Oilers don’t match Blues’ offer sheets for Philip Broberg and Dylan Holloway

The St. Louis Blues have scored a couple of young and talented players.

On Tuesday, after the seven-day deadline passed, the Edmonton Oilers have decided to give up defenseman Philip Broberg and forward Dylan Holloway to the Blues.

The #oilers have declined their right of first refusal on contracts for Philip Broberg and Dylan Holloway, so both players are now members of the #stlblues.

Broberg: Two years, $4,580,917 AAV
Holloway: Two years, $2,290,457 AAV

Edmonton gets a 2025 2nd and 3rd as compensation.

— Chris Johnston (@reporterchris) August 20, 2024

Last week, St. Louis tendered offer sheets to the two players. Broberg has signed a two-year contract with an AAV of $4,580,917, and Holloway’s deal is also for two years with an AAV of $2,290,457. Since the Oilers didn’t match, they will be compensated with the Blues’ 2025 second-round pick for Broberg and their third-round pick for Holloway. Had either contract been for one dollar more, the compensation would have increased.

As a result, the Oilers have $1,958,333 in cap space. That will increase as forward Evander Kane is set to have surgery for a lower-body injury and is expected to be out for months. Edmonton will be able to place him on long-term injured reserve at the beginning of the season, with his $5.5 million cap hit coming off the book, giving Edmonton some more flexibility.

Broberg’s tenure with the Oilers has been rocky. The eighth-overall pick from the 2019 draft has played 81 games with the team over the past three seasons, but spent most of the 2023-24 campaign with Edmonton’s American Hockey League affiliate, the Bakersfield Condors. This past December, the team granted the Swedish blueliner permission to seek a trade, though nothing happened by the trade deadline. Over his time in the NHL, Broberg has scored two goals and 13 points, with a plus/minus of -5. He did play in 10 playoff games this past spring, as the Oilers made it all the way to the Stanley Cup Final.

Holloway played a little bit more last season with Edmonton, scoring six goals and nine points in 38 games. In 25 games in last year’s playoffs, the 22-year-old notched five goals and seven points. The former Wisconsin Badger joined the Oilers organization during the 2021-22 season, after being taken by the team 14th overall in the 2020 NHL Draft. In 89 career games, Holloway has notched nine goals and nine assists.