Edmonton Oilers Sign Leon Draisaitl To An Eight-Year Contract Extension

by | Sep 3, 2024

Edmonton Oilers Sign Leon Draisaitl To An Eight-Year Contract Extension

The Edmonton Oilers signed Leon Draisaitl today to an eight-year, $112-million contract extension with an average annual value of $14 million.

Draisaitl, 28, is entering the final season of his current eight-year contract with an AAV of $8.5 million, considered one of the best bargain deals in the league given his accomplishments over that period.

Edmonton Oilers forward Leon Draisaitl (NHL Images).

Since Draisaitl’s superstar breakout season in 2018-19, he sits second to teammate Connor McDavid in total points (643), second to Toronto Maple Leafs center Auston Matthews in goals (272) and is tied with New York Rangers winger Artemi Panarin with 371 total assists.

Drasaitl won the Hart Memorial Trophy, the Art Ross Trophy, and the Ted Lindsay Award in 2019-20. He and McDavid give the Oilers a lethal one-two scoring punch, turning them into Stanley Cup contenders entering 2024-25.

Draisaitl’s new contract will make him the NHL highest-paid player when it goes into effect on July 1, 2025, eclipsing Matthews’ $13.25 million.

SPECTOR’S NOTE: Everyone knew Draisaitl would seek top dollar on his next deal and everyone knew the Oilers would pay to keep him in Edmonton.

Some observers expected Draisaitl would seek more, perhaps between $15 million and $16 million annually. The $14 million AAV is approximately where most experts believed it would be.

Draisaitl has earned that hefty salary, though his new deal will grow more burdensome for the Oilers over the final four years when he’ll be in his mid-to-late 30s when a player’s skills inevitably deteriorate. The Oilers’ front office believes it’s worth it to re-sign their second-best player, especially when they’re in “win-now” mode and he’s still in his playing prime.

This signing should also be an encouraging sign for McDavid. He’s eligible for UFA status in July 2026. Seeing the Oilers open the vault for Draisaitl sends the message that they’re willing to invest in their top players. It’s also a sign that they’re serious about pursuing the Stanley Cup.

It should dispel any concerns from Oilers fans that McDavid will depart in 2026. Keeping Draisaitl in the fold will encourage their captain to stay in Edmonton.










NHL Rumor Mill – September 3, 2024

by | Sep 3, 2024

NHL Rumor Mill – September 3, 2024

​Could the Oilers attempt to get Leon Draisaitl and Connor McDavid to accept deferred payments on their next contracts? Could that also be an option for the Devils and Dawson Mercer? Would it make sense for the Flyers to pursue Nicholas Robertson? Find out in today’s NHL Rumor Mill.

THE HOCKEY NEWS: Jim Parsons wondered if the Edmonton Oilers will follow the Carolina Hurricanes’ lead and attempt to use deferred payments with Leon Draisaitl and Connor McDavid to lower their cap hits.

The Hurricanes recently signed forward Seth Jarvis to an eight-year, $63.2 million contract in which Jarvis will defer part of his annual salary to the end of the contract. Instead of an annual cap hit of $7.9 million, it’ll be $7.42 million.

Edmonton Oilers forward Leon Draisaitl (NHL Images).

Draisaitl is slated to become an unrestricted free agent next July and could receive an eight-year contract with an average annual value (AAV) of $14 million from the Oilers. McDavid is eligible for UFA status in July 2026. 

Parsons believes the Oilers could free up considerable cap space if both players agree to defer part of their salaries. He cited a hypothetical scenario by Daily Faceoff’s Frank Seravalli in which Draisaitl agreed to defer $33.6 million of his contract to be paid out over 40 years following the completion of the deal.

Draisaitl would receive $80 million over the eight years of his contract in that scenario, lowering the AAV to $10 million. If McDavid’s deal was similarly structured, it could mean almost a combined $10 million annually not counting against the Oilers cap.

SPECTOR’S NOTE: The deferred payment option has been part of the NHL CBA since 2005 but it’s rarely used because players prefer getting paid as much salary upfront as possible. Nevertheless, the Jarvis contract could result in more teams attempting to sign expensive talent to similar deals.

