What's it going to be, ? Will the Senators finally ?Can anyone beat the Golden Knights'bone-headed contract for Ryan Reaves? These are just a few of the burning questions on every hockey fan's mind as he 2018 NHL free agency period begins Sunday, July 1, at noon ET, which promises a healthy dose of rumors, trades and extravagantsignings that usually accompany the first day of the new league year. Sporting News is live blogging all the chaos from the NHL's free agent frenzy, with commentary on the latest signings, rumors and trades that go down throughout the day. 2018 UFARANKINGS: | | NHL free agency 2018: Latest news, rumors 1:06 p.m. In a bombshell decision that broke up the monotony of an otherwise nondescript 2018 NHL free agency cla s, Tavares Watch ended shortly after 1 p.m. ET Sunday when the Toronto native announced he signed aseven-year contract with the Maple Leafs, calling it his "childhood dream." The deal is worth $77 million ($11 million AAV). Tavares informed the Islanders he would sign elsewhere Sunday morning. He was also considering offers from five other teams, including the Sharks, who reportedly sought to make Tavares the highest-paid player in the NHL. He turned it down to take a "calculated leap of faith" in pursuit of a Stanley Cup. John Tavares (@91Tavares) John Tavares (@91Tavares) Im thrilled to be starting a new chapter of my career and life in Toronto with the . I feel very fortunate to come join a team with a great young core and play where I grew up learning and loving the game. I cant wait to get started! John Tavares (@91Tavares) Not everyday you can live a childhood dream John Tavares (@91Tavares) 12:31 p.m. Michael Grabnerpicks Coyotes Michael Grabner, fresh off a third consecutive 27-goal season, was one of the better wingers available in this year's thin cla s, and it's the Coyotes who came out on top for his services. The 30-year-old has inked a three-year deal in Arizona worth $10.05 million. He even got to break his own news. three years, $3.35 M aav, Mr. Grabner joins the Coyotes Pierre LeBrun (@PierreVLeBrun) 12:07 p.m. While the Lightning await John Tavares' decision, they locked up one of their biggest2019 unrestricted free agents in defenseman Ryan McDonagh with a seven-year contract worth $47.25 million. McDonagh, acquired from the Rangers in a trade deadline blockbuster, will be 30 when Alec Burks Jersey the deal kicks in for the 2019-20 season. It also includes a full no-trade clause. Ryan McDonagh year by year breakdown: $8.4 M, $5.46 M, $8.4 M, $5.46 M, $8.4 M, $6.93 M, $4.2 M. All salary, no signing bonuses Pierre LeBrun (@PierreVLeBrun) MACS BACK! We have signed Ryan McDonagh to a seven-year contract extension worth $6.75 million (AAV) per season. The extension will commence with the 2019-20 season. : Tampa Bay Lightning (@TBLightning) Noon ET Blackhawks find way to get older with Chris Kunitz, 39, and Cam Ward, 34 OFFICIAL: Forward Chris Kunitz and goaltender Cam Ward have signed 1-year contracts and defenseman Brandon Manning has inked a 2-year deal with the . Welcome to Chicago! Chicago Blackhawks (@NHLBlackhawks) Avalanche add Matt Calvert, too Team: Colorado Avalanche Term: Three years, $8.4 million Reported by: Elliotte Friedman, Sportsnet COL was also believed to be getting Matt Calvert, for around 3x2.8 Elliotte Friedman (@FriedgeHNIC) Ian Cole benefits from thin blue line in free agency Team: Colorado Avalanche Term: Three years, $12.75 million Reported by: Elliotte Friedman, Sportsnet DAL to sign Blake Comeau Elliotte Friedman (@FriedgeHNIC) Tyler Bozak fillsPaul Stastny void in St. Louis Team: St. Louis Blues Term: Three years, $15 million Reported by: Chris Johnston, Sportsnet Tyler Bozak gets a three-year deal from St. Louis with a $5M AAV. Chris Johnston (@reporterchris) Antoine Rou sel gets paid by Canucks Team: Vancouver Canucks Terms: Four years, $12.8 million Reported by: Rick Dhaliwal, Sportsnet Rou sel in Vancouver will be 4 years and 3.2 million per season. Rou sel was the 1st player the