Ken Holland is entering a sticky situation after reportedly agreeing to become the general manager of the Edmonton Oilers. He has world-class talents Connor McDavid and Leon Draisaitl at his disposal, but thanks to the previous regime led by Peter Chiarelli, there isn’t much else to smile about.
Due to some of the bad contracts Chiarelli signed during his tenure as GM, Holland will have limited spending flexibility throughout his first few seasons at the helm. And even though the Oilers’ roster has more holes than a block of Swiss cheese, there’s still a formula Holland can follow to make the Oilers more competitive next season without derailing their long-term contention plan.
Shed contracts via buyout
Milan Lucic provides zero value to the Oilers on the ice. Even though his seven-year, $42-million contract is bonus-heavy, Edmonton is better off buying him out.