The Edmonton Oilers avoided Thursday's arbitration hearing by re-signing speedy center/left wing Todd Marchant to a two-year contract.
The 25-year-old Marchant had 14 goals and 21 assists in 76 games for the Oilers last season and has 60 goals and 74 assists in 285 NHL games with the Oilers and New York Rangers.
"My wife and I love it in Edmonton, and I really would like to play my whole career there," said Marchant, a native of Buffalo, New York. "The team has fantastic chemistry right now, and I want to be a part of the success I know is on the horizon."
Marchant's explosive speed makes him one of the league's best penalty-killers and a constant breakaway threat. He was acquired from the Rangers for Craig MacTavish in 1994 and is best known for scoring the series-winning overtime goal in Game 7 against the favored Dallas Stars in the first round of the 1997 playoffs.
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