Notes From The Philip Broberg, Dylan Holloway Offer Sheet Fall-Out
The Oilers were likely to lose Philip Broberg one way or another this month. The Blues were one of three teams preparing an offer sheet for the defenseman, Andy Strickland of Bally Sports Midwest reports.
It’s unclear if the two other offers were officially presented to Broberg’s camp. But, as a reminder, unsigned RFAs have no obligation to sign an offer sheet if they’re presented with one.
That means the Blues weren’t just competing with the Oilers’ offer to retain Broberg, which Strickland adds was likely a two-year deal with a $1.1MM average annual value, far less than the $4.58MM AAV at which they acquired him. They were competing with two other teams, partially explaining their inflated offer to the 2019 eighth-overall pick. Their offer to Broberg was also the maximum they could sign him for without being required to part with their 2025 first-round pick as compensation to Edmonton.
It’s also fair to infer that Broberg’s camp had an indication for some time that there was offer sheet interest. The deal from the Oilers was much closer to fair market value for a defender coming off a season spent mainly in the minors and less than an entire season’s worth of NHL experience under his belt.
Edmonton’s offer to Dylan Holloway was a three-year deal worth $1.05MM, per Strickland. That’s a much smaller gap to bridge to the two-year, $2.29MM AAV pact he signed with St. Louis. Still, a deal over the $2MM AAV threshold for a player with fewer than 10 NHL goals across nearly 90 games is challenging for a cap-strapped contender, regardless of his ceiling.
They’ve gone with a slightly older but cheaper player with a skillset to replace him by acquiring Vasily Podkolzin, who was selected two picks after Broberg in 2019, from the Canucks. His AAV is $1MM for the next two seasons, mirroring their offer to Holloway more closely.
Sacrificing short-term overpaid but high-ceiling young talent came to maintain in-season salary cap flexibility, posits Elliotte Friedman of Sportsnet. After declining to match the offer sheets, the Oilers have enough projected cap space to field a 22-player opening night roster without utilizing long-term injured reserve, allowing them to accumulate cap space throughout the season.
That will give general manager Stan Bowman free reign to add talent at the trade deadline as the Oilers attempt to make their second Stanley Cup Final in as many years. Per PuckPedia, maintaining their roughly $946K in season-opening cap space will snowball into $4.4MM available to spend on March 6.
Oilers Acquire Paul Fischer From Blues
The Blues announced Tuesday that they’ve sent unsigned 2023 fifth-round pick Paul Fischer and a 2028 third-round pick to the Oilers in exchange for future considerations. The swap immediately follows the Blues’ successful acquisition of Philip Broberg and Dylan Holloway from Edmonton via offer sheets.
Fischer, 19, is a solid pickup for the Oilers, who presumably acquired him as a sweetener not to match St. Louis’ offer for either player. The left-shot defenseman is decently sized at 6’1″ and 201 lbs and is coming off a promising freshman outing at Notre Dame, where he contributed more offense than expected with 16 points in 34 games.
While he projects as a stay-at-home defender if he ever cracks an NHL lineup, Fischer does have good instincts with the puck. Those were apparent with his 14 assists last year, which tied for third on the Fighting Irish.
Fischer was a solid value for the Blues with the No. 138 pick last year. TSN’s Craig Button had him inside the top 100 of his rankings, and NHL Central Scouting pegged him as the No. 58 North American skater in the class.
The Oilers have until Aug. 15, 2027, to sign Fischer to his entry-level contract before his exclusive signing rights expire. After Broberg’s departure, he immediately becomes one of the better options in a paper-thin pool of left-shot defense prospects in Edmonton.
Oilers Decline To Match Offer Sheets For Philip Broberg, Dylan Holloway
The Oilers have let Philip Broberg and Dylan Holloway head to the Blues today by declining to match the offer sheets they signed last week, the team announced.
As such, Broberg and Holloway will enter into valid two-year contracts with the Blues. Broberg’s deal has a total value of $9.16MM and a $4.58MM cap hit, while Holloway’s has a total value of $4.58MM and a $2.29MM cap hit. Upon expiry in 2026, each will become restricted free agents with arbitration rights.
