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NHL Value Forwards: Identifying Underpaid Players for Trade and Free Agency Targets

Objective

Use NHL salary and performance data to identify forwards who significantly outperform their contracts, making them high-value targets for trades or free agency.

Key Questions

  • Which NHL forwards provide the most value per $1M of salary?
  • How does play-driving (xGF%) relate to team success?
  • What traits or metrics define an "undervalued" player?

Why It Matters

Teams constantly seek low-cost, high-impact players to build depth and stay under the cap. Identifying these players through data-driven analysis can give front offices a competitive edge.

Project Structure

  • data/: Raw and cleaned salary + performance data
  • notebooks/: Data cleaning, metric creation, and visualizations
  • visuals/: Value charts and scatter plots
  • README.md: Summary of methodology and findings

Metrics Used

  • Points per $1M AAV → offensive efficiency
  • xGF% per $1M AAV → play-driving efficiency
  • TOI/GP, GP → minimum usage thresholds
  • R² = 0.53 → proven correlation between xGF% and Win%

Tools

  • Python (Pandas, Matplotlib)
  • Google Colab
  • GitHub for versioning

Findings

  • xGF% correlates strongly with team win% (R=0.728)
  • Several players outperform their salary based on both production and play-driving
  • Ideal trade/FA targets are often middle-six forwards under $4M

Correlation: xGF% vs Win%

This scatterplot demonstrates the relationship between team xGF% and win percentage. With an R² of 0.53, this validates that xGF% is a reliable predictor of team success — supporting its use in player valuation.

xGF% vs Win% Correlation

Points per $1M vs AAV

This chart shows which NHL forwards provide the most offensive production relative to their salary. Players in the top-left are producing high point totals on low-cost contracts — ideal trade or free agency targets.

Best Value Forwards: Points Efficiency

xGF% per $1M vs AAV

This chart highlights forwards who drive strong on-ice performance (xGF%) relative to their salary. xGF% is a strong predictor of team success, so these players offer high-impact value beyond just scoring.

Best Value Forwards: Play Driving Efficiency

Top 15 Forwards by Combined Value Score

This bar chart ranks the most underpaid forwards in the NHL using a combined metric of scaled Points per $1M and xGF% per $1M. These players deliver elite production and play-driving efficiency relative to their cap hit.

Value Score Bar Plot

Top 15 Based on Value Metric Data: data/top_15_value_targets.csv

This plot is based on players filtered by cap hit (≤ $4M), TOI/GP (≥ 8), and GP (≥ 30).
Source data: data/final_value_targets.csv

Future Work

  • Add clustering by player archetype
  • Visualize team-level value capture
  • Introduce contract length, age curves, or playoff performance

Data Sources

  • Thank you to Natural Stat Trick for the in game analytic stats
  • Thank you to PuckPedia for the Salary Stats

Full analysis notebook: notebooks/nhl_value_forwards.ipynb

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Identify Undervalued NHL contracts using xGF% and Salary + Statistics

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