The turn of the new year in the NHL means it's time for teams to start formulating game plans for the trade deadline. Will they be buyers, sellers or wait to see how things play out in the coming weeks?
There are several key factors that go into these types of decisions, like a team's competitiveness, cap space, players with trade value and draft picks.
Here is a look at where every team in the Western Conference stands as we begin trade season (and be sure to check out the Eastern Conference preview here):
Note: All cap information is courtesy of CapFriendly.