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Salary Cap Deep Dive: Edmonton Oilers

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Navigating the salary cap is one of the more important tasks for any GM. Teams that can avert total cap chaos by walking the tightrope of inking players to deals that match their value (or compensate for future value without breaking the bank) remain successful. Those that don’t see struggles and front office changes.

PHR will look at every NHL team and give a thorough look at their cap situation heading into the 2019-20 season. This will focus more on those players who are integral parts of the roster versus those who may find themselves shuttling between the AHL and NHL. All cap figures are courtesy of CapFriendly.

Edmonton Oilers

Current Cap Hit: $79,066,999 (under the $81.5MM Upper Limit)

Entry-Level Contracts

F Joakim Nygard (one year, $925K)
F Cooper Marody (two years, $925K)
F Kailer Yamamoto (two years, $894K)
D Evan Bouchard (three years, $894K)
F Tyler Benson (two years, $808K)
D Caleb Jones (one year, $720K)
D Ethan Bear (one year, $720K)

Potential Bonuses

Bouchard: $850K
Yamamoto: $230K
Marody: $75K
Jones: $70K
Bear: $20K

The team have a number of young players on entry-level deals, but so far while there is a ton of potential here, not one player has stepped up and established themselves as a full-time player on the Oilers roster. Yamamoto, the team’s 2017 first-rounder, was expected to provide the speed that the team needed to develop a fast-paced offense, but after 26 NHL games, he’s provided just one goal and four assists. Marody has appeared in six games with no points, while Benson, despite quite a bit of success in the AHL, hasn’t gotten a chance at the NHL level, although that’s likely to change this season. The team also has high hopes in Nygard, who is a speedy winger, who is coming off a 21-goal campaign in the SHL, but remains a mystery.

On defense, the team might get their 2018 first-round pick, Evan Bouchard, to make the team and contribute quickly, but he also must prove to the team that he’s ready for that opportunity. However, Bouchard already has seven games of experience with the Oilers (scoring one goal), while posting three goals and eight points for the Bakersfield Condors of the AHL in eight playoff games. Other defenseman might also be ready, including Bear and Jones. Bear has played two seasons now in the AHL, while Jones got 17 games with the Oilers last season and might be the most NHL-ready.

One Year Remaining, Non-Entry-Level

D Darnell Nurse ($3.2MM, RFA)
F Sam Gagner ($3.15MM, UFA)
D Brandon Manning ($2.25MM, UFA)
G Mike Smith ($1MM, UFA)
F Zack Kassian ($1.95MM, UFA)
D Matt Benning (1.9MM, RFA)
F Markus Granlund ($1.3MM, UFA)
F Kyle Brodziak ($1.15MM, UFA)
F Josh Archibald ($1MM, UFA)
D Joel Persson ($1MM, RFA)
F Tomas Jurco ($750K, UFA)
F Colby Cave ($675K, RFA)

The bulk of the Oilers contracts seem to be one-year deals, which means that many players will have to prove to the Edmonton front office that they deserve a new contract. The team will likely unload the contracts of both Gagner and Manning after this season, which should free up $5.4MM of cap space. The Oilers traded for the veteran Gagner near the trade deadline and he contributed five goals and 10 points in 25 games for Edmonton, but he likely will take a bottom-line role with Oilers this season, while Manning has never been a good fit after being acquired from the Blackhawks in December last season. Smith is another veteran the Oilers have high hopes for, but the team will reassess its goaltending situation at the end of the year and whether to bring the then 38-year-old back for another season. The same can be said for players like Archibald, Granlund and Jurco.

The team will have pay up next season for Nurse, a restricted free agent, who put up career-high numbers last season with the Oilers. The 24-year-old put up 10 goals and 41 points and averaged 23:49 of time on the ice. He also blocked 146 shots, while adding 162 hits as well, making him a solid all-around player despite seeing his plus-minus drop from a plus-15 in 2017-18 to a minus-five last year. The team must decide whether to keep Benning, who will also be a restricted free agent. Benning saw his playing time drop by almost three minutes since the previous year and might lose his job to some of the team’s young defensive prospects.

The team also have a number of veteran players, who will hit unrestricted free agency, including Kassian, who saw career highs in ATOI (14:48) and goals (15) and also put up 191 hits as a bottom-line forward for the team. At 28, he could be considered an important keeper for the Oilers. Unfortunately, Brodziak’s success in Edmonton wasn’t as impressive as the veteran center averaged just 11:42 of ATOI, while scoring career low six goals and nine points.

