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Edmonton Oilers rumoured to be trading Evander Kane to clear cap space

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Elliot Ben Jacob
June 29, 2024  (8:11 PM)
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The Edmonton Oilers' Evander Kane.
Photo credit: TSN

The Edmonton Oilers are looking to clear up cap space this offseason, and multiple reports say Evander Kane will be the one traded off the roster.

There's a good-to-great likelihood Kane is moved by Monday

Trusted sources of The Oil Rig have indicated that Evander Kane is likely to be dealt before Monday, July 1, when Free Agency Frenzy opens.

Evander Kane, who will be 33 years old at the start of next season, has started to perform below the value of his contract. This season, he played 77 games, scoring 24 goals and totaling 44 points, but he struggled for long periods and dealt with repeated serious injuries. These injuries impacted his play, leading to his removal from the lineup in the last five games of the Stanley Cup Final.

Kane is under contract for two more seasons with a cap hit of $5.125 million each season. His contract includes a full no-move clause this year but a modified no-trade clause next year. If the Oilers manage to trade Kane, he will need to waive his no-move clause and accept the trade. With sources confident that a deal is imminent, the Oilers may have already asked him to waive this clause.

Speaking to the media yesterday, interim GM Jeff Jackson confirmed that the Oilers are exploring moves to create cap space.

Despite being criticized for off-ice issues throughout his career, Kane has been a valuable player for the Oilers over his three years with the team. By moving Kane, the Oilers will free up cap space necessary to re-sign Leon Draisaitl and address gaps on defense. Even without an official general manager, the Oilers are not hesitating to make significant moves.

As Read on OilersDaily - Edmonton Oilers trading top six forward as salary cap dump

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Edmonton Oilers rumoured to be trading Evander Kane to clear cap space

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