Ahead of the Feb. 29 trade deadline, we're taking a look at each division to assess who's buying, who's selling, and who's standing pat.

There are plenty of buyers and there should be a few sellers in the Metropolitan Division as the deadline approaches.

The Metro boasts the best team in the league and a collection of competitive clubs, most of which likely feel they have a shot at the postseason and beyond.

That competitiveness makes it tricky for teams to decide whether to go all-in or be patient, but it also likely gives the clubs the impression that they should try to improve.

Here's what we think each team from the NHL's most vaguely named division should do prior to the deadline:

Buyers

New York Rangers

The Rangers sit comfortably in a playoff spot, but after a Stanley Cup Final defeat in 2014 and a Game 7 loss in the 2015 Eastern Conference final, their window to win it all is slowly closing.

New York remains the oldest team in the NHL, and the team has several obvious needs, including a skilled forward to offset the loss of Rick Nash, and goaltending depth.

Related - Alter: Rangers must deal at deadline to put aging roster over the top

They'll have nearly $5 million in cap space on deadline day, and there are several forwards who could help generate scoring chances on the wing for a New York club that ranks 20th in even-strength Corsi For percentage.

New York Islanders

The Islanders will have nearly $26 million in cap space on deadline day, so taking on salary in preparation for a deep playoff push won't be a concern.

They're sitting in third place in the division, and while there's plenty of talent on the roster, the Islanders have an opportunity to improve.

New York has skill up front with the likes of John Tavares, Kyle Okposo, Brock Nelson, and Ryan Strome, but they could certainly be deeper.

Okposo, Frans Nielsen, and aging defenseman Marek Zidlicky are pending unrestricted free agents, but Okposo is the only one with considerable value, and general manager Garth Snow has been tight-lipped about the forward's future in Brooklyn.

Travis Hamonic likely remains on the trading block given his personal situation. If they're able to accommodate him before the deadline, they'll need to add at least one, or preferably two, top-four defensemen. Even if they can't do that, they could use an upgrade over second-pairing left-handed shot Brian Strait.

New Jersey Devils

The Devils are right on the playoff bubble when many expected them to be sellers by this point in the season.

New Jersey's top-six has exceeded expectations, and Corey Schneider has been excellent in goal, but with nearly $40 million in cap space projected on deadline day, the Devils are in position to address their current needs while also setting themselves up for the future.

A pending UFA depth defenseman like Dan Hamhius or Kris Russell would give the Devils a boost for their playoff pursuit, and if their hypothetical addition opts to walk at season's end, that would give New Jersey even more cap flexibility, allowing them to complete the rebuild in 2016-17.

Columbus Blue Jackets

It's another lost season for the Blue Jackets, who hoped a healthier roster and the addition of Brandon Saad would vault them into the playoff hunt.

Columbus doesn't have much to sell, but they have even less to gain by buying or standing pat, and should seek every opportunity to clear cap space before the deadline.

The Blue Jackets have more than $25 million committed to five forwards for the next three seasons, and three of them (Saad, Brandon Dubinsky, and Nick Foligno) are on the books until 2020.

Columbus will have about $15 million in cap room on deadline day, but that will dwindle down to about $3 million by season's end.

Rene Bourque is a pending unrestricted free agent, as is defenseman Justin Falk, and the Blue Jackets should look to get whatever they possibly can for the pair.

Carolina Hurricanes

If the Hurricanes make the playoffs, they won't go far, so the future should be their priority.

Eric Staal hasn't been asked to waive his no-trade clause yet, but GM Ron Francis should broach the subject with his captain if he wants to continue building with the future in mind.

Staal hasn't played well recently (one point in his last eight games), so his value is low, but plenty of teams would likely consider the veteran forward, who has playoff experience and a history of scoring prowess.

Carolina has a ton of pending UFAs, including Staal, Kris Versteeg, Nathan Gerbe, and goaltender Cam Ward. It'll be a tough sell to fans if the Hurricanes are in a playoff spot at the deadline, but if they're on the outside looking in, Francis should put up the "for sale" sign.

Philadelphia Flyers

The Flyers, like the Hurricanes, are caught between an opportunity to rebuild and a potential playoff spot.

Philadelphia is five points back of the final playoff spot, three points behind Carolina. This won't be the Flyers' year, but they're in better shape than the Hurricanes in the long term.

There's a solid core in place with Claude Giroux, Jakub Voracek, and Wayne Simmonds all locked up long term, and Shayne Gostisbehere's blossoming as a rookie.

Still, Sam Gagner is in the final season of his contract at a cap hit of $3.2 million, and R.J. Umberger will be an unrestricted free agent after next season, although he comes at a cap hit of $4.6 million.

Neither player appears to have a future with the Flyers, and Philadelphia should look to move whichever non-core pieces they can to help facilitate the club's resurgence.

Washington Capitals

This is the Capitals' best chance to win a Stanley Cup in the Alex Ovechkin era, but they don't need to do anything significant to ensure that happens.

They're set in goal with Vezina Trophy front-runner Braden Holtby, and their forward depth is the best it's been in years with Evgeny Kuznetsov, Justin Williams, and T.J. Oshie bolstering the offense that continues to be led by Ovechkin and Nicklas Backstrom.

The defense, led by John Carlson and Matt Niskanen, has been fine, too.

Washington will only have about $1.1 million in cap space on deadline day, and while the Capitals do have a couple of pending UFAs, it would be shocking if they did much to disrupt a roster that's been unrivaled to this point.

Pittsburgh Penguins

The Penguins haven't exactly lived up to expectations following the Phil Kessel trade last summer, but they're still one of the Eastern Conference's most dangerous teams when Evgeni Malkin is healthy.

Pittsburgh is up against the cap, with less than $2 million expected to be available to general manager Jim Rutherford on deadline day.

They're in a wild-card spot now, and Malkin is close to returning, so given their financial limitations it wouldn't be surprising if the Penguins showed restraint on Feb. 29.

(Cap figures courtesy: General Fanager)

Copyright © 2016 Score Media Ventures Inc. All rights reserved. Certain content reproduced under license.