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Photo Credit: Anne-Marie Sorvin-USA TODAY Sports

Oilers place Andrej Sekera on waivers for purpose of buyout

News came out this morning on social media that the Edmonton Oilers have placed defenceman Andrej Sekera on unconditional waivers for the purpose of a buyout.

Sekera is signed for two more seasons at a $5.5-million cap hit. A buyout will carry a cap penalty over the next four seasons.

SEASONS SAVINGS CAP HIT
2019-20 $3,000,000 $2,500,000
2020-21 $3,000,000 $2,500,000
2021-22 -$1,500,000 $1,500,000
2022-23 -$1,500,000 $1,500,000

 

Buying out Sekera immediately opens $3 million in cap space. The Oilers must have plans in free agency as they now have a little over $12 million to play with according to PuckPedia. Sekera is coming off another injury-plagued season after two significant injuries in back-to-back seasons.

Sekera was one of the Oilers’ best defencemen in 2015-16 and 2016-17. Unfortunately, an injury in the playoffs against Anaheim held him to just 60 games over the past two seasons. The Oilers have a somewhat crowded left side on defence with Oscar Klefbom and Darnell Nurse. A younger player like Caleb Jones now has a clearer path to an NHL spot.

The Oilers already have money dedicated to the buyouts of Benoit Pouliot and Eric Gryba, making another buyout less than ideal, however, it does afford Ken Holland and co more freedom to address the roster this summer. Gryba’s buyout ends after next season, while Pouliot’s extends to 2021.

SEKERA AS AN OILER

Season Team Lge GP G A Pts PIM +/- PGP G A Pts PIM
2015-16 Edmonton Oilers NHL 81 6 24 30 12 -15
2016-17 Edmonton Oilers NHL 80 8 27 35 18 14 11 1 2 3 2
2017-18 Edmonton Oilers NHL 36 0 8 8 6 -15
2018-19 Edmonton Oilers NHL 24 0 4 4 6 3
2018-19 Bakersfield Condors AHL 5 0 2 2 2 6
NHL Totals 707 45 191 236 178 19 2 2 4 13

 

  • CMG30

    This is a questionable move. Never a good idea to ink a rookie into the lineup until they give you no choice. Seems like they’re sure somebody is making the team out of camp though. Sadly, this is Chirelli type thinking.

    At the end of the day, buyouts are a short term band aid at the cost of long term pain. This make this move doubly questionable since Sekera is a solid player who’s just been injured, he could easily still make solid contributions.

    If the goal was to free up cap space, far smarter to trade the guy for a low pick and retain half his salary as a sweetener for the remainder of his contract, which would only be 2 years. You get the same cap relief, a magic bean, and you’re not hamstrung with dead cap space 2021-2023

  • ed from edmonton

    So if the mandatory wailing and whining period that follows any Oiler move or non move is over can we move to the question is what should happen to the 12ishM cap space. Priorities should be.
    1. A goalie that is more likely to be a starter than Koski (Murazek or Varlamov). Could be a high as $4M leaving 8M for forwards.
    2. A center. There has been rumors about Boyle who I am not so keen on but he would be an upgrade on Brodziak/Cave, although maybe not a big one. There are a few other centers out there, let’s say 3M for a center leaving 5M.
    3. A couple of wingers for the last 5M. Obviously not Connelly but I think Donskoi would be a nice fit.

    At least some of the host of AHL forwards who were on the team at the end of last year will be back where they belong.

  • HOCKEY83

    Veteran G Smith will join Oilers

    “Veteran goaltender Mike Smith has chosen to play with the Edmonton Oilers, according to TSN Senior Hockey Reporter Frank Seravalli.”

    • ed from edmonton

      I am very disappointed with the as a 38 year old on the down side of his career inspires no confidence in the goaltenders. The only silver lining is that it should allow a couple of M more to spend on forwards vs say a signing of Mazurek or Varlamov. Oil forward adds will be more impactful than expected a few hours ago. Could be as much a 10M worth of forwards coming in.

  • Mitch64

    Surprising sure, but with the youth we have in bear, jones and our last 2 fist picks have alot of their own prospects close to the show but if they had any hunches on under valued free agents that could make a impact on the ice for cheap. A couple breakout starts for some roleplayers and the oil can get to December in a good spot all we needed was 1 more guy giving us what chaisson did

  • Goaltender Interference

    Standing alone I sure don’t like this move. However I guess I’ll reserve final judgement until I see what Holland does in free agency.

    If rumours are true and Smith is hopping on the Oilers train then I’m cautiously optimistic. But a lot will depend on how much the contract is for and for how much term.

  • ed from edmonton

    So at 2M plus 2M in performance bonuses the Oil can puch any performance bonuses earned to next year. They could spend up to 10M upgrading forwards. Their forward target may have moved up a notch.

  • RaimoSummanenLives!

    Sekera can still play, but he’s expensive and frequently injured. The Oilers have a boatload of LHD in their system. This opens up a spot for some like Caleb Jones, who’s played a couple full seasons in the AHL + spent time with the Oilers – not really a raw rookie.

    If Holland had kept Sekera, and Sekera got hurt, the same people complaining about the buyout would complain about the “Chiarelli-like” move of keeping an oft-injured player!

  • Ko-D

    Oilers are better off keeping Sekera this year and looking at buying him out next year. Plus he is still a useful NHL player!! Cap penalty goes way too far into the future just to overpay washed up Smith and Perry for a season or two.