Deferred payments could help the Oilers lower the AAV on new contracts for Draisaitl and McDavid. That would make it possible for the club to put the cap savings toward maintaining a Stanley Cup contender by improving the roster depth.

Selling it that way to both players could be a convincing strategy. However, Seravalli also indicated that it’s uncertain how much of a salary-cap discount the league will allow before this blurs the line of salary-cap circumvention. A 40-year deferral could test those boundaries.

NEW JERSEY HOCKEY NOW: James Nichols also wondered if the Devils might attempt to go the same route in their negotiations with restricted free-agent winger Dawson Mercer.

The Devils have just over $4.9 million in cap space for 2024-25. That’s enough to sign the 22-year-old Mercer to a short-term deal worth less than 4 million annually but not enough to lock him up to a long-term contract unless he agrees to defer salary.

SPECTOR’S NOTE: Contract talks between Mercer and the Devils probably advanced too far to toss deferred payments into the equation. Nichols suggests it might be a better option for Luke Hughes. The 21-year-old Devils defenseman becomes an RFA next July.

PHILLY HOCKEY NOW: Jonathan Bailey believes acquiring winger Nicholas Robertson from the Toronto Maple Leafs would make sense for the Flyers.

Robertson, 22, has requested a trade from the Maple Leafs. Bailey thinks Robertson’s youth and skills could make him a good fit for the rebuilding Flyers. He was also a former teammate with Flyers Cam York and Bobby Brink on Team USA’s U20 squad.

Bailey acknowledged the Leafs’ asking price could be an obstacle along with finding a suitable role with the Flyers. However, Robertson is younger and cheaper than most of the current Flyers’ wingers and could become a top-six forward with more playing time in Philadelphia.

SPECTOR’S NOTE: Leafs general manager Brad Treliving insists he’s not trading Robertson and believes the young winger has a great opportunity to elevate his game this season in Toronto. There’s no indication that the Flyers are kicking tires on Robertson. Still, we can’t dismiss that possibility though it’s likely a remote one.










NHL Rumor Mill – September 2, 2024

by | Sep 2, 2024

NHL Rumor Mill – September 2, 2024

The latest on the remaining notable unrestricted free agents in today’s NHL Rumor Mill.

SPORTSNET: Luke Fox recently listed several noteworthy players still available in this summer’s unrestricted free-agent market.

Fox noted Tyler Johnson signed a professional tryout offer (PTO) with the Boston Bruins. He believes the versatile 32-year-old forward has a legitimate shot of adding to the Bruins’ depth at center this season.

SPECTOR’S NOTE: Much depends on the outcome of Boston’s contract negotiations with restricted free-agent goaltender Jeremy Swayman. The Bruins have just over $8.6 million in cap space but most of that will go to Swayman.

Former Nashville Predators defenseman Tyson Barrie (NHL Images)

Three teams are believed to be interested in former San Jose Sharks winger Filip Zadina. The Buffalo Sabres, Montreal Canadiens, Colorado Avalanche and Toronto Maple Leafs are said to be among them.

SPECTOR’S NOTE: Zadina could make his decision by this week. It’s believed his agent is trying to get him a PTO.

A lack of available young defensemen could make Calen Addison, 24, enticing to teams seeking a right-shot blueliner. Fox noted the Edmonton Oilers could have an opening.

SPECTOR’S NOTE: Recent speculation suggests the Oilers are considering more experienced options. Read on…

Fox speculates John Klingberg could land a PTO or short-term offer once he’s fully healthy. The 32-year-old underwent season-ending hip surgery last December.

SPECTOR’S NOTE: There’s been nothing new in the rumor mill about Klingberg. That doesn’t mean he isn’t talking to teams. We’ll find out soon enough if a team will take a chance on him.

Recent speculation suggests the Oilers could consider bringing back Tyson Barrie.

SPECTOR’S NOTE: They’ve also been linked to puck-moving blueliner Tony DeAngelo and former Oiler Justin Schultz.

Veteran left winger Max Pacioretty has been tied to the Maple Leafs, Anaheim Ducks and New York Rangers in the rumor mill.

SPECTOR’S NOTE: The Detroit Red Wings have also been mentioned as a possible destination for Pacioretty.

Wingers James van Riemsdyk and Kevin Labanc also remain available.