Two Years Remaining

F Ryan Nugent-Hopkins ($6MM, UFA)
D Adam Larsson ($4.17MM, UFA)
D Kris Russell ($4MM, UFA)
F Alex Chiasson ($2.15MM, UFA)
F Jujhar Khaira ($1.2MM, RFA)

This could be an interesting year for Nugent-Hopkins, who has always been an excellent defensive player, but now has established himself as a solid offensive player as well with a career-high 28 goals and 69 points. However with his contract coming up in two years, the Oilers might want to decide whether he is worth handing a long-term, expensive deal to. If they aren’t ready to lock him up, the Oilers might get the most value for Nugent-Hopkins at the trade deadlines. After all, top-six centers rarely come available and considering that any team that trades for him automatically gets another full season out of him, he might become quite a valuable trade chip.

The Oilers must also decide what they want to do with two of their highly-paid defensemen in Larsson and Russell. Both blueliners receive more than 20 minutes a night, but neither provides much offensive talent and haven’t been that helpful lately on defense either and between the two of them, the Oilers are giving them $8.17MM. Larsson put up comparable offensive numbers last year, but saw his defensive numbers drop as his minus-28 plus-minus was his lowest in his career by far. Russell also had comparable numbers from the last couple of years and kept his plus-minus in the positive, but the team may look to find a taker for either of them at the trade deadline.

Chiasson earned his two-year deal after posting a career-high 22 goals last season after winning a job in training camp on a PTO. The team hopes that the 28-year-old can duplicate that season. Khaira scored just three goals last season and will have to prove that he belongs on the roster next season.

Three Years Remaining

G Mikko Koskinen ($4.5MM, UFA)

Edmonton surprised many when former general manager Peter Chiarelli signed Koskinen to a three-year, $13.5MM extension last season despite a small sample size as an NHL goaltender. Koskinen didn’t fare that well in the second half of the season after signing the extension, putting up a 3.07 GAA and a .902 save percentage, which could make this a rocky relationship if Koskinen can’t prove to Edmonton that he is a No. 1 goaltender. The 31-year-old goaltender has spent most of his career in the KHL and may not be the answer that the Oilers were hoping for.

Four Or More Years Remaining

F Connor McDavid ($12.5MM through 2025-26)
F Leon Draisaitl ($8.5MM through 2024-25)
F James Neal ($5.75MM through 2022-23)
D Oscar Klefbom ($4.17MM through 2022-23)

The team has a couple of stud players in McDavid and Draisaitl and most would suggest that they are worth their contracts and they might even be bargains considering how well they were playing. Both have proven to be top-line players and they both broke the 100-point barrier last season and combining for 91 goals. The fact that both are locked up for at least another six years (seven for McDavid) shows that Edmonton already has a base of two franchise players and just need to fill out the rest of their roster with solid players who can fill out the rest of the team.

Neal is an interesting gamble by new general manager Ken Holland. The team was looking for a way to unload the untradeable contract of Milan Lucic, but managed to get the long-term deal of Neal, who is coming off 10 straight seasons of 20 goals or more, before his seven-goal performance last year in Calgary. The team hopes that the 31-year-old can prove that last year’s egg was just a fluke and the veteran can bounce back and provide some scoring on the wing for a team that really needs it.

Klefbom is another interesting defenseman, who the team hopes can improve, especially offensively. The 26-year-old managed 38 points back in the 2016-17 season, but has hasn’t been able to break 30 points since then. While his minutes are impressive, Edmonton needs to get more from one of their defensemen, who they signed assuming he would develop into a top-line defender.

Buyouts

D Andrej Sekera ($2.5MM in 2019-20 & 2020-21; $1.5MM in 2021-22 and 2022-23)
F Benoit Pouliot ($1.33MM per year through 2020-21)
D Eric Gryba ($300K in 2019-20)

Retained Salary Transactions

F Milan Lucic ($750K per year through 2022-23)

Still To Sign

F Jesse Puljujarvi

Much has already been written about the impasse between the Oilers and Puljujarvi, who has demanded to be traded because he believes he can’t become a top forward in Edmonton. Holland has received no viable offers from other NHL teams and it looks likely that Puljujarvi might have to stay overseas for a season and hope that he can develop his game overseas with Karpat of the Finnish League and come back in a year with a new sense of purpose. However, nothing has happened yet and there’s always a possibility that he opts to come back to Edmonton and tries it again. The only problem: he’s not waiver exempt anymore, meaning he must stay on Edmonton’s roster or be placed on waivers and undoubtedly would be claimed by another team.

