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Oilers' Andrew Ference: Placed on long-term injured reserve

Ference (hip) was designated for long-term injured reserve Friday.

Analysis:

The Oilers have been holding onto this card since the start of training camp, as the team will now be able to maximize the amount of cap savings they receive based on Ference's contract, approximately $3.1 million according to CapFriendly.com. The veteran will likely ride out the year and then retire once his contract expires.

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