NHL

The Next First-Time Stanley Cup Champion: Who's Actually Close?

There are 10 teams without a Cup: Vancouver, Buffalo, Ottawa, Winnipeg, Minnesota, Columbus, San Jose, Seattle, and Utah's new franchise. Who's "actually close," based on recent futures and projection work? Vancouver Canucks: 56 years, three Finals, and viewed as the most historically snake-bit, but they show up as one of the top "never won" candidates in futures breakdowns. If their core holds and they stay in the top half of the league by points percentage, they're near the front of the line.

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February 23, 2026
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Vancouver Is the Front-Runner

Vancouver has been chasing a Cup for 56 years. Three Finals appearances. No titles. They're the most historically snake-bit franchise in hockey, but they're also the closest to breaking through.

Vancouver shows up as one of the top "never won" candidates in futures breakdowns. If their core holds and they stay in the top half of the league by points percentage, they're near the front of the line.

The factors that make Vancouver the front-runner:

  • Young core (Pettersson, Hughes, Demko)
  • Solid defense and goaltending
  • Competitive in a tough Pacific Division

If Vancouver makes the playoffs and Demko stays healthy, they can make a deep run. They're the most realistic first-time champion in the short term.

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Buffalo Is the Other Veteran Long Shot

Buffalo Sabres: also 56 years, two Finals, still chasing a breakthrough. They have a young core and are cited as one of the "best-chance" never-won teams, though they're behind Vancouver in near-term probability.

Buffalo's young core (Dahlin, Power, Thompson) gives them potential, but they're not as close to contending as Vancouver. They need more time to develop.

The Buffalo timeline:

  • Short term (1 to 3 years): not close
  • Medium term (3 to 7 years): possible if the young core develops

If you're betting Buffalo to win their first Cup, you're betting on a 5 to 7 year timeline, not a 1 to 3 year timeline.

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Utah and Seattle Are the Expansion Curve Candidates

Recent expansion and new markets: Utah and Seattle are explicitly mentioned as up-and-coming "never won" clubs. Utah with a surprisingly strong 89-point Year 1, Seattle with an early second-round run. They're not top-tier now, but structurally they're on a better trajectory than long-stagnant clubs.

Expansion teams that draft well and manage the cap efficiently can become contenders within 5 to 7 years. Utah and Seattle are both on that trajectory.

The expansion curve timeline:

  • Utah: 89 points in Year 1, building something special
  • Seattle: early second-round playoff run, young core developing

If you're betting the next first-time champion on a medium horizon (3 to 7 years), Utah and Seattle are the value plays. They're not close now, but they're trending up fast.

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Winnipeg and Minnesota Are the Long Shots

Winnipeg and Minnesota: both have reached conference finals but never broken through. They're regularly listed among the most likely never-won teams to crack a run if goaltending and health align.

Winnipeg has Hellebuyck. If he gets hot in the playoffs, they can make a deep run. Minnesota has solid depth but no elite superstar. They need everything to align.

The Winnipeg and Minnesota cases:

  • Winnipeg: Hellebuyck can steal series, but the offense is thin
  • Minnesota: solid all-around team, but no elite star to carry them

If you're betting Winnipeg or Minnesota to win their first Cup, you're betting on goaltending variance (Winnipeg) or perfect health and depth clicking (Minnesota).

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How to Bet the Next First-Time Champion

The smart betting strategy is splitting bets across short horizon (1 to 3 years) and medium horizon (3 to 7 years).

Short horizon (1 to 3 years): Vancouver and Winnipeg. Vancouver is the most realistic first-time champion. Winnipeg has Hellebuyck, who can steal series.

Medium horizon (3 to 7 years): Utah and Seattle. Both expansion teams are on strong trajectories. If they draft well and develop their young cores, they'll be contenders by Year 5.

The bet sizing:

  • Vancouver at +1500 to +2000 (realistic short-term path)
  • Winnipeg at +2000 to +2500 (goaltending variance play)
  • Utah and Seattle at +5000 or longer (medium-term value)

Don't overload on one team. Spread bets across multiple timelines.

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The Bottom Line on First-Time Champions

Vancouver is the front-runner to be the next first-time Stanley Cup champion. 56 years, three Finals, and they're finally close to breaking through.

Buffalo is the other veteran long shot, but they're 3 to 7 years away. Utah and Seattle are the expansion curve candidates. Both are trending up fast and could be contenders by Year 5.

Winnipeg and Minnesota are long shots that need goaltending variance (Winnipeg) or perfect health and depth (Minnesota) to win.

The smart bet is splitting exposure across short horizon (Vancouver, Winnipeg) and medium horizon (Utah, Seattle). Don't overload on one team. Spread bets across multiple timelines.

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