Best Value: Draisaitl
Worst Value: Koskinen

Looking Ahead

The team has its franchise players and with plenty of cap space freeing up next season, the team might have a way to add even more talent. However, what Edmonton needs more than anything is to see some of their young talent take that next step and begin making some major improvements. The Oilers have a dearth of talent on defense that should slowly be trickling in over the next few years, but more than anything Edmonton needs scoring. While McDavid and Draisaitl cost the franchise a great deal, the team must find the wingers that can get the team back into the playoffs.

Photo courtesy of USA Today Sports Images.

Pacific Notes: Golden Knights, Oilers, Canucks

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After two years of heavy turnover and maneuvering to get their franchise off to a hot start, it looks like the Vegas Golden Knights will be taking a back seat when free agency opens on July 1. While most people weren’t expecting Vegas to be active this offseason, with their cap room already used up, Ken Boehlke of SinBin.vegas writes that President of Hockey Operations George McPhee admitted the team will be inactive:

Well we’re in pretty good shape with our core group. We have basically everyone signed up and we are close on some other things. So I don’t imagine we’re going to be out looking at free agents this summer. We like the team the way it is and we like the young guys that we have coming along.

What McPhee meant when he said the team was close on some other things could be very interesting, although it could range anywhere from a potential long-term deal with restricted free agent William Karlsson, to potential deals for fellow RFA’s Nikita Gusev, Tomas Nosek, Jimmy Schuldt or veteran UFA Deryk Engelland, or even a trade to free up cap space to sign any of them.

  • The Athletic’s Jonathan Willis (subscription required) looks at the potential compatibility between the Edmonton Oilers and the Winnipeg Jets, wondering if the two teams might be a perfect match for solving each of their problems. The scribe suggests the Jets could use Edmonton to help unload some of their less-significant contracts, such as Mathieu Perreault or Dmitry Kulikov, or if the Jets are more motivated, they could consider sending winger Nikolaj Ehlers, who is coming off a disappointing season, to Edmonton for a package that could include a defenseman such as Darnell Nurse or Andrej Sekera and some of Edmonton’s youth that could help bolster the team’s depth.
  • Allan Mitchell of the Athletic (subscription required) writes that the Oilers are in need of an inexpensive third-line center option, one that can kill penalties, suggesting the team look via the trade market to find that player. He writes that the Oilers should consider trying to pry Montreal Canadiens’ center Phillip Danault, as well as look at Winnipeg’s Adam Lowry, Ottawa’s Jean-Gabriel Pageau, Detroit’s Luke Glendening, or Dallas’ Radek Faksa. The scribe adds that the most likely candidate that Edmonton would be able to steal away could be Pageau.
  • The Vancouver Sun’s Patrick Johnston writes that the Vancouver Canucks should seriously consider trying to convince Toronto Maple Leafs unrestricted free agent Jake Gardiner to sign with them this offseason. While there have been rumors that Toronto wants to unload other contracts in hopes of keeping Gardiner in the fold, Johnston writes that Gardiner would be the perfect puck-carrying defenseman that the team hasn’t had since Alexander Edler was in his prime. However, he wonders whether the U.S.-born blue liner might prefer to avoid playing in Canada after a taking a lot of heat from Toronto fans over the years.

Oilers Waiting On Ken Holland To Make Decision On GM Opening

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Sunday, 9:14 a.m.: TSN’s Ryan Rishaug reports that Holland is expected to give his answer today and all indications suggest that he is interested in the job.

Sunday, 8:11 a.m.: Late last night, Friedman signed off, reporting that Holland’s decision on whether to take Edmonton’s five-year, $25MM offer will come in either Sunday or Monday. If Holland does accept the position, Dave Tippett would become the lead candidate for the team’s head coaching job.

Saturday, 8:37 p.m.: Sportnet’s Elliotte Friedman reported (via Sportsnet’s Mark Spector) on Hockey Night in Canada that the Edmonton Oilers have offered Holland a five-year contract at $5MM per year to be the Oilers General Manager.

Saturday, 3:33 p.m.: No decision is expected to be made until next week, but the Edmonton Oilers could be close to choosing their future general manager. In fact, with the franchise having recently narrowed their search to three candidates in Detroit Red Wings Senior Vice President Ken Holland, interim general manager Keith Gretzky and former Toronto Maple Leafs’ assistant general manager Mark Hunter as their top candidates, The Athletic’s Allan Mitchell (subscription required) writes that it already looks like Holland has the inside track on the job.

Holland is expected to return from a trip overseas Saturday night, suggesting that negotiations might heat up soon. While just a few days ago the GM race was considered to be a “two-horse race” between Gretzky and Hunter, Sportsnet’s Marc Spector revealed one day later that the Oilers were going “all-in” on Holland. The question was whether Holland was interested in waiting for a potential general manager job opening in Seattle or would be willing to take over in Edmonton.