SPECTOR’S NOTE: No word yet on whether either forward is close to signing a PTO or a contract with an NHL club.










Sunday NHL Rumor Roundup – September 1, 2024

by | Sep 1, 2024

Sunday NHL Rumor Roundup – September 1, 2024

The Hurricanes signed Seth Jarvis on Saturday but other notable restricted free agents remain unsigned. Check out the latest in the Sunday NHL Rumor Roundup.

SPORTSNET: Luke Fox recently looked at where things stood with the top restricted free agents still looking for new contracts.

SPECTOR’S NOTE: This was published a day before the Carolina Hurricanes signed Seth Jarvis to an eight-year contract.

Boston Bruins president Cam Neely expressed confidence that his club will get a deal done with Jeremy Swayman during an Aug. 22 interview. The 25-year-old goalie said the same thing during an interview earlier in the month.

Boston Bruins goaltender Jeremy Swayman (NHL Images).

Bruins training camp opens on Sep. 18. They have $8.6 million in cap space to put toward signing Swayman.

SPECTOR’S NOTE: Reports last week claimed the two sides were still far apart. One report claimed Swayman sought $10 million annually. However, most pundits believe the Swayman camp seeks an average annual value of around $8.5 million while the Bruins are believed to be offering something “in the $6 millions”.

Fox speculated it could cost the Detroit Red Wings around $8.6 million annually to get defenseman Moritz Seider under contract. That would put the 23-year-old defenseman just under captain Dylan Larkin’s $8.7 million AAV.

As for Seider’s teammate Lucas Raymond, Fox wondered if Red Wings general manager Steve Yzerman might opt for a shorter-term contract comparable to the four-year deal averaging $7.875 million annually signed last summer by Raymond’s teammate Alex DeBrincat.

SPECTOR’S NOTE: The Red Wings have over $17.6 million in cap space so there’s plenty of room to re-sign those two. Figuring out how much and for how long remains the key issue.

Detroit Hockey Now’s Kevin Allen wondered how much of an effect Seth Jarvis’ new contract with the Carolina Hurricanes will have on Raymond’s negotiations. Both players had similar production last season, with Jarvis netting 33 goals and 67 points with the Hurricanes while Raymond had 31 goals and 71 points.

What could be interesting is whether the Wings attempt to get a lower AAV by getting Raymond and Seider to accept deferred salary as Jarvis did on his new deal. It’s probably too late in those negotiations to shift gears now.

There’s not much to report regarding the Dallas Stars contract talks with Thomas Harley. Fox wondered if Stars GM Jim Nill would attempt to get the 23-year-old defenseman to sign a bridge deal as he did with winger Jason Robertson. On Aug. 9, Nill expressed confidence in getting Harley signed soon.

Turning to center Cole Perfetti, Winnipeg Jets GM Kevin Cheveldayoff said talks were still ongoing as of Aug. 22, expressing optimism that a deal would be done sooner rather than later.

SPECTOR’S NOTE: The Hockey News’ Rob Couch examined whether it would be in the Chicago Blackhawks’ best interest to send the 22-year-old Perfetti an offer sheet.

The St. Louis Blues exploited the Edmonton Oilers’ limited salary cap space, successfully signing away defenseman Philip Broberg and winger Dylan Holloway last month. However, the Jets have over $5.7 million in cap space this season, giving them far more flexibility than the Oilers to match an offer sheet. Perfetti could also be reluctant to sign with another club.

Fox cited The Hockey News’ Kristy Flannery reporting on Aug. 19 that Pat Brisson, the agent for winger Dawson Mercer, indicated negotiations were ongoing with the New Jersey Devils.

A short-term, “prove-it” contract could be the most likely outcome for Peyton Krebs. The 23-year-old Buffalo Sabres center has struggled to establish himself as a potential top-six forward. Fox didn’t rule out a trade.

Speaking of a trade, Toronto Maple Leafs winger Nicholas Robertson still prefers a change of scenery. However, GM Brad Treliving holds the hammer and still believes the 22-year-old Robertson has a great opportunity to become a good player with the Leafs.

SPECTOR’S NOTE: Robertson could refuse to sign and report to training camp to force the Leafs into honoring his trade request. That’s unlikely to work in his favor as it’s his only leverage. It will hurt his preparation for this season and also hurt him financially.

