And all signs are pointing towards the Edmonton Oilers making a decisive move with goaltender Jack Campbell. The team is expected to execute a buyout of his contract within the coming days, likely before the NHL Draft kicks off tomorrow.
The Oilers have a narrow window, closing on June 30th, to finalize their decision on Campbell. Given the need for cap flexibility ahead of the draft, the decision to buy out Campbell's contract could provide the necessary financial leeway for potential trades or signings.
Although a second buyout period will be available later in the offseason, the exact dates remain unconfirmed. For Campbell, who has been out of favor since last November, a buyout seems the only viable option. The Oilers are keen on maximizing their cap space immediately, essential for maneuvering at the draft and in upcoming free agency pursuits.
Jack Campbell's tenure with the Oilers has been underwhelming, marred by poor performances with save percentages of .888 and .873 over two seasons. With three years remaining on his contract at $5 million annually, trading him would likely cost the Oilers significantly, making a buyout a more palatable financial decision despite the long-term cap hit spread over six years.
In his inaugural address as interim General Manager today, Jeff Jackson is expected to prioritize the Campbell buyout as his first order of business. Securing cap space before the draft is crucial, suggesting that the Oilers might finalize the buyout within the next 24 hours, unless alternative strategies emerge.