Holland is completing his 36th season in Detroit and his 22nd as general manager, but with Steve Yzerman taking over those duties, Holland could be looking for another GM position already. He certainly has a impressive resume, including three Stanley Cup Championships, four Presidents’ Trophies, and has seen his team reach 100-season points 13 times. Unfortunately, his recent resume hasn’t been as exemplary as he has continued to try to keep his franchise-winning teams in contention with questionable free-agent signings and only recently committed to rebuilding their salary-capped franchise. In fact, the Red Wings have finished with a worse record than the struggling Oilers franchise for several years now. Now 63 years old, many people wonder what Holland has done in the NHL lately and whether running a franchise has past him by.

The Edmonton Sun’s Terry Jones writes that CEO Bob Nicholson is likely banking on the team hiring Holland, as the scribe believes that Nicholson isn’t enamored with the two other candidates. After two interviews already with Hunter, the fact that they haven’t hired him suggests that Nicholson isn’t comfortable hiring him, while Jones also adds that he doesn’t think Nicholson believes that Gretzky is an “A-list” hire. The belief is that if Holland takes the job, he would have full control of the franchise and that he would never have even begun talking to Nicholson if he wasn’t interested in being a general manager again.

Mitchell adds that if Holland does take over, he will likely bring in his own people into the front office. And while, he believes that there will be a place for Gretzky no matter what, Holland has stated that your need four or five key people in place to run a franchise. One interesting option if Holland does take over is who might become the team’s next head coach, suggesting that Holland has close connections to current Dallas Stars assistant coach Todd Nelson. Changes could also come quickly depending on Holland’s assessment of the Oilers’ core.  That core of Connor McDavid, Leon Draisaitl, Ryan Nugent-Hopkins, Oscar Klefbom, Adam Larsson and Darnell Nurse could be altered, considering he wasn’t the man to bring them in.

Hockey Canada Announces 2019 IIHF World Championship Roster

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The 2019 IIHF World Championship will begin next month, and Hockey Canada has finally announced their roster for the tournament. 22 players were named to the group (that could be increased to 25), including many that have represented the team at international events in the past. The full roster is as follows:

G MacKenzie Blackwood
G Matt Murray
G Carter Hart

D Thomas Chabot
D Brandon Montour
D Troy Stecher
D Damon Severson
D Shea Theodore
D Darnell Nurse
D Dante Fabbro

F Jon Marchessault
F Anthony Cirelli
F Mark Stone
F Tyler Bertuzzi
F Anthony Mantha
F Sam Reinhart
F Mathieu Joseph
F John Tavares
F Kyle Turris
F Dylan Strome
F Adam Henrique
F Sean Couturier

Pacific Notes: Karlsson, Meier, Hutton, Goldobin

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Despite his long-awaited return Saturday, the San Jose Sharks remain somewhat concerned about the long-term status of star defenseman Erik Karlsson. The team gave Karlsson as much time to rest his injured groin as possible, but with the playoffs around the corner, the team hopes the injured blueliner can stay healthy throughout the playoffs, according to Mercury News’ Paul Gackle.

Karlsson, who has played in just five games since Jan. 16 before aggravating his injury, is dealing with an injury that could resurface at any time, according to Sharks’ head coach Peter DeBoer. “You don’t know,” DeBoer said. “It could be like last time where he was healthy, but he caught it awkwardly and it ended up being a different injury. You don’t know. But you get these guys to a point where you get the green light that they’re healthy and you go.”

Regardless, DeBoer adds that the team isn’t rushing Karlsson just because the playoffs are here, claiming that Karlsson is ready to return to the ice now. The 28-year-old has three goals and 45 points in 52 games this season.

  • The Athletic’s Kevin Kurz reports that San Jose Sharks forward Timo Meier will not play Saturday in the team’s regular season finale, but DeBoer expects him to be ready for the first game of the playoffs against the Vegas Golden Knights. Meier went down Thursday after falling awkwardly during the third period and having Edmonton’s Darnell Nurse then fall on top of him. The 22-year-old picked up a career-high 30 goals and 66 points this season.
  • The Province’s Ed Willes writes that Vancouver Canucks general manager Jim Benning has said the team wants to add a defenseman, but with little interest in paying out big bucks on the free-agent market. The scribe believes the team is thus likely to acquire one via trade, suggesting they may be looking to send off forward Jake Virtanen and defenseman Ben Hutton to upgrade the defense. The 22-year-old Virtanen continues to improve as he scored 15 goals last season, but has been somewhat underwhelming considering he was the sixth overall pick in 2014. Hutton, on the other hand, had an impressive season this year, making up for two down seasons, but his consistency is still in question.
  • The Canucks will have other decisions to make as the team will have to decide on whether they want to keep forward Nikolay Goldobin going into next year as he will become a restricted free agent this summer. The 23-year-old finished the season with seven goals and 27 points in 63 games, but the team has used him sporadically in the second-half of the season. “You hope he takes the next step, he did make strides this year,” Benning said, via Sportsnet’s Rick Dhaliwal. “We will sit down with the coaching staff and decide if we want him back and continue to work with him and develop him.”

