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Free Agent Focus: Edmonton Oilers

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With free agency now just a few days away, teams are preparing for a frenzy of action. There will be several prominent players set to hit the open market while many teams have key restricted free agents to re-sign. Another disappointing exit awaited the Edmonton Oilers when the NHL came back this summer, making it another busy offseason for their front office as they try to capitalize on their superstar duo.

Key Restricted Free Agents

D Ethan Bear – If you weren’t watching closely you might have missed the fact that another rookie defenseman was logging huge minutes in the Pacific Division. Bear, a fifth-round pick in 2015, ended up averaging just under 22 minutes a night in his 71 games for the Oilers this season, coming in only behind Darnell Nurse in terms of even-strength ice time. That was good enough to earn Bear some votes for the Calder Trophy and perhaps an even bigger role next season. Now 23, Bear is still not arbitration-eligible but could be critically important to the Oilers, especially if Oscar Klefbom’s injury keeps him out long-term.

F Andreas Athanasiou – The Oilers used two second-round picks to acquire Athanasiou at the deadline this year, but may end up being forced to leave him unqualified this offseason. A qualifying offer for the 26-year-old forward would cost the team a minimum of $3MM for next season and potentially even more through arbitration. That blazing speed didn’t end up working as well as hoped in Edmonton, with Athanasiou scoring just a single goal in his 13 games for the team. Just a year removed from his breakout 30-goal campaign though, he’s one of the toughest decisions that GM Ken Holland (who happened to draft Athanasiou in Detroit) will have to make in the coming days.

Other RFAs: D Matt Benning, F Cameron Hebig, F Ryan Kuffner, F Nolan Vesey, D Logan Day, D Ryan Mantha, D William Lagesson, G Angus Redmond

Key Unrestricted Free Agents

G Mike Smith – Like so many other teams, the Oilers are on the lookout for an improvement in net this offseason and could be ready to move on from the veteran goaltender. Smith is now up to 610 games played in his 14-year career, good enough for 47th all-time among netminders. The puck-handling wild child recorded a .902 save percentage in the regular season, the second straight year he has been ineffective. With so many other goalies available, it’s hard to find a market for a 38-year-old Smith, even if he has been a consistent presence in the league since 2007.

F Tyler Ennis – While Athanasiou cost two seconds and never seemed to click in Edmonton, Ennis cost just a fifth and fit in right away. That seems to be the story with the undersized forward in recent years as he bounces around the league taking bargain-basement deals but performing whenever given the chance. 12 goals in 51 games for the Toronto Maple Leafs in 2018-19 playing fourth-line minutes and another 16 in 2019-20 splitting the year between Ottawa and Edmonton, all for the combined two-year total of $1.45MM in salary. If Ennis is still looking at a limited market, why not bring him back on another short-term deal?

Other UFAs: F Riley Sheahan, F Brad Malone, F Josh Currie, F Tomas Jurco, D Keegan Lowe, D Brandon Manning, G Shane Starrett

Projected Cap Space

Here’s the problem for the Oilers. The team has just $8.77MM in cap space for next season and still need to upgrade the roster. Spending a good chunk of that on Athanasiou’s qualifying offer or a long-term Bear extension would seem foolish, unless they can make room elsewhere by moving bad money out. If Klefbom does need surgery and can be put on long-term injured reserve it would provide some extra flexibility, but right now Holland’s hands are tied pretty tightly.

Photos courtesy of USA Today Sports Images

Adam Cracknell Loaned To Esbjerg Energy

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The Edmonton Oilers signed Adam Cracknell this summer to bring him back from overseas, but they’ll let him stick around in Europe for a little while longer. The veteran forward has been loaned to Esbjerg Energy of Denmark’s Metal Ligaen for the beginning of the 2020-21 season.

Cracknell, 35, spent the 2019-20 season playing for Kunlun Red Star in the KHL, scoring 24 points in 52 games. He signed a one-year, two-way deal with the Oilers last month, re-joining one of the many NHL organizations he has suited up for in the past. Cracknell has played for the Oilers, St. Louis Blues, Columbus Blue Jackets, Vancouver Canucks, Dallas Stars, New York Rangers and Anaheim Ducks over a 210-game NHL career, spending the rest of his time in the minor leagues starring with the various AHL affiliates.

The Oilers have sent a number of prospects overseas to continue their development, but are also loaning out more veteran players that have experience in other leagues. Perhaps they believe that time on the ice in professional situations will bring them even more ready to compete when the NHL season finally gets underway.

Oilers Notes: Ekman-Larsson, Nugent-Hopkins, Wings

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Update 1:40pm: Darren Dreger of TSN reports that the Oilers are not on the shortlist of teams that Ekman-Larsson would waive his no-movement clause to go to.

