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Edmonton Oilers To Sign Lane Pederson

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The Edmonton Oilers are signing forward Lane Pederson to a two-year, one-way deal worth $775K per season, per Daily Faceoff’s Frank Seravalli.

The 25-year-old Saskatoon native is an accomplished AHL scorer who has scored around a point-per-game rate in the American League in recent seasons without much success in the NHL. He played for two NHL clubs last year and scored a combined six points in 27 games.

He has the versatility to play both center and wing and has been an alternate captain in earlier locations during his career, so his signing will be a major benefit to the Oilers’ AHL affiliate, the Bakersfield Condors, should he fail to make the team out of training camp and clear waivers.

While he was claimed off of waivers this past season that may not be as much of an issue at the start-of-season waiver period since significant injury issues down the middle were a significant motivator to Columbus placing their claim.

Teams are unlikely to be in similarly dire positions at the start of the season, meaning Pederson has a solid chance of starting the season in Bakersfield, where he’d instantly be among their most important players as well as a priority call-up option should the Oilers themselves run into some injury trouble.

Matt Nieto Expected To Sign With Pittsburgh Penguins

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The Pittsburgh Penguins are getting a head start on free agency, reportedly getting a veteran addition to their bottom six. Winger Matt Nieto is expected to sign a two-year deal worth $900K to join the Penguins, says TSN’s Darren Dreger, who previously reported Nieto was heading to Edmonton.

Nieto, 30, is a respected bottom-six player who split last season between the San Jose Sharks and Colorado Avalanche. Nieto has averaged just over 14 minutes of ice time per night in his career, though he saw his ice time drop dramatically after his mid-season trade to the Avalanche. He was averaging over 15 minutes per night in San Jose, and went to under 11 minutes with the Avalanche.

A capable penalty-killer and defensive presence, Nieto chipped in 12 goals and 24 points in 81 games last season. While Nieto doesn’t offer the size or overwhelming physicality that some teams would like to see out of their bottom-six forwards, there are far worse options for a team to run in their bottom-six.

Nieto has been on a few playoff runs of significance, and that’s exactly what Pittsburgh hopes to be doing next season. An offseason priority for the Penguins has been upgrading the lower-end of their lineup, and adding Nieto will help them do just that.

Mattias Janmark Signs Extension With Edmonton Oilers

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2:02 pm: Per a release on Twitter from the team, the agreement between Janmark and the Oilers on a one-year extension is now official.

1:05 pm: Per reports from Edmonton Oilers insider Jason Gregor and TSN’s Ryan Rishaug, the Edmonton Oilers are extending winger Mattias Janmark on a one-year deal worth $1MM.

Janmark had a rocky start to 2022-23 after signing a one-year, $1.25MM deal with Edmonton in last year’s free-agent period. The 30-year-old veteran of 486 NHL games unexpectedly failed to make the team out of camp and cleared waivers at the beginning of the season, recording four points in four games with the AHL’s Bakersfield Condors over the first month of the season. Injuries forced Edmonton to recall Janmark under emergency conditions early in November, though, and he was able to stick around on the NHL roster for the remainder of the season.

After the November recall, Janmark provided some solid depth scoring for a team that sorely needed bottom-six production, scoring 10 goals and adding 15 assists in 66 games, posting good defensive impacts in the process. It’s the level of production we’ve come to expect from the Swedish winger, who’s recorded between 21 and 25 points in each of the last five seasons.

No one will complain about retaining a defensively responsible winger who can likely provide a double-digit goal total for just $225K over the league minimum. With prospect Dylan Holloway gunning for a top-nine spot next season, though, Janmark could see his minutes decrease if he drops to a fourth-line role, although he should still see some time on the penalty kill.

Edmonton Oilers Qualify Five Players

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The Edmonton Oilers have decided to negotiate with all five of their pending restricted free agents, issuing qualifying offers to Ryan McLeod, Raphael Lavoie, Noah Philp, Evan Bouchard, and Olivier Rodrigue.

According to CapFriendly’s qualifying offer calculator, that means each received the following:

  • Evan Bouchard: One-way, $874,125
  • Raphael Lavoie: Two-way, $874,125
  • Ryan McLeod: One-way, $837,900
  • Noah Philp: Two-way, $787,500
  • Olivier Rodrigue: Two-way, $787,500

For Bouchard and McLeod, in particular, this comes as no surprise. Each has become an important part of the Oilers’ lineup, giving them the depth needed to advance further in the playoffs.

