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Edmonton Oilers Facing Salary Cap Overage

May 5, 2022 at 8:44 pm CDT | by John Gilroy 11 Comments

With the conclusion of the regular season, we can now begin to see the final numbers on performance bonuses in player contracts from the 2021-22 season. Two of these bonus figures will end up posing a small issue for the Edmonton Oilers, who owe $896K in performance bonuses to Evan Bouchard and Ryan McLeod (link). Bouchard, who just finished the second year of his three-year entry-level contract, earned $850K in performance bonuses this year for goals, assists, points, and points-per-game. McLeod, who is in the final year of his entry-level contract, earned $46K out of a maximum $57.5K games played bonus. Altogether, Edmonton owes an additional $896K, which counts against the salary cap.

Because the Oilers finished over the salary cap by using LTIR, the entire $896K will now count against next season’s salary cap for Edmonton. While this number may not seem like much at all, the NHL is currently in a flat salary cap period, and therefore every dollar counts. With the salary cap for the 2022-23 season at $82.5MM, Edmonton has already committed just over $70.2MM in salary for next season, and just under $4.3MM of it belongs to James Neal, Andrej Sekera, and Milan Lucic – none of whom play for the team any longer.

The $12MM Edmonton has in remaining cap space may also seem like a comfortable margin, but factoring in their six UFAs, including defensemen Kris Russell and Brett Kulak, who have become key pieces that could each earn a raise next season over their $1.25MM and $925K cap hits respectively, and forward Evander Kane who has rebounded nicely since signing with the club in January, their situation becomes a bit more tight. The Oilers also have three pending RFAs in Jesse Puljujarvi, Kailer Yamamoto, and McLeod, each likely due at least a modest raise (the two former each made $1.175MM this season).

Edmonton is not exactly in a dire cap situation this offseason, having their core, including two of the best players of their generation, signed long-term for the most part. However, their situation, especially in a flat-cap, is an example of how even the most seemingly harmless of concerns, like an $896K bonus overage, can have a ripple effect for the organization and its offseason planning.

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Edmonton Oilers| NHL| Players Evan Bouchard| Ryan McLeod| Salary Cap

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View Comments (11)

Comments

  1. bkbkbkbk

    3 years ago

    Overages and are gonna lose the series 4-2

    Reply
    • Doghockey

      3 years ago

      How do you know this?

      Reply
    • KAR 120C

      3 years ago

      Crystal Ball. Bet serious money on it.

      Reply
    • wreckage

      3 years ago

      if Oilers lose 4-2 flames lose 4-1.

      Playoffs are a crapshoot.

      1
      Reply
  2. KAR 120C

    3 years ago

    Here is hoping Kassian keeps bringing his playoff A-game and Barrie looks hot and bothered as well so they can be moved out.
    The article misses that Nurse is about to get a wage increase and although Koskinen’s 4.5m is out, something equivalent might have to come in… unless Skinner can take the next step.

    Reply
    • Joe Carters walkoff

      3 years ago

      Im sure the cap total is including Nurses wage increase

      Reply
  3. wreckage

    3 years ago

    Holland will find a way to screw his team. Sign Kane for 8×8 and trade Nuge for a 4th or something of the sort.

    1
    Reply
    • jdgoat

      3 years ago

      He’ll give Dekeyser his second brutal overpay

      Reply
  4. Karlander

    3 years ago

    Holland nearly single handedly destroyed the Redwings his last five years there and he will do so with Edmonton. He is a hasbeen.

    Reply
  5. Pleasant

    3 years ago

    Isn’t a goalie signing also needed?

    Reply
  6. GWNorth

    3 years ago

    Every competitive team have salary cap issues. All the Oiler haters are changing their tune now. Gone are the comments about the Oilers being a two man team. 17 goals in the first 3 games and McDavid and Draisaitl combined have 3?

    Reply

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