The Edmonton Oilers signed 24-year-old goaltender Connor Ungar to a one-year, two-way contract on Thursday [1, 2, 4].

The signing ensures the team retains a top-performing prospect who has demonstrated stability in the minor leagues. This move addresses the Oilers' need for reliable goaltending depth as they manage their roster for the upcoming season [1, 5].

Under the terms of the agreement, Ungar will earn $850,000 at the NHL level [2, 4]. The two-way nature of the contract allows the team to move the player between the NHL and the American Hockey League (AHL) based on performance and team needs [4].

Ungar enters the organization after a season split between three ECHL teams and the AHL's Bakersfield Condors [1, 5]. During his tenure with the Condors, he appeared in 13 games [1]. He posted a record of 9-2-2 during those appearances [1].

His statistical performance in the AHL was marked by a 2.51 goals-against average [1]. He also maintained a .923 save percentage [1]. These figures highlight his ability to compete at a high level before securing this professional contract.

Reports said the contract was finalized this week [2, 4]. The Oilers' decision to sign the young goaltender prevents the prospect from entering free agency and allows the club to continue monitoring his development within their own system [5].

The contract will pay the 24-year-old goaltender $850,000 at the NHL level.

By securing Ungar on a two-way deal, the Oilers are mitigating the risk of losing a high-ceiling prospect while maintaining salary cap flexibility. His strong save percentage and win-loss record in the AHL suggest he is nearing readiness for a backup role in the NHL, providing the team with a low-cost insurance policy in the goaltending position.