Bouchard, 23, registered his second straight 40+ point season in 2022-23, effectively making Tyson Barrie redundant enough to trade at the deadline. The 10th overall pick from 2018 has grown into one of the most effective puck-movers in the league and showed off some incredible vision in this year’s postseason, racking up four goals and 17 points in just 12 games.

McLeod, meanwhile, grew into a valuable depth center option this season, scoring 11 goals and 23 points in 57 games. His elite skating ability and tenacity make him a nice fit on a third line, and his offensive number are trending upward. He was held goalless in the playoffs but still contributed five points, playing mostly in a defensive role.

Despite the Oilers’ release indicating otherwise, it is actually McLeod—not Bouchard—that is eligible for arbitration this summer, according to CapFriendly. The young forward is a candidate for a bridge deal, given the tight nature of the Edmonton cap situation.

The other three, Lavoie, Philp, and Rodrigue, have yet to make their NHL debuts are will likely be retained on short-term two-way deals to maintain organizational depth.

Detroit Red Wings Acquire Kailer Yamamoto And Klim Kostin

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The Detroit Red Wings have pillaged two players from the Edmonton Oilers in exchange for future considerations: forwards Kailer Yamamoto and Klim Kostin.

The move adds two wingers of varying promise to the Red Wings in exchange for just cap space, as no assets were surrendered by Detroit to complete this trade. The Oilers were likely motivated to move off of Yamamoto’s cap hit as he’s making $3.1MM for the next season. While Yamamoto managed 20 goals and 41 points in 2021-22, the 2017 first-round pick struggled this past year and lost his spot in Edmonton’s long-term plans.

Yamamoto scored just 10 goals and 25 points this season, playing just 58 games. While that 35-point pace isn’t actually a huge decline from the 41 points he scored the year before, his lack of availability combined with his frustrating inconsistency is likely what led Edmonton to deal him in order to create some cap space to bring in new players.

As for Kostin, he was set to hit restricted free agency at the start of the new league year, and it’s likely that Edmonton wasn’t prepared to give him the type of contract he may be hoping to receive. Kostin was acquired by the Oilers in exchange for defenseman Dmitri Samorukov, and the 24-year-old 2017 first-rounder scored 11 goals and 21 points in 55 games in Edmonton, both easily career-highs.

Now, the six-foot-three forward will join the Red Wings, who have added two NHL-ready contributors in this deal. Their forward corps is already well-stocked with NHL talent, but Yamamoto can now compete with Filip Zadina and Jonatan Berggren for a role in coach Derek Lalonde’s top nine, while Kostin is likely to end up on their fourth line. At no asset cost, this is a savvy deal for Steve Yzerman and the Red Wings, especially if Yamamoto can repeat his form from 2021-22.

Offseason Checklist: Edmonton Oilers

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The offseason is now fully underway after Vegas took home the Stanley Cup which means that it’s time to examine what each team will need to accomplish over the coming months.  Next up is a look at Edmonton.

As expected, the Oilers featured a high-powered offense this past season but goaltending concerns once again crept up at an inopportune time which played a role in their exit at the hands of the Golden Knights in the second round.  GM Ken Holland has two years left with both Connor McDavid and Leon Draisaitl under contract which could represent the remaining length of their competitive window.  However, while they would certainly love to add, their salary cap situation will see them needing to take away from their roster; this is a key element of their checklist this summer as a result.

Yamamoto Decision

We took a closer look at Yamamoto’s specific situation over the weekend which basically amounts to Edmonton having some less-than-desirable options when it comes to their 2017 first-round pick.

The 24-year-old made a big impact early in his career, picking up 26 points in 27 games after being a late-season recall in 2019-20 before stalling out briefly.  Then, it looked as if he was back on track following a 20-goal campaign in 2021-22, earning himself a two-year, $6.2MM contract, but again, he stalled out this past season.  At the moment, the Oilers have around $5MM to spend, per CapFriendly, with their pending restricted free agents set to cost considerably more than that.  Someone has to go.