Nashville Predators forward Philip Tomasino remains unsigned after coming off a difficult performance for him last season.

SPECTOR’S NOTE: Predlines’ Chad Minton pondered what could be behind the lack of progress in contract talks between the Predators and Tomasino and fellow RFA Jusso Parssinen. With just over $3 million in cap space, Minton speculated Predators GM Barry Trotz could be forced to choose between one of them.










NHL Morning Coffee Headlines – August 31, 2024

by | Aug 31, 2024

NHL Morning Coffee Headlines – August 31, 2024

The hockey world is in mourning over the tragic deaths of Johnny and Matthew Gaudreau. Reaction and more in today’s NHL Morning Coffee Headlines.

ESPN.COM: Details emerged on Friday regarding the deaths of Columbus Blue Jackets winger Johnny Gaudreau and his brother Matthew. Both men were struck by a vehicle while riding bicycles in their home state of New Jersey on Thursday.

The police report indicates the brothers were struck from behind by a Jeep Grand Cherokee as the driver attempted to pass an SUV on the right that had moved over to make room for the two cyclists.

Columbus Blue Jackets winger Johnny Gaudreau (NHL Images).

The driver, Sean Higgins, 43, is suspected of being under the influence of alcohol. He has been charged with two counts of death by auto, reckless driving, possession of an open container, and consuming alcohol in a motor vehicle.

The affidavit indicates Higgins failed a field sobriety test. The police investigation is ongoing.

NHL.COM: Jim Gaudreau, the uncle of Johnny and Matthew, released the following statement on Friday:

“Last night we lost two husbands, two fathers, two sons, two brothers, two sons and brothers-in-law, two nephews, two cousins, two family members, two teammates, two friends but truly two amazing humans.”

“We want to let everyone know we are receiving your messages of love and support and we appreciate your continued thoughts and prayers. We ask for your continued respect and privacy during this very difficult period of grief.

“From all our families and the bottom of our hearts (the Gaudreau, Morris, Korbitz, Venello and Joyce Families).”

The Blue Jackets and Gaudreau’s former team, the Calgary Flames, released statements Friday expressing their sorrow over the brothers’ deaths, praising Johnny’s playing career and his involvement in both communities, and expressing support for both men’s families.

SPORTSNET/THE SCORE: Tributes to the Gaudreau brothers and expressions of sympathy for their families poured in on Friday from teams and players around the NHL and the sports world.

They included Johnny’s former Calgary Flames teammates Matthew Tkachuk, Rasmus Andersson, Blake Coleman and Mikael Backlund, Pittsburgh Penguins center Kevin Hayes, former Blue Jackets general manager Jarmo Kekalainen, former Blue Jackets teammate Cam Atkinson, Detroit Red Wings captain Dylan Larkin, Washington Capitals winger TJ Oshie, NHL commissioner Gary Bettman, NHL Players Association executive director Marty Walsh, Boston College (including former coach Jerry York), the NHL Alumni Association, the IIHF, USHL and USA Hockey.

Hockey Hall of Famers Bernie Parent, Lanny McDonald and Henrik Lundqvist, former NHL executive Brian Burke, NBA superstar LeBron James, Major League Baseball (including Los Angeles Angels star Mike Trout and the Philadelphia Phillies), the Philadelphia Eagles (including quarterback Jalen Hurts), the CFL’s Calgary Stampeders were also among those who expressed their condolences, as did Prime Minister of Canada Justin Trudeau and New Jersey Governor Phil Murphy.

DAILY FACEOFF/CALGARY SUN: Fans gathered outside Nationwide Arena in Columbus on Friday to place flowers, sticks, and other items in memory of Johnny Gaudreau. The 31-year-old winger signed with the Blues Jackets as a free agent in July 2022.

Fans in Calgary did the same outside the Saddledome where Gaudreau spent nine seasons with the Flames.

THE HOCKEY NEWS: Michael Traikos remembered the 5’9”, 163-pound Gaudreau as a trailblazer for smaller players to achieve stardom in the NHL.

THE ATHLETIC: Aaron Portzline believes Gaudreau’s inspiring skill transcended his undersized stature.

