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Report: Oilers will not buy out Horcoff

Edmonton Oilers v New York Islanders

skates against the New York Islanders at the Nassau Veterans Memorial Coliseum on December 31, 2011 in Uniondale, New York. The Islanders defeated the Oilers 4-1.

Bruce Bennett

The Edmonton Oilers will not use one of their two compliance buyouts on team captain Shawn Horcoff, despite an expensive contract and dropping point production.

According to Mark Spector, the Oilers aren’t going to buy Horcoff out, however the senior columnist for stated on Twitter, “Do not take that to mean a compliance by out will not be used in EDM however. Quite possible.”

Horcoff, 34, still has two years remaining on a contract that pays him a combined $7 million over the next two seasons, and is a cap hit of $5.5 million.

His current six-year deal, worth $33 million, kicked in back in the 2009-10 season.

In the 2008-09 season, Horcoff scored 17 goals and had 53 points. For him, that capped off four straight seasons with at least 50 points.

But his offensive production has since been on the downward trend.

Last season, in 31 regular season games with the Oilers, Horcoff had seven goals and only 12 points during the lockout-shortened campaign.

Horcoff was drafted by the Oilers in 1998, and he began his playing career in Edmonton during the 2000-01 season.