Oilers reportedly might spend Eberle savings on signing Russell

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Optimistic Edmonton Oilers fans who didn’t like the Jordan Eberle trade could at least rationalize the savings, as Ryan Strome comes at a $3.5 million salary-cap discount. Surely that money will be focused squarely on locking up the future – aka sorting things out with Leon Draisaitl and Connor McDavid – right?

After all, that was the spin from GM Peter Chiarelli: moving Eberle for Strome was all about “long-term thinking.”

Well, about that …

TSN’s Bob McKenzie reports that the Oilers are nearing a deal with defenseman Kris Russell that could carry approximately a $4 million cap hit over a four-year term. The dollar amount can change, but that would put the shot-blocking defenseman’s cost at around $16 million overall. (There are rumblings that it might be $18M with a no-movement clause.)

Now, before we criticize (er, discuss) the move, do note that McKenzie reports that it isn’t a done deal. If it happens, it might not be announced until Friday, anyway.

If it does go through, the move inspires comparisons to last summer. To refresh your memory, the Oilers made a polarizing (but money-saving) move by sending Taylor Hall to the Devils for Adam Larsson. Shortly after that trade, the Oilers essentially used those savings to sign Milan Lucic.

Results were … mixed, and Lucic’s contract seemingly stands as a barrier to accrue other assets.

Could the same thing happen here? Russell has his proponents, yet his possession stats indicate that his stature has been inflated, at times, around the NHL. One thing that’s undeniable is Russell’s age: he’s 30.

Will a 30-year-old defenseman fall apart during a four-year deal? Not necessarily, although his shot-blocking tendencies inspire some concern; just look at how Dan Girardi aged in New York.

Either way, it’s difficult to defend giving Russell about $4 million a year when you’re trying to sign Leon Draisaitl (RFA this summer) and Connor McDavid (RFA next summer, but eligible for an extension as early as July).

Recent rumblings don’t inspire a ton of confidence, either. For one thing, Chiarelli made a strange semi-challenge regarding Draisaitl and offer sheets.

There are also rumors about McDavid’s potential contract demands.

Again, the parameters of a Russell deal could change; the Oilers might not even bring him back at all. TSN’s Darren Dreger also notes that McDavid wouldn’t necessarily receive that big payday he’d possibly ask for.

Still, Oilers fans have experienced the worst-case scenario far more often than not in recent years, and these developments could inspire some doom and gloom … even if all three players are kept in the fold.