The Athletic has live coverage of the NHL trade deadline.

In: 2026 third-round pick (Buffalo), 2026 sixth-round pick (Chicago), 2026 third-round pick (Islanders), Liam Greentree, Aidan Thompson, conditional 2026 third-round pick (Los Angeles, upgrades to second-round pick if Kings win a playoff series), conditional 2028 fourth-round pick (Los Angeles, but New York gets it only if the Kings win two playoff series), Jacob Battaglia
Out: Sam Carrick, Artemi Panarin, Carson Soucy, Derrick Pouliot, Brennan Othmann
Grade: D

The Rangers let the deadline come and go without moving their biggest trade chip: veteran center Vincent Trocheck. They’ve been shopping him for weeks, but team president Chris Drury set a high asking price and decided not to budge when no one met it. We know that the Minnesota Wild were heavily involved, as colleagues Michael Russo and Joe Smith have reported, and the Carolina Hurricanes, Detroit Red Wings, Boston Bruins and Utah Mammoth were among others believed to have expressed interest.

It’s a big risk to punt this into the summer, when Trocheck will turn 33, but he does have three years remaining on a contract that carries a $5.625 million cap hit. The Rangers believe it’s better to wait than accept a deal they weren’t thrilled with. Time will tell if it turns out to be a worthwhile gamble.

New York also decided to hold younger players such as forward Alexis Lafrenière and defenseman Braden Schneider, which always seemed likely, but discussions about both will bleed into the offseason, as well. The pressure on Drury to execute his self-proclaimed “retool” will only intensify from here.

For now, he didn’t come away with much that moves the needle. Greentree is the biggest asset they’ve acquired — he’s lighting the lamp at a torrid pace with the Windsor Spitfires in the OHL — but Drury’s overall return in the Panarin trade was hampered by the player’s no-movement clause. Carrick and Soucy helped replenish some mid- and late-round picks, but the Rangers haven’t done nearly enough to infuse the organization with the young talent it so desperately needs.

The team made one swap of young players Friday, sending Othmann to Calgary for Battaglia. The first draft pick of Drury’s tenure at the helm hit multiple speed bumps in his development and failed to establish himself as a consistent NHLer. It felt like time to move on for all parties, and the Rangers got back another young forward in the 19-year-old Battaglia, a 2024 second-round pick. He currently plays for OHL Flint, which happens to be Othmann’s former team. — Vincent Z. Mercogliano

This story will be updated.