Yamamoto is young enough that his buyout would only cost one-third instead of the standard two-thirds.  That means that if they went that route, they’d free up over $2.6MM for next season while adding $533K in dead cap for 2024-25.  That could give them enough flexibility to re-sign their pending restricted free agents.

Alternatively, they could see if there’s a trade market for Yamamoto.  There are a handful of teams that are willing to take on money this summer, perhaps one would be interested in a younger player with the hope of trying to rebuild his value.  But those teams might prefer the incentives they’d receive for taking on a pricier veteran.  If Edmonton is able to move him this way, they’ll save a bit more cap space but the return is almost certain to be underwhelming.

The buyout deadline is June 30th so there is a fixed timeline for a decision to be made on what they’re doing with Yamamoto unless they can find a way to keep him around.  Assuming that doesn’t happen, they’ll be adding a cheap middle-six winger to their shopping list in the coming weeks.

Move Mid-Tier Money

It probably isn’t just Yamamoto that Holland will be making available around the league.  In an effort to open up cap space but not take away from their core pieces, they will likely look to move at least one other middle-tier player.  On the Oilers, those players would be winger Warren Foegele (one year, $2.75MM) plus defensemen Brett Kulak (three years, $2.75MM) and Cody Ceci (two years, $3.25MM).

It’s not that Edmonton should be particularly displeased with how any of these players performed this past season.  However, on the back end, Phillip Broberg is ready for full-time duty and is on a contract less than $100K above the league minimum.  Moving one of Ceci or Kulak would open up more ice time for the promising youngster while opening up more cap flexibility.  Similarly, while the Oilers like Foegele’s energy in the bottom six, would they be better off moving him, bringing back someone like Nick Bjugstad for less, and pocketing the savings?

Of course, this particular concept isn’t unique to the Oilers; more than half the league will be trying to do exactly something like this over the next couple of weeks.  As a result, they’re unlikely going to land a sizable return for any of these players.  But a move like that is necessary to give themselves a chance at keeping their restricted free agents while trying to add a piece or two to give them a boost (or at least replace Yamamoto).

Re-Sign Bouchard

When the Oilers acquired Mattias Ekholm from Nashville at the trade deadline, the veteran defender really helped to shore up Edmonton’s back end.  But the swap had another benefit as Evan Bouchard took a huge step forward.  Partnered with the steady Ekholm, Bouchard’s confidence soared.  And with power play specialist Tyson Barrie going the other way in the swap, the chance to load up the points was there for the taking.

Let’s just say he took advantage of it.  Following the trade, Bouchard picked up an impressive 19 points in 21 games, heading into the playoffs on a high note.  The 23-year-old then found another gear in the postseason, notching 17 points in a dozen games, leading all blueliners in playoff points despite only playing in two rounds.  That’s one way to hit restricted free agency on a high note.

Bouchard’s entry-level contract is set to come to an end on July 1st.  He won’t have arbitration eligibility but he’ll still be in line for a significant raise.  He has two full NHL seasons under his belt, both of them generating at least 40 points which should push a two-year bridge deal past the $3MM mark.  A one-year deal might get it a bit lower but would hand him arbitration eligibility the following summer.  That doesn’t seem like a wise move for the Oilers.  On the other hand, locking in long-term probably isn’t a wise move for Bouchard’s camp, nor is it an option that Edmonton can reasonably afford as things stand.

If you’re a fan of strategic offer sheets, this is a spot for one.  If a team got Bouchard to sign a one-year, $4.29MM offer sheet, the compensation would only be a second-round pick.  Edmonton would surely match but that price point would be problematic from a roster-building standpoint while, again, it gives him arbitration rights the following year.  Is such a scenario likely?  Probably not, especially in an era where offer sheets are few and far between.  But if Holland thinks a team might try it just to mess up their cap structure, it would behoove him to try to get Bouchard’s two-year bridge pact locked in sooner than later.

Avoid Arbitration

The Oilers have indicated that they will be qualifying all but one of their restricted free agents.  Among those that will be (or have been) tendered offers are forwards Klim Kostin and Ryan McLeod.  Both players had nice seasons, notching 11 goals in 57 games apiece.  McLeod worked his way into a more prominent spot on the depth chart as the season went on while Kostin, who started in the minors after clearing waivers, was mostly on the fourth line, delivering strong results.

