April 19 2013; Denver, CO, USA; Edmonton Oilers center Shawn Horcoff (10) reacts during the third period of the game against the Colorado Avalanche at the Pepsi Center. The Edmonton Oilers defeated the Colorado Avalanche 4-1. Mandatory Credit: Ron Chenoy-USA TODAY Sports
The Oilers captain has 2 years and $7M owing on his contract that kicked in for the 2009-10 season. His $4.62M buyout would clear $5.5M in cap space for the Oilers
While the Oilers would prefer to trade the contract, there might not be many takers for the aging veteran who was overpaid even for the pre-lockout era.