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Edmonton Oilers Sign Slater Koekkoek

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The Edmonton Oilers will be bringing back a familiar face. The team has signed Slater Koekkoek to a two-year contract that will carry an average annual value of $925K. Koekkoek was an unrestricted free agent, but spent this past season with the Oilers. PuckPedia reports that the deal is worth $750K in 2021-22 and $1.1MM in 2022-23.

Koekkoek, 27, registered a single point in 18 games for the Oilers, but still was in the lineup when the team took on the Winnipeg Jets in the first round of the playoffs (and were quickly swept). If things go according to plan he won’t be there this time around, as the Oilers have revamped their defensive group, but the team still obviously values him enough to bring him back on an inexpensive deal.

Selected 10th overall by the Tampa Bay Lightning in 2012, Koekkoek was supposed to bring a mix of size and offensive ability. Insead, by the time he got to the NHL that offense had completely dried up, limiting him to a depth role. In 85 games for the Lightning spread over parts of five years, he registered 14 points. He actually eclipsed that mark by one in just 64 contests with the Chicago Blackhawks, but there was still never really any sign of a top-four player.

Now, even hitting the open market at a relatively young age, Koekkoek has taken the security of a two-year deal with the Oilers. He’ll slide into the depth chart somewhere around seven or eight, depending on the development of some of the younger options in Edmonton’s pipeline, but there’s little doubt Koekkoek will be playing games for them at some point this year.

Mark Spector of Sportsnet broke the deal on Twitter

Edmonton Oilers Sign Tyler Benson

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The Edmonton Oilers have signed minor league forward Tyler Benson to a one-year, two-way contract for the 2021-22 season. The deal will pay him $750K at the NHL level. Benson was a restricted free agent this offseason but did not qualify for salary arbitration.

It’s been five years now since Benson was selected 32nd overall by the Oilers, and despite very strong minor league numbers he still has just seven games played at the NHL level. This season the young forward started the season playing in Switzerland, before re-joining the Bakersfield Condors when the AHL season got underway. In 36 regular season games with the Condors, he once again put up big numbers, scoring ten goals and 36 points.

There’s never really been a question about Benson’s offensive upside at the AHL level, but he has failed to ever really grab an NHL roster spot and run with it. He’ll likely get another chance at training camp this season, battling with players like Brendan Perlini for the last few spots. This time, there’s a big difference in his favor–Benson is no longer waiver-exempt.

That means the Oilers would need to risk him to the rest of the league in order to send him to the minor leagues, and though waiver claims are relatively infrequent, a 23-year-old point-per-game AHL player would likely attract some interest. If there was ever a chance to have the best training camp of your career, it’s now for Benson.

Oilers May Invite Simon Kubicek To Training Camp

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  • The Oilers may invite undrafted defenseman Simon Kubicek to training camp, suggests Postmedia’s Kurt Leavins. The 20-year-old’s WHL rights were recently acquired by the Oil Kings who play out of the same rink as their NHL counterpart.  Kubicek spent most of the season with Ceske Budejovice of the Czech Extraliga and also suited up at the World Juniors (which also took place in Edmonton).

Edmonton Oilers Sign Stuart Skinner

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The Edmonton Oilers have signed Stuart Skinner to a new two-year, two-way contract. The deal comes with a $750K average annual value at the NHL level. Skinner was a restricted free agent but did not qualify for salary arbitration.

For a team like the Oilers, who have several aging goalies at the NHL level, a prospect like Skinner is very important. The 22-year-old netminder had a strong season for the Bakersfield Condors in 2020-21, posting a 20-9-1 record with a .914 save percentage in 31 games. That minor league success is promising and hopefully points to a future with the Oilers down the road.

While that NHL future may not be this season, having a homegrown talent take over in net at some point would be a huge win for the Edmonton front office. Since the cap era started in 2005-06, the team has constantly cycled through veteran after veteran, while failing to really develop many of their own draft picks. Devan Dubnyk was the exception to that, but he’s been gone for years now and experienced his best years elsewhere.

With a group that includes Mike Smith, Mikko Koskinen and Alex Stalock signed for this season, there may not be much room for Skinner. But two of those goaltenders are unrestricted free agents at the end of the 2021-22 season, which could potentially open a spot for a young backup. The fact that Skinner is still waiver-exempt helps this year, but that designation will end after the upcoming season. A two-year contract opens up the chance that he could be a league-minimum option for them in 2022-23.

Buyout-Proof: Darnell Nurse’s Extra Protection

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The Edmonton Oilers made a huge commitment to Darnell Nurse yesterday, signing the 26-year-old defenseman to an eight-year contract extension. The $74MM contract doesn’t even kick in until the 2022-23 season, meaning it will keep him employed until 2030. The $9.25MM cap hit is currently the fifth-highest among NHL defensemen, but the average annual value isn’t the only thing to negotiate when it comes to career-defining contracts.

