Zach Werenski has emerged as the clear frontrunner in the 2025-26 Norris Trophy race among the three announced finalists, driven by his standout regular-season production that placed him at or near the top of NHL defenseman rankings in goals, even-strength scoring, and overall point totals. Columbus Blue Jackets blueliner's consistent two-way impact and career-best output have shifted trader consensus heavily in his favor, building on his second-place finish from the prior season. Cale Makar, a two-time prior winner, trails due to comparatively lower goal-scoring volume despite strong playmaking and defensive metrics, while Rasmus Dahlin's strong all-around contributions for the Sabres have kept him in contention but lag behind the leaders in key offensive categories. The market pricing reflects the Professional Hockey Writers' Association voting expectations heading into the June announcement.