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Deck the Halls for 7 More Years

The first of the young guns have re-upped with the Oilers, telling the world that they like the direction the team is taking, and believe that there is a future there. Or at least believes that he signed a contract that the Oilers wouldn’t have any trouble moving, should he request it. But since every Oiler fan hopes and prays that day never comes, it’s time to celebrate a great contract extension.


This $42 million contract extension works out to 6 million a year for 7 years, which should be 4 years after the Oilers win their first cup since 1990. This would also mean that Hall has given up 3 years of free agency to stick with the Oilers.

After two seasons on a bottom of the barrel team that may seem like quite the overpayment, but the Oilers are paying for Hall’s potential, and Hall was the first overall pick of 2010. When compared to John Tavares’ contract situation though, we see that the numbers are quite similar. Tavares’ deal was for 6 years and for $3 million less if you compare the two deals over the first 6 years of Hall’s deal, and so should put the numbers into a bit more perspective.

While Hall’s deal is done, the team is still in negotiations with Jordan Eberle’s camp, but this deal may take a bit longer as Eberle is represented by Don Meehan’s agency, the very same agency that represents Ryan Smyth. And I think that we all remember the last failed contract negotiations between the Oilers and Smyth before trade deadline day of 2007. There is no reason to believe that an agreement on Eberle’s extension won’t be reached, and especially when there is no rush to get the deal done.

Hall’s deal should also set the bar going forward for other players looking for contracts. Every player wants to play for a winning team, a team that they believe can contend but with a salary cap there is only so much money to go around. By setting the ceiling for their core and star players, the Oilers are setting the mark for everyone else. And so long as they stick to their guns, the Oilers might be able to make this work. So long as they are considering the other up and coming players that they consider core and see fitting into their long term plans.

 

Filed in: Edmonton Oilers, Taylor Hall, | Oil Patch | Permalink
 

Comments

Avatar

Man. You’re telling me locking up a 20 yr old to the same contract as the Sedins is a good idea? The kid hasn’t played a full season yet, and he’s making Sedin money?

Not a good idea.

Posted by Deadmonton on 08/23/12 at 03:26 AM ET

Lisa Brown's avatar

Oh, its an overpayment alright, but at least its for an oilers top six forward rather than for a fourth line grinder

Posted by Lisa Brown on 08/23/12 at 04:08 AM ET

BrendonR's avatar

This is a great contract for both sides, and I can’t imagine the Eberle contract would be any different.  Lisa, where do you think they’ll land with Ebs?  I also wonder what this type of pre-lockout deal will mean for the Nuge’s eventual post-lockout extension since he’s probably the most talented player of all their young guys.  As a bonus question, what do you think they’ll do with Paajarvi?

Posted by BrendonR on 08/23/12 at 08:24 AM ET

Avatar

cheese Oiler Fans must be happy, a GM that is thinking like Ken Holland . Mr. Holland is an extremely smart GM. The Oilers management with this core of truely talented young players are acting appropiately considering the future of the next CBA and long term finiacial responsibility of the team. What an astute move by the Oilers GM. He’s thinking ; I believe , correctly about his teams assets.The future of any teams fiscal responsibility has to be a well thought out plan. He’s on the mark .I just wish more of the leagues GM’s would follow Mr. Holland’s business savy. The future of Hockey going foreward will need GM’s doing as such !!!! Congrats to the Oiler organization for a great move going foreward.

Posted by rayzredwing on 08/23/12 at 11:24 AM ET

Lisa Brown's avatar

Brendon I don’t claim to have insider information but I’ve heard that Eberle was looking for $7 million before Hall’s deal was done. I could see him getting a contract similar to Hall’s, but certainly not more.

When it comes to Nugent-Hopkins I have been wondering the same. I think that the lockout will have a lot to do with a lot of the upcoming contracts. The Oilers will have to sign Yakupov post lock-out as well, and some of their key defencemen, and we don’t yet know who those will be. It looks like Jeff Petry, Ladislav Smid and hopefully Justin Schultz, but it all depends on a few things that will happen fairly soon.

As for Paajarvi… I really want to see what happens with the new coach. I think that having Paajarvi sit in the pressbox night after night to start the season didn’t set him up for a great season overall. In more and more player interviews they are not painting the picture for a lot of communication and mutual respect in the locker room. I’m hoping that a new coach will make a difference.

Posted by Lisa Brown on 08/23/12 at 11:50 AM ET

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Lisa McRitchie is a fairly new writer, online at least, but makes up for inexperience with passion for the game of hockey and memories of Mrs. Leskiw’s English AP class; who knew they would pay off one day.

Oil Patch focuses on the Edmonton Oilers, the Edmonton Oil Kings, The Oklahoma City Barons and Team Canada Hockey with game coverage, news updates, speculation and interviews.

Although the Oilers have had a difficult past decade… or three, here at Oil Patch, the future looks bright.

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