Oilers announce another transaction: Millions off their books

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Felip Gosselin
August 18, 2024 (8:30 PM)

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The Edmonton Oilers just executed a trade with the San Jose Sharks.

While seemingly straightforward, this move has deeper implications for the Oilers, especially in light of the looming offer sheets on young prospects Philip Broberg and Dylan Holloway, which are set to expire in less than 24 hours.

To Edmonton
- Ty Emberson

To San Jose
- Cody Ceci
- 2025 3rd Round Draft Selection

Ceci, who joined the Oilers in 2021, was reliable on the blue line, providing steady minutes and defensive stability. However, with a cap hit of $3.25 million through the 2024-2025 season, Ceci's contract began to pose challenges for the cap-strapped Oilers. Edmonton's decision to trade Ceci appears to be a strategic move to free up cap space as they face the urgent need to retain their young talents.

Philip Broberg and Dylan Holloway, both highly regarded prospects, were tendered offer sheets by the St. Louis Blues. The Oilers now have limited time to match these offers or risk losing their future stars. Broberg, a promising defenseman, and Holloway, a forward with top-six potential, represent the future of the Oilers' core. Losing either player would significantly blow the team's long-term plans.

Ceci's trade provides Edmonton with the financial flexibility to address the offer sheets. By shedding Ceci's contract, the Oilers have opened up crucial cap space, making it more feasible to match the offer sheets and retain both Broberg and Holloway. This move underscores the delicate balance the Oilers must maintain between managing their current roster and securing their future.

Edmonton's management is now under pressure to make the right call. With the offer sheets expiring soon, the Oilers have a narrow window to finalize their decisions. The trade for Ceci not only alleviates some of the financial burden but also signals the Oilers' intent to protect their young assets at all costs. How this situation unfolds will be pivotal for the Oilers' prospects in the immediate and long-term future.