11:01 a.m.: The trade call is complete, and the Oilers have now announced the deal.
10:01 a.m.: The Oilers and Canucks are working on a trade that would send winger Evander Kane to Vancouver if completed, Elliotte Friedman of Sportsnet reports Wednesday. Kane has confirmed the move himself on his X account. The Canucks are sending the Senators’ 2025 fourth-round pick (No. 117 overall) to Edmonton in return, according to Frank Seravalli of Daily Faceoff.
Kane had frequently been speculated as a trade candidate in the days since the Oilers lost their second consecutive Stanley Cup Final. Edmonton requires additional salary cap flexibility this summer to iron out a new deal for restricted free agent defenseman Evan Bouchard while reserving space for potential depth scoring and goaltending upgrades.
The 33-year-old winger is entering the final season of the four-year, $20.5MM contract he signed with the Oilers in 2022, which carries a $5.125MM cap hit. Edmonton is not retaining any of his salary, per Ryan Rishaug of TSN. Kane had a 16-team approved trade list as protection, but it doesn’t appear that was a hiccup for today’s move. Vancouver, Kane’s hometown, was his preferred destination if traded, LeBrun reports.
Kane’s move comes amid an active league inquiry into the Oilers’ handling of his surgeries and subsequent long-term injured reserve placement that kept him out for the entire 2024-25 regular season. The 6’2″ lefty underwent a wide-ranging abdominal/hip surgery last offseason but waited until the beginning of training camp to do so, keeping him sidelined until an expected January return.
Edmonton then announced shortly before he was due to return that Kane needed knee surgery, which paused his recovery from the previous surgery and added weeks to his return timeline. He wasn’t cleared to return until Game 2 of the first round, and the Oilers used the cap space Kane’s LTIR placement created to acquire defenseman Jake Walman from the Sharks in the week before the trade deadline. That surgery was recently reported as addressing a congenital issue, raising concerns with the league about the team’s decision to have him undergo the surgery at that point.
Upon returning to action in the playoffs, Kane’s performance was as expected. Even for his injury troubles and disciplinary concerns – he led the Oilers with 44 PIMs in the postseason – he’s still an extremely effective top-nine scorer and posted a 6-6–12 scoring line in 21 games. His defensive impacts continue to drag on his value, though. While never a stalwart shutdown winger by any stretch, his possession play was historically competent enough to help compensate for his defensive faults. That hasn’t been the case during his last couple of seasons in Edmonton, though, and it was especially apparent in the playoffs. Kane’s 45.5 CF% at even strength was 16th out of 23 Oilers skaters, while his relative impact of -6.5% was 18th.
That won’t be of enormous concern to Vancouver, though, especially with just one season left on his deal. The Canucks desperately needed to acquire scoring depth this offseason, and they’ll accomplish that in a pure form with Kane’s pickup. He’s averaged 29 goals and 54 points per 82 games over his 16-year NHL career. Those numbers would have put him in the team lead in goals and second in points last season. Vancouver only averaged 2.84 goals per game, 23rd in the league. Health is a legitimate concern – Kane’s only topped the 70-game mark once in the last five seasons – but with no long-term financial risk and a minimal acquisition cost, it’s a risk worth taking.
Kane should be penciled into a top-six role in Vancouver. He could even see increased minutes as a top-line wing option for Elias Pettersson, particularly with the Canucks expected to lose Brock Boeser in free agency next week.
As for the Canucks’ salary cap picture, they’re down to just over $7MM in space but have just one roster spot to fill assuming depth names like Linus Karlsson and youngsters like Jonathan Lekkerimaki and Victor Mancini get cracks on the opening night roster in the fall. While Boeser won’t be back in the picture, they have the flexibility to iron out an extension to keep center Pius Suter off the UFA market if they choose.
Rick Dhaliwal of CHEK TV was the first to report that the Oilers received a mid-round draft pick in return for Kane.
Image courtesy of Perry Nelson-Imagn Images.