Jeff Skinner signs with Edmonton Oilers after buyout - ESPN

After being bought out by the Buffalo Sabres, a team that has missed the playoffs for 13 straight years, Jeff Skinner signed a one-year deal with the Edmonton Oilers, a team that was a win away from winning the Stanley Cup.

Skinner joins the Oilers after the Sabres bought out the final three years of an eight-year contract that saw him earn $9 million annually. With the Oilers, Skinner will make $3 million for his year of service.

Finding forwards who could contribute at a team-friendly price was the biggest challenge facing the Stanley Cup runners-up entering free agency.

One of the ways the Oilers created additional salary cap space was by buying out goaltender Jack Campbell for the final three years of his deal, which saw him earn $5 million annually.

Edmonton entered free agency Monday with seven unrestricted free agent forwards and the expectation that some of them might go elsewhere, such as Warren Foegele, who signed a three-year deal with the Los Angeles Kings.

The Oilers re-signed two of those seven UFAs — Connor Brown and Corey Perry — to one-year deals worth a combined $2.15 million. They then signed Kings forward Viktor Arvidsson to a two-year deal worth $4 million annually. They also signed defenseman Josh Brown for three years at $1 million annually.

Later in the day, the Oilers also reportedly struck a new deal for Mattias Janmark, with the forward returning on a three-year deal worth $1.45 million annually.

While those signings saw the Oilers address their needs, they left them with less than $1.35 million in cap space at a time when restricted free agents Philip Broberg and Dylan Holloway need new deals that could likely force the club to shed cap space via trade.

By signing Skinner, Edmonton is getting