Ryan Rishaug of TSN is reporting that the Edmonton Oilers have reached an agreement with restricted free agent center Ryan McLeod. The Oilers and McLeod were set to go to arbitration on August 4th, but have now reached a settlement without the help of an arbitrator. Rishaug is reporting that the deal is a two-year contract worth $2.1MM per season.
Last night, it was reported that the Oilers and McLeod were close to a deal but some recent developments around the league had changed the calculus. It is not yet known what changed today, but the Oilers took care of a big piece of business as they look to sign their final restricted free agents to new deals for the 2023-24 season.
McLeod just finished his third season in the NHL and has established himself as a good depth center who can provide some offense and play up in the lineup if needed. McLeod just finished a year in which he produced 11 goals and 12 assists in 57 games and posted good analytics as well. McLeod will still be a restricted free agent when his contract expires in two seasons and will remain in the driver’s seat if he continues to improve from year to year.
With this deal in place, it gives both sides certainty and security. For the Oilers it allows them to have a better understanding of the cap space they have available while they negotiate with defenseman Evan Bouchard. For McLeod, he gets to cash in on his first contract in the seven figures and gets the added security of having next year’s money guaranteed.