Petry signs one year deal

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Jeff Petry signed a one-year deal worth $3.075 million. He will be a UFA next season, and if the Oilers do want to sign him to an extension they can’t until January, 2015.

After seeing what UFA D-men received on the free agent market, I can understand why Petry’s camp elected to sign for one season. The Oilers now have another season to evaluate him.

A one-year keeps him as a potential trade candidate as well. The Oilers can’t afford to lose him in free agency for nothing. This signing won’t put a stop to the trade rumours, but I don’t think the Oilers are in any rush to move Petry. If the proper deal presents itself, they have to think about it, but if I’m the Oilers I play Petry as a 2nd pair D-man and see how he performs, rather than playing him over his head in the first pairing.

This deal makes financial sense for one season, but it doesn’t give the Oilers much long term security and that is an issue.

What do you think of the signing?

    • Jason Gregor

      NHL players have to sign before November or they can’t play that season. His option would have been Europe. Oilers could have dealt him.

      There was no reason he wouldn’t sign a contract. When he didn’t file for arbitration it was obvious both sides were close to a deal.

  • vetinari

    Uneasy. That’s how I feel. No long term commitment from the team and no long term commitment from the player. This is basically a punt until February for a final decision. Petry has some warts on his game but generally he’s been one of our top defence men the past few seasons. I suspect that he’s just holding down a roster spot until Klefbom and Nurse are ready to go next season.

          • The Last Big Bear

            Oh, Engelland is getting a ridiculous overpay, for sure.

            But:

            1) You said neither Schultz nor Petry would get paid as much as Engelland, and I’m pretty certain you were wrong on both counts.

            and

            2) The Flames are below the cap FLOOR. They said they wanted to surround the prospects with “Beef”, and this was the guy they wanted. They got their man, and money doesn’t matter to Calgary. They’re about $20m below the ceiling, and are not going to run out if cap space for the foreseeable future. Engelland could be making $10m and is wouldnt make a lick of difference to the Flames.

          • Zarny

            Mmm…sorry I’ve never made a comparison on what Schultz and Petry would get paid compared to Engelland. At least not directly by name that I remember.

            I expected Petry to be $3M+ for sure and with Schultz it depends on whether it’s a bridge contract or long term extension. With a bridge I think he gets ~ $2.7-2.9M and with longer term (5-6 years) I think it would be more like $4M.

            I realize the Flames are below the cap floor; but the reality is that any team who drastically overpays anyone effects the entire market. Agents for bottom pair D will now hold Engelland’s contract up as comparison. Same thing happened with players on their 2nd contracts.

            I do think it was a smart move by Calgary to keep the term short (3 years). I would have preferred the same for Pouliot’s overpay.

          • Zarny

            You are certainly entitled to your opinion but with players like Oshie, Dubinsky, Parenteau, Henrique, Hudler and Stafford @ $4M I don’t see how you can argue Pouliot wasn’t an overpay. They’ve all topped 50 or 60 pt where Pouliot has never hit 40 pt once.

            The Oilers had to pay a few extra bucks which is fine. That’s the cost of doing business in Edmonton.

            5 years though for a 3rd line player is a concern to me. It took until he was 25 to become a well-rounded 35 pt player. Most players see a drop off at 30 which is 2 years away for Pouliot.

        • The Soup Fascist

          Ference seems to have his hands full on the left side, routinely being mistaken for a turnstile. I am not sure he is the guy to be playing “flopsie” if the need arises. The fact that he is equally “adept” on the right side does not necessarily bring me comfort.

          I do understand that Nikitin is pretty experienced at playing right D, though. Hopefully he has that capability and would be the first choice.

        • Zarny

          Yes, some D will play both sides and a select few even prefer to play on their off-side.

          It was much more common in the past. Now most D play the same side they shoot which is the case for Marincin, Klefbom and Nurse.

          Don’t think the NHL is where they should try playing on their off-side.

    • bazmagoo

      “I suspect that he’s just holding down a roster spot until Klefbom and Nurse are ready to go next season.”

      That’s the impression I get from this deal as well.

  • OilPain

    Wish it was for more years, but I’m just happy to have him back. Gives the Oilers another year to evaluate his value before handing out a long-term contract, or trading him.

  • Mike Krushelnyski

    I think it was necessary to get his cap hit down. Now we can sign Shultz and still have $5M+ to go after a centre.

    It’s not a long term solution, but gives some flexibility for next year too.

  • Gordie Wayne

    considering what they are willing to pay players to come here, the price is very fair. he’s the best of a bad (more like team) defensive core.

    i tend to think this means good-bye to Petry. surely they could have made,a dn had, a better contract if they really wanted to. maybe it’s a 2 way feeling. who’s to say.

    if you put players in proper positions to succeed they can. Petry has been asked to play over his head for sometime.

  • bazmagoo

    Interesting deal for Petry. He’s gonna hit UFA at an early age and I think this gives him tons of motivation for this season, which will benefit the team. Pretty obvious the Oilers don’t see him in their long term plans.