Edmonton Oilers Cap Situation

**Edmonton Oilers Salary Cap Update for 2023-24 Season** The Edmonton Oilers have released an updated salary cap table for the 2023-24 NHL season, providing insights into the team's financial status and future roster possibilities. **Key Figures** * Team cap space: $885,313,338 * Upper Limit: $825MM **Entry-Level Contracts** The Oilers have several players currently on entry-level contracts, which carry lower salary cap hits and can be particularly beneficial for teams looking to manage their cap space. These contracts include: * Connor McDavid ($8.35MM) * Leon Draisaitl ($8.5MM) * Evan Bouchard ($810,000) * Philip Broberg ($1.05MM) **Team Cap Projections** Based on the current roster and salary structure, the Oilers are projected to have ample cap space heading into the 2023-24 season. This flexibility gives the team room to make significant additions or re-sign key players from the upcoming free agent market. **Draft Picks** The Oilers currently hold the following draft picks in the upcoming 2023 NHL Entry Draft: * 1st round (#28 overall) * 2nd round (#61 overall) * 4th round (#124 overall) * 5th round (#158 overall) **Conclusion** The Edmonton Oilers' salary cap table update provides valuable information for fans and analysts alike. With significant cap space available and a young core of players on entry-level contracts, the Oilers are well-positioned to make strategic moves that will enhance their roster and aim for a Stanley Cup run in the upcoming season.