Breaking down the Oilers' path to cap compliancy

If their cap struggles weren’t already bad enough this summer, the Edmonton Oilers were struck a significant blow last week when the St. Louis Blues signed defenseman Philip Broberg to a two-year, $9.16M offer sheet and forward Dylan Holloway to a two-year, $4.58M offer sheet. Oilers’ general manager Stan Bowman has until Tuesday to match both or either respective offer but could allow both to walk and receive draft compensation in return.

PuckPedia gave a solid breakdown of how Edmonton could find its way back to salary cap compliance after the separate trades that brought Vasily Podkolzin to Alberta and sent Cody Ceci to the San Jose Sharks. The salary cap website asserts that if the Oilers place Evander Kane on long-term injured reserve to start the year, send down Troy Stecherand Derek Ryan, and call up prospect Matt Savoie to the NHL, they will be compliant to start the 2024-25 NHL season if they choose to match both offer sheets.

All things considered — this is a decent scenario for Edmonton. Savoie gives the team a low-cost option to plug into the top six and allows the team some flexibility with newcomers Jeff Skinner and Viktor Arvidsson on the wing. By moving either Skinner or Arvidsson down to the third line, Holloway could play the wing on the team’s fourth line while moving Mattias Janmark to fourth-line center in this scenario.

The team would still have seven available defensemen to choose from to start the year and Stecher likely would have been light on playing time regardless. Josh Brown and Ty Emberson could split time based on matchups leaving Edmonton’s only glaring hole at the fourth-line center position.

Edmonton is not necessarily out of the woods just yet as it’s uncertain when Kane will ultimately return from his offseason surgery. It’s expected he will be placed on LTIR to begin the season which will keep him out of the lineup for the first 10 games and 24 days of the 2024-25 NHL season. Once the season begins, however, the Oilers will again be in a situation where tough decisions must be made. The Oilers could still allow both players to walk giving them just over $6M to start the year after placing Kane on LTIR.

It will be interesting to see how aggressive GM Bowman is in bringing back two pieces that haven’t had much opportunity with the organization up to this point. All in all, even with clearing Ceci’s salary and having a clear pathway toward cap compliance to start the year —  it will take some time for Edmonton to exit this precarious scenario.