TSN/SPORTSNET: Johnny is being remembered as a star who always put his family first. He signed with the Blue Jackets in 2022 to be closer to his parents and relatives.

Eric Francis called Gaudreau “a soft-spoken, gentle soul” who never rejected an autograph seeker, a media request or an opportunity to get involved in the community.

SPECTOR’S NOTE: A GoFundMe page has been set up to provide financial support for Matthew Gaudreau’s family. His wife Madeline is expecting their first child in four months. Many NHL players and their spouses, including Johnny’s Blue Jackets teammate and close friend Sean Monahan, have contributed.

There will be no NHL Rumor Mill updates today. The next update will be Sunday, September 1.










NHL Rumor Mill – August 30, 2024

by | Aug 30, 2024

NHL Rumor Mill – August 30, 2024

In today’s NHL Rumor Mill: The latest speculation about Linus Ullmark’s next contract, rumored PTO destinations for free-agent winger Filip Zadina, and several Flyers face uncertain futures.

MORE SPECULATION OVER ULLMARK’S NEXT CONTRACT

NHL insider and podcaster Shawn Simpson noted the Nashville Predators signed Juuse Saros earlier this summer to an eight-year extension with an average annual value of $7.74 million.

Ottawa Senators goaltender Linus Ullmark (NHL Images).

Simpson believes an extension for Ottawa Senators goaltender Linus Ullmark will have a similar AAV but will be six years long.

SPECTOR’S NOTE: There has been plenty of buzz recently about Ullmark’s plans with the Senators following a report that he bought a house in the Ottawa area. The 30-year-old goalie was traded to the Senators by the Boston Bruins in June.

So far, there are no recent reports from the Senators or the local media regarding a contract extension for Ullmark. We’ll likely hear more about it once training camp starts in mid-September.

WHERE WILL ZADINA LAND?

TVA SPORTS: Czech journalist Pavel Barta recently reported the Montreal Canadiens, Toronto Maple Leafs, and Colorado Avalanche were interested in signing free-agent winger Filip Zadina to a professional tryout offer (PTO).

Earlier in the week, Barta reported the 24-year-old Zadina had signed a PTO with the Buffalo Sabres. However, the winger’s agent denied this, adding that they were working on signing with another club.

It would be intriguing if the Canadiens bring in Zadina, as the club’s management at the time skipped over him to select Jesperi Kotkaniemi with the third overall pick in the 2018 draft.

Chosen sixth overall by the Detroit Red Wings, Zadina vowed to make the Canadiens pay by “filling their net”. However, he struggled to establish himself as a scoring winger with the Red Wings and San Jose Sharks.

SPECTOR’S NOTE: Zadina’s status as a top-10 draft pick who has yet to pan out as hoped makes his potential PTO situation a subject of interest in the rumor mill. The trade market has also quieted following last week’s frenzy of moves including the Canadiens acquiring Patrik Laine.

SEVERAL FLYERS FACING THEIR LAST CHANCE?

PHILLY HOCKEY NOW: Jonathan Bailey listed a handful of Flyers coming off bad seasons who could be on their last legs with the organization.

Rasmus Ristolainen has become a reliable if overpaid defense-first, bottom-three defenseman for the Flyers. He was getting mentioned as a trade candidate before suffering a triceps injury that prematurely ended his 2023-24 season. With top prospect Oliver Bonk developing rapidly, Ristolainen’s days as a Flyer seem numbered. He has three years left on his contract with an average annual value of $5.1 million.

SPECTOR’S NOTE: Ristolainen lacks no-trade protection but the Flyers might have to include a sweetener if they want to move the entirety of his cap hit.

Noah Cates also suffered an unproductive, injury-shortened campaign. The 25-year-old forward managed 18 points in 59 games last season. He’s entering the final season of a two-year contract with an AAV of $2.65 million and will be a restricted free agent with arbitration rights next July.

Time is running out for Morgan Frost to show he’s a reliable middle-six center. He struggled last season but had a solid second half to finish with 41 points. The 25-year-old carries an AAV of $2.1 million and is also slated to become an RFA with arbitration rights in July.

SPECTOR’S NOTE: Cates and Frost could have value as reclamation projects by other clubs. The Flyers won’t get much of a return for either player if they struggle again this season. If they improve, however, management could decide to keep them around.