Deadline Primer: Edmonton Oilers

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With the trade deadline fast approaching, we will be taking a closer look at the situation for each team over the coming weeks.  Where do they stand, what do they need to do, and what assets do they have to fill those needs? As we continue to examine the Pacific Division, here is a look at the Edmonton Oilers.

The Edmonton Oilers have to be buyers, right? While it’s true that the team rostering Connor McDavid missing the playoffs any year, nevertheless two years in a row, is unacceptable, the reality is that much of the trade deadline pressure on the Oilers fell squarely on GM Peter Chiarelli and his job security. Ever since Chiarelli was relieved of his duties, it’s been awfully quiet on the rumor mill out of to Edmonton. It’s not clear how much authority interim GM Keith Gretzky has, but Gretzky is a draft guru anyway who is likely more comfortable adding picks and prospects at the deadline than acquiring rental help.

The fact of the matter is that – even with the front office turnover – Edmonton remains in the thick of the Western Conference wild card race, tied with the Arizona Coyotes, Chicago Blackhawks, and Anaheim Ducks with 51 points and just three points back of the Vancouver Canucks for the final playoff spot. As currently constituted, McDavid and the Oilers may not be favorites to make the postseason, but have a chance. There are many holes in the lineup and not much cap space with which to fill them at the deadline, but the Oilers could certainly push for a wild card spot if the team was able to add some pieces. But after that, they stand little chance of advancing past the first round. The team thus faces a decision of whether they should make trades, for rentals or long-term additions, without a new GM to guide them, to simply make an appearance in the postseason or instead make use of several pending free agents and add some draft capital and prospects to build with – or trade with – once the team has a more clear picture of their roster building plans, even if it hurts their playoff odds.

If the Oilers miss the playoffs again, it will hurt. However, this is a team that simply cannot afford to make any more trade mistakes. Expect Edmonton to play it safe and sell off their expiring contracts. Perhaps they’ll even make a minor hockey trade or two. The risks simply outweigh the benefits when it comes to being a buyer at the deadline this season. McDavid and company will be back in the postseason soon enough, but selling out to do so this year would be a mistake. It seems Gretzky and the interim regime understand that, but you never quite know in Edmonton.

Record

23-25-5, sixth in the Pacific Division

Deadline Status

Moderate Seller

Deadline Cap Space

$4.27MM in full-season cap hit, 0/3 used salary cap retention slots, 48/50 contracts per CapFriendly

Upcoming Draft Picks

2019: EDM 1st, EDM 2nd, NYI 3rd, EDM 4th, EDM 6th, EDM 7th
2020: EDM 1st, EDM 2nd, EDM 3rd, EDM 4th, EDM 5th, EDM 6th

Trade Chips

The whole point of Edmonton being a seller and not a buyer at the deadline is to play it safe until a new GM is at the helm. As such, don’t expect the team to trade established contributors like Ryan Nugent-Hopkins or Darnell Nurse. It also seems unlikely, despite the hype, that draft-minded Gretzky will move 2016 fourth overall pick Jesse Puljujarvi unless he is blown away by an offer. The Oilers have plenty of impending free agents or short-term players that could be of interest to buyers that they don’t need to think big right now.

The one notable name who the Oilers will surely shop is goaltender Cam Talbot. Talbot, 29, had been supplanted as the starter this season by Mikko Koskinen, who Chiarelli signed to an extension on his way out the door. With Koskinen locked up, a handful of promising prospects in the pipeline, and an intriguing free agent market for goalies this summer, Talbot’s time in Edmonton is all but over, despite whispers they could re-sign him. Talbot could wind up being the top keeper on the trade market in the days leading up to the deadline, if Sergei Bobrovsky, Jimmy Howard, and Semyon Varlamov are not moved by their respective teams. Talbot should command a nice return for the Oilers, even in a down year. Third-string journeyman Al Montoya could also be up for grabs.

