Oilers Sign John Klingberg

2:31 p.m.: Klingberg’s bonus is a signing bonus, not performance incentives, Frank Seravalli of Daily Faceoff reports. There are no performance bonuses in the deal, but the prorated cap hit now rises to $1.35MM instead of $1MM.

1:57 p.m.: Klingberg’s contract carries a prorated base salary and cap hit of $1MM, Dreger reports. He can earn an additional $350K in performance bonuses. The Oilers confirmed the signing in quick succession.

12:37 p.m.: The Oilers are nearing an agreement with unrestricted free agent defenseman John Klingberg, Darren Dreger of TSN reports Friday.

Edmonton was one of a few Canadian teams and a smaller handful south of the border to express interest in Klingberg over the past few weeks, according to earlier reporting from Dreger. The 32-year-old, who finished as high as sixth in Norris Trophy voting twice early in his career, hasn’t played in well over a year after undergoing season-ending hip resurfacing surgery with the Maple Leafs in December 2023.

Klingberg became an unrestricted free agent last summer after the one-year, $4.15MM deal he signed with Toronto in 2023 lapsed after just 14 appearances. As a player with at least 400 NHL games played who spent at least 100 days on injured reserve in the prior season, he’s eligible to sign a one-year contract with performance bonuses that could lower the initial cap hit of the deal.

As with any contract involving performance bonuses, the Oilers must have the cap room to accommodate any bonuses he may earn as part of his deal. If they don’t, any amount they exceed the salary cap will be applied as a bonus carryover penalty to their 2025-26 picture.

Thanks to Evander Kane’s continuing recovery from multiple surgeries, Edmonton should be in the clear with over $5MM in its LTIR pool. His availability for the rest of the regular season is in doubt after he underwent additional knee surgery earlier this month, carrying an eight-week recovery period and halting his rehabilitation from offseason abdominal surgery.

If he stays healthy, Klingberg serves as an early deadline pickup for the Oilers and takes some pressure off general manager Stan Bowman to give up assets for an additional right-shot defender. Edmonton’s left side of Mattias Ekholm, Darnell Nurse and Brett Kulak have all averaged north of 20 minutes per game this season and done so with decent possession metrics, but the same can’t be said of depth righties Ty Emberson and Troy Stecher.

The Oilers needed another body to throw into the mix on either their second pairing alongside Nurse or their third pairing next to Kulak, and adding Klingberg gives them a far more offensively inclined option – albeit one that comes with significant defensive shortcomings. While still a serviceable power-play quarterback who posted five assists in last year’s injury-shortened campaign and has averaged more than 20 minutes per game in all of his 10 NHL seasons, his -60 rating between the 2021-22 and 2023-24 campaigns is sixth-worst among defensemen. In the 2022-23 season, which he split between the Ducks and Wild, he was on the ice for more expected goals against per game at even strength (1.13) than any other qualified defender in the league.

Edmonton will need to free up a roster spot to sign Klingberg officially. That will likely be demoting center Noah Philp or defenseman Josh Brown to AHL Bakersfield.

Klingberg will be a UFA again in months if his contract is a one-year pact, as expected. It will mark his third consecutive one-year deal after completing a seven-year, $29.75MM commitment with the Stars in 2022.

Image courtesy of USA Today Sports.