In a move that makes absolutely no financial sense at all, the Oilers have moved to place Eric Gryba on waivers for the purpose of a buyout.
This. Makes. No. Sense.
Gryba was set to make 900K in the final year of his 2 year deal. Had the club opted to keep him in Bakersfield in 2018-19 (which was more than plausible), the club wouldn’t have been on the hook for his cap hit.
Instead, they’re now on for a 300K cap hit for each of the next two seasons.
Grand scheme of things? Not a big deal. When you’re pressed up against the cap and you need to save every cap dollar available? Kind of a big deal. Especially when you still haven’t announced an extension for Darnell Nurse, Ryan Strome, or have any room whatsoever for a pending unrestricted free agent.
I don’t think that Eric Gryba was going to play another game for the Oilers, making this buyout even more puzzling. Why would Chiarelli voluntarily spend valuable cap space when the club is up against the cap wall?
What’s the plan?