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Edmonton Oilers Re-Sign Brett Kulak

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After seeing what’s out there, Brett Kulak has decided to go back to the Edmonton Oilers after all. The depth defenseman has re-signed with the Oilers according to Elliotte Friedman of Sportsnet. Frank Seravalli of Daily Faceoff reports it will be a four-year deal worth $2.75MM per season.

It’s been a fast rise for Kulak, who came to Edmonton in a mid-season trade. There are some who questioned Oilers GM Ken Holland’s choice to part with a second-round pick in order to acquire Kulak, but he answered those questions with his play as an Oiler. Kulak, an analytics darling, was a reliable two-way defenseman for the Oilers during their run to the Western Conference Final, showing that he could be just as comfortable carrying the puck in transition as he was battling a forward for position in front of the net. Kulak’s versatile, all-situations game endeared him to both coach Jay Woodcroft and Edmonton fans and is likely what earned him this deal.

This deal is largely a positive one, but not without at least some risk. During his time in Montreal, Kulak would have stretches where he looked like a fit in the team’s top-four, and then have stretches where he didn’t even look like he belonged on the ice. The talent was there, but the consistency was missing. The success of Kulak’s tenure in Edmonton so far brings up the question: has Kulak become the consistently reliable defenseman he’s shown he’s talented enough to be? Or is this just another one of his “good” stretches, just one that he’s timed really well?

That’s the question Kulak will need to answer, but based on his play in Edmonton so far it’s hard to be anything but optimistic.

Jack Campbell Signs With Edmonton Oilers

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As expected, the Edmonton Oilers have signed goaltender Jack Campbell to a long-term contract. The deal, according to Darren Dreger of TSN, will be for five years and a total of $25MM. Campbell’s signing in Edmonton had long been rumored, and it has now been confirmed by the league’s insiders just seconds into the new league year. Campbell has spent the past two seasons as the number-one goalie for the Toronto Maple Leafs, where he experienced a career breakout.

In Toronto, Campbell played like a true starting goalie. In parts of three seasons there, Campbell has a .916 save percentage in 75 starts. Campbell began 2021-22 on a tear, before struggling down the stretch as he battled injuries and inconsistency.

At only 30 years old, Campbell represents a long-term investment for the Oilers, who previously relied on Mike Smith, who is 40, to be their starting goalie. After an encouraging run to the Western Conference final, Oilers GM Ken Holland has a clear mandate: turn the Oilers into a Stanley Cup contender while Connor McDavid and Leon Draisaitl are both under contract and in their primes. The team locked up Evander Kane in the early hours of this morning, and have now confirmed who will be their starting goalie for possibly the next half-decade.

This deal is somewhat of a risk for the Oilers, as Campbell doesn’t offer the extensive resume a goalie like Darcy Kuemper could provide, nor does he offer much in the way of proven playoff success. But what he does provide is starting-caliber goaltending with the potential for elite performance, at a price tag lower than what other accomplished goalies have cost in the past. If Campbell can perform anything like the player the Oilers poached from Toronto last summer, Zach Hyman, this deal will be a home run for Edmonton.

Edmonton Oilers Discussing Connor Brown Trade

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If you were a fan of the Erie Otters in 2014, you might want to consider becoming an Edmonton Oilers fan today. According to Bob McKenzie of TSN the Oilers are working on a deal that would bring Ottawa Senators forward Connor Brown to Edmonton, reuniting him with junior teammate Connor McDavid.

The Senators have recently added Alex DeBrincat to the forward group and are the front-runners for Claude Giroux in free agency, which would push Brown down the lineup and out of a spot where he can really bring enough value to make his $3.6MM worthwhile.

That isn’t the case in Edmonton, where he could probably find space next to McDavid or Leon Draisaitl in the top six. Even as a third-line option he would be a nice addition for the Oilers, who can use him and former Toronto Maple Leaf teammate Zach Hyman as two penalty-killing anchors.

After signing Evander Kane for a deal well below what would normally be his market value and moving Zack Kassian’s contract out of the way, the Oilers suddenly have a forward group that looks a lot deeper than in years past.