Edmonton will receive the Blues’ 2025 second and third-round picks as compensation for the Broberg and Holloway offers. St. Louis had previously traded away next year’s second-rounder but re-acquired it from the Penguins minutes before announcing the offer sheets last week.
Broberg, 23, was the eighth overall pick in the 2019 draft after dominating that year’s U18 World Championship, being named the tournament’s best defenseman, an All-Star, and a top-three player on the team while winning a gold medal with Sweden. Unfortunately, he hasn’t yet been able to convert that draft pedigree into a full-time NHL role. He’s bounced between the Oilers and their AHL affiliate, the Bakersfield Condors, limiting Edmonton’s willingness to give him a deal with a seven-figure AAV, let alone one in the $4MM range.
2023-24 marked a regression for Broberg, who got just 12 regular-season appearances after making a career-high 46 the season before. The left-shot averaged 11:37 per game, his shortest leash since making his NHL debut three years ago, and had two assists with a -3 rating. However, he was able to unlock a new gear in the minors. He’d been a two-way force with the Condors since arriving in North America in 2021 but took things to a new level last season with five goals, 33 assists, 38 points, and a +11 rating in 49 games. His 0.78 points per game were fourth in the league among defenders with at least 15 games played.
Broberg entered restricted free agency for the first time on a bit of a high note after re-entering the Oilers lineup during the tail end of their run to the Stanley Cup Final. He got into 10 games in May and June, getting top-four spot duty alongside Darnell Nurse and averaging 15:48 per game. He seemed to respond well, posting three points and a +8 rating, but his shot attempt metrics were quite poor, and his rating has more to do with an artificially high .969 SV% from Oilers netminder Stuart Skinner while Broberg was on the ice. The eye test indicated he was playing with more confidence, though, despite being bumped to his weak side playing with Nurse.
Holloway is a similar story. The 6’1″ forward, who turns 23 next month, was the No. 14 overall pick a year after Broberg and, had he been eight days older, would have been eligible for the 2022 draft instead. In his post-draft season, Holloway enjoyed a standout sophomore campaign at the University of Wisconsin, where he had 35 points in just 23 games and was named to the Big 10 conference’s First All-Star Team and was a finalist for the Hobey Baker Award for the top collegiate player. However, like his Swedish counterpart, Holloway has failed to avoid AHL assignments through each of his three professional seasons thus far.
However, Holloway has gotten more runway at the NHL level, making 89 appearances combined over the past two campaigns. He’s likely a safer bet to be an impact piece for St. Louis this season despite his contract being worth half as much as Broberg’s. With Edmonton’s world-beating forward depth, there have been limited opportunities for Holloway to land a spot higher up in the lineup, limiting his usage to 10:21 per game. That’s resulted in a relatively meager career offensive output of nine goals and 18 points, 0.20 per game.
Like Broberg, Holloway’s minor-league showings have been strong, most recently scoring 10 goals and six assists in 18 games with the Condors last season. But with the pending move to the Blues, both players’ days of seeing AHL ice are over. The Blues’ entire left defense depth chart becomes a tossup with Broberg, Pierre-Olivier Joseph, Scott Perunovich and veterans Nick Leddy and Ryan Suter, neither of whom have any set roles entering the season. There’s also the matter of Torey Krug, who could miss the entire 2024-25 season if he undergoes surgery to correct pre-arthritic conditions in his left ankle. If he’s out, there’s a chance for Broberg to earn a top-four job come opening night with a strong training camp.
Likewise, the Blues’ below-average forward depth gives Holloway a fighting chance at claiming a top-nine role when the Blues kick off the NHL’s Opening Night festivities against the Kraken on Oct. 8. There are options galore for the Blues to utilize Holloway, who can play both left-wing and center, in a wide-open competition with depth players like Mathieu Joseph, Kasperi Kapanen and Alexandre Texier.
It’s all part of a clear directive from St. Louis general manager Doug Armstrong to get younger and faster this summer, picking up more cost-effective depth pieces like Joseph and Texier to help boost a team with a roster now barely recognizable from its 2019 Stanley Cup win.
The Blues will be down to just $470K in projected cap space after taking on the contracts, but that’s assuming a roster size of two players over the 23-man limit. If they sent a pair of league-minimum contracts down to the minors, they’ll begin the season with just over $2MM in space.
