An ex-Edmonton Oilers defenceman has cashed in with the St. Louis Blues.

It’s only been a season and a half since Philip Broberg left the Oilers to sign an offer sheet with the Blues, but that’s all the time it took for St. Louis to hand him the bag. At the time of the offer sheets, back in the summer of 2024, it seemed like a bit of an overpay for the Blues to give Broberg a two-year deal that carried a $4.5 million cap hit.

The former Oilers first-round pick had only played 81 NHL games when he inked that deal and hadn’t lived up to his high draft billing. Edmonton opted not to match the contract, allowing the Swedish defender to move on to a new team.

After 113 games in St. Louis, it seems like he has hit that next level in the eyes of Blues management, who re-signed Broberg over the weekend to a massive six-year, $48 million contract that carries a $8 million cap hit.

6 MORE YEARS OF PHILIP BROBERG!

DETAILS ➡️ https://t.co/N92LUvyIay pic.twitter.com/iInVIe2EMM

— St. Louis Blues (@StLouisBlues) January 10, 2026

Once the contract kicks in at the start of next season, this will make Broberg the highest-paid defender and tied for the third-highest cap hit on the Blues. His $8 million cap hit would rank fifth on the Oilers behind Leon Draisaitl ($14 million), Connor McDavid ($12.5 million), Evan Bouchard ($10.5 million), and Darnell Nurse ($9.25 million).

Broberg has elevated his game since leaving the Oilers. He leads St. Louis with an average of 22:49 minutes of ice time per game and has started to become an offensive threat as well. The Swede set career-highs in goals (8), assists (21), and points (29) last season while also blossoming into a very good defensive player.

His underlying analytics are also fantastic despite being on an underperforming St. Louis squad. According to JFresh’s analytics model, Broberg has developed into an exceptional top-pairing defenceman since leaving the Oilers.

Philip Broberg, extended 6x$8M by STL, is a puck-moving two-way defenceman who’s been superb since joining the Blues. A versatile and effective transition player due to his wheels, passing ability, and vision. Poised with the puck and an aggressive defender without it. #STLBlues pic.twitter.com/wf1rhHPG9o

— JFresh (@JFreshHockey) January 10, 2026

It’s quite the leap in pay from what many Oilers fans might have expected for Broberg. The Oilers were millions of dollars apart on the initial offer sheet total, and this new contract will nearly double that number.

Edmonton opted to instead invest in bringing in a more veteran option in Jake Walman at last year’s trade deadline, who recently inked a seven-year deal that carries a $7 million cap hit.

Though the former Oilers defenceman will be thrilled with the extension, things didn’t exactly go as planned in his first game after signing on the dotted line. Broberg was forced to leave Saturday night’s game against the Vegas Golden Knights after getting injured on a hit by Mark Stone.

Freshly recorded for ya lol pic.twitter.com/W1Sxgrb5Ke

— Ben Gallin (@gallin_ben) January 11, 2026

The contract also adds a bit more salt in the wound for Edmonton fans, as Broberg recently beat out Mattias Ekholm for a spot on Sweden’s Olympic roster.

Only time will tell if that was a good decision for the Oilers, or if they maybe should have matched that original offer sheet.