
The NHL postseason bracket is set. Now comes the chaos.
The Stanley Cup playoffs begin Saturday (April 18), bringing with them a wide-open field full of flawed contenders, shaky goaltending and a handful of teams that might be better than anyone expected.
Here are the five biggest storylines heading into the first round.
The regular season was marked by uncharacteristic struggles for teams that many expected to see make deep runs. This is particularly true in the Pacific Division, where usual stalwarts Vegas and Edmonton labored through the regular season.
Both had goaltending issues. The Knights won the Pacific Division despite winning fewer than half their games for the first time in franchise history. Edmonton broke a four-year streak of 100-point campaigns with just 93 points and 41 wins.
A first-round win for both teams — the Oilers over the Ducks, the Knights over Utah — would mean a date with each other in the second round for a spot in the Western Conference final.
— Edmonton Oilers (@EdmontonOilers) April 17, 2026
Goaltending issues are rampant.
Vegas' opening-night starter, Adin Hill, finished an injury-riddled campaign 93rd among 98 goalies in MoneyPuck's Goals Saved Above Expected metric. Ottawa's Linus Ullmark, who played better after returning from a midseason sabbatical, finished 91st in that metric. At least three teams will start goalies in this postseason who finished negative in that metric. That number could rise.
There are questions about who the starter is for Los Angeles, Minnesota and Pittsburgh. Montreal, Carolina, Edmonton and Colorado are likely to start untested playoff netminders. In Buffalo, the goaltending has been good, but it's also been closer to a committee approach, lacking a clear-cut favorite.
Only Boston, Tampa, Philadelphia, Dallas and Utah have total clarity in net. Of those five, Philadelphia's Dan Vladar and Utah's Karel Vejmelka are untested in the postseason. Dallas arguably has better goaltending from backup Casey DeSmith than starter Jake Oettinger.
There are six teams that are +3000 or worse in FanDuel's odds to win the Stanley Cup. This includes Pittsburgh (+3000), Utah (+3000), Philadelphia (+3500), Boston (+4000), Anaheim (+4500) and Los Angeles (+6000).
The Penguins have the most favorable path because they play Philadelphia in the first round. Plus, there's a chance they'd miss Carolina (+600) altogether in the second round because the Canes have an uncharacteristically difficult first-round matchup against Ottawa (+1400).
Another point for the long shots: Utah, Philadelphia and Boston will have goaltending advantages against most opponents.
WHAT A SAVE BY JEREMY SWAYMAN pic.twitter.com/nplyqZ3DcF
— NHL (@NHL) March 25, 2026
The Penguins are part of a group of teams that don't fit neatly into the upstart category. Pittsburgh walks in with at least three future Hall of Famers (centers Sidney Crosby and Evgeni Malkin and defenseman Kris Letang), a potent offense and one of the easiest first-round matchups.
Meanwhile, the beginning of a sea change in the NHL has resulted in the arrival of three long-time rebuilders to the postseason: Buffalo, Montreal and Ottawa. The latter two made the playoffs last season, but were dispatched quickly in the first round by superior opponents. All might qualify as upstarts in some years, but these teams present more as favorites this spring.
The NHL's bizarre playoff format resulted in some unsurprisingly bizarre matchups.
Carolina, top seed in the Eastern Conference, is rewarded with the fifth-best team in the conference (Ottawa) by record, rather than the eighth (Philadelphia). The third- (Tampa) and fourth-best teams (Montreal) in the Eastern Conference by record will meet in the opening round. Out west, the second-best team in the conference by record (Dallas) will face the third-best team in the conference by record (Minnesota) in the opening round.
No. 4 Ottawa vs. No. 1 Carolina opens the playoffs Saturday at 3 p.m. ET.
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