NHL contract efficiency rankings 2026: Which teams spend their money most wisely?

The New York Times has published its 2026 NHL contract efficiency rankings, evaluating every team's cap sheet by assessing each player's market value against their actual cap hit and the probability of deals providing positive value. The Carolina Hurricanes and Montreal Canadiens are highlighted as standout performers, having made successful bets on young talent. The analysis notes that the shifting cap landscape over the past two years has left many older contracts looking favorable while newer deals appear less efficient.