Nazem Kadri was one of the top free agents in this year's market and that's where he remains with August nearing.

The latest: The top centre available in free agency is still unsigned weeks after the signing period opened. The reports surrounding Kadri's decision have quieted down, making it difficult to glean where he may be headed.

Check out our latest Nazem Kadri odds for where the Stanley Cup champion will sign next.

Nazem Kadri odds

Odds as of 2:30 p.m on 07/27/2022.

Check out the latest odds for which team Kadri will sign with next.

Best odds to sign Nazem Kadri

The favourite: The field (+125)

It makes sense for the field to be listed as the favourite to sign Kadri due to the unusual amount of silence surrounding his prolonged status as a free agent.

The number of columns, blogs and articles pitching why "Team X" would be a good fit to land Kadri are plentiful, but there hasn't been any real news surrounding which teams are seriously pursuing the unrestricted free agent.

One theory that was recently floated out by Matt Larkin of The Hockey News makes some sense as to why Kadri remains unsigned. He suggested that Kadri has an informal agreement with a team who is currently looking to shed some salary cap in order to bring him aboard.

The theory is interesting but isn't a bulletproof explanation by any means. Turning down other offers for a potential contract seems like a bit of a gamble on Kadri's end.

The oddsmakers have it right with the field being the favourite to land Kadri. The teams looking to bring him aboard have done an excellent job operating in the shadows, meaning where he lands next will be an unsurprising surprise.

Teams to watch

Here's a little more on the other potential suitors for Kadri.

Avalanche (+150): If Kadri was trustfully waiting for a team to clear some cap space before officially signing him, it would make sense for that squad to be Colorado.

The 31-year-old has spent the last three seasons with the Avs and just won a Stanley Cup with them. The Avalanche also have $3,185,000 in cap space, according to PuckPedia, so it wouldn't require a ton of maneuvering to free up the necessary funds.

Islanders (+200): There are a few reasons why Kadri ending up with the Islanders makes sense. For starters, nobody loves secrecy more than general manager Lou Lamoriello. The hockey executive is notorious for playing things close to the vest.

The 79-year-old was also with the Maple Leafs when the team extended Kadri and the Isles have $10,385,037 in cap space, so money is of no issue.

Flames (+600): We're assuming Calgary is on here purely because you can't put anything past general manager Brad Treliving after the Matthew Tkachuk trade. The Flames also have $10,975,000 in cap space this late into the offseason and there's no reason why they shouldn't be entertaining the idea of adding Kadri.

Devils (+900): We're having a hard time justifying why New Jersey should be in on the Kadri sweepstakes. The Devils are already committed to Jack Hughes and Nico Hischier at centre which means someone would be getting paid some serious dough to centre the third line.

The team does have $7,984,208 in cap space available but winger Jesper Bratt remains a restricted free agent and is coming off a 73-point season.

Senators (+5,000): Ottawa has the cap space ($10,818,452) to pursue Kadri but signing him may not be the best use of resources. Both Tim Stuetzle and Alex DeBrincat are restricted free agents after this upcoming season and general manager Pierre Dorion would be wise to set some money aside to extend the two forwards.

Maple Leafs odds to sign Kadri

Odds: Maple Leafs (+10,000)

Toronto owns a 0.99 percent implied probability of signing Kadri and even that may be too generous of a chance.

There are plenty of reasons why it seems like a complete long shot for the Maple Leafs to sign Kadri, but it all begins with their cap situation. Toronto's projected cap space for this upcoming season is -$1,493,116. We're no salary cap specialists, but it seems like it would be very difficult to sign someone with negative money.

Read more: Odds to win the Stanley Cup

Secondly, general manager Kyle Dubas has already made it clear where he stands on Kadri as a player. Dubas and the Maple Leafs shipped him out of town three years ago in a trade that aged very poorly.

Lastly, bringing on another forward, especially a centre, doesn't make any sense. Toronto would presumably be asking Kadri to be the third-line middleman as he slots in behind both Auston Matthews and John Tavares.

We also doubt that his services will come cheap after a season where he scored 87 points in 71 games. Paying an exorbitant amount of money for someone who may play in the bottom six doesn't seem like wise decision-making.

The odds for Toronto to land Kadri are where they are for a reason.