Up front, Edmonton has gotten little production outside of McDavid, Nugent-Hopkins, and Leon Draisaitl this season, but could find takers for several role players. Alex Chiasson could draw the most interest; the 28-year-old continues to be one of the more underrated players in the NHL and is on pace for a career-high 42 points while playing on a minimum contract. However, Chiasson has been a nice fit for the Oilers this season and it would not be a surprise if the team held on to him through the deadline, both as an “own rental” and in hopes of re-signing him. They likely aren’t as attached to a free agent addition that hasn’t worked out: Tobias Rieder. The impending restricted free agent is a talented and versatile forward, but hasn’t shown it in Edmonton. He has yet to score a goal this season and has just nine assists to show for 39 games. The Oilers surely won’t be qualifying Rieder anyway and will look to move him for the best offer. Another skilled player who hasn’t played well in Edmonton is Ryan Spooner, who recently cleared waivers and has been buried in the minors. If a team is willing to take on Spooner’s $3.1MM salary next season, the Oilers will likely give him away. Honestly, most of Edmonton’s forwards have fallen short of expectations to the point that the team would gladly move them for a reasonable price. RFA Ty Rattie, UFA Brad Malone, and even Zack Kassian and Kyle Brodziak, who have another year remaining on their contracts, could be trade bait. Of course, if anyone is willing to take the albatross that is Milan Lucic’s contract, the Oilers would jump at that chance. That obviously remains a long shot, though.

On the back end, there are fewer options for Edmonton to move, but value exists. Despite the fifth-worst goals against per game and second-worst penalty kill in the NHL, the Oilers have a defense corps that they like, led by Nurse, Oscar Klefbom, and Adam Larsson. Kris Russell and newly-acquired Brandon Manning are also signed beyond this season and are unlikely to move. Instead, UFA’s Alexander Petrovic – who the Oilers only traded for last month – and Kevin Gravel could be nice depth additions for contenders and Edmonton would be willing to give up. They could also entertain offers for Matt Benning, who has one year remaining on an affordable deal. Ethan Bear is a name that keeps showing up in trade rumors; it could be that the Oilers don’t see a fit for the young puck-mover and try to move him in a hockey trade for another young piece.

Five Players To Watch For: G Cam Talbot, F Tobias Rieder, D Kevin Gravel, F Zack Kassian, D Ethan Bear

Team Needs

1) Young Forwards: When the majority of a team’s forwards can be listed as trade possibilities, it’s time for an overhaul. Outside of McDavid, Nugent-Hopkins, Draisaitl, and for their sake Puljujarvi, there are no other forwards currently on the Oilers roster who should compete for top-nine roles next season. Standout AHLers Kailer Yamamoto, Tyler Benson, and Cooper Marody will be given the opportunity to win full-time roles next year, but Edmonton could stand to add some competition. In trading away a valuable piece like Talbot or Spooner or swapping out another young player like Bear, the Oilers should target some young forwards who could challenge for NHL roles next season.

2) Draft Picks: The Oilers don’t want to be in a rebuild any more and, with arguably the best player on the planet on their roster, who can blame them. However, if Edmonton wants to trade for veteran difference-makers this off-season, it helps to have some trade capital. The pipeline is currently shallow and the NHL roster is largely devoid of upside outside of untouchables. Whether they flip the picks they obtain from these small rental deals to make a bigger trade or simply use them to draft replacements for the current prospects they deal away, the Oilers could use some more picks. They currently have just six selections in the upcoming draft and only two in the top 75.

3) Top Pair Defenseman: Again, the smart thing for the Oilers to do at the deadline is play it safe. They have far greater needs than just young forwards and draft picks, including a reliable goaltender, top-six wingers, and – their greatest need – another elite puck-moving defenseman, but they can be handled in the off-season by the new GM. However, if a reasonable offer comes their way that fills one of these needs, particularly the defender, it makes sense to entertain it. Edmonton may have seven veteran defenseman signed through next season, not including some promising prospects, but a top-pair defenseman remains one of their biggest needs. The Oilers get little production from the blue line outside of Nurse and Klefbom, neither of whom are racking up impressive points either. With names like Dougie Hamilton, Justin Faulk, and Alec Martinez floating around, the Oilers just need to keep their options open.

 

Pacific Notes: Oilers Defense, Hertl, Desjardins

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The Edmonton Oilers haven’t had much success when it comes to trades in recent years, but the team may be able to plug some of their offensive woes with a trade. The Athletic’s Allan Mitchell (subscription required) writes that the Oilers are actually overloaded in left-handed defensive depth throughout their system and might be able to use that depth as a way to send off for some veteran help at the wing that might allow the team to give extra development time to Jesse Puljujarvi and Kailer Yamamoto, who both were sent down to Bakersfield this afternoon.

