Edmonton Oilers receive tender offer sheets from Blues for Broberg and Holloway

The St. Louis Blues are looking to take advantage of an opportunity to land a couple of players from the Edmonton Oilers.

St. Louis announced on Tuesday that the team has tendered offer sheets to defenceman Philip Broberg and forward Dylan Holloway.

Broberg has been offered a two-year contract with an annual cap hit of $4,580,917. The offer sheet compensation should the Oilers decide not to accept the deal is a second-round draft pick.

The Blues made Holloway an offer of a two-year contract with an annual cap hit of $2,290,457. The Oilers would receive a third-round draft pick as compensation for the offer sheet if they choose not to accept it.

The Oilers have seven days to exercise their right of first refusal on each of the players.

Edmonton is one of the few teams currently over the salary cap, by $354,167. This could make it tough to match the offers to Holloway and Broberg but the Oilers can exceed the salary cap by 10 per cent in the off-season.

In order to tender the offer sheets, the Blues made a trade with the Pittsburgh Penguins Tuesday to re-acquire their second-round pick in the 2025 NHL Draft and acquire Pittsburgh’s fifth-round selection in 2026.  In exchange, the Penguins received St. Louis’ second-round pick in 2026 and Ottawa’s 2025 third-round selection, which was acquired in the deal that sent Mathieu Joseph to the Blues.

Broberg has played 81 career games for the Oilers over the last three seasons, registering two goals and 13 points. Edmonton selected the 23-year-old eighth overall in the 2019 NHL Draft.

Holloway has appeared in 89 career games with Edmonton, scoring nine goals and 18 points while also registering event points during the team’s run to the 2024 Stanley Cup Final. The 22-year-old was selected 14th overall by the Oilers in the 2020 NHL Draft.

The last time a team made an offer sheet was back in 2021 when the Carolina Hurricanes signed Jesperi Kotkaniemi to a one-year, $6.1 million deal. The Montreal Canadiens decided not to match and received the Hurricanes’ first and third-round picks in the 2022 NHL Draft.

Since the salary cap era, only two offer sheets have been offered and not matched. The other instance was in 2007, when Dustin Penner went from the Anaheim Ducks to the Oilers.

The Edmonton Oilers have found themselves in a unique situation as they recently received tender offer sheets from the St. Louis Blues for two of their top prospects, Philip Broberg and Dylan Holloway. This move by the Blues has caught many in the hockey world by surprise, as offer sheets are a rare occurrence in the NHL.

Philip Broberg, a highly-touted defenseman, was the Oilers’ first-round pick in the 2019 NHL Draft. The 20-year-old Swedish native has shown great promise in his development and is considered a key part of the Oilers’ future defensive core. On the other hand, Dylan Holloway, a forward drafted in the first round in 2020, is also seen as a valuable asset for the Oilers with his strong two-way play and offensive skills.

The offer sheets from the Blues indicate their interest in acquiring these young talents and potentially disrupting the Oilers’ long-term plans. Offer sheets are a way for teams to try and pry away restricted free agents from their current teams by presenting them with a contract that their current team may not be willing or able to match.

In this case, the Oilers now have a decision to make on whether to match the offer sheets and retain Broberg and Holloway or let them go to the Blues in exchange for draft picks as compensation. Matching the offer sheets would ensure that the Oilers keep two promising young players in their system, but it could also put a strain on their salary cap situation.

Ultimately, the Oilers will need to weigh the long-term benefits of keeping Broberg and Holloway against the short-term financial implications of matching the offer sheets. It will be interesting to see how this situation unfolds and what decision the Oilers ultimately make regarding these two talented prospects.