April 3: Michaels’ deal is for this season, PuckPedia confirms. As such, it carries a prorated cap hit of $1.484MM. That includes a signing bonus of $40K with an NHL salary of $935K and a minors salary of $85K. He will immediately become a 10.2(c) player in July, meaning he’ll essentially be a restricted free agent who can’t sign an offer sheet.
April 2: The Oilers announced Thursday that they’ve signed Western Michigan University captain Owen Michaels to a one-year, entry-level deal. There’s conflicting information on when the contract takes effect; the team press release stated the deal will run for the last few weeks of this season, while the team tweet announcing the signing indicated the deal was for 2026-27.
In any event, the 23-year-old Michaels turns pro after a highly successful three-year run with the Broncos. The 6’0″ right-shot forward broke out as a top-of-the-lineup threat as a sophomore after being buried in the lineup as a freshman, erupting for 18 goals and 36 points in 42 games in 2024-25 en route to Western Michigan’s first-ever national championship. While the Broncos were knocked off by Denver in a regional final upset in the national tournament last week, Michaels was still relatively productive this year with a 13-13–26 line in 39 games.
At his age, the usual curve for an undrafted talent suggests he’ll top out as a high-end AHL contributor with some call-up potential, particularly since he never sniffed the point-per-game threshold in college. As Steven Ellis of Daily Faceoff relays, it’s his skating that will likely hold him back from becoming an everyday NHL piece. Still, he should be a good play-driver in AHL Bakersfield as a strong support piece for the Oilers’ higher-ceiling forward talent.
If Michaels’ contract is for next year (or if it takes effect immediately and he re-ups as a restricted free agent this offseason), Edmonton will have 33 deals on the books. If Michaels signed for 2025-26, he will be eligible to make his NHL debut in the regular season but won’t be eligible to play in any playoff games for the Oilers, much like they did with Quinn Hutson last year.

I can’t recall anytime where the Preds signed a free agent college forward with offensive upside like the Oilers did here. Really seem to drop the ball in that area.
His skating is only AHL level……….
Gotta give you credit John. You may make stuff up but you do it with confidence and enthusiasm.
Daily Faceoff scouting analyst Steven Ellis says of Michaels, “…was a big reason why Western Michigan won the NCAA title last year. Really competitive. Good support player who gets the puck where it needs to be. Can drive the play under pressure.
“Skating needs work. I’m not sure he’s more than an AHLer.”
Wow, one guy who is not sure. Great source. Well done.