The team announced that they signed the 25-year-old to a three-year contract that will carry a $2,137,500 cap hit. He’s generally listed at 6-foot-7, which is just a couple inches shorter than Zdeno Chara.
(It only seems fair that he was frequently called upon to drop the mitts once he arrived from Dallas then, right?)
In a vacuum, it’s an inoffensive contract, although some will grimace a bit at giving three years to a potential depth defenseman. Your overall opinion of the big blueliner will vary depending upon how you value what he brings to the table. His size is valued by many, and he didn’t take on too much water from a possession standpoint.
There’s little denying that he enjoyed something of a career rejuvenation in Pittsburgh, echoing Trevor Daley and Justin Schultz, even though his gritty style makes him quite different from those fleet-footed defensemen. After averaging just 15 minutes per game with the Stars, Oleksiak’s ice time shot up to an average of 17:24 in 41 contests with Pittsburgh.
That ice time plummeted during the postseason, as he only logged an average of 13:43 per contest.
We’ve seen teams get burned by handing an extension to a defenseman who thrived during a brief audition, such as Brendan Smith‘s disastrous turn with the Rangers, although the Penguins didn’t shell out as large of a cap hit here.
The larger concern might be that the Penguins could be guilty of a mistake a lot of contenders fall victim of: locking up a lot of depth players when it might be wiser to allow more room to scour the market for cheaper options in the bottom of the order. On the other hand, maybe Oleksiak will end up being another successful reclamation project in Pittsburgh?
Either way, the Penguins are locked in with quite a few defensemen, so substantial commitments abound.
Signed-through dates for Penguins defensemen:
— Jason Mackey (@JMackeyPG) July 12, 2018
It’s a pricey group, too. Via Cap Friendly’s estimates, the Penguins are spending almost $27M on seven defensemen: Oleksiak, Schultz, Kris Letang, Jack Johnson, Brian Dumoulin, Olli Maatta, and Chad Ruhwedel.
For some, that’s the price of doing business for a team not far removed from back-to-back Stanley Cup victories.
Others will blanche at the thought that, at times, the Penguins overcome this group, rather than being propped up by it. Those critics surely won’t be over the moon about some of their recent commitments, especially oft-criticized Jack Johnson carrying a $3.25M cap hit mere months after the Blue Jackets couldn’t give him away during the trade deadline.
There are some red flags going on with that unit, and maybe the Oleksiak signing will be looked upon as a mistake.
Ultimately, it’s not the sort of decision that will derail the Penguins’ hopes for contending now and in the future. The worry, though, is that the mistakes might start to really pile up for the Pens. After all, flexibility can be crucial in the modern NHL, and GM Jim Rutherford risks painting himself into a corner.