Oilers Raphael Lavoie learned a costly lesson after singing his new deal

His new deal holds a cap hit of $775,000 AAV and it's a two-way deal. He learned a valuable lesson in signing contracts as he signed his qualifying offer rather than a league minimum deal which dropped his AHL salary to $70,000.

Many felt that last season was his season to take his game to the next level as there were spots to fill and lots of opportunities to try to crack the lineup.

But his game never took off and he didn't crack the lineup with the Oilers former GM Ken Holland looking elsewhere including signing Adam Erne and fan favorite Sam Gagner on a PTO to fulfill their depth needs. With Connor Brown sidelined, he had a 6-game trial which led to ice time of 7:00 minutes a game and no points.

With his new extension, he will be looking for another shot at making the lineup which will be crowded as the Oilers continue to load up and reinforce their lines with free agents. One thing is for certain, if he doesn't make the team, he will see a decent pay bump to $200,000 this time around compared to $70,000.