
The Edmonton Oilers‘ decade-long search for a solution between the pipes continued on Wednesday.
As first reported by Kevin Weekes of ESPN , goaltender Frederik Andersen has agreed to terms on a one-year contract to join the Oilers.
The deal will start at $1 million with performance bonuses along the way, creating an annual average value of $2.8 million.
The #LetsGoOilers signed 36 y/o G Freddie Andersen to 1 year deal
— PuckPedia (@PuckPedia) July 2, 2026
Salary $1M
Perf Bonuses $1.8M: $600K @ 10GP, 400K @ 20GP, $200K for each playoff round won where he plays 50% of games)
Cap Hit $1M, AAV $2.8M
Rep'd by @4sportshockey https://t.co/siJfwcNTiU
Andersen, who Matt Larkin ranked as the No. 16 unrestricted free agent available in Daily Faceoff‘s top-50 rankings, is coming off a five-year tenure with the Carolina Hurricanes during which he enjoyed varying degrees of success.
The Danish Olympian posted the worst regular season of his career this year with save percentage of .874 and a goals against average of 3.05, but he turned it all around in the Stanley Cup Playoffs.
Andersen was dominant through the first three rounds as the Hurricanes stormed their way to the Stanley Cup Final. Andersen faltered in the first three games of the series, as he dealt with a knee injury suffered in Game 2, before Brandon Bussi came on in relief to take Carolina the rest of the way.
Andersen finished the postseason with a record of 13-2 with a .910 SV%, 1.89 GAA and three shutouts.
Follow along with Daily Faceoff’s live free agency tracker here.
For his career, which also includes lengthy tenures in Anaheim and Toronto, Andersen owns a .913 SV% and 2.59 GAA. His 324 regular season wins place him fourth among all active NHL goalies.
The addition of Andersen was not the only move that Bowman made to address the goalie position on Wednesday, as he also sent a draft pick to the Buffalo Sabres to acquire Devon Levi, who has thrived in the AHL but has yet to translate that success to the NHL level.
With Levi and Andersen in the fold, the Oilers have three goalies under contract, as that duo joins Tristan Jarry, who Bowman confirmed in his remarks to reporters earlier Wednesday is likely to remain with the organization next season.
Jarry, who Edmonton paid a hefty price to acquire from the Pittsburgh Penguins in the middle of the season, had a disastrous run in Alberta this season, posting a .857 SV% across 19 appearances. He has two seasons left on his contract with a cap hit of $5.375 million.
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