agreed with, was high in their list. Rick Dhaliwal (@DhaliwalSports) Mike Green re-signs with Red Wings Team: Detroit Red Wings Terms: Two years, $10.75million UPDATE: The Detroit signed defenseman Mike Green to a two-year contract extension. Detroit Red Wings (@DetroitRedWings) Team: Vegas Golden Knights Terms: Three years Working on the aav for Paul Statsny in Vegas, but I believe hes agreed to a 3 year term. Darren Dreger (@DarrenDreger) Winnipeg learned late last night Statsny was likely headed in a different direction. Jets went beyond their cap comfort trying to keep him. Darren Dreger (@DarrenDreger) Bruins find a backup goalie in Jaroslav Halak Team: Boston Bruins Terms: TBA Reported by: Elliotte Friedman, Sportsnet Jaroslav Halak two years to BOS Elliotte Friedman (@FriedgeHNIC) Erik Karl son trade talks pick up on July 1 Team: Ottawa Senators Reported by: Bob McKenzie, TSN Action picking up on Erik Karl son trade talks in OTT. Some with teams prepared to take Bobby Ryan but some with teams not taking Ryan. Bob McKenzie (@TSNBobMcKenzie) Penguins reach deal with Jack Johnson Team: Pittsburgh Penguins Terms: Five years, $16.25M Reported by: Aaron Portzline, The Athletic Jack Johnson on his way to Pittsburgh this morning. The deal that has been widely reported 5 years, $16.25M will be signed and sealed soon. Aaron Portzline (@Aportzline) Carter Hutton to signwith Sabres Team: Buffalo Sabres Terms: Three years, $8.25 million Reported by: Andy Strickland, 590 The Fan Carter Hutton 3 year deal to come in at $2.75 AAV with . Left more money the table elsewhere Andy Strickland (@andystrickland) David Perron latest to sign with former team Team: St. Louis Blues Terms: Four years, $16 million Reported by: Elliotte Friedman, Sportsnet David Perron 4x4 in STL Elliotte Friedman (@FriedgeHNIC) Thomas Vanek is king of the one-year deal Team: Detroit Red Wings Terms: One year, $3 million Reported by: Craig Custance, The Athletic Sounds like Red Wings and Vanek got a deal done. One year, $3 million. Craig Custance (@CraigCustance) Tomas Plekanec, Canadiens agree to reunion Team: Montreal Canadiens Terms: TBA Reported by: Pierre LeBrun, The Athletic As we speculated for a while now, the Canadiens will announce the return of Tomas Plekanec today once the market opens. One-year deal. He had some serious interest from Chicago, I believe, but returns to the Habs Pierre LeBrun (@PierreVLeBrun) Team: Philadelphia Flyers Terms: Five years, $35 million Reported by: John Buccigro s, ESPN Source tells me James van Riemsdyk will sign a 5 year deal with . 7 million dollar cap number Bucci Mane (@Buccigro s) All indications are that James van Riemsdyk is going back to the Philadelphia on a deal to be announced Sunday. Frank Seravalli (@frank_seravalli) All quiet on Karl son, O'Reilly trade fronts ... for now Ryan O'Reilly stayed put through midnight ET which means the Sabres are on the hook for his $7.5 M bonus. Doesn't mean he still can't be traded but the Sabres, I think, told teams throughout that the price goes up now after the July 1 bonus is paid... Pierre LeBrun (@PierreVLeBrun) Fluid situation but appears likely scenario for Erik Karl son is.... 1) Gets traded to Vegas with Bobby Ryan sooner rather than later... 2) Senators look to free agency to fill open D spot as opposed to what would come back from Vegas. Mike Kelly (@MikeKellyNHL) Ryan Reaves is getting how much?! Team: Vegas Golden Knights Terms: Two years, $5.55 million Reported by: Darren Dreger, TSN Ryan Reaves is staying in Vegas. After discu sions with multiple teams, including extensive talks with Calgary, hes agreed to a 2 yr deal. Darren Dreger (@DarrenDreger) New Flames coach Bill Peters lures old 'Cane Team: Calgary Flames Terms: Three years, $9.375 million Reported by: Frank Seravalli, TSN Expect centre Derek Ryan to sign a three-year deal with the on Sunday. He left money on the table to reunite with Bill Peters after 20 teams expre sed interest. Frank Seravalli (@frank_seravalli) Derrick Walton Jersey