If the Hurricanes lose touch in the playoff race before the deadline, Waddell would likely trade Ferland, but at the moment, he's considering keeping him.
"Maybe he's our rental player," Waddell said. "You trade him and then you might need someone like that if you're still in the thick of things, so you can look at it the other way and say, 'Well, we like him. We'd love to keep him, so why do we even think about trading him?"
Waddell went more in depth about the state of the Hurricanes in an interview with NHL.com.
On the state of the trade market:
"There's still lot of teams like us who are trying to figure out if they're in or out that are on the cusp, probably more so in the West because of how close it is out there. It's people that feel like one player is going to help them get in vs. you make a trade and give up an asset and don't get in. So, that's why I do think this one is going to go a little further. There might be a few little things happen here in the next little bit, but I think once we get to the middle of the month that's when things will really pick up."
On the potential return for trading a defenseman:
"More scoring. A centerman. We'd look at maybe a goalie for down the road. I think this year both guys [Petr Mrazek and Curtis McElhinney] have done a good job for us to put us in our position, but they are both unrestricted at the end of the year. So you've got to be careful there. I don't know what either one of their plans are, so we've just got to stay in tune with that. And defense, I think we look for the best forward, the best player regardless of the position. If there's a centerman, that would be ideal, but if it's a guy up front who can score, we always know [the importance of] scoring in the National Hockey League."
On whether captain Justin Williams, who is eligible to become an unrestricted free agent July 1, might be traded:
"He's been such a key part for us. We haven't talked to him, nor would I talk to him at this point. If we're in the thick of things, it's not even an option we'd think about. If something happened and we went the other way, then that would be something else we'd talk about."