However, both players are eligible for salary arbitration for the first time.  By tendering them their qualifiers, both McLeod and Kostin have the right to file for a hearing.  That’s the scenario that Edmonton would like to avoid.

Would either player break the bank?  Probably not but there are plenty of comparable players that would be in their favor which could help push their awards higher than Edmonton wants to pay.  They also won’t have a walkaway option on either player as PuckPedia reported last week (Twitter link) that the threshold for that remains where it has been since 2019-20 at $4.539MM.  Neither player is coming close to that; combined, they might not even get there.

But it’s certainly in Edmonton’s best interest to try to get these contracts done quickly.  They’ll both be short-term agreements again to keep the cap hit down.  Kostin’s should come in around $1.25MM or so while McLeod’s should be about $500K higher.  Getting those locked in over running the risk of an award adding a few extra hundred thousand per player would help from a flexibility standpoint.

Perhaps more importantly, it would also give them some certainty about what they can do this summer.  This whole column has been about internal focuses over external ones because of their cap situation.  They want to add but to do that, they need to move out roster players, creating more holes in the process while needing to leave room to re-sign Bouchard, Kostin, and McLeod (and perhaps try to keep Bjugstad).

Getting as many of these done as possible before July 1st becomes quite important as a result so they know what they can, or can’t afford to do on the open market.  While some teams will be doing their heavy lifting once free agency opens up, Edmonton should be hoping that most of theirs will already be done by then.

Photo courtesy of USA Today Sports Images.

Decision Time Approaches For Oilers With Kailer Yamamoto

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It has been an eventful first few NHL seasons for Oilers winger Kailer Yamamoto.  He first made his mark in the NHL late in the 2019-20 campaign, averaging nearly a point per game in 27 contests and it looked like Edmonton had found a homegrown, cost-controlled offensive forward.  However, the cost is getting higher and Yamamoto hasn’t been able to rediscover that level of production.  With the team set to be tight to the salary cap again next season, GM Ken Holland is going to need to decide soon whether he can still afford to carry the 24-year-old on his roster.

After filing for arbitration last summer, Yamamoto and the Oilers agreed on a two-year, $6.2MM contract, a deal that was slightly backloaded, paying $3.2MM in salary next season.  For someone in a middle-six role with some perceived upside still, it’s a price point that seemed quite reasonable.

However, things didn’t go as planned this past season.  Yamamoto tried to play through some injuries before eventually being placed on LTIR in mid-January and in the end, his final numbers weren’t the strongest at 10 goals and 15 assists in 58 games, not the best bang for their buck.  In the playoffs, Yamamoto managed just a single goal along with three helpers in their 12 contests despite still logging nearly 15 minutes per game which, again, fell below expectations.

As things stand, Edmonton enters this summer with around $5MM in cap room, per CapFriendly, but they have at least three forward spots to fill with that money.  Two of those spots will go to Ryan McLeod and Klim Kostin, restricted free agents that they’d like to keep around and combined, they’ll cover more than half of that cap space.  There’s also RFA defenseman Evan Bouchard to contend with who alone will take up a big chunk of that.  There just isn’t any flexibility for them to work with.

More importantly, they don’t have the ability to make any sort of material improvement to their roster.  That’s where Yamamoto potentially comes in.  Clearing his cap charge off the roster opens up another spot to fill but gives them a bit more flexibility in how they choose to allocate those funds, allowing them to potentially shop for more of an impact player in free agency.

Of course, teams are well aware of Edmonton’s salary cap situation and Yamamoto’s struggles so it’s not as if the Oilers are in the driver’s seat when it comes to the idea of a trade.  It’s possible that there could be teams willing to take a flyer on him – particularly one closer to the bottom of the standings hoping that a new team and bigger role could him going – but they’re not going to be offering up big assets to get him.  Some might even ask for a sweetener to simply take the contract on, that’s how tight things are going to be cap-wise once again next season.