More to come…

Evander Kane Signs Four-Year Extension

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Why sleep when you can sign contract extensions! The Edmonton Oilers and Evander Kane reached a late-night agreement on a new four-year contract, that will bring the winger back before he reaches unrestricted free agency. Kane himself announced the deal, which carries a cap hit of $5.125MM. PuckPedia has the full breakdown:

  • 2022-23: $750K salary + $5.5MM signing bonus
  • 2023-24: $1.5MM salary + $4.0MM signing bonus
  • 2024-25: $2.75MM salary + 2.0MM signing bonus
  • 2025-26: $4.0MM salary

It also includes a full no-movement clause until February 28, 2025, at which point it will change to a 16-team trade list. While the team hasn’t actually announced the deal, they did amplify Kane’s tweet about it, which included the following message.

A big part of my decision to stay in Edmonton was because of the opportunity given to me only 7 months ago but also the chance to be a part of a championship team. I want to win, and I believe after signing this deal we will be able to add the right pieces along with myself to accomplish that goal, a championship.

There’s no doubting Kane’s ability on the ice. He scored 35 goals in just 58 games between the regular season and playoffs, finding instant chemistry with Connor McDavid and finally offering the kind of high-impact scoring talent that the Oilers have been looking for. It is all the off-ice stuff that has limited his market, as seen by this new contract, which comes in well below what a player of his production level would have earned normally on the open market.

There is also still some uncertainty around his future because of a grievance with the San Jose Sharks over wrongful termination, though it should be noted that this new contract is worth almost exactly the same amount as what was left on his previous deal. Perhaps there is a path to settlement, which would clear up any potential issues with this new deal.

The Oilers, who are also expected to make a big splash in the goaltending market today, get better by bringing Kane back. The team has said goodbye to some of its older players, including Duncan Keith and Zack Kassian, and appears poised to take another run at the Pacific Division crown in 2022-23. For Kane in particular, the risk was always in a long-term deal. Keeping it to four years at least someone protects the Oilers from that risk.

Photo courtesy of USA Today Sports Images

Free Agency Notes: Hague, Marchment, Kulak

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We haven’t heard a whole lot of offer sheet talk yet this offseason, but there is one young defenseman who could come into play. The Athletic’s Jesse Granger notes that he believes Vegas Golden Knights defenseman Nicolas Hague is “a real possibility” as an offer sheet candidate from general managers league-wide. Hague is an important defenseman on the rise in the Golden Knights organization, and while he doesn’t have a lot of leverage on his next contract as he’s not arbitration-eligible, another team could indeed force Vegas’ hand. A second-round pick from their first 2017 draft class, Hague’s notched a solid 42 points in 142 NHL games over the past three years. While he’s been limited to third-pairing minutes on a deep Vegas team, he’s shown really solid play-driving ability as an up-and-coming two-way defenseman. With the Golden Knights’ tight salary cap situation, it’s a reasonable bet that they couldn’t match a healthy offer for Hague.

  • TSN’s Pierre LeBrun expects the Montreal Canadiens to make an offer to bring back defenseman Brett Kulak when free agency opens tomorrow. They won’t be alone, though, as LeBrun notes that six other teams could be interested as well. Dealt to the Edmonton Oilers in exchange for a package that included William Lagesson and a second-round pick at the trade deadline, Kulak is an underrated defensive commodity who’s extremely valuable in a bottom-four role. He’d spent the last three seasons prior to this year in a Habs uniform, and he was a steadying presence in 2021-22 on a struggling team.
  • If the Tampa Bay Lightning can’t come to terms with pending UFA Ondrej Palat, The Athletic’s Joe Smith lists Mason Marchment as someone the team could make an offer to in free agency. He’d certainly add a strong checking element to the team’s middle six, and while he likely wouldn’t replace Palat’s value entirely, he’d be a strong value option with a breakout year last season and great underlying metrics. Marchment finished 2021-22 with 47 points in just 54 games.

Snapshots: Kane, Bowman, Malkin

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Forward Evander Kane is nothing if not the most polarizing and interesting free agent on the market this offseason. The 30-year-old power forward has had his fair share of off-ice controversies in his career, including a pending arbitration hearing that may award him back to the San Jose Sharks after the team terminated his contract during the 2021-22 season. Yet Kane was still spectacular on the ice after signing a one-year deal with the Edmonton Oilers for the remainder of the season, notching 39 points in 43 regular-season games and leading the NHL in scoring during the playoffs with 13 goals in just 15 games.