The contract also includes a full no-movement clause through the 2026-27 season, and a modified no-trade clause through the final three years. Nurse will be able to submit a list of ten teams he would accept a trade to during those final few years, but that’s actually not the only protection built into the deal. For that, the full salary breakdown is needed (via CapFriendly):

  • 2022-23: $12.0MM salary
  • 2023-24: $10.4MM salary
  • 2024-25: $12.0MM salary
  • 2025-26: $10.0MM salary
  • 2026-27: $2.0MM salary + $6.0MM signing bonus
  • 2027-28: $1.2MM salary + $6.0MM signing bonus
  • 2028-29: $1.2MM salary + $6.0MM signing bonus
  • 2029-30: $1.2MM salary + $6.0MM signing bonus

The combination of a contract being front-loaded and then filled with signing bonuses creates another sort of protection for Nurse. After the halfway point, it essentially can’t be bought out. The cap savings would be negligible at that point, meaning the defenseman will almost certainly see this new deal play out regardless of how he performs down the line.

For instance, if the team tried to buy the deal out in June 2026, they would still face cap hits of $7.72MM in 2026-27 and $8.52MM in each of the next three years. As it gets closer to the end of the term, the cap savings would be even less. That means if things go sour, Edmonton would need to pull the trigger early to get any real relief, like the Minnesota Wild recently did with Zach Parise and Ryan Suter, but that would still result in some painful cap penalties without a player to show for it.

This isn’t the first time the league has seen contracts structured in a way to prevent buyouts. In the summer of 2016, just a few days after free agency opened, PHR published a piece examining how Loui Eriksson’s deal (and several others signed that day) was essentially buyout-proof. As we enter the final season of that six-year, $36MM deal, Eriksson is still technically active but was scratched for basically the entire 2020-21 campaign. He played just seven games for the Vancouver Canucks this year and has just 14 points over the past two seasons. Despite his obvious struggles, there wasn’t a way to clear his contract off the books–at least not without trading him.

Edmonton could now face that same situation if Nurse’s play declines a few years from now. It’s a gamble, an especially risky one to take a year out from Nurse reaching unrestricted free agency. In 2022-23, the Oilers’ defenseman will be earning the same amount of money as Connor McDavid, whose eight-year, $100MM contract was only slightly front-loaded. The team is making a huge investment in the short term, hoping to find some success in the postseason.

Oilers Sign Brendan Perlini

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The Oilers have added some forward depth, announcing that they have signed winger Brendan Perlini to a one-year, two-way contract.  The deal will pay the NHL minimum of $750K while the AHL salary was not released.

It has been a bit of an odd journey for the 25-year-old so far.  Drafted 12th overall by Arizona in 2014, Perlini showed some offensive upside early in his career, notching 14 goals in his rookie season and 17 in his sophomore campaign.  A sluggish start in 2018-19 resulted in a trade to Chicago where he picked up a dozen more tallies in 46 games.

He was never really able to lock down a spot though and early in 2019-20, he was flipped to Detroit where the production dried up entirely as Perlini had just one goal and three helpers in 39 games, numbers that led to a non-tender last fall.  Rather than accept a two-way deal, Perlini went overseas and signed with Ambri-Piotta in Switzerland where he had a decent campaign with nine goals and seven assists in 21 games, good enough for seventh in team scoring despite missing more than half the season.

Perlini is an interesting fit for Edmonton.  The Oilers are a team that will need to fill out their roster with some cheaper contracts while having more on hand in the minors for recalls.  There’s definitely enough a track record to suggest that Perlini could rebound offensively and be a serviceable contributor in the bottom six but with how things went in Detroit, it’s possible he rarely sees the ice for him.  Still, there is rarely a bad two-way contract and this one certainly will carry a little bit of upside for Edmonton.

Darnell Nurse Signs Eight-Year Extension

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The Edmonton Oilers may have lost Adam Larsson to the Seattle Kraken, but won’t be letting Darnell Nurse get anywhere close to free agency. The team has signed their top defenseman to an eight-year contract extension, which, when added to the one-year he has left on his current deal, keeps him locked up through the 2029-30 season. Nurse’s average annual value will increase to $9.25MM for the 2022-23 season, giving him the fifth-highest cap hit among NHL defensemen, coming in just below the recent extensions for Zach Werenski and Seth Jones.

Nurse, 26, was the seventh-overall selection in the 2013 draft, picked three spots behind Jones and just ahead of Philadelphia’s Rasmus Ristolainen. During his 406 regular season games, he has recorded 157 points and averaged more than 22 minutes of ice time. Both of those numbers have increased dramatically recently though, with Nurse recording an outstanding 16-goal, 36-point campaign in 2020-21. That was good enough for seventh in the Norris Trophy race, the first time he had received votes for the award.