The Edmonton Oilers are a team to watch in the coming days and Frank Seravalli of TSN has some inside information on their plans as we head into the first part of the NHL offseason. On his latest Trade Bait board, Seravalli lists Arizona Coyotes captain Oliver Ekman-Larsson first and explains that the Oilers have had “preliminary discussions” on the star defenseman. Edmonton would need Arizona to retain some of Ekman-Larsson’s salary, while Seravalli suggests that top prospect Evan Bouchard and a first-round selection could be involved in any deal.

Now 29, Ekman-Larsson is under contract through the 2026-27 season and carries a cap hit of $8.25MM. He also holds a full no-movement clause but has been in the rumor mill for weeks now as the Coyotes are expected to have to cut payroll. Though some of the shine has come off his game over the last few years, Ekman-Larsson is still one of the most effective goal-scoring defensemen in the league, with 125 over his career and double-digit totals in seven of his ten partial seasons.

  • Speaking of goal-scoring, the Oilers are also making progress on a long-term contract extension for Ryan Nugent-Hopkins according to Seravalli. The 2011 first-overall pick is scheduled to become an unrestricted free agent following the upcoming season and currently carries a $6MM cap hit. Though he has settled into more of a support role behind Connor McDavid and Leon Draisaitl in Edmonton, Nugent-Hopkins is coming off his most effective season to date with 61 points in 65 games and is only 27. Just to set the Twitter machine alight, Seravalli also suggests that if a deal can’t be done with Nugent-Hopkins, the Oilers might look at bringing back Taylor Hall.
  • Yesterday’s news of a repairing relationship between the Oilers and Jesse Puljujarvi puts the team into a bit of a bind on the right side, with too many right-wing options to fit into the lineup. Seravalli reports that the team has tried to make some wing swaps to balance out their lineup, including a potential Alex Chiasson-for-Anders Bjork deal. With so many balls up in the air at the moment, there’s no telling what will happen in Edmonton, but it will be a busy week to be sure.

Edmonton Oilers, Jesse Puljujarvi Nearing New Contract

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The Edmonton Oilers are looking for some affordable forward help this off-season and they may just get some assistance in that area from one of their own. The Jesse Puljujarvi saga could be coming to an end soon, as TSN’s Frank Seravalli reports that the team and player are making progress on a new deal. Should they reach an agreement, Puljujarvi is expected to sign a one-year deal worth $1.2-1.5MM.

Puljujarvi initially left the Oilers back in August 2019 when the restricted free agent could not come to terms on a contract extension with Edmonton. The disgruntled young forward was unhappy with his role on the team, while the Oilers were not content with the production from the 2016 No. 3 overall pick. It seems the two sides are still working out what exactly that “fit” will be for Puljujarvi, but both sides are ready for a second chance.

If anything, Puljujarvi may have helped himself in the eyes of the Oilers this season. Playing for Karpat in the Finnish Liga, the big winger was one of the league’s very best. He recorded 24 goals and 53 points in 56 games and looked like a player ready to make an impact in the NHL. Edmonton hopes that is true, as the cap-strapped club would love to see Puljujarvi put up big points on a minimal contract, especially if he finds chemistry with stars Connor McDavid and Leon Draisaitl.

Oscar Klefbom, Tyler Seguin May Need Surgery

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The Edmonton Oilers were one of the more disappointing return to play stories, ousted by the Chicago Blackhawks in four games despite having the Hart, Lindsay and Art Ross winner and Connor McDavid on the roster. Oscar Klefbom led all Oilers defensemen in minutes during that four-game stretch but may not see the ice again for some time.

Elliotte Friedman of Sportsnet reports that Klefbom is “weighing options” regarding injuries he suffered this season and could be out long-term if he chooses surgery. Those decisions are likely complicated by the fact that no one knows for certain when the next NHL season will begin, but as Friedman points out Klefbom’s absence from the Oilers lineup “would need to be addressed.” The 27-year-old is one of Edmonton’s best defensemen and is under contract for three more years at a $4.17MM cap hit.

If you watched Tyler Seguin in the Stanley Cup playoffs it seemed obvious that he was struggling with an injury of some sort, but teams were not revealing any of those specifics while the series was still on the line. It turns out, it wasn’t just one injury. David Pagnotta of the Fourth Period tweets that Seguin was dealing with wrist, hip, groin, and knee injuries in the playoffs. Those ailments will be evaluated this week to see if surgery is necessary. Seguin had just two goals in 26  postseason games and both came in the second round against the Colorado Avalanche. Despite his lack of scoring, he still averaged more than 22 minutes of ice time during the finals.

Seguin still did manage to supply five assists during the six-game series, but it’s a disappointing finish for a player who carries a $9.85MM cap hit and is expected to lead the offense in Dallas. Because of salaries like his, the Stars head into next season without a ton of cap room to maneuver. Radek Faksa, Roope Hintz and Denis Gurianov are all restricted free agents that need new contracts and Anton Khudobin has likely priced himself out of a return with a strong postseason.

