Notable deals
| Boston Bruins acquire | Date | Washington Capitals acquire | ||
|---|---|---|---|---|
 | Jason Allison | March 1, 1997 | Adam Oates |  |
| Jim Carey | Bill Ranford | |||
| Anson Carter | Rick Tocchet | |||
| 1997 3rd round pick (#63-Lee Goren) | ||||
| 1998 conditional 2nd round pick (if Capitals re-sign Tocchet) (#52-Bobby Allen) | ||||
| New Jersey Devils acquire | Date | Toronto Maple Leafs acquire | ||
|---|---|---|---|---|
 | Dave Ellett | February 25, 1997 | Jason Smith |  |
| Doug Gilmour | Steve Sullivan | |||
| 1998 4th round pick or 1999 3rd round pick (1999 #95-Andre Lakos) | rights to Alyn McCauley | |||
| Hartford Whalers acquire | Date | Detroit Red Wings acquire | ||
|---|---|---|---|---|
 | Paul Coffey | October 9, 1996 | Brian Glynn |  |
| Keith Primeau | Brendan Shanahan | |||
| 1997 1st round pick (#22-Nikos Tselios) | ||||
| Arizona Coyotes acquire | Date | Chicago Blackhawks acquire | ||
|---|---|---|---|---|
 | Jeremy Roenick | August 16, 1996 | Craig Mills |  |
| Alexei Zhamnov | ||||
| 1997 1st round pick (#16-Ty Jones) | ||||
| Dallas Stars acquire | Date | Pittsburgh Penguins acquire | ||
|---|---|---|---|---|
 | Sergei Zubov | June 22, 1996 | Kevin Hatcher |  |
| Edmonton Oilers acquire | Date | Detroit Red Wings acquire | ||
|---|---|---|---|---|
 | Dan McGillis | March 20, 1996 | Kirk Maltby | |
| Los Angeles Kings acquire | Date | St. Louis Blues acquire | ||
|---|---|---|---|---|
 | Craig Johnson | February 27, 1996 | Wayne Gretzky |  |
| Patrice Tardif | ||||
| Roman Vopat | ||||
| 1996 5th round pick (#123-Peter Hogan) | ||||
| 1997 1st round pick (#15-Matt Zultek) | ||||
| Los Angeles Kings acquire | Date | Dallas Stars acquire | ||
|---|---|---|---|---|
| Shane Churla | February 17, 1996 | Darryl Sydor | |
| Doug Zmolek | 1996 5th round pick (#112-Ryan Christie) | |||
| Anaheim Ducks acquire | Date | Winnipeg Jets acquire | ||
|---|---|---|---|---|
 | 1996 4th round pick (#92-Kim Staal) | February 7, 1996 | Chad Kilger |  |
| Teemu Selanne | Oleg Tverdovsky | |||
| Marc Chouinard | 1996 3rd round pick (#62-Per-Anton Lundstrom) | |||
| Toronto Maple Leafs acquire | Date | Dallas Stars acquire | ||
|---|---|---|---|---|
| Dave Gagner | January 28, 1996 | Benoit Hogue | |
| 1996 6th round pick (#140-Dimitriy Yakushin) | Randy Wood | |||
| New York Islanders acquire | Date | Ottawa Senators acquire | ||
|---|---|---|---|---|
 | Don Beaupre | January 23, 1996 | Wade Redden |  |
| Bryan Berard | Damian Rhodes | |||
| Martin Straka | ||||
| San Jose Sharks acquire | Date | Detroit Red Wings acquire | ||
|---|---|---|---|---|
 | Ray Sheppard | October 24, 1995 | Igor Larionov | |
| Pittsburgh Penguins acquire | Date | New York Rangers acquire | ||
|---|---|---|---|---|
| Petr Nedved | August 31, 1995 | Luc Robitaille |  |
| Sergei Zubov | Ulf Samuelsson | |||
| Edmonton Oilers acquire | Date | St. Louis Blues acquire | ||
|---|---|---|---|---|
| Curtis Joseph | August 4, 1995 | 1996 1st round pick (#14-Marty Reasoner) | |
| rights to Mike Grier | 1997 1st round pick (#15-Matt Zultek) | |||
| Boston Bruins acquire | Date | Pittsburgh Penguins acquire | ||
|---|---|---|---|---|
| Kevin Stevens | August 1, 1995 | Glen Murray | |
| Shawn McEachern | Bryan Smolinski | |||
| 1996 3rd round pick (#72-Boyd Kane) | ||||
| Hartford Whalers acquire | Date | St. Louis Blues acquire | ||
|---|---|---|---|---|
| Brendan Shanahan | July 27, 1995 | Chris Pronger | |
| Buffalo Sabres acquire | Date | Vancouver Canucks acquire | ||
|---|---|---|---|---|
 | Michael Peca | July 8, 1995 | Alexander Mogilny |  |
| Michael Wilson | 1995 5th round pick (#120-Todd Norman) | |||
| 1995 1st round pick (#14-Jay McKee) | ||||
| Pittsburgh Penguins acquire | Date | Ottawa Senators acquire | ||
|---|---|---|---|---|
| Norm Maciver | April 7, 1995 | Martin Straka | |
| Troy Murray | ||||
| Montreal Canadiens acquire | Date | New York Islanders acquire | ||
|---|---|---|---|---|
 | Vladimir Malakhov | April 5, 1995 | Craig Darby | |
| Pierre Turgeon | Kirk Muller | |||
| Mathieu Schneider | ||||
| New Jersey Devils acquire | Date | Detroit Red Wings acquire | ||
|---|---|---|---|---|
| 1995 3rd round pick (#78-David Gosselin) | April 3, 1995 | Vyacheslav Fetisov | |