The Edmonton Oilers' potential contract extension with Trent Frederic is generating buzz, and perhaps some trepidation, among fans and analysts alike. While the desire to retain a player acquired at the trade deadline is understandable, the rumored price tag associated with Frederic's new deal is raising eyebrows and prompting questions about the Oilers' cap management strategy.
Frederic, 27, was brought in to add grit and depth to Edmonton's bottom six. Acquired from the Boston Bruins, the Oilers hoped he would provide a physical presence and contribute offensively. While he has played a regular role in the playoffs, his production has been limited. In 18 playoff games, he has recorded just one goal and three assists, averaging around 11 minutes of ice time per game.
The potential "sticker shock" stems from the perceived gap between Frederic's on-ice contributions since joining the Oilers and the rumored contract demands. While the exact figures remain undisclosed, rumblings suggest that Frederic's camp is seeking a deal that reflects his breakout year in 2023-24 with Boston, where he tallied 18 goals and 22 assists. However, his production dipped significantly this past season before the trade, and his playoff performance hasn't exactly screamed "must-sign."
Several factors contribute to the likelihood of a potentially inflated contract. Firstly, the Oilers invested a significant package of assets to acquire Frederic, including draft picks and prospects. There may be a desire to justify that investment by ensuring he remains with the team. Secondly, Frederic is a pending unrestricted free agent (UFA). This gives him leverage in negotiations, as he can test the open market if his demands aren't met. The Oilers may feel pressured to offer a premium to prevent him from walking away for nothing.
However, handing out a lucrative extension to Frederic could create complications for the Oilers, who have several key players to re-sign in the near future. Restricted free agent Evan Bouchard is due for a significant raise, potentially in the $10 million per year range. Furthermore, with Connor McDavid eligible for an extension next summer, the Oilers need to be mindful of their long-term cap situation. Overpaying for Frederic could limit their flexibility to retain other core players or address other roster needs.
The Oilers could look at a short-term deal to allow Frederic to prove his value, but it is not imagined that the cost would be high. General Manager Stan Bowman might want to keep Frederic because he has meshed well with the group.
Ultimately, the Oilers must weigh Frederic's potential contributions against the cost of acquiring and retaining him. While he brings a valuable physical element to the team, they cannot afford to overpay to the extent that it compromises their ability to build a Stanley Cup-contending roster. The art of contract negotiation lies in finding a balance that benefits both the player and the team, ensuring fair compensation while maintaining financial flexibility.