The Sharks have agreed to a five-year contract with Dillon.
Analysis: The Sharks acquired Dillon during last season from Dallas in exchange for Jason Demers and a draft pick. The 24-year-old Dillon had two goals and seven assists in 60 games for San Jose and is being counted on as a key part of the Sharks' defense in the future. Dillon has 11 goals and 24 assists in 209 career games with Dallas and San Jose.
The Devils gave Larsson a qualifying offer on Monday.
Analysis: Larsson played in 64 games this past season, collecting three goals and 21 assists. The fourth pick overall in the 2011 NHL draft, the 22-year-old played his best hockey in the second half of the season.
The Chicago Blackhawks have agreed to terms with Rundblad on a two-year extension through the 2016-17 season.
Analysis: The 24-year-old Rundblad had three goals and 11 assists in 49 games with the Blackhawks last season along with a career-best plus-17 rating. He saw time in five playoff games as the Blackhawks relied primarily on four defensemen to win the Stanley Cup championship.
Niemi has signed a three-year contract with the Dallas Stars. The deal Monday came two days after Dallas acquired Niemi's contract rights from San Jose for a seventh-round pick during the draft and two days before the goaltender would have become an unrestricted free agent.
Analysis: Niemi won all 16 postseason games for Chicago in 2010 when the Blackhawks won the Stanley Cup title. He went to San Jose as a free agent after that season. The 31-year-old Niemi, who is from Finland, has a 190-100-40 regular-season record with a 2.39 goals against average in his NHL career with Chicago (2008-10) and San Jose (2010-15).
The Los Angeles Kings have terminated Richards' contract, claiming the forward committed a ''material breach'' of its terms. The Kings announced their newest tactic Monday in their attempt to get out from under Richards' enormous deal.
Analysis: The Kings refused to say why they're terminating Richards' deal, which carries an annual salary cap hit of $5.75 million through 2020. Los Angeles placed Richards on waivers again over the weekend. The Kings were thought to be attempting a buyout of that deal that would lessen his cap hit by spreading it out through 2025. The club demoted Richards to the minors last season after the two-time Stanley Cup champion's play declined sharply.
The Nashville Predators have signed Watson to a two-year contract. Watson's contract includes a two-way deal for 2015-16 that pays him $575,000 when he's in the NHL and $100,000 when he's in the American Hockey League. Watson will have a one-way, $575,000 contract in 2016-17.
Analysis: The 23-year-old Watson scored 26 goals this past season for the Predators' AHL affiliate in Milwaukee. He tied for second among all AHL skaters with eight game-winning goals and tied for 14th in the league in overall goals. Watson has scored one goal and played in six NHL games with Nashville. All his NHL appearances came in the 2012-13 season.
A person familiar with the decision has told the Associated Press that the Buffalo Sabres have placed Hodgson on unconditional waivers with the intention of buying out his contract. The person spoke on condition of anonymity because the move has not been announced.
Analysis: Hodgson has four years and $19 million remaining on his contract, one of the last significant deals under former general manager Darcy Regier. The contract carries a $4.25 million salary cap hit. Sabres general manager Tim Murray said the move was being considered as recently as two weeks ago.
The Carolina Hurricanes have agreed to terms for a two-year deal with Nestrasil. The deal will pay the forward $875,000 this season and $950,000 in the 2016-17 season.
Analysis: In a statement, general manager Ron Francis says the 6-foot-3, 200-pound Nestrasil has good size and is ''a good fit for our team and what we're trying to do.'' The 24-year-old made his NHL debut last season, scoring seven goals with 13 assists in 54 games with Detroit and Carolina. The Hurricanes acquired him on waivers in November.
The Pittsburgh Penguins and Cole have agreed to a new contract. The three-year deal, announced on Monday, has an average value of $2.1 million per season and will keep Cole with the Penguins through the 2017-18 season.
Analysis: Pittsburgh acquired the 26-year-old Cole from St. Louis in March in exchange for defenseman Robert Bortuzzo. Cole had one goal and seven assists in 20 games with the Penguins while averaging 18:28 of ice time. He posted career highs in goals (five), assists (12) and penalty minutes (51) in 74 combined games with Pittsburgh at St. Louis.
A person familiar with the decision has told The Associated Press that the Los Angeles Kings placed veteran forward Mike Richards on unconditional waivers for the purpose of buying out the remainder of his contract. The person spoke on the condition of anonymity on Sunday because the Kings have not announced the decision.
Analysis: It's a pricey move for the Kings, because Richards has five years left on a $69 million, 12-year contract that carries a $5.75 million annual salary cap hit. Richards' future in Los Angeles was already in question after the Kings demoted the 10-year NHL veteran to Manchester, their American Hockey League affiliate, in January.
The New York Rangers acquired Raanta from the Chicago Blackhawks for forward Ryan Haggerty.
Analysis: The 26-year-old Raanta was 7-4-1 with a .936 save percentage and 1.89 goals-against average in 14 games for the Stanley Cup champion Blackhawks this season. Raanta is 20-9-5 in 39 career games, all with Chicago. He made his NHL debut in 2013.
The Minnesota Wild have agreed to terms with Dubnyk on a six-year contract. The Wild announced the agreement on Saturday. Dubynk was acquired from Arizona in a trade in mid-January, and his arrival was the biggest reason for Minnesota's incredible turnaround.
Analysis: The Wild were languishing at 18-19-5 before Dubnyk arrived. But he played in 39 of the final 40 games of the season, posted a 1.78 goals-against average and carried the Wild to the sixth seed in the Western Conference playoffs. They beat St. Louis in the opening round before getting swept by the Chicago Blackhawks in the semifinals.
Arizona received defenseman Nicklas Grossmann and the contract of Pronger on Saturday from Philadlephia in exchange for Sam Gagner and a draft pick. The draft pick will be a conditional fourth-round pick in 2016 or a third-rounder in 2017.
Analysis: A former winner of the Hart and Norris trophies, Pronger has not played since 2011-12, when he appeared in 13 games with the Flyers.
Philadelphia traded Grossmann and the contract of Chris Pronger to Arizona on Saturday for forward Sam Gagner and a draft pick. The draft pick will be a conditional fourth-round pick in 2016 or a third-rounder in 2017.
Analysis: Grossmann had five goals and nine assists in 68 games with the Flyers last season. The Swedish player has 10 goals and 69 assists in 531 career NHL games with Philadelphia and Dallas.
Arizona traded Gagner and a draft pick to Philadelphia on Saturday for defenseman Nicklas Grossmann and the contract of Chris Pronger. The draft pick will be a conditional fourth-round pick in 2016 or a third-rounder in 2017.
Analysis: Gagner had 15 goals and 26 assists in 81 games after being traded to Arizona from Tampa Bay before last season.