Players get decked out in their best suits, the league's best personalities flood Las Vegas and this year plenty of intrigue surrounds the biggest awards to be handed out on Wednesday night.
For the Vezina Trophy, Jonathan Quick captivated the hockey world with his incredible string of play during the Los Angeles Kings' run to the Stanley Cup. But the voting committee will not soon forget Henrik Lundqvist's regular season dominance.
While Evgeni Malkin is a runaway for the Hart Trophy, the Norris Trophy is once again a hot debate. Erik Karlsson racked up tons of points, while Shea Weber and Zdeno Chara can each make a case for being the league's best blueliner.
Pavel Datsyuk has won the Selke Trophy as the NHL's best defensive forward in three of the last four seasons, but Patrice Bergeron may give him a run for his money with his league-best plus-36 this season.
And was Ken Hitchcock's turnaround with the Blues more impressive than Paul MacLean leading the Senators to the playoffs or John Tortorella helping the Rangers claim the top seed in the Eastern Conference?
Take a look at the predictions for all of the major awards, and be sure to tune in on Wednesday for what should be an entertaining end of the year celebration.
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