According to many industry sources, the Edmonton Oilers have signed Ryan Nugent-Hopkins to a 7-year contract extension worth a reported $42 million.
The deal was finalized today after news broke earlier in the week that the two sides were discussing a new deal to keep RNH in an Oilers’ uniform for the foreseeable future. What wasn’t clear was how long and what dollar amount the Oilers and Nugent-Hopkins were after.
Some reports came out yesterday that Edmonton was offering the maximum eight years worth $5.25 annually while there was some chatter that a shorter term deal might be in the team’s favor.
In the end the Oilers gave Nugent-Hopkins the same contract that both Taylor Hall and Jordan Eberle received prior to their entry-level contracts had expired. Eberle signed for one-less year but the annual values are all the same.
According to Nick Kypreos of Sportsnet, the deal does not include a no-trade movement clause was not part of the deal, the same as Hall and Eberle.
Nugent-Hopkins is recovering from shoulder surgery that could force him to miss the opening month of the NHL season and the argument could be made that he hasn’t earned this deal when comparing Hall and Eberle’s first two years to his. Regardless, the Oilers see the value in RNH and want to ensure that he and the other young players that represent their core remain together for the long-term. That was accomplished today with the extension.
More on this signing and the reaction to it in the coming days.