NHL Rumor Mill – October 3, 2023
NHL Rumor Mill – October 3, 2023
Can the Oilers afford to pull off a major early-season trade? What’s the latest on Avalanche defenseman Devon Toews and Bruins blueliner Matt Grzelcyk? Find out in today’s NHL Rumor Mill.
CAN THE OILERS AFFORD TO MAKE A BIG EARLY-SEASON DEAL?
THE ATHLETIC: Allan Mitchell looked at what an early-season blockbuster trade by the Edmonton Oilers might look like, including what assets are available and their ideal trade targets.
SPECTOR’S NOTE: This is behind a paywall so I won’t give out much of the details. Those of you with an account with The Athletic can read it and form your own opinions. To be clear, Mitchell isn’t saying the Oilers are planning a major trade early in this season. He’s merely looking at several possible trade options (among them: Winnipeg Jets goalie Connor Hellebuyck) and how much it would cost the Oilers to pull it off.

Edmonton Oilers general manager Ken Holland (NHL Images)
What I will say is I don’t believe the Oilers have the pieces to pull off a major early-season move to address their remaining roster weaknesses. Some of the potential trade assets (their 2024 first-round pick, winger Dylan Holloway and defenseman Philip Broberg) on their own won’t fetch a big return at this stage of the season. Even packaging two or three of them might not be enough to land a consequential star.
Like many teams this season, the Oilers are also maxed out on the salary cap. They currently can’t even accrue any cap space for the March 9 trade deadline. Any deal would have to be dollar-for-dollar unless general manager Ken Holland can bring in a third team to broker a deal and spread the cap dollars around.
Holland will instead likely spend the first half of this season assessing his club’s first-half performance in anticipation of addressing any issues near the trade deadline. That’s when we’ll know which players could be available and the possible cost of acquiring them. By that point, we’ll know if the Oilers even need to make a major move and if they have what it takes to make it happen.
WILL THE AVALANCHE BALK AT A LONG-TERM EXTENSION FOR DEVON TOEWS?
SPORTSNET: In last Friday’s episode of the “32 Thoughts” podcast, Elliotte Friedman said that Devon Toews’ age could be a problem for the Colorado Avalanche in their contract extension talks. The 29-year-old defenseman turns 30 in February and Friedman indicated that the thought around the league is the Avs might be reluctant to sign him to a long-term deal beyond five years.
SPECTOR’S NOTE: I must point out that Friedman said this isn’t coming from anyone in Avs management or from the Toews camp. It’s merely speculation at this point.
Even if Toews is willing to accept, say, a three or four-year contract, the average annual value could also be an issue for the Avalanche. Cap Friendly shows them with $10.725 million in cap space for 2024-25 with 13 players under contract. That’s assuming the cap rises to $87.5 million next season.
Toews’ current average annual value is $4.1 million but he’s clearly worth more than that now as Cale Makar’s defense partner. Assuming they can re-sign him for around $7 million annually, they still won’t have much room to fill out the rest of the roster unless team captain Gabriel Landeskog (knee injury) ends up on permanent long-term injury reserve. While that would give the Avs $7 million in additional room for Toews, it would still complicate efforts to re-sign or replace their other UFAs.
LATEST ON GRZELCYK
BOSTON HOCKEY NOW: Jimmy Murphy recently reported a Northeast-based NHL pro scout told him that there are teams interested in Bruins defenseman Matt Grzelcyk. The source suggested they contact the Chicago Blackhawks to gauge their interest as the 29-year-old Grzelcyk is better than any of their current left-shot defensemen. They also have the cap space to acquire him.
SPECTOR’S NOTE: This was based on whether the Bruins might have to shed a player if a promising youngster such as defenseman Mason Lohrei or forward Matthew Poitras cracks the roster this season. There’s no indication yet that they’re going to start the season with the Bruins let alone if management would trade someone like Grzelcyk to make room for them.