After letting both players walk, the Oilers’ pathway to cap compliance is now clear. It’ll be a tight fit, but they have a few options to submit a cap-compliant opening night roster with at least one healthy extra, as outlined by PuckPedia. On the ice, they went out and acquired cheaper replacements for Broberg and Holloway on the trade market by picking up Ty Emberson from the Sharks and Vasily Podkolzin from the Canucks, but said goodbye to top-four fixture Cody Ceci and his $3.25MM cap hit in the process.
Elliotte Friedman of Sportsnet was first to report that the Oilers would not be matching the offer sheets.
Images courtesy of USA Today Sports.
Broberg Could Play On Second Pairing In St. Louis
There is no clear outline of how the Edmonton Oilers will approach the offer sheets signed by forward Dylan Holloway and defenseman Philip Broberg earlier this week. Still, some pundits in the media are already theorizing about their futures in St. Louis. Jim Matheson of the Edmonton Journal reported earlier today that if Broberg were to become a player for the Blues organization eventually, he would supplant Scott Perunovich on the second pairing and play next to Justin Faulk.
The main problem with this hypothesis is that Perunovich has arguably been the better defender over the last two years and has grown as a prospect through the Blues farm system. Perunovich has accrued 23 assists in his first 73 games in the NHL while Broberg has only potted 13 points in total through his first 81 games. Perunovich also appears to be the better defensive player at face value and in the advanced statistics with his 91.2% on-ice save percentage compared to Broberg’s 87.3%. In Broberg’s defense, he has been rarely utilized thus far by Edmonton as he’s only managed to average 12:42 of ice time per game with Perunovich receiving nearly three minutes more on average.
Head coach Drew Bannister should have plenty of flexibility on the blue line even if the Oilers decide to match Broberg’s contract. St. Louis already has nine defensemen signed to one-way contracts for the 2024-25 NHL season; with five being left-handed shots. Broberg would give the Blues a total of 10 one-way contracts on the back end with six left-handed shooting defensemen.
West Notes: Mercer, Rantanen, Oilers
The Wild have invited undrafted free agent goalie Riley Mercer to next month’s rookie camp, reports Mike Morreale of NHL.com. Mercer, the younger brother of Devils RFA forward Dawson Mercer, was passed over in the 2022, 2023 and 2024 drafts but came into his own in his final season of junior hockey last year with the QMJHL’s Drummondville Voltigeurs.
The 20-year-old Newfoundland native took over as the Voltigeurs’ starter for the first time in 2023-24, posting a 2.83 GAA and .905 SV% with two shutouts and a 31-13-4 record in 49 appearances. But he erupted in the playoffs, taking over with a shining 1.89 GAA and .934 SV% in 19 games as Drummondville won the QMJHL championship.
Mercer, who stands at 6’2″ and 205 lbs, hasn’t inked a professional contract for this season. He’s technically eligible to return to the Voltigeurs for an overage season, but CHL clubs are limited to three overagers on their roster at any given time and tend not to use those slots on goaltenders.
An entry-level contract with the Wild out of rookie camp is impossible but unlikely. However, a decent showing could earn him a deal with their AHL affiliate, the Iowa Wild, or their ECHL affiliate, the Iowa Heartlanders. It would be a tough numbers game, though, as the organization has seven goalies under contract across the three leagues already (five NHL deals, one AHL deal, and one ECHL deal).
More out of the Western Conference today:
- Sportsnet’s Elliotte Friedman chimed into the summer discourse today with a quick-hit edition of his “32 Thoughts” podcast, mentioning, among other topics, that there’s a strong sense around the league that the Avalanche and Mikko Rantanen won’t have any issues coming to terms on an extension. “You start to do your planning a year out,” Friedman said. “They’re starting to take Draisaitl off their boards because they think that’s going to get done in Edmonton, and I had some teams tell me they don’t have any reason to believe, right now, that Rantanen is going to be a hard one to get done either. We’ll see where that goes” (hat tip to Evan Rawal of Colorado Hockey Now). As things stand, Rantanen would be the consensus No. 2 player on the 2025 UFA market behind Draisaitl. The 27-year-old winger remained over the 100-point threshold in 2023-24, posting 42 goals and 62 assists in 80 games. An eight-year extension would feasibly eclipse the $11MM mark per year, a decent raise on his current $9.25MM AAV.
