The Chicago Blackhawks made another move to expand their forward group and help another team's cap situation Thursday by acquiring winger Josh Bailey in a trade with the New York Islanders.

Bailey and a 2026 second-round pick were sent to the Blackhawks in exchange for future considerations. Bailey, 33, who played more than 1,000 games with the Islanders, has a year left on his contract worth $5 million.

The Edmonton Oilers traded forwards Kailer Yamamoto and Klim Kostin to the Detroit Red Wings for future considerations, the teams announced Thursday.

No salary was retained in the deal. Yamamoto has one year remaining on his contract at $3.1 million. Kostin is a pending restricted free agent. By shedding Yamamoto's contract, the Oilers have approximately $8 million in cap space (per CapFriendly) and key negotiations ahead with pending RFAs Evan Bouchard and Ryan McLeod.

In less than a month, Reilly Smith has gone from Stanley Cup champion to the newest member of the Pittsburgh Penguins after the Vegas Golden Knights traded the veteran forward for a 2024 third-round pick on Wednesday.

The Golden Knights just won their first Stanley Cup in their six-year history. Smith, who was part of the first Golden Knights team, was one of six players from the "Original Misfits."

The Colorado Avalanche acquired forward Ross Colton from the Tampa Bay Lightning in exchange for a second-round pick in Wednesday night's draft.

The Lightning receive the 37th overall pick, part of the package that Colorado acquired in Tuesday's trade that sent forward Alex Newhook to the Montreal Canadiens.

The Montreal Canadiens acquired forward Alex Newhook from the Colorado Avalanche on Tuesday in exchange for a first- and second-round pick in the 2023 NHL draft and defenseman Gianni Fairbrother.

The Calgary Flames traded leading scorer Tyler Toffoli to the New Jersey Devils on Tuesday in exchange for Yegor Sharangovich and the 80th overall pick in the 2023 draft.

The trade comes a week after a Daily Faceoff report that Toffoli, who has a year remaining on his contract, would not re-sign with the Flames.

In need of a second goaltender, the San Jose Sharks traded for one Tuesday when they got Mackenzie Blackwood in a deal with the New Jersey Devils.

The Sharks parted with a 2023 sixth-round pick to land Blackwood -- a pending restricted free agent in need of a new contract.

The Los Angeles Kings acquired Pierre-Luc Dubois from the Winnipeg Jets in a blockbuster trade Tuesday.

In return for Dubois, the Jets received forwards Alex Iafallo, Rasmus Kupari and Gabriel Vilardi, and a 2024 second-round draft choice.

Dubois also agreed to terms on an eight-year extension with the Kings, with an annual average value of $8.5 million.

The Philadelphia Flyers' rebuild is in full swing with the team trading center Kevin Hayes to the Blues Tuesday.

St. Louis is sending a sixth-round pick to Philadelphia, a small return because Hayes has three years left on his contract with a $7 million cap hit per year. The Flyers will help with that, retaining 50% of his salary.

The Boston Bruins have traded former Hart Trophy winner Taylor Hall to the Chicago Blackhawks.

Hall and the rights to pending unrestricted free agent forward Nick Foligno were sent to the Blackhawks on Monday for the rights to defensemen Ian Mitchell and Alec Regula, who are pending restricted free agents.