Latest rumblings: Bryan McCabe to Rangers? Chris Phillips' decision and more

Bryan McCabe could finally be on the move this weekend.

"Something may happen today," a source close to the situation told ESPN.com Saturday morning.

The Florida Panthers captain, an unrestricted free agent July 1, had spent the past few days deciding whether he'd be willing to waive his no-movement clause. It appears he's willing to waive it for the New York Rangers.

As of 10:30 a.m. ET, a Panthers source said no trade was in place and there was still work to be done. But expect the Panthers and Rangers to try to work out a trade sometime this weekend.

Another Panther, meanwhile, may no longer move. Chris Higgins was injured Friday night in Florida's 2-1 shootout win over Atlanta. He's expected to be out three weeks. An unrestricted free agent on July 1, he was expected to be among those dealt before Monday's 3 p.m. ET deadline and while that could still happen, the interest in an injured Higgins is obviously lessened now.

In Chicago, meanwhile, a source told ESPN.com Saturday morning that the Blackhawks were on the verge of signing defenseman Brent Seabrook to a five-year contract extension. Seabrook was slated to be a restricted free agent July 1, but the Hawks were obviously concerned he might get an offer sheet in the summer. Seabrook's deal will be worth between $5.6 million and $6 million a year.

In Ottawa, the Senators continue to talk with the Chris Phillips camp. Will he sign or will he be traded? He's nearing a decision, a source told ESPN.com Saturday. Both sides are still not in agreement on terms for an extension as of Saturday morning.