Oilers bet on Koskinen with three-year extension

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The Edmonton Oilers have apparently made a decision on their goaltending for the next three years. On Monday, the team announced that they’ve extended Mikko Koskinen for three years with total salary of $13.5M.

“We are excited to have signed Mikko to a three-year contract extension through the 2022 season,” said Oilers general manager Peter Chiarelli. “Mikko has a lot of experience as a number one goalie and has performed well both internationally and for our club.”

That $4.5M salary cap hit means that Cam Talbot, who is set to become an unrestricted free agent this summer, will likely be moving on after the season. Koskinen has a .918 even strength save percentage in 27 games this season after spending the last seven seasons in the KHL and Finland.

Per Sportsnet’s Chris Johnston, Koskinen will make $5.2M next season, $3.3M with a $500,000 signing bonus in 2020-2021, and $4.5M in 2021-22. The deal also includes a limited no-trade clause.

Where did this extension come from? Koskinen’s recent numbers haven’t been strong (.906 ESSV% since Jan. 1) and it’s not like there was going to be a strong market for a soon-to-be 31-year-old goaltender with mediocre numbers come free agency in July. The worst part of this for the Oilers is that there is a very good chance Chiarelli isn’t in his job come October, so the next general manager of the team will inherit this contract.

Was there a rush to lock up a starter for next season and beyond for the Oilers? Was Chiarelli thinking Koskinen’s price would rocket up if he played well over the final three months of the regular season? What is Talbot’s status as the Feb. 25 trade deadline approaches? Is he now, along with forward Jesse Puljujarvi, a piece of trait bait to shore up one of their numerous holes?

The Oilers are only three points out of a Western Conference wild card spot, and with jobs on the line, as well as the pressure of season ticket renewals approaching, there’s a full-on playoff push by the organization and an attempt to set up their future in a positive way. But given the previous decisions of the current regime, don’t bet on it.

MORE: Oilers shuffle more deck chairs, waive Spooner and Rattie

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Sean Leahy is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @Sean_Leahy.