We're now one week away from the trade deadline, which means the entire league is being divided into buyers and sellers. This year, there's far more of the former than the latter, so much so that it might throw the market into chaos, or maybe lead to a very quiet week.
Still, most teams know where they stand by now. If you're a Cup contender or desperate for a playoff spot, you buy. If you're already toast, then you look to the future and let the firesale begin.
But what about those teams that are stuck somewhere in between? Even this late in the season, there are still some teams that could make a good case for either side of the equation. Maybe they're not quite sure if they're still in the running, or maybe they can't decide if this is the right year to make a push. But either way, they've got a few days left to make up their minds.
As we count down until March 1, here are five of the teams that present the toughest buy-or-sell call.
Toronto Maple Leafs
The case for buying: One year into the Auston Matthews era, the Leafs have been better than most expected and are right in the mix for an Eastern Conference playoff spot – and a run at home-ice or even a division title isn't completely out of the question. The team has access to a ton of cap room and plenty of picks and prospects to work with.
And maybe more importantly, they have a three-year window while Matthews and Mitch Marner are on their rookie contracts. James van Riemsdyk's cheap deal runs for one more year after this one. William Nylander needs a new contract after next season. The time to strike could be soon.
The case for selling: "Soon" doesn't mean now. The Leafs have been patient during this rebuild, and waiting another year to really swing for the fences would be the smart play. And with a handful of rental options like Roman Polak and Matt Hunwick, collecting a few more future assets might be a smart way to prepare for what's to come.
Where they'll end up: You never know with Lou Lamoriello and his fortress of silence, but for now it sounds like they're not planning to do much.
The case for buying: After making the playoffs last year, the Flyers have taken a step back and are fading from the race. But this team is good enough to do some damage, as they showed earlier this year when they won nine straight and briefly moved into the mix with other elite teams in the Metro. Ron Hextall has been patient since taking over the GM's job, but this team hasn't won a playoff round since 2012 and Claude Giroux and Jakub Voracek are in the late stages of their prime. At some point, it's time to take a step forward.
The case for selling: Timing is everything, and this year's Metro Division is so stacked that taking a run at it seems foolish. Better to move rentals like Mark Streit and Michael Del Zotto (and maybe even Steve Mason) and regroup for next year.