It’s been reported over the last that the Edmonton Oilers have undergone good discussions with defenceman Adam Larsson for a new contract.

First reported by Sportsnet’s Elliotte Friedman, discussions circled around a four-year contract extension.

Thursday, TSN’s Frank Seravalli reported that the deal could come in the three-to-four year range.

And now, Postmedia’s Jim Matheson believes the contract will come in at four-years in the range of $3.75-million.

There’s potential for Larsson to have taken a pay cut from his last contract, one that pays him an AAV of $4.16-million. It’s not unreasonable, as Matheson mentioned, that in a flat cap world Larsson may not find the money he’s looking for from the Oilers.

A player like him would undoubtedly be looking for some kind of a raise, but money is evidently a major issue for teams across the league.

This year he’s scored three goals and nine points this season, and has totaled 67 points in 326 games with the Oilers.

According to hockeyviz.com, a hockey analytics website that isolates players impacts at even-strength by comparing expected goal averages, Larsson provides defensive value at an 11 percent rate higher than league average and offence at a seven percent rate below league average.

These numbers have has large impacts on both the Oilers offence, and defence this year. With Larsson on the ice, the Oilers have a 22 percent worse expected goals for per hour rate than league average, but defensively, Edmonton has a 19 percent better expected goals against rate than league average.