Oilers Acquire Tristan Jarry, Spencer Stastney

9:45 a.m.: All three teams have confirmed the trades. The Penguins confirmed that the draft pick acquired from the Oilers will be Edmonton’s 2029 second-round pick. No salary was retained in either deal.

9:02 a.m.: The Edmonton Oilers are reportedly close to making a pair of significant trades today. According to Sportsnet’s Elliotte Friedman, the Oilers are working to acquire netminder Tristan Jarry from the Pittsburgh Penguins and defenseman Spencer Stastney from the Nashville Predators. Shortly thereafter, TSN’s Pierre LeBrun confirmed that Jarry is heading to Edmonton.

As trade details continue to trickle in, LeBrun reported that Stastney will cost Edmonton their 2027 third-round pick. Meanwhile, insider Frank Seravalli suggests that Stuart Skinner and another player are a part of the package going to Pittsburgh for Jarry. ESPN’s Kevin Weekes added that defenseman Brett Kulak and a draft pick are also going to Pittsburgh, while former first-round pick Samuel Poulin is headed to Alberta.

Edmonton’s interest in Jarry has been well-known for the last few weeks. A day before American Thanksgiving, Weekes reported that Jarry had been generating trade interest from around the league and that the Oilers were far and away the most interested — for good reason. Given the tight salary cap situation for the Oilers, it’s likely that trade conversations between Edmonton and Pittsburgh have been going on for the last several weeks.

After playing relatively well for the Oilers throughout their first run to the Stanley Cup Final in 2024, Edmonton returned to the Cup Final last season despite Skinner’s performance. He didn’t play in all the potential games throughout last year’s push, but he finished with a .889 SV% in 15 contests, including a more than disappointing .861 SV% in five games against the Florida Panthers.

The situation has worsened this season, and obviously reached a boiling point for the Oilers’ front office. Through Edmonton’s first 33 games, the duo of Skinner and Calvin Pickard has combined for a .879 SV%. There was no help available via recall either, as third-string netminder Connor Ingram owns a .868 mark with the AHL’s Bakersfield Condors.

If Jarry continues his current resurgence, the Oilers should have some newfound stability in the crease. In 13 starts this season, Jarry has a 9-3-1 record with a .909 SV% and 2.66 GAA. According to MoneyPuck, for netminders that have played in 10 or more games, Jarry is ranked 22nd in the league for Goals Saved Above Expected this season. He’s by no means the best netminder in the league this season, though he’s performing much better than Skinner and Pickard, who are ranked 32nd and 52nd, respectively.

Still, Jarry has been volatile in his own right. Last season, in what was the worst performance of his professional career, Jarry finished with a .892 SV% and 3.12 GAA, ranking 33rd in GSAx. If he reverts to that form as he finishes out the remaining three years of his five-year, $28.66MM contract, the Oilers will be in a world of trouble.

At any rate, while they acquired a pair of pending unrestricted free agents in Skinner and Kulak, it’s nothing but a win for the Penguins to receive a second-round pick for Jarry’s services. One year ago, Pittsburgh placed Jarry on the waiver wire, meaning the Oilers could have had him for free had they been able to make the money work. The fact that the Penguins were able to get actual assets for Jarry a year later is a testament to their patience.