Edmonton Oilers Roster Update: Salary Cap Contracts, Draft Picks, and Cap Space
Breaking News
The Edmonton Oilers have made several roster moves that have impacted their salary cap situation and draft position. The team has signed forward Evander Kane to a four-year, $21 million contract, bringing his cap hit to $5.125 million per year. They have also traded defenseman Ethan Bear to the Carolina Hurricanes for forward Seth Jarvis, who has a cap hit of $1.45 million. These moves, along with other roster adjustments, have left the Oilers with $10.5 million in cap space, according to CapFriendly.
Salary Cap Contracts
The Oilers have 23 players under contract for the 2023-24 season, with a total cap hit of $88.9 million. The team's highest-paid player is Connor McDavid, who has a cap hit of $12.5 million. Other key players with high cap hits include Leon Draisaitl ($8.5 million), Darnell Nurse ($7.4 million), and Evan Bouchard ($4.4 million).
Draft Picks
The Oilers have seven draft picks in the 2023 NHL Entry Draft, including two first-round picks (12th and 25th overall). They also have picks in the second (32nd), third (64th), fourth (96th), fifth (128th), and sixth (158th) rounds.
<Salary Cap Projections
The Oilers' salary cap is projected to increase to $92 million for the 2023-24 season. This will give the team some additional flexibility to add players or make trades. However, the team will need to carefully manage its cap space, as they have several key players who will be due for new contracts in the coming years.
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