Yet, reports surfaced earlier this week that Kane and the Oilers weren’t close on an extension. Today, The Fourth Period’s David Pagnotta adds that there haven’t been any conversations yet today between Kane’s camp and the Oilers, adding to the likelihood Kane hits the open market tomorrow. It doesn’t limit Edmonton’s ability to re-sign him, and quite frankly, it’s still the most likely destination for him. Kane’s risk factor is only increased by the pending arbitration decision, and other teams will be hesitant to commit term to Kane without either having a deal in place with San Jose to trade back for him or having clarity on his future.

  • Legendary coach and executive Scott Bowman is moving on from the Chicago Blackhawks organization this summer, per the man himself. Now 88, Bowman had been a senior advisor for the Blackhawks since 2008. A winner of 12 Stanley Cups, Bowman will likely have any job he wants if he wants to continue his management career in the NHL.
  • Pittsburgh Penguins president of hockey operations Brian Burke spoke today, denying rumors that the team didn’t offer Evgeni Malkin his desired term of four years. He did say that giving a six-year contract extension to Rickard Rakell yesterday didn’t rule out Malkin’s return, and said that “the window is still open” for Malkin. However, with all the varying reports of Malkin’s unhappiness with the situation, his moving on in free agency is likely still a done deal.

Duncan Keith Announces Retirement

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The Edmonton Oilers have cleared even more cap space. Duncan Keith has decided to retire, which will not only open cap space for the Oilers but also means a significant cap recapture penalty for the Chicago Blackhawks:

  • 2022-23: $5.54MM
  • 2023-24: $1.94MM

Cap recapture is a function of the CBA that penalizes teams for previously signing extremely front-loaded contracts. When Keith signed his 13-year, $72MM deal in 2009, the last few years included a very low salary in order to drop the overall average.

For instance, he would have only earned $1.5MM this season in actual salary. The Blackhawks then must repay the savings they received in the early part of the contract–Keith was earning $8MM per season at the start of the deal while carrying a cap hit of just $5.54MM.

On the other end of that coin, the Oilers should actually receive a cap credit, as they paid the elevated cap hit this season despite Keith only making $2.1MM. Unfortunately, that credit is apparently being removed by the NHL–though a grievance process is possible through the NHLPA. For now, they will only receive the benefit of clearing the $5.54MM cap hit off the books for 2022-23.

While the cap implications will cloud Keith’s retirement, nothing should overshadow the fact that one of the best players of his generation is calling it quits.

The 38-year-old played 1,256 regular season games, 151 playoff contests, and won three Stanley Cups with the Chicago Blackhawks. An elite two-way player, Keith racked up offensive numbers while also playing a quiet, effective defensive game.

During his 16 years with Chicago, he averaged nearly 25 minutes a night, won the Norris Trophy twice and the Conn Smythe in 2015. He sits 34th all-time in points from a defenseman, and 26th in games played.

When he is eligible, Keith will have a great case for Hall of Fame induction, as a player who was legitimately at (or at least near) the top of his position for a long stretch in his prime.

Photo courtesy of USA Today Sports Images

Latest On Evander Kane

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The Edmonton Oilers and Evander Kane remain split in contract negotiations, according to Frank Seravalli of Daily Faceoff, who notes that the two sides met yesterday and made little progress. The separation appears to be in the length of the deal, with the Oilers looking to go short-term with the pending free agent forward. In fact, following the meeting, Kane has been granted permission to start speaking with other teams, according to Pierre LeBrun of The Athletic, though agent Dan Milstein notes that there is still hope a deal can be worked out in Edmonton.

Of course, there is also the fact that Kane is currently involved in a grievance over what he claims was a wrongful termination by the San Jose Sharks, a process that does not appear to be headed toward a resolution before free agency opens on Wednesday. That certainly clouds things for the Oilers and any other team that wants to sign Kane, as there is the potential–however remote–that a new deal could be voided if the arbitrator re-instates his contract with the Sharks. By then, a team would be left out in the cold, with cap space in hand and no premier free agents left to sign. While a settlement between the Sharks and Kane would appear to be the most likely outcome, it is not decided yet.

