The Montreal Canadiens and New York Rangers completed a six-player trade on the eve of the free agent rush.
Montreal receives Scott Gomez, Tom Pyatt and Mike Busto. New York gets Chris Higgins, Ryan McDonagh and Pavel Valentenko.
The deal essentially swaps Gomez for Higgins and a pair of prospects each way.
Early analysis: The Canadiens have the most cap space in the NHL and showed it with a move like this. Scott Gomez has a cap hit of $7.357 million over the next 5 years, while Higgins will be a RFA on Wednesday. Higgins made $1.9 million last season. Of course, the Rangers are not obligated to sign Higgins and basically just dumped $6.7 million dollars in salary... possibly clearing the way to acquire Dany Heatley?