The opening day of the 2024 NHL free agency was marked by significant spending and high-profile signings, with over $1 billion committed to contracts. Notable moves include Steven Stamkos joining the Nashville Predators and Jake Guentzel signing with the Tampa Bay Lightning, facilitated by the salary cap increase to $88 million. Despite the flurry of activity, key players like Vladimir Tarasenko remain available. The day also saw teams like the Florida Panthers securing long-term deals for players such as Sam Reinhart. This free-agent frenzy underscores the dynamic shifts within NHL teams as they prepare for the upcoming season.