While unrestricted free agency is going to grab most of the headlines, July 1 also represents the first day clubs can start working on extensions for players on the last year of their contract in 2014-15. The two biggest names in that group are on the same team. Jonathan Toews and Patrick Kane will see their most recent contracts expire at the end of the upcoming season, but Chicago Blackhawks general manager Stan Bowman has been emphatic in his desire to re-sign the high-scoring duo.

However, if initial reports hold true, Bowman is going to have to spend big time to keep both. According to Bob McKenzie of TSN, it is believed that Kane and Toews are asking for new contracts with an annual average of $12 million for each.