It is not surprising that Stephenson lands in Vegas, since Golden Knights president George McPhee drafted Stephenson while GM of the Capitals in 2012. Stephenson is a serviceable forward who can play all three positions up front. He will provide fourth-line depth and penalty-killing prowess, especially with Cody Eakin currently on the sidelines due to a concussion.

The Capitals are currently very much in a salary cap crunch, so they needed to move somebody out in order to continue to be cap compliant. Stephenson's $1.05 million cap hit is now off the books and Washington avoided further money issues (for now). The Caps also did well to add a fifth-round pick in '21 in this trade. They now boast eight picks in seven rounds for the '21 draft.

There is no fantasy impact here, as Stephenson is a depth forward who does not provide a lot of offense. His main value will continue to be his energy, speed, versatility and ability to kill penalties.