Mitchell writes the team is loaded on the left side with two top-four players, including Oscar Klefbom and Darnell Nurse and still have Kris Russell who is playing on the right side. After that, the team has Ethan Bear as well as a host of left-handed defensemen in Bakersfield, including Caleb Jones, Ryan Stanton, William Lagesson, Keegan Lowe and Kevin Gravel. That’s a lot of options for a team, should they consider moving someone like Russell, Lagesson or Jones to add some depth at some point this winter.

  • Curtis Palshenka of the Mercury News reports that San Jose Sharks forward Tomas Hertl, who has missed the last three game with a head injury, is starting to feel better and may be able to return Sunday for their game against the Calgary Flames. He still needs to go through more testing, but remains positive. Hertl has been a key piece to the Sharks’ first line, including Logan Couture and Timo Meier. The 24-year-old is producing a point a game so far this year with five goals and nine assists in 14 games.
  • One change the new Los Angeles Kings head coach Willie Desjardins intends to implement is to cut down shift times. Helene Elliot of the Los Angeles Times writes that the coach intends to cut all shifts by 10 seconds, so that lines are only on the ice for a little over 40 seconds. “If you look at teams’ regular-season shifts and then look at their playoff shifts, their playoff shifts are always shorter,” he said, “and that’s because the intensity of the game goes up. And I think we have to bring our playoff game right now. I think we have to get our shifts shorter and I think that’s something our guys have to buy into, to be successful.” Desjardins also adds that he wants to cut down the ATOI of both Anze Kopitar and Drew Doughty, who both lead the team in ice time at their respective positions.

 

Vegas Signs Shea Theodore To Seven-Year Contract

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The stand-off between restricted free agent defenseman Shea Theodore and the Vegas Golden Knights is over and ended in a way that few expected after all this time. Late last night – or early this morning for many – Theodore ended his holdout by signing a seven-year extension worth $36.4MM, per a team release. It is a flat structure without any salary fluctuation or bonuses, but does include a modified No-Trade Clause in the final two years, as reported by TSN’s Pierre LeBrun. Theodore will now re-join the Knights at training camp and is expected to be ready for the start of the regular season.

The new contract carries a $5.2MM AAV, higher than Theodore’s reported comparable contracts of Winnipeg’s Josh Morrissey and Edmonton’s Darnell Nurse. However, those two players each signed two-year bridge deals, whereas Theodore was able to land long-term security, as well as eat into unrestricted free agency years, with five extra years at a salary of close to $2MM more. The cap hit for a long-term deal is also commensurate with Theodore’s experience relative to those two, comparable to recent deals signed by the likes of Toronto’s Nikita Zaitsev, Florida’s Michael Matheson, and the Rangers’ Brady Skjei. It turns out that term was actually the bigger factor in negotiations than salary, according to GM George McPhee, speaking to the media following the Knights’ preseason game last night. “I don’t know that we were ever really far apart; it was more what’s the right term. They were more interested in going shorter, we were more interested going longer,” McPhee said, adding that “When it was all laid out and explained” to Theodore, there was finally a resolution. McPhee stressed the importance of cost certainty when negotiation a long-term deal with a player they see as a major core piece moving forward, balancing cap space with commitment, and stating that he is “confident” with the long-term core they have put together.

Not long ago it seemed there was no resolution in sight between Theodore and the Golden Knights, only for a surprise long-term deal to be announced overnight. Could another contract negotiation break the same way? With Theodore signed, only the Maple Leafs’ William Nylander and the Ducks’ Nick Ritchie remain unsigned and the news out of both cities has been equally pessimistic. Yet, if Theodore can agree to deal with just some small tweaks and some inside information from management, others can too. With the regular season set to open next week, the clock is ticking for these two remaining RFA’s to make a deal.

Shea Theodore, Vegas Golden Knights Not Close On Contract

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Though Darnell Nurse and Josh Morrissey have both ended their contract negotiations the last few days and signed with their respective organizations, John Shannon of Sportsnet cautions any optimism that Shea Theodore could follow suit. Shannon reports that the Vegas Golden Knights and Theodore are not close to a deal currently, though obviously that could change at a moment’s notice.

Theodore, 23, is in a slightly different situation than his contemporaries, given that he has just 114 NHL games under his belt through three seasons. Even in 2017-18 he began the year in the minor leagues due to Vegas roster constraints, and ended up playing in just 61 games with the club. That obviously changed in the playoffs, where Theodore was a core piece of the blue line led all Golden Knights defensemen with 10 points in 20 games, but the team can still point to a relative lack of experience in negotiations in order to keep his cap hit down.