- The Oilers should match the Blues’ two-year, $4.58MM offer sheet for Dylan Holloway but let Philip Broberg walk for his two-year, $9.16MM offer, argues Shayna Goldman of The Athletic (subscription required). Among other reasons, the likelihood of Holloway being worth his $2.29MM cap hit this season is much higher than Broberg providing fair value for his $4.58MM price tag, especially for a pair of former first-rounders at similar spots in their development.
Blues Offer Sheet Philip Broberg, Dylan Holloway
The Blues are tendering offer sheets to Oilers RFAs Philip Broberg and Dylan Holloway, the team announced (via Matthew DeFranks of The St. Louis Post-Dispatch). In a separate transaction, they’ve reacquired their own 2025 second-round pick from the Penguins to have the appropriate compensation should Edmonton not match one or both of the offer sheets.
St. Louis’ offer sheet for Broberg is a two-year, $9.16MM deal, while Holloway’s is a two-year, $4.58MM deal, per DeFranks. The deals carry AAVs of $4.58MM and $2.29MM, respectively.
Both are at the maximum of their respective categories in the offer sheet compensation thresholds, which the league updated this offseason. Should Edmonton fail to match, the Blues would owe the Oilers their 2025 third-round pick for Holloway and the aforementioned 2025 second-round pick for Broberg.
The preceding pick swap with the Penguins saw the Blues acquire Pittsburgh’s 2026 fifth-round pick and next year’s second-rounder, sending their 2026 second-round pick and the Senators’ 2025 third-round pick in return. St. Louis had sent its 2025 second-rounder to the Penguins in June to get Kevin Hayes‘ $3.57MM cap hit off the books, while they acquired Ottawa’s pick as compensation for taking on the final two seasons of Mathieu Joseph‘s contract at a $2.95MM cap hit.
New Oilers general manager Stan Bowman now has seven days to decide whether to match the offer sheets or accept the draft-pick compensation. But given Edmonton’s financial situation, matching the bloated short-term deals will be a tough ask.
The second year attached to both deals may be the deciding factor. Not only are the Oilers already over the salary cap today, paying out nearly $7MM in cap hits in 2025-26 for Broberg and Holloway would significantly inhibit their ability to sign pending UFA Leon Draisaitl to what will likely be the richest deal in franchise history.
But if the Oilers decide to match one or both the offer sheets, they wouldn’t need to make any corresponding transactions immediately. Edmonton is only roughly $350K over the $88MM salary cap, per PuckPedia, and teams can exceed that upper limit by up to 10% during the offseason. That’s enough wiggle room to add $6.87MM worth of Broberg and Holloway to the books, but they would need to shed more salary than previously anticipated to become cap-compliant by the time opening-night rosters are due.
Edmonton’s short-term crunch could be helped out by Evander Kane, who’s expected to need surgery and will likely start the season on long-term injured reserve. But if Kane and his $5.125MM cap hit aren’t expected to miss the entire season, they’ll still need space to activate him at some point.
On St. Louis’ end, it’s now clear why GM Doug Armstrong was intent on keeping his options open financially this summer, shedding some bad deals for slightly more cost-effective ones. The Blues have $7.34MM in projected cap space, per PuckPedia, ninth-most in the league. It’s enough to take on the AAVs for Broberg and Holloway without any corresponding moves, and they could end up with even more flexibility should defenseman Torey Krug require surgery to address pre-arthritic conditions in his left ankle. That would cost him the entire 2024-25 season and make him eligible for LTIR, allowing them to use his $6.5MM cap hit for relief.
Failing to match either would be a tough proposition for the Oilers, who selected Broberg eighth overall in 2019 and Holloway at 14th overall in 2020. Both are on their way to becoming everyday NHL contributors, with Holloway appearing in all 25 playoff games for Edmonton and Broberg pushing for more NHL minutes after excelling with the Oilers’ AHL affiliate, the Bakersfield Condors, last season.
