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Edmonton Oilers To Buy Out James Neal

July 27, 2021 at 11:07 am CDT | by Gavin Lee 5 Comments

The Edmonton Oilers have placed James Neal on unconditional waivers today for the purpose of a buyout. He joins Martin Jones and Braden Holtby as three players bought out just as the first window expires. The Oilers will be on the hook for four seasons of cap penalties after the buyout is executed. The cap hits will be as follows:

  • 2021-22: $1,916,667
  • 2022-23: $1,916,667
  • 2023-24: $1,916,667
  • 2024-25: $1,916,667

Neal, 33, was once one of the most consistent goal-scorers in the NHL, recording ten straight seasons of at least 21 goals to start his career. He even reached 19 during the 2019-20 season with Edmonton, though 12 of them were on the powerplay and 14 came in the first 26 games of the season. Neal managed just five goals and ten points in 29 games this year for the Oilers, essentially losing his roster spot to other, cheaper forwards. The buyout today only confirms that, as the team moves in another direction.

Edmonton decided not to buy out Mikko Koskinen, but the Neal transaction will open up nearly $4MM in cap space that they can use moving forward. With Adam Larsson on to Seattle, the team is in dire need of a right-shot defenseman to play in the top-four, along with several forwards to help take some of the pressure off Connor McDavid and Leon Draisaitl. Neal was no longer going to be able to fill that role, meaning he had to go one way or another.

Still, it’s going to be tough looking down at a $1.9MM cap hit three years from now, when the cap still might not have increased at all and the Oilers are nearing the end of the contracts with their two stars. It was a necessary move to compete in the short-term, but having Neal on the books for four years is going to be painful.

Photo courtesy of USA Today Sports Images

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Edmonton Oilers| James Neal| Waivers

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View Comments (5)
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Comments

  1. secretsatan

    10 months ago

    I didn’t realize James Neal was still playing.

    1
    Reply
    • MacJablonski--NotVegasLegend

      10 months ago

      @secretsatan – Poor James Neal didn’t realize he was being turned into a human Barcalounger, until the writing really was on the wall.

      1
      Reply
  2. oilcntryrdnk

    10 months ago

    Someone will give him a shot at a bottom 6 role. The guy does put picks in nets. Last I checked that was a pretty important skill in the game. At his current cap hit they had no choice. Don’t fool yourself he can still play

    Reply
    • bigdaddyt

      10 months ago

      The guy can’t skate and spends half the year injured

      Reply
  3. KRB

    10 months ago

    Enjoy your time in Switzerland Jimmy

    Reply

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