This is betting that the increased level of play Nurse showed this year will continue, but it’s also locking up a player who has never wavered in his commitment to the Oilers. The team has had trouble keeping or attracting premium free agents in the past, which Nurse would have represented had he been allowed to play out this season. He was scheduled for UFA status in the summer of 2022, where teams from all over the league likely would have offered large, long-term deals.

Still, this bet comes with a ton of risk for Edmonton. Nurse has never had very strong defensive metrics, and though he adds a lot of the things teams covet—size, skating ability, physicality and offense—it hasn’t resulted in any real success for the Oilers. He’s played just 21 postseason games during his career, 13 of those coming in the 2016-17 season and four being the qualification round from 2020. All of that has come when Nurse was making quite a bit less than he will be going forward, meaning he’ll have to improve his play to provide any real excess value for Edmonton.

Of course, there is quite a bit of money coming off the books for the Oilers next season. Mikko Koskinen’s $4.5MM cap hit will expire, as will contracts for both Kyle Turris and Kris Russell. After the 2022-23 season the team will no longer be paying Milan Lucic (retained) and Andrej Sekera (buyout) to not play for them. A deal of this magnitude doesn’t put them in cap hell, but it certainly will restrict what they can do with that extra space.

The question now is how the rest of the blueline will look in Edmonton this season, with newcomers Duncan Keith and Cody Ceci joining the fray. The team has its presumed top-four locked up through at least the 2022-23 season, though the emergence of Evan Bouchard as a difference-maker while still on his entry-level deal would certainly help.

By next season Nurse will become the second-highest paid player on the Oilers, surpassing the $8.5MM that Leon Draisaitl’s contract carries through 2024-25. That comes with plenty of expectations, especially on a team that has also has the best player in the world. With this much money being handed out, there will have to be some postseason success and it’ll have to come soon.

Photo courtesy of USA Today Sports Images

Oilers Working On Max-Term Extension For Darnell Nurse

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  • In the same podcast, Friedman reports that the Oilers are now focused on a max-term extension for defenseman Darnell Nurse. Previously, the expectation was a medium-term deal but with Dougie Hamilton’s contract with New Jersey setting the market, a long-term pact in the $9MM range appears to be the target for the 26-year-old who is coming off his top season that saw him collect 16 goals and 20 assists in 56 games while logging over 25 minutes a night.

Patrick Russell Signs In Sweden

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Another one of the Edmonton Oilers’ unrestricted free agent forwards has found a new home. Patrick Russell has signed a two-year contract with Linkoping HC of the SHL, returning to the program he played for in junior.

Russell, 28, suited up just eight times for the Oilers this season, registering two assists. Originally signed as an undrafted free agent out of St. Cloud State, the Danish forward ended up playing 59 games over the last three years with Edmonton. Amazingly, he failed to record a single goal despite generating 76 shots on net. If he fails to return to North America, his NHL career will end with zero goals and seven points.

For years now, the Oilers have been trying to find a mix of forwards that can give Connor McDavid and Leon Draisaitl some help. With the additions of Zach Hyman, Warren Foegele, and Derek Ryan, they’ll try again to make a more balanced attack. Russell, who was a strong player for the Bakersfield Condors when in the minor leagues, will end up back overseas after failing to fill one of those bottom-six roles.

Oilers Re-Sign Warren Foegele

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After acquiring Warren Foegele earlier this week, the Oilers wasted little time getting him signed, announcing that they’ve inked him to a three-year deal that carries a cap hit of $2.75MM.  He was tendered a $2.25MM qualifying offer at the beginning of the week.

The 25-year-old was acquired from Carolina in exchange for defenseman Ethan Bear, a deal that opened up a spot for Edmonton to turn around and sign Cody Ceci while also giving them some grit on the wing.  Last season, Foegele played in 53 games for the Hurricanes, notching 10 goals and 10 assists while averaging a career-high 14:09 per game.  He was a little quieter in the playoffs, however, scoring just once while adding a single assist in their ten postseason contests.

Foegele had made it known that he was hoping to have a chance at playing a bigger role and he could get that opportunity with Edmonton.  The Oilers have used Zack Kassian in the top six at times to add some grit on their scoring lines and Foegele could conceivably fill that role with a bit more consistency.  If that happens, a $2.75MM price tag could turn into a team-friendly deal fairly quickly.

The contract buys out the remaining two years of RFA eligibility as well as Foegele’s first season of UFA eligibility.  He was eligible to file for arbitration tomorrow but that won’t be needed now.  Meanwhile, Edmonton is down to just one regular player as an RFA in winger Kailer Yamamoto who is not arbitration-eligible.

Sportsnet’s Elliotte Friedman was the first to report that the deal was close.

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