What happened: The Edmonton Oilers confirmed a one-year term [Wednesday](https://www.nhl.com/oilers/news/release-oilers-sign-alex-formenton-to-one-year-contract). The salary structure adds detail to the signing announced earlier.

Why it matters: A one-way contract pays the same salary in the NHL and minors. It does not guarantee an NHL roster spot.

What to watch: Watch where he fits in Edmonton's roster plans for 2026-27.