Hemsky, who is set to become an unrestricted free agent this summer, has been looking to sign a long-term contract extension in Edmonton.
However, Oilers GM Steve Tambellini would likely give him another two years at $5 million per season as the Oilers know they'll have to dig deep to offer more lucrative second contracts to young talents Taylor Hall and Jordan Eberle in 2013 and rookie Ryan Nugent-Hopkins in 2014 when their entry-level deals expire.
While Tambellini has spoken to Hemsky's agent, Jri Crha, and is aware of what it'll cost to bring the winger back, the Oilers are likely to wait until they find out where Columbus Blue Jackets forward Rick Nash is dealt, if he goes anywhere at all, to decide if they move Hemsky.
The 28-year-old, who has posted five goals and 21 assists for 26 points in 47 games with the Oilers this season, is expected to become more valuable on trade deadline day.
More Trade Deadline Info
List of Trades
| No-Trade/No-Movement Clauses
| Top 25 Available Players
| Team-by-Team Cap Info