Struggling Edmonton Oilers fire GM Peter Chiarelli

A brief history of teams trading away recent top-five picks and the five ways it can work out

A brief history of teams trading away recent top-five picks and the five ways it can work out

In light of this, the Oilers fired GM Peter Chiarelli on Tuesday night after three-and-a-half years with the team.

Oilers CEO Bob Nicholson held a press conference as said, "I want to emphasize again, we got some real good players". Nicholson said at a news conference in Edmonton that Keith Gretzky will assume GM responsibilities for the time being, including the point role ahead of the February 25 trade deadline. However, the Edmonton Oilers have continued to flounder for the past two seasons, despite outstanding play from the young star.

The loss pushed Edmonton three points out of a playoff spot. After Chiarelli joined the organization in 2015, the Oilers made just one playoff appearance (2017).

Nicholson says Chiarelli was disappointed by the news, but not surprised. He previously worked with Chiarelli for the Bruins as the director of amateur scouting. Peter Chiarelli was the president and GM of this hockey team.

If somebody in the organization figured that signing Mikko Koskinen to a $13.5 million United States three-year extension Monday would stop the latest skid or change the conversation, it didn't happen.

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In his 25.6 minutes per game with NY this season he is averaging 14.0 points, 10.5 rebounds, and 1.9 assists. The Knicks also made a decision to keep Jordan, despite suggestions that the veteran would be bought out.

Nicholson stressed that the firing does not signal the season is lost, that the team is launching a full-scale rebuild, or that the Oilers will pull the trigger on a panic trade for short-term benefit. Hall won the Hart Trophy with the Devils a year ago.

Add in the $6 million a year he signed Milan Lucic to that still has four and a half years to run and several other salaries that have left his successor with handcuffs and even his recent trade for Brandon Manning, the worst player on the ice Tuesday.

"We're not going to trade any of our assets away for a quick fix". He also traded away dependable scorer Jordan Eberle for what ultimately became Ryan Spooner, who was put on waivers this week.

The Oilers are headed into the All-Star break with nine losses in the past 11 home games. Nicholson said the decision to extend Koskinen's contract was made by the leadership group as a whole, not just by Chiarelli. They knew the team was going to be drafting a generational talent in Connor Mcdavid that June, and now they have a guy who has won a Stanley Cup and had a reputation as one of the most respected General Managers in hockey in charge of building the supporting cast.

Incredibly he remained and signed Koskinen to a $13.5 million three-year extension Monday.

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