Oilers ink Campbell to 5-year pact with $5M AAV

The Edmonton Oilers landed goaltender Jack Campbell on a five-year contract carrying an average annual value of $5 million, the team announced Wednesday.

Campbell spent the last two-plus seasons with the Toronto Maple Leafs, who made him an offer early in 2021-22 but didn't make another after that, according to ESPN's Emily Kaplan.

The Oilers were highly in need of reinforcements in the crease this offseason after Mikko Koskinen went back to Europe, while Mike Smith's future remains uncertain. General manager Ken Holland said Wednesday he doesn't expect the veteran netminder to play again due to a collection of injuries.

Campbell had a roller coaster contract year in Toronto, earning an All-Star Game appearance for a stellar first half before injuries and inconsistency marred his stretch run. From Jan. 1 onward, Campbell posted an .893 save percentage in 26 appearances. All told, the 30-year-old finished the campaign with a 31-9-6 record, five shutouts, and a .914 save percentage.

Campbell had an .897 clip in Toronto's first-round loss to the Tampa Bay Lightning.

Edmonton has been busy in the early stages of free agency, already re-signing forward Evander Kane to a multi-year contract before reeling in Campbell.