The early playoff exit led to some speculation that this was the "end of an era" for the Devils. This proved to be correct, as on July 1, 2007, long-time Devils Scott Gomez and Brian Rafalski left the team as unrestricted free agents, Gomez to the rival New York Rangers and Rafalski to the Detroit Red Wings. Though the Devils signed Sabre forward Dainius Zubrus and Ranger defenseman Karel Rachunek shortly after. On July 5, the Devils signed Rangers goalie Kevin Weekes as a backup to Brodeur, as well as Predators defenseman Vitali Vishnevski on July 10.

The Devils play their home games in Newark at the Prudential Center, which first opened for the 2007-08 season. Previously, they played at the Continental Airlines Arena,in East Rutherford, NJ, which is now named the Izod Center.