In a significant shift during this offseason, the Edmonton Oilers have bolstered their roster by signing experienced forward Jeff Skinner to a one-year contract valued at $3 million. Skinner, known for his scoring prowess, arrives in Edmonton following his recent buyout by the Buffalo Sabres.
This move comes as the Oilers look to build on their near-miss last season when they came tantalizingly close to clinching the Stanley Cup, falling just one win short.
A Fresh Start for Skinner
Skinner's career has been a roller-coaster in recent years. His previous contract with the Sabres was a lucrative eight-year deal worth $9 million annually. Skinner debuted impressively under this contract, netting 40 goals in his first season. However, his performance dipped between 2019 and 2021, during which he scored a total of 21 goals and 35 points over 112 games.
Yet, Skinner rebounded spectacularly in the 2021-22 season, amassing 30 goals and 63 points. He continued to find his form in the subsequent season, registering 35 goals and achieving a career-high 82 points. Most recently, he recorded 24 goals and 46 points, demonstrating his consistent ability to contribute offensively.
Oilers Maneuvering Cap Space
To accommodate Skinner's signing, the Oilers made significant adjustments to their roster and salary cap. One of the notable moves was the buyout of goaltender Jack Campbell's contract, which was costing the team $5 million annually. This strategic decision provided the financial flexibility needed to secure Skinner while aligning with the team's overall cap strategy.
Offseason Roster Moves
The Oilers weren't done with their offseason business after securing Skinner. They re-signed forwards Connor Brown and Corey Perry to one-year deals worth a combined $2.15 million. Additionally, they locked in Viktor Arvidsson on a two-year deal valued at $4 million annually, further strengthening their offensive depth.
On the defensive end, the Oilers added Josh Brown to their lineup with a three-year contract worth $1 million annually. However, not all moves were about additions. Warren Foegele signed a three-year contract with the Los Angeles Kings, marking his departure from Edmonton.
Cap Space Challenges
Despite these strategic signings, the Oilers are entering the new season with less than $1.35 million in cap space, highlighting the tight financial rope they walk as they aim to maintain a competitive roster. The team still has restricted free agents Philip Broberg and Dylan Holloway without new contracts, presenting an additional challenge as the season approaches.
Aiming for Glory
With the last Stanley Cup victory in 1990, the Oilers are eager to end their championship drought. The signing of Skinner and other key players indicates a strong commitment to pursuing the Cup this season, banking on the experience and skills that their new and returning players bring to the ice.
As the Oilers prepare for the upcoming season, fans are watching closely, hopeful that these strategic moves will finally bring the coveted Stanley Cup back to Edmonton. With a seasoned scorer like Jeff Skinner in the mix, the Oilers' prospects are looking brighter than ever.