The Edmonton Oilers' start to the 2025 free agency period has been relatively quiet, leading some fans to worry about the team's direction and ability to improve after coming close to winning the Stanley Cup in recent seasons. However, a measured approach may ultimately benefit the team in the long run.
One of the biggest challenges for the Oilers is their limited cap space. After trading Evander Kane to the Vancouver Canucks, the Oilers are working to free up additional cap space by potentially moving Viktor Arvidsson. With limited financial flexibility, the Oilers need to be strategic in their signings. Overpaying for players early in free agency can lead to long-term problems, especially for a team with several high-priced stars like Connor McDavid, Leon Draisaitl, and Darnell Nurse.
The Oilers have made some moves, including signing Andrew Mangiapane to a two-year deal with an AAV of $3.6 million. They also re-signed Kasperi Kapanen to a one-year deal worth $1.3 million and Trent Frederic to a massive eight-year extension. Noah Philp also signed a one-year, two-way extension. The team also signed Evan Bouchard to a four-year contract extension. These signings address some of the team's needs, but questions remain about other areas, particularly goaltending and middle-six forward depth.
Goaltending is a significant concern for the Oilers. The free-agent market for goalies is not particularly strong this year. Jake Allen was a potential target, but he may not be a significant upgrade over Stuart Skinner. The Oilers may need to explore the trade market to find a goalie who can provide more stability in net. Some analysts have speculated about potential interest in Carter Hart if his legal issues are resolved.
The Oilers also need to add depth to their middle-six forward group and find reliable penalty killers. While the team has four strong top-six forwards in McDavid, Draisaitl, Zach Hyman, and Ryan Nugent-Hopkins, they need to find players who can complement them. Some potential targets mentioned include Sean Kuraly, a physical player who could add grit to the bottom six. Brock Boeser was also mentioned as a potential target.
Instead of rushing into deals, the Oilers may be wise to wait and see how the market develops. By being patient, they can avoid overpaying for players and potentially find better value later in the offseason or even closer to the trade deadline. Starting the season with players like Savioe and Philp could also provide an opportunity to evaluate their potential and fill roster spots at a lower cost.
Ultimately, the Oilers' slow start to free agency may be a sign of a disciplined approach rather than a cause for panic. By carefully managing their cap space and targeting specific needs, the Oilers can improve their roster without jeopardizing their long-term financial health.
