Oilers sign Ryan to 2-year, $1.8M contract

The Edmonton Oilers signed veteran forward Derek Ryan to a two-year contract worth $900,000 annually, the team announced Tuesday.

Ryan was due for unrestricted free agency July 1. Nick Bjugstad, Mattias Janmark, and Devin Shore are the remaining pending UFAs on Edmonton's roster.

The Oilers have approximately $5 million in cap space after inking Ryan, according to CapFriendly. Re-signing restricted free-agent defenseman Evan Bouchard is the club's top in-house priority this offseason.

Ryan, 36, appeared in 80 games this season, collecting 13 goals and seven assists while averaging 11:10 per contest. The forward won at least 50% of his draws for the eighth consecutive campaign.

He's been with the Oilers for the past two years following stints with the Carolina Hurricanes and Calgary Flames.