Today, Friedman wrote that the Stars “will try to move one big salary” though doesn’t clarify which one and only says that trade protection is an issue. That doesn’t clear it up much, as Seguin, Jamie Benn, Joe Pavelski, Alexander Radulov, and Ben Bishop—the team’s biggest cap hits save Esa Lindell—all have trade protection of some sort.

Trade Rumors: Ekman-Larsson, Mrazek, Virtanen, Tampa Bay

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Name a top trade target or impending free agent and they seem to be linked to the Edmonton Oilers. While the team clearly needs to help superstars Connor McDavid and Leon Draisaitl, they have cap constraints because of those players as well and holes to fill all over the roster. The team must be confident that they can perform some cap magic, as they have their sights set on making a big splash this off-season. TSN’s Darren Dreger backed up previous rumors today that the Oilers have been talking to the Arizona Coyotes about elite defenseman Oliver Ekman-Larsson. In fact, Dreger notes that discussions have been preliminary, but the interest is serious. It’s a complex situation given the cap situations in both Edmonton and Arizona, but the teams appear to be working through their options when it comes to moving Ekman-Larsson, a proven top-pair commodity. Of course, it’s worth noting that Ekman-Larsson has a full No-Movement Clause and could nix a deal to Edmonton if he chooses. Dreger adds that the Boston Bruins also remain interested; Ekman-Larsson may very well prefer landing alongside Charlie McAvoy on the top pair of a perennial contender.

  • The Oilers are also known to be eyeing an addition in goal and have kicked the tires on a number of netminders on the trade block. TSN’s Pierre LeBrun reports that the latest name on that list is the Carolina Hurricanes’ Petr Mrazek. LeBrun believes that Mrazek could be more of a fallback option if Edmonton cannot add Pittsburgh’s Matt Murray or Arizona’s Darcy Kuemper or can’t woo Jacob Markstrom in free agency. Of course, if Mrazek is even available for trade, it may mean that Carolina has already landed one of those three Oilers targets for themselves. Mrazek had a fine season for the ’Canes, but the team is looking to upgrade at starter. Unfortunately for Edmonton, Carolina’s castoff would still be an upgrade for them.
  • From GM Jim Benning’s comments since his Vancouver Canucks were eliminated from the postseason, it should come as no surprise that he is listening to offers for restricted free agent forward Jake Virtanen, according to Dreger. Virtanen has failed to live up to the expectations of being the 2014 sixth overall pick, but is still due a significant upgrade over his expiring $1.25MM AAV. The cap-strapped Canucks have greater needs than Virtanen’s third-line scoring totals and may be able to put his cap space to greater use via trade. Dreger reports that there is plenty of interest in the 24-year-old power forward, who could still grow into the dangerous scorer that he was in junior.
  • The Tampa Bay Lightning are less than a day removed from taking home the 2020 Stanley Cup title, but GM Julien BriseBois is already back at work. LeBrun speculates that Tampa must clear at least $10MM in cap space in order to re-sign RFA’s Anthony Cirelli, Mikhail Sergachev, and Erik Cernak and to rebuild a defense with numerous pending UFA’s. As such,  BriseBois can’t afford to waste any time with free agency approaching. LeBrun notes that the two most talked-about names on the Lightning roster right now are forwards Tyler Johnson and Yanni Gourde. However, he notes that both players have full No-Trade Clauses and would have to accept any trade. As a result, LeBrun believes there is a growing suspicion that the Bolts may trade a player or two that no one is suspecting in order to clear cap space. That could mean one of the RFA’s themselves is dealt, or perhaps it could be a player lacking trade protection, such as Brayden Point or Andrei Vasilevskiy. One way or another, the Cup-winning roster will look very different next season.

Overseas Notes: Lagesson, Sproul, Martinsen, Koppanen

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Edmonton restricted free agent defenseman William Lagesson has signed a contract, but not with the Oilers. Lagesson has inked a one-year contract with HC Vita Hasten of the Allsvenskan, the Swedish second tier league. The team announced the contract and emphasized that the deal covered the entire 2020-21 season, but don’t expect the promising young defender to follow through on that commitment. PuckPedia reports that the contract contains an NHL Out Clause, allowing Lagesson to leave Vita Hasten once the NHL season begins, assuming he has a contract. By all accounts, the Oilers are planning to re-sign the 24-year-old RFA, who played in eight games in Edmonton last season. A standout in the Swedish junior ranks and at the University of Massachusetts, Lagesson doesn’t project as a top-four defenseman for the Oilers, but is a valuable, two-way depth option. Expect Lagesson’s contract with Vita Hasten to essentially act as a loan, with the defenseman in Edmonton camp as soon as it opens.

