This interview with Jim Nill illustrates the mindset most "buying" GMs probably have right now:
"Things are going to happen around the League as the days wind down to the deadline," Nill said. "It's just that the prices -- at least to me -- are still very high.
From our point of view, I'm not actively looking, so it's kind of a moot point to me. I'm not giving up a high draft pick or a top prospect for a rental. I'm just not doing that. I like where our team is at, and I'm not at the stage where we're going to do that."
Most teams probably don't think they're in a strong enough position to mortgage the future, and feel that what they have already is good enough for now.
I'm wondering if the days of paying a high price for a player at the TDL are coming to a close. Just speculation, but it appears to me that the pipeline of kids that have been succeeding in the NHL the past few years, and I suspect will continue to come into the league, possess a higher skill set and potential for success than those who teams are willing to move at the TDL. Teams want to be competitive for a number of years, and it's only a few teams that feel confident enough to trade for the 'difference maker' because of the desire to not lose the longer window of competitiveness vs the all in philosophy. Youth has the benefit of being cost controlled for a long time. An UFA or a player with but 1.5 years left and needing to be re-signed at a high price tag is less compelling these days when a RFA is being wrapped up at high dollars.
I think the 27-30 year old player is going to have to get used to getting a smaller contract in the years to come. Cap space is starting to lean towards youngsters.