The Edmonton Journal reports the Oilers may be willing to give as much as $9 million per year on a long-term deal.
One player the Penguins are likely to lock up is Evgeni Malkin, who has one-year remaining on his current contract.
Malkin is expected to sign an extension this week and reports out of Pittsburgh suggest is could be a five-year deal worth $8.5 million per season.
Meanwhile, defenseman Brooks Orpik could receive offers worth up to $4 million per year, which the Post-Gazette suggests is out of the Penguins' price range.
Penguins GM Ray Shero is trying to re-sign free agents Jarkko Ruutu, Pascal Dupuis and Adam Hall.
The Post-Gazette also reports the Penguins are expected to work out a new contract for center Jordan Staal this summer.
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