When the Edmonton Oilers signed Milan Lucic to a seven-year, $42MM contract in the summer of 2016, he was expected to bring a big, tough presence to a team that had lacked it in the past. The power forward had been a 30-goal scorer in the past, and was still in his late-twenties and expected to be effective for several years. Today, as Lucic celebrates his 30th birthday, speculation has risen about his future in Edmonton.
On Edmonton radio today, Frank Seravalli of TSN reported that the Oilers are talking to other teams to try and trade Lucic and get rid of his contract:
My understanding, and the reason that Milan Lucic is on our [TSN Trade Bait] list, is from my understanding they’re trying and talking to teams about potentially taking another contract back—even if that means sweetening the pot with a pick or some other roster player in order to make it happen—they’re pushing, or at least doing their due diligence and working to move on from Milan Lucic if they can. I just don’t know if it’s going to happen with that much term left, it’s going to be a really tough one to do.
Lucic is coming off the worst full season of his career, with just 10 goals and 34 points in 82 games. Though still able to protect the puck and help his team out through the neutral zone, Lucic looked a step behind the play at times and unable to really assert himself in the offensive zone. His minutes were reduced in the latter part of the season, averaging just 13:41 in his final 15 games.
The Oilers could perhaps have an ace up their sleeve if they are truly trying to trade the big winger. On July 1st, Lucic is owed a $3.5MM signing bonus on what was a front-loaded contract, meaning any acquiring team will only need to pay him $22.5MM over the last five years of the contract. Though his cap hit of $6MM is still troublesome for several clubs in the league, a team with ample space might be more amenable to a player earning an average of just $4.5MM over the next several years. If the Oilers were to retain salary in the transaction, they could reduce that number even more.
There is of course the chance that Lucic bounces back from his terrible season. He hadn’t posted a full season without at least 42 points since his rookie year in 2007-08, and had scored 23 goals as recently as 2016-17. Though he may not be the high-end scoring player he once was, an effective third-line player for less than $4.5MM doesn’t seem so bad. If Edmonton can find a team that is willing to take on the money in exchange for that “sweetened pot,” perhaps there is a deal to be made. Otherwise, they’ll have to hope for that bounce back season on their own, and try to fit Lucic into a roster that desperately needs to get back to the playoffs in 2018-19.



