Insider reveals Oilers planning to spend $40M on only three players

Liam McCormick
June 15, 2024  (11:24)

Connor McDavid and Leon Draisaitl
Photo credit: Daily Faceoff

The Edmonton Oilers will soon have to make contract offers to their superstar core of players, and Frank Seravalli is reporting the Oilers are allowing $40M to three players.

Next season will be the final year of Draisaitl's contract, and the year after Connor McDavid and Evan Bouchard need to be signed. Seravalli believes all players want to stay in Edmonton, and the Oilers are expecting to sign all three to a total of $40M. McDavid will get near $16M, Draisaitl will get $14M, and Bouchard will get $10M all on long term contracts.
SERAVALLI: My point is, two years from now when the Oilers take the ice, those same three guys are gonna add up to $40M.

STAUFFER: 16, 14 and 10?

SERAVALLI: Yep. That's my projection.

By the time all these contracts are expected to kick in, the Salary Cap will have grown to over $92M, much higher from its current limit of $83.5M. Still, spending 43% of the entire salary cap on only three players inevitably makes it harder to fill out other holes in the lineup. While the Oilers still have other problem contracts like Darnell Nurse and Jack Campbell, accommodating these massive salaries will become difficult. Considering Nurse alone, the Oilers will be at $50M for only 4 players.
The Oilers had lucked out for years having Leon Draisaitl signed to the best value deal in the NHL, and even Connor McDavid at a number lower than what he's truly worth. But now having to pay these players their value in free agency, the Oilers will need to be very prudent about their spending around the core.
Alternatively, there's been the debate amongst the NHL that it's impossible to win with so much salary tied to a small portion of the roster. The Toronto Maple Leafs are flailing and directionless right now after repeated playoff failure with locked-up core.
Regardless, as long as Connor McDavid and Leon Draisaitl are on the Oilers, they'll always have the talent to be able to go on multiple more Stanley Cup runs. If things end badly this season, they may even be more motivated to return and finish the job. Hopefully with their higher salaries in the future, the Oilers management can still ice a complete team.
Source: Oilers Now with Bob Stauffer
Stauffer and Seravalli talk about Oilers future
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Insider reveals Oilers planning to spend $40M on only three players

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