Oilers sign Russell to reported four-year, $16 million extension
When the Edmonton Oilers traded Jordan Eberle over the weekend part of the reasoning was so they could clear salary cap space, presumably to help re-sign veteran defenseman Kris Russell.
On Friday, they completed that series of transactions.
That comes out to a salary cap hit of $4 million per season. TSN’s Ryan Rishaug adds that the deal could also include a modified no-trade clause.
Russell has become an extremely polarizing player in the NHL over the past few years so this deal is sure to receive equal amounts of praise and criticism depending on what exactly you’re looking for from a defenseman.
He has never been a strong possession player and doesn’t have a lot of offensive ability -- two things teams seem to be looking for on their blue lines right now -- which leads to criticism from the analytics side of the sport. But because he is one of the NHL’s most fearless shot-blockers and consistently among the league leaders in that category he is loved as an old-school, defensive-defenseman. That ability was a big talking point for much of the 2016-17 season as the Oilers had their best season in more than a decade (Connor McDavid, Leon Draisaitl and Cam Talbot played a pretty significant role, too).
Another part of the justification for the Eberle trade was the fact the Oilers needed some additional salary cap space because of the need to re-sign both McDavid and Draisaitl to long-term contract extensions.
Eberle on his own was going to account for $6 million in salary cap space this season.
Ryan Strome (the player acquired for Eberle) and Russell will account for $6.5 million.
Are the Oilers better off with Strome and Russell than they would have been had they simply let Russell walk and kept Eberle? That remains to be seen, but obviously the Oilers think they are.