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Oilers New Signing Ranked Among NHL’s Worst-Contracts
Perry Nelson-Imagn Images

Despite boasting a core of elite contracts that include Connor McDavid, Leon Draisaitl, and Zach Hyman, the Edmonton Oilers saw their overall contract value rankings take a hit in a recent article by The Athletic. Dom Luszczyszyn looks at every team and its contract situations each season. The Oilers ranked 8th overall, but that dropped them down the standings, largely due to the new eight-year, $3.9 million AAV deal handed to forward Trent Frederic.

In a recent analysis evaluating NHL contract efficiency, Frederic’s deal earned a D-grade — one of the lowest marks handed out — alongside the much-maligned Darnell Nurse contract. He was signed to the new deal this offseason after arriving to the Oilers via a trade at the deadline. Injured, but in the lineup for the playoffs, he wasn’t exactly the most effective forward. The Oilers believe he has a lot more to give and GM Stan Bowman bet on the forward.

Frederic’s extension, which carries a modest annual cap hit but stretches through 2033, is projected to offer just a +20.1% positive value while delivering a -$15.2 million total surplus over its duration.

Frederic’s ranking is particularly glaring when placed next to the six A-grade contracts on the Oilers’ books. No other forward has a grade lower than a C. The team also has four different A-grades, an A for Connor McDavid, and an A+ for Leon Draisaitl. Combined with team-friendly deals for stars like McDavid and Draisaitl, Edmonton remains one of the league’s most efficient teams in terms of contract value.

Will the Oilers Shed Either Of These Bad Contracts

According to this ranking, Frederic and Nurse deals are two glaring liabilities. Don’t expect the Oilers to move off either contract anytime soon.

Bowman said of the Frederic deal:

“…he’s a very unique player with the skillset that he has. He’s a big guy, he’s a physical player, he’s not afraid. He’s got that intimidation factor where he’ll go to the other team’s bench and challenge anybody, like stop messing around with our group. That’s something that I find, you either have that or you don’t. … And he’s scored, you know, he scored what, 18 goals twice in a row at a fairly young, younger age. So I think he’s got the game in him. And I think when you add all that up, it comes down to he’s a very unique player. It’s not like if we passed on Frederic, we’ll just go get so-and-so, who’s maybe a little different, but the same type of player. Not a lot of guys like that out there. They just aren’t anymore.”

As for Nurse, there was talk that the Oilers approached him and others about their no-move clauses and Nurse declined to waive his. The hope is that he elevates his game and with the rising salary cap, his deal doesn’t look like such an albatross.

With several key contracts set to expire soon — including McDavid’s — and questions lingering around term for others, the Oilers need to be cautious with long-term commitments. As it stands, the Frederic deal is a warning sign that not every extension is created equal, even on a Cup-contending roster.

This article first appeared on NHL Trade Talk and was syndicated with permission.

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