Now in the final stretch before the Golden Knights select one player from every other team in the league, McPhee has been receiving non-stop phone calls from opposing GMs looking to make deals.
Whether it's another team offering the Golden Knights a package to "not" take a certain player off their roster or offering Vegas additional players of their rosters in exchange for a promise to take a certain player off their roster, McPhee's been fielding offers from all comers.
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During the NHL Combine this past week in Buffalo, McPhee said that many of those conversations escalated.
And that we may start seeing some transactions announced soon.
"We're far enough along with a few teams that my plan is to sit on the phone all day Monday, Tuesday to see what we can accomplish," McPhee said
"We've had some real good discussions and I expect some things will start happening next week."
What those moves would be, at this point, is anybody's guess.
Although having said in the past that he'll listen to all offers, including a willingness to make any player accessible to the Golden Knights available to any other team in the league - which could be done through three-way trades - this week and next have enormous potential to be filled with action.
"There are teams that really want to protect some people and protect their rosters, and they're willing to pay a pretty fair price to get us to lay off certain people and go in a different direction," McPhee said.
"Most of the guys have been really forthright in what they want to do, who they'll probably expose and who they'd like to protect," McPhee said. "We're trying to find ways to accommodate each other. We won't be able to do that with everyone."