Lindstein To Play In SHL Next Season
When the Blues signed prospect Theo Lindstein back in March, they gained assignment rights on him as a first-round pick, meaning they could have assigned him to their AHL affiliate. However, the blueliner confirmed to Gefle Dagblad’s Daniel Sandstrom that he will remain with SHL Brynas for the 2024-25 season and will not attend training camp with St. Louis next month. Lindstein was the 29th overall pick in 2023 after playing a regular role for them in the SHL. Brynas was relegated to the second-tier Allsvenskan last season where he had 15 points in 49 games plus four more in 13 qualification games to get them back up to the top level. Because Lindstein clearly won’t play in ten or more NHL games this coming season, his contract will slide and still have three years remaining on it heading into 2025-26.
Juraj Pekarcik Moved In QMJHL Trade
- St. Louis Blues prospect Juraj Pekarcik was a part of a deal in the QMJHL earlier today as the Moncton Wildcats acquired him from the Acadie–Bathurst Titan in exchange for a third-round pick in 2026. Pekarcik has yet to play a game in the QMJHL as he spent last year with the Dubuque Fighting Saints of the USHL after being selected 76th overall by the Blues organization in the 2023 NHL Draft. In his first season after being drafted, Pekarcik suited up in 43 games for the Saints and scored nine goals and 49 points.
Central Notes: Faber, Wood, Hemming, Buchinger
The Wild’s franchise-record extension for rising sophomore defenseman Brock Faber turned some heads yesterday, but general manager Bill Guerin believes the deal is “worth the risk,” he told Joe Smith of The Athletic (subscriber link).
Smith adds that Guerin has acknowledged the league-wide trend of banking on potential core pieces early in their careers, getting the cost certainty that comes with rich, long-term deals compared to bridging players through their prime and then overpaying for their twilight seasons.
“This is a different game now, a different generation, a different way of doing business,” Guerin said. “It’s really important you have to do a lot of work to make sure who you’re identifying as your foundation guys… I’d much rather have a guy Brock’s age on an eight-year deal than a 31-year-old guy. It makes sense. [Faber’s] shown he’s mature enough to handle it.”
More out of the Central Division:
- As the Predators’ No. 1 forward prospect, winger Matthew Wood is looking to be more efficient at filling out his 6’4″ frame, he tells Robby Stanley of NHL.com. “I feel a lot stronger on my feet. I think I’m starting to use my body a bit better and starting to learn about that. Strength is definitely something I’m working on, and that’s going to take my game to the next level,” Wood said. The 19-year-old is transferring from UConn, where he had 27 goals and 62 points in 70 games over the first two seasons of his collegiate career, to Minnesota for his junior season in 2024-25.
- The new-look Stars have been built on the back of expert player development, a pattern they’re hoping to repeat with 2024 first-round pick Emil Hemming. Dallas already has the Finnish winger signed to his entry-level contract, and he’ll be closer to the Stars this season by moving from his home country to the Barrie Colts of the Ontario Hockey League. It’s part of an attempt to strike gold yet again and work more directly with the 6’1″, 205-lb forward on developing his all-around game, writes Sean Shapiro of EP Rinkside on his personal blog (subscriber link).
- In an interview with Matthew DeFranks of the St. Louis Post-Dispatch (subscriber link), Blues defense prospect Michael Buchinger says he’s ready to make the jump to the pros this fall after wrapping up his junior career with the Ontario Hockey League’s Guelph Storm. “I just think making the first decision, not trying to overthink, not trying to make a fancy pass,” Buchinger said. “Obviously at the pro level, everyone’s in that right position. Just understanding the systems and where guys are going to be and making a really quick, smart decision. I think the rest will take care of itself.” The No. 88 pick in 2022 will have his entry-level contract go into effect this year, and he’s expected to start the campaign on assignment to AHL Springfield, where DeFranks notes he should have ample power-play opportunity thanks to roster turnover.
Springfield Signs Oliver Chau To AHL Contract
- The AHL affiliate of the St. Louis Blues, the Springfield Thunderbirds, has made a big addition to the lineup by adding Oliver Chau on an AHL contract for the 2024-25 season (X Link). Chau was an impressive scorer for the ECHL’s Florida Everblades last year after scoring 26 goals and 60 points in 70 games. Outside of regular season success, Chau recorded nine goals and 23 points in 23 postseason contests en route to playoff MVP honors and a Kelly Cup Championship.
[SOURCE LINK]