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Oilers sign Penner to five-year, $21.25M offer sheet

Updated: July 26, 2007, 8:15 PM ET
Associated Press

EDMONTON, Alberta -- The Edmonton Oilers have signed Anaheim Ducks forward Dustin Penner to a five-year, $21.25 million offer sheet on Thursday.

The deal is for $4.25 million per season, a huge raise over the league minimum $450,000 Penner earned last season in the last year of his entry-level contract.

The Ducks have seven days to match the offer. Should they decide not to match, the Ducks would receive one first-round draft pick, a second-round pick and a third-round pick from the ...

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