The Edmonton Oilers announced on Monday that they had agreed to terms with defenceman Jeff Petry on a one-year contract. The two sides had discussed a longer termed deal but elected for the one-year instead.
It gives Petry an opportunity to have a bounce-back season and prove his place on the Oilers before they hit the negotiation room again next summer.
“We looked at longer termed deal for him but we just couldn’t agree on that longer termed deal,” Oilers General Manager Craig MacTavish said. “It’s a bit of a risky deal for us because we’re exposed on the asset. We very much view Jeff as a high-end asset for us. At the same time, we’ve got to see what the level is for Jeff and Jeff’s anticipating a high level and he’s got the ability to hit it out of the park and we hope that’s the case. We’re right back at the negotiation table next year negotiating a long-term deal with Jeff based on a tremendous season and a big upgrade on what we’ve seen over the last few years, which has been pretty good.”
The deal is reportedly just over $3 million and MacTavish says it’s a fair agreement for both sides.
“We did offer him a longer term deal. Somebody that didn’t have confidence in their ability would have probably taken it. I think it’s a good deal for both parties, I really do. It’s the perfect compromise. I’m of the mindset that you can’t have a bunch of defencemen making $4 million. You want some making seven and some making one. The guys that are making four, you can’t shell out your roster and I think you can allocate your dollars for defence better than having a whole bunch of people at the same price point.”