2016-17 has been a tough year for Fayne who has played in just one game with the Oilers this season (back on October 18th), getting hurt in the first period of that contest with an undisclosed injury. The fact that he has beeng waived is a sign that he is ready to come off of injured reserve as injured players cannot be waived. With the team already carrying seven healthy blueliners and a full 23-man roster, a move had to be made with Fayne ready to return.
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This is Fayne’s third season in the Oilers organization after joining the team in free agency from New Jersey in the summer of 2014. In 144 games with Edmonton, he has four goals and 12 assists with 32 penalty minutes and a -26 rating. He also had 48 points (13-35-48) in 242 contests over four seasons with the Devils.
Given that Fayne has a cap hit of $3.625MM and that he’s just coming off of injury, it’s unlikely that they will be able to find a taker for him. Assuming he clears, the Oilers will be able to clear $950K off of the salary cap if he is demoted to their AHL affiliate in Bakersfield.