Jack Campbell Buy-Out
The last and most likely option for the ending of the Edmonton Oilers Jack Campbell relationship is a buy-out this offseason. The reason this is most likely is it clears up a decent amount of cap space and will have a minimal effect after that.
If the Edmonton Oilers were to buy out Campbell this offseason here is how the savings/cost will lay out moving forward.
2024-25: Savings of $3.9 Million
2025-26: Savings of $2.7 Million
2026-27: Savings of $2.4 Million
2027-28: Cost Of $1.5 Million
2028-29: Cost Of $1.5 Million
2029-30: Cost Of $1.5 Million
In my opinion, dead cap space is one of the worst things a team could have so if there is a way to avoid a buy-out then I would say don’t do it. When it comes to the play of Campbell though a buy-out in the costing years is better than his $3.85 buried in the minors cap hit.
Another thing that needs to be looked at in the last 3 years, is if they can get a cheap backup goalie at around $1 million then the total cap hit would be the same as if they had a $2.5 million goalie. The $1.5 million in dead cap is not that much, considering the fact right now they had $1.9 million in dead space in the James Neal buyout.
As much as I would like Jack Campbell to turn things around and become a contributor in the Edmonton Oilers it doesn’t look like that is going to be the case. The question moving forward now is what are the Edmonton Oilers going to do with Campbell and his $5 million cap hit.
I laid out what I think the main 3 options are, but it comes down to Ken Holland and Jeff Jackson on what they will do. One thing is certain whatever they do, it can’t make this team worse moving forward.