There is also an apparent belief from Kane’s camp that he will be able to land a deal worth somewhere between $40MM and $50MM on the open market, after showing just how dominant he can be down the stretch. After joining the Oilers in January, Kane scored 22 goals in 43 regular season games and another 13 in 15 playoff contests. That is a 49-goal pace over a full 82-game season, obviously making him one of the most dangerous offensive weapons in the league.

While some of that was obviously driven by the opportunity to play with Connor McDavid, it’s exactly that chemistry that makes Kane such an appealing asset for the Oilers. Not every player can keep up with a superstar but the Oilers finally found a perfect match for McDavid in Kane, potentially making him even more valuable to them than any other team.

The fact that he appeared to stay out of trouble off the ice during his time in Edmonton will only help his case, and the Oilers’ newfound cap space should only make it easier to work out a deal. Still, if the two sides remain far apart just days before free agency, it might seem prudent for the Kane camp to at least wait to see what else is out there before circling back.

Photo courtesy of USA Today Sports Images

Oilers Qualify Four, Non-Tender Three

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West Notes: Puljujarvi, Gaudreau, Nichushkin

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The Edmonton Oilers have cap space in hand and, after a strong run to the Western Conference Final, a clear desire to add difference-making players to their roster. One player they’re likely to subtract from their lineup is forward Jesse Puljujarvi. Puljujarvi, 24, will become an arbitration-eligible restricted free agent on Wednesday and is expected by many to be moved before next season. After a promising season in Edmonton, the Oilers faithful could not be faulted for expecting to return at least something of reasonable quality as part of the compensation package in any summer Puljujarvi trade. It seems, though, that that’s unlikely to happen. According to TSN’s Darren Dreger, the Oilers are “frustrated” by “how little interest there is” in Puljujarvi.

Dreger clarifies that there are about three or four teams that are “nibbling” at the prospect of acquiring Puljujarvi and that the Oilers front office is bracing for a reality where they are forced to “sell low” on Puljujarvi and accept a return they deem to be sub-par. Puljujarvi, the fourth overall pick at the 2016 draft, scored 14 goals and 36 points in 65 games in 2021-22, which is a career-high in points production, although his playoff scoring (just three points in 16 games) left much to be desired. There is a general belief that Puljujarvi could “pop” on another team and score with a level of consistency and frequency he never could in Edmonton, and the Oilers may be left with a sort of trade return that is not commensurate with the value they believe Puljujarvi holds.

Now, for some other notes regarding the league’s Western Conference teams:

  • With Filip Forsberg now off the market, Calgary Flames forward Johnny Gaudreau has solidified his spot as the undisputed top free agent scorer set to be available on next week’s open market. The Calgary Flames, though, are hoping his contract situation ends in a similar way to Forsberg’s. Flames GM Brad Treliving, as relayed by TSN’s Salim Valji, remains “optimistic” about the prospect of re-signing Gaudreau, and part of the reason for that optimism has been because he and Gaudreau’s agent, Lewis Gross, have been “genuinely working towards a deal.” There has long been speculation on a Gaudreau return to his native East Coast, perhaps to the Philadelphia Flyers or New Jersey Devils, but it seems as though the Flames are fully intent on keeping that from happening and have every confidence that they’ll be successful.
  • With a spectacular performance in the playoffs, capped off by an impactful Stanley Cup Final series against the Tampa Bay Lightning, winger Valeri Nichushkin could enter the market next week on extremely strong ground. The Colorado Avalanche and GM Joe Sakic are going to try to keep that from happening. The team bid farewell to goalie Darcy Kuemper, helping them save cap space, and will likely use a solid chunk of that space in their attempt to retain Nichushkin. ESPN’s Kevin Weekes pegs a Nichushkin extension in Colorado at the $5MM-$6MM average annual value, which seems more than reasonable for a strong defensive player who scored 52 points in 62 games. It’s still an open question as to whether the Avalanche will commit to the full eight-year term they are permitted to offer Nichushkin, but their ability to offer one more year than any teams on the open market could be a factor in deciding if Nichushkin stays in Colorado. If he doesn’t, he can expect a multitude of suitors once the market opens.

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