The Washington Capitals and the Carolina Hurricanes should battle for the top seed in the Southeast Division. There wasn’t really any big name signings for this division. Alex Tanguay signed a 1 year deal the lightning, and the Thrashers brought in Nik Antropov for $4 million a season. The Thrashers also added a decent offensive defenceman in Pavel Kubina, while only having really having to give up Garnett Exelby.
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ATLANTA THRASHERS
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| Players In | Players Out | ||
| Josh Gratton, LW/RW | FA – Phi | Joe Motzko, RW/LW | FA – Europe |
| Michael Vernace, D | FA – Col | Brett Skinner, D | FA – Col |
| Noah Welch, D | FA – TB | Clay Wilson, D/LW | FA – Fla |
| Anthony Stewart, RW | FA – Fla | Garnet Exelby, D | Trade – Tor |
| Peter Mannino, G | FA – NYI | Grant Stevenson, RW | FA – Europe |
| Drew MacIntyre, G | FA – Nas | ||
| Jason Krog, C/W | FA – Van | ||
| Nik Antropov, RW | FA – NYR | ||
| Tim Stapleton, C/LW | Trade – Tor | ||
| Pavel Kubina, D | Trade – Tor | ||
| Remaining Free Agents | |||
| Mike Hoffman, RW | Eric Perrin, W/C | Dan Turple, G | |
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CAROLINA HURRICANES
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| Players In | Players Out | ||
| Stephane Yelle, C | FA – Bos | Frantisek Kaberle, D | Released |
| Aaron Ward, D | Trade – Bos | Patrick Eaves, RW/LW | Trade – Bos |
| Zack Fitzgerald, D | FA – Van | Dwight Helminen, C | FA – SJ |
| Andrew Alberts, D | FA – Phi | Mark Flood, D | FA – NYI |
| Tom Kostopoulos, RW | FA – Mtl | Jakub Petruzalek, C/W | FA – Europe |
| Jay Harrison, D | FA – Tor | ||
| Steven Goertzen, RW | FA – Phx | ||
| Matthew Pistilli, RW | FA | ||
| Remaining Free Agents | |||
| Noah Babin, D | Ryan Bayda, LW | Trevor Gillies, LW | Joe Jensen, LW |
| Dan LaCouture, LW/RW | Daniel Manzato, G | Matt Murley, LW/RW | Dennis Seidenberg, D |
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FLORIDA PANTHERS
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| Players In | Players Out | ||
| Graham Mink, RW | FA – Wsh | Ville Peltonen, LW | FA – Europe |
| Jeff Taffe, LW/C | FA – Pit | Janis Sprukts, C | FA – Europe |
| Clay Wilson, D/LW | FA – Atl | Anthony Stewart, RW | FA – Atl |
| Ville Koistinen, D | FA – Nas | Drew Larman, C | FA – Bos |
| Scott Clemmensen, G | FA – NJ | Chad Kilger, LW/C | Retired |
| Steve Reinprecht, C/LW | Trade – Phx | Nick Boynton, D | FA – Ana |
| Tanner Glass, LW/RW | FA – Van | ||
| Karlis Skrastins, D | FA – Dal | ||
| Craig Anderson, G | FA – Col | ||
| Jay Bouwmeester, D | Trade – Cgy | ||
| Stefan Meyer, LW | Trade – Phx | ||
| Richard Zednik, RW/LW | FA – Europe | ||
| Remaining Free Agents | |||
| Jassen Cullimore, D | Steve Eminger, D | Franklin MacDonald, D | Brett McLean, LW/C |
| Vaclav Nedorost, C/LW | David Shantz, G | Mikhail Yakubov, C | |
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TAMPA BAY LIGHTNING
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| Players In | Players Out | ||
| Drew Miller, LW | Trade – Ana | Vaclav Prospal, LW/C | FA – NYR |
| Radim Vrbata, RW | Trade – Phx | Evgeny Artyukhin, RW/LW | Trade – Ana |
| David Hale, D | Trade – Phx | Wade Brookbank, LW | FA – Pit |
| Antero Niittymaki, G | FA – Phi | Justin Fletcher, D | FA – StL |
| Kurtis Foster, D | FA – Min | Jason Ward, RW/C | FA – Phi |
| Stephane Veilleux, LW | FA – Min | Cory Murphy, D | FA – NJ |
| Matt Walker, D | FA – Chi | Brandon Segal, RW | FA – LA |
| Mattias Ohlund, D | FA – Van | Noah Welch, D | FA – Atl |
| Alex Tanguay, LW | FA – Mon | Richard Petiot, D | FA – Chi |
| Josef Melichar, D | FA – Europe | ||
| David Koci, LW/D | FA – Col | ||
| Geoff Kinrade, D | FA – Ott | ||
| Remaining Free Agents | |||
| Andreas Holmqvist, D | Justin Keller, LW | Marek Malik, D | Mike McKenna, G |
| Janne Niskala, D | Matt Pettinger, LW/RW | ||
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WASHINGTON CAPITALS
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| Players In | Players Out | ||
| Jason Bacashihua, G | FA – Col | Brent Johnson, G | FA – Pit |
| Boyd Kane, LW | FA – Phi | Keith Seabrook, D | Trade – Cgy |
| Brendan Morrison, C/LW | FA – Dal | Graham Mink, RW | FA – Fla |
| Mike Knuble, RW | FA – Phi | Staffan Kronwall, D | FA – Cgy |
| Jake Hauswirth, C | FA | Donald Brashear, LW | FA – NYR |
| Sami Lepisto, D | Trade – Phx | ||
| Sergei Fedorov, C | FA – Europe | ||
| Viktor Kozlov, RW | FA – Europe | ||
| Remaining Free Agents | |||
| Jakub Cutta, D | Bryan Helmer, D | Daren Machesney, G | Travis Morin, C |
| Sasha Pokulok, D | |||