If a trade doesn’t materialize, then a buyout could be on the table.  Yamamoto is young enough that the standard two-thirds cost doesn’t apply here; instead, the cost is one-third.  As a result, his cap hit would only be $433K in 2023-24 while they’d add $533K in dead cap space for 2024-25.  That would free up a little under $2.7MM in savings for GM Ken Holland to work with, albeit with another roster spot to fill.  The buyout window is now open and lasts until June 30th.  That then represents a potential deadline for Edmonton to decide the path they’re going to take with Yamamoto.

It’s possible that Holland decides to go a different route entirely, keeping Yamamoto and trying to move out other mid-tier salaries such as Brett Kulak (three years, $2.75MM), Warren Foegele (one year, $2.75MM), or Cody Ceci (two years, $3.25MM).  Frankly, it’s not a case of one or the other; it’s quite possible that two or more from this group get shopped.  However, none of those players have the cheaper buyout option available and in a market that isn’t likely to look kindly on mid-tier pieces on arguably above-market contracts, it’s hardly a guarantee they’ll be able to move any of those for the value they want either.

Is it a sure bet that Yamamoto’s days in Edmonton are numbered?  Not at all.  But if the Oilers want to try to add anyone of significance this summer, they’re going to need to free up some money and Yamamoto’s contract is probably the easiest to clear out.  Not that long ago, Yamamoto and Jesse Puljujarvi represented hopes for the future for the Oilers as some homegrown, cost-controllable talent.  Fast forward to today and Puljujarvi is now in Carolina while Edmonton has already given up the rights to the player they got in return and it feels like there’s a good chance Yamamoto will soon be heading out the door for a similarly underwhelming return, if they’re able to get one at all.

Photo courtesy of USA Today Sports Images.

Offer Sheet For Evan Bouchard Could Be Problematic For Oilers With Their Cap Situation

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  • Postmedia’s Jim Matheson opines that an offer sheet for Oilers defenseman Evan Bouchard could really put the team in a bind this summer. The 23-year-old broke out following the trade of Tyson Barrie at the trade deadline and found another gear in the playoffs, leading all blueliners in scoring despite the fact that Edmonton was eliminated in the second round.  Edmonton currently only has around $5MM in cap room per CapFriendly with multiple players to sign with that money.  They’ll need to get creative to afford a bridge deal let alone a longer-term one which leaves them potentially vulnerable for the time being.

Edmonton Oilers Connected To Jonathan Toews

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But if he does choose to continue playing, he could go the way of another famous Blackhawk, Duncan Keith, and choose to play for the Edmonton Oilers. Sportsnet’s Mark Spector connects Toews to the Oilers, writing that “there is some talk” in Edmonton about signing Toews to be the team’s fourth-line center, allowing recent signing Derek Ryan to take a preferred role as a right winger. In scoring 15 goals and 31 points this past season Toews showed he was still very much a valuable NHL player, but the main question for Edmonton would be availability and cost. Regardless, it seems should Toews continue his career the Oilers could be a team interested in acquiring him.

Latest On Klim Kostin

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The Edmonton Oilers have some interesting moves to make this offseason as they (once again) look to rebuild a roster that wasn’t good enough to get it done in the playoffs. Connor McDavid and Leon Draisaitl have shown they can only carry the group so far in the postseason, meaning the rest need to be more competitive.

One bright spot from this season was the emergence of Klim Kostin, a 2017 first-round pick of the St. Louis Blues who had struggled to make an impact at the NHL level. In Edmonton, he scored 11 goals and 21 points in 57 games, while racking up 157 hits and 66 penalty minutes. That kind of well-rounded depth player is valuable for a club like the Oilers, especially given that he is just 24 years old.

Unfortunately for general manager Ken Holland, Kostin is also eligible for arbitration, a process that could result in a much higher contract than the $750K he played under this year. With every dollar meaning so much to Edmonton, getting to a hearing might not be ideal.

Daniel Nugent-Bowman of The Athletic suggests that a two-year bridge contract with a cap hit no higher than $1.5MM could be an ideal compromise but also throws some chum in the water for frustrated Oilers fans. The scribe writes there “could be some interest in the 24-year-old winger from KHL teams.”

Given that Holland has already confirmed he will qualify Kostin, the Oilers won’t lose his rights either way. But watching him head to Russia after a breakout season (however limited) would be disappointing. Even if he played ten minutes a night, he made an impact for Edmonton—something not many role players have done over the last few years.

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