It’s not clear what exactly Theodore is looking for, but with the Golden Knights already without Nate Schmidt for a quarter of the season due to suspension the young defenseman does hold a fair bit leverage even in a situation where the free agent is normally at a disadvantage. Without Schmidt or Theodore in the lineup the Golden Knights really lack a puck-moving option on the left side, and could struggle to get it quickly out of their end and up to the talented forwards. Nick Holden could potentially fill part of that role, but has a ton of experience playing on the right side despite his left handedness.

Unlike Morrissey and Nurse, the Golden Knights do have the financial situation to extend Theodore long-term if they choose. While the Oilers are pushed right up to the cap already, and the Jets will be a year from now when they have to re-sign Patrik Laine, Kyle Connor, Tyler Myers and Jacob Trouba, the Golden Knights have plenty of cap room to work with going forward even after the recent Max Pacioretty extension. If the team wanted to buy out unrestricted free agent years—something that is by no means certain—they could afford the extra bump in cap space in the short term.

Still, Theodore may have cause to prefer a bridge deal himself. After putting up 29 points in those 61 regular season games last season, and knowing that Schmidt will be out for the first part of the season, there is reason to believe that Theodore could easily come close to or even eclipse a 50-point season given ample powerplay usage. That kind of output would set him up for a much bigger deal down the road after he’s proven he can stay healthy and productive for a full season, an opportunity he may not want to give up by signing long-term right now.

Edmonton Oilers Re-Sign Darnell Nurse

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After a lengthy negotiation that has led to several missed days of training camp, the Edmonton Oilers and Darnell Nurse have reached a conclusion. The two sides have reached an agreement on a two-year, $6.4MM contract. Nurse will earn just slightly more than fellow restricted free agent defenseman Josh Morrissey, who signed a two-year deal worth $6.3MM just yesterday.

Nurse, 23, is one of the most important players on the Oilers this season given their struggles on defense last year. With Andrej Sekera already dealing with a long-term injury, other options like Jakub Jerabek and Kevin Gravel not inspiring much confidence, starting the season without Nurse in the lineup could have been devastating. As it turns out, he’ll miss just a few days of training camp and be able to get into form before the season begins.

The Oilers meanwhile were almost forced into signing a bridge deal with Nurse, whether they wanted to or not. The team had approximately $3.9MM in cap space for the upcoming season, meaning they’re now down to under $1MM as we approach the year. Though there is some flexibility to be gained by moving Sekera to long-term injured reserve if they choose, signing a longer deal with Nurse would have put them in a much more difficult situation. The young defenseman broke out last season with 26 points in a full 82 game schedule, and likely would have demanded a healthy raise if he was going to sign away any of his unrestricted free agent years.

For Nurse too though, a long-term deal didn’t really make sense. Just skimming the surface of his potential as a top-four defenseman, he has the potential over the next two seasons to prove that he deserves a huge raise during the next negotiation. Just like Morrissey in Winnipeg and the still unsigned Shea Theodore in Vegas, there just isn’t a long enough track record to really demand a cap hit of $5MM or more on a long-term deal. That will certainly be possible in the summer of 2020 though, when he is a 25-year old that could potentially be the best defenseman on the Edmonton roster. When this contract ends, Nurse will have just two years of restricted free agency remaining and will have arbitration rights, something he lacked this time around.

That step towards becoming a top-pairing defenseman is what Nurse is working towards, but it’s also what Edmonton desperately needs over the length of this deal. With Connor McDavid currently one of the very best players in the world, the Oilers can’t afford to throw away seasons of his prime without an appearance in the playoffs. That’s what happened last season even while McDavid led the league in scoring, and could happen again this year without a significant bounce back from the blue line. Edmonton’s roster is much the same as it was a year ago, save for some fringe changes up front and a new backup goaltender. If the team is going to get into the playoffs, it will be on the back of an improved effort from players like Nurse.

This contract leaves just five restricted free agents left unsigned, with Theodore in Vegas already mentioned above. William Nylander (TOR), Miles Wood (NJD), Nick Ritchie (ANA) and Sam Reinhart (BUF) are the others, and will need a contract before suiting up with their respective teams this preseason. Morrissey and Nurse getting deals done might push along Theodore’s negotiations, but we’ll have to wait and see how long it takes for the others to end their holdouts.

John Shannon and Elliotte Friedman of Sportsnet were first to report the contract details.

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