  • Long-time Detroit Red Wings prospect Ryan Sproul left North America last off-season to sign with the KHL’s Chinese contingent, the Kunlun Red Star. The puck-moving defenseman had a strong season and was seeking a contract back home this summer, but has now opted to return to Kunlun. The Red Star announced a new one-year deal with Sproul, retaining yet another of their numerous former NHLers. Playing on a roster that is chock full of fellow North Americans, Sproul will continue to play a familiar style alongside his peers, all in the hopes that another good year can earn him more attention among NHL clubs the next time around.
  • Former NHL grinder Andreas Martinsen is headed home. The big forward has signed a one-year deal back in his native Norway with Lillehammer, the team with which he has played the most games in his pro career. Lillehammer was excited to announce the homecoming of the iconic Norweigian forward, who is one of just five from his country to play in 100+ NHL games. Martinsen, who last played in the NHL in 2018-19, spent the first half of this past season in the AHL before departing for the Swiss NLA. At 30, it is unclear if Martinsen’s return to Norway could mark a retirement phase of his career or if he is simply most comfortable back home given the many repercussions of the ongoing Coronavirus pandemic.
  • The Boston Bruins have loaned prospect forward Joona Koppanen to KOOVEE of the Finnish minor league Metsis, the team announced. As the press release details, Koppanen’s opportunity has been limited in North America, which begs the question whether this loan could extend beyond NHL training camp unlike most others. Koppanen, a 6’5″, 200-lb. forward who plays center and wing, showed improvement in his second full season in North America in 2019-20, recording 18 points in 43 games with AHL Providence. Yet, he was not a full-time player and saw time in the ECHL for the second straight season. With the 2016 fifth-rounder’s entry-level contract expiring after the coming season, the Bruins may prefer to see how Koppanen performs as a top-line forward in the Metsis rather than a part-time bottom-six forward in the AHL.

Patrick Russell Loaned To Rungsted Seier Capital

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The Edmonton Oilers have loaned several prospects overseas, but they won’t stop there. Now Patrick Russell has also been sent to Europe, loaned to Rungsted Seier Capital in Denmark’s professional league. Russell, one of the few Danish players in the NHL, hasn’t played for a club team in his home country since 2009.

The 27-year-old forward was re-signed to a new one-year $700K contract just last month, but will spend at least the first few months of it playing for a different club. Russell will be expected to return to North America in time for NHL training camps, though it is not clear exactly when those will be held at this point.

Though he has failed to score a single goal in 51 NHL matches, Russell still represents a depth option for the Oilers to plug in at the bottom of their lineup next season. His contract carries just a $700K cap hit, but he has shown an ability to score goals at both the NCAA and minor league levels. If that ability surfaces at the NHL level, he’d be quite the bargain in 2020-21.

Midseason Extension Price For Riley Sheahan Was Around $2MM

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  • Oilers center Riley Sheahan was believed to be seeking $2MM per year to sign an extension midseason, relays Postmedia’s David Staples. The veteran had to wait until early September to sign a one-year, $900K deal for this past season and while he took a lot of faceoffs, he only managed to pick up eight goals and seven assists in 66 games.  Between that and the flattened cap environment, Sheahan’s next contract may wind up being closer to what he made in 2019-20 compared to that previous asking price.

Raphael Lavoie Headed To Sweden

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Sep 22: Lavoie ended up leaving Rogle before playing a single game, but will still be heading to Sweden for the 2020-21 season. The Oilers have announced that the young forward has now been loaned to Vasby IK in the Swedish second league. Like before, the release indicates that Lavoie is going for the whole season, though obviously, that could still change depending on the situation.

Aug 20: The Edmonton Oilers continue to be flexible with their prospects, sending them overseas amid the uncertainty surrounding an AHL season. The minor leagues are still hoping to have full seasons, but since nothing is set in stone at this point, organizations are finding playing time for their youngsters all over the world. According to Dave Ainsley of Le Quotidien and a report out of Sweden, Oilers prospect Raphael Lavoie will play the 2020-21 season with Rogle of the SHL.

Interestingly, Lavoie is expected to play the entire season instead of returning for NHL training camp and an AHL campaign like so many other prospects. The second-round pick from 2019 spent last season in the QMJHL, split between the Halifax Mooseheads and Chicoutimi Sagueneens scoring 38 goals and 82 points in just 55 games. He also was a member of the gold medal-winning Canadian World Junior club, though he failed to score a goal in the tournament.

Lavoie only signed his entry-level contract a few months ago, officially joining the Oilers organization. Interestingly though, that means his contract will actually not slide forward like many of the 2019 draft picks even if he spends the year outside of the NHL. Since he’ll turn 20 in late-September, 2020-21 will be the first year of his deal even if it’s spent on loan in the SHL.

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