The Detroit, Michigan Red Wings have made a number of changes since 2005 under the guidance of coach Mike Babcock including the buyout and waiving of contracts for Darren McCarty, Derian Hatcher, and Ray Whitney. This gave them some room under the salary cap to bring back goaltender Chris Osgood.
In 2006 the Red Wings won the Presidents Cup and home advantage throughout the playoffs. Nicklas Lidström got his fourth James Norris Memorial Trophy and Pavel Datsyuk brought home the Lady Byng Memorial Trophy. Chris Osgood and Nicklas Lidström signed on for 2-year extensions.
After 22 seasons Steve Yzerman retired along with his number 19 and became vice president of the club.. Nicklas Lidström became the captain for the 2006-2007 season.