft posted last year, Colorado is left with a bit of a question mark between the pipes.

TRADE: Los Angeles acquires Denis Gauthier and a 2nd round pick in 2010 to Philadelphia for Patrik Hersley and Ned Lukacevic

2:55PM: Washington signs goaltender Jose Theodore to a 2-year deal

I guess this means Huet is on his way out? Interesting decision by the Caps. Have to wonder if they hit a stumbling block in their negotiations and wanted to be sure they locked up a bonafide starter.

2:53PM: Phoenix signs defenseman Kurt Sauer to a 4-year deal.

2:14PM: Penguins sign defenseman Marc Eaton to a 2-year deal worth $2 million.

TRADE: Calgary acquires Rene Bourque from Chicago for a future second round draft pick

1:55PM: Minnesota signs Andrew Brunette to a 3-year deal worth $7 million.

1:33PM: Vancouver signs forward Kyle Wellwood to a 1-year deal worth $997,500.

TRADE: Minnesota acquires Marek Zidlicky from Nashville in exchange for Ryan Jones and a second round pick

12:55PM: Boston signs forward Blake Wheeler to an entry-level contract

12:52PM: Tampa Bay signs forward Radim Vrbata to a 3-year, $9 million contract.

Where is Tampa finding the money for all of this?!  Also, might they consider finding some defense? With Dan Boyle rumored to be heading out of town, all of this scoring won’t help them much if they don’t focus on building their blueline ASAP

TRADE: Edmonton sends forward Raffi Torres to Columbus for Gilbert Brule, and defenseman Joni Pitkanen to Carolina for forward Erik Cole.

Clearing out cap space, much?

12:04 PM: Anaheim re-signs Corey Perry to a 5-year deal worth an average of $5.325 million a year.

Solid signing for Anaheim. Perry was probably their best forward last year.

11:58 AM: Pittsburgh re-signs forward Pascal Dupuis to a 3-year deal averaging $1.4 million a year.

This signing will fly completely under the radar, as did Dupuis’ half of the Hossa deal, but he was a solid contributor for the Pens in the playoffs, even if it didn’t show on the scoresheet. Depending on how badly dismantled they get today, this could be a huge move for them.

11:58 AM: Detroit re-signs defenseman Brad Stuart on a 4-year, $3.75 million a year deal.

11:35AM: New Jersey re-signs forwards Jay Pandolfo, David Clarkson, and Barry Tallackson.  Declines option on forward Sergei Brylin.

A great signing of the core of the team at the last minute for the Devils.  As much as it hurts to see Brylin go, he was past his prime and will make room for some fresh blood.

10:21AM: New Jersey re-signs defenseman Bryce Salvador to a four-year deal worth $2.9 million a year.

8:45 AM: Washington re-signs defenseman Mike Green to a four-year deal worth an average of $5.25 million a year.

This kid is the real deal.  Nice move by Washington to avoid crazy offer sheets.