The Edmonton Oilers have traded forward Milan Lucic and a conditional third-round pick in 2020 to the Calgary Flames for forward James Neal.
The Oilers will retain 12.5 per cent of Lucic's $6 million salary, worth $750,000.
Lucic scored six goals and tallied 20 points in 79 regular season games with the Oilers this past season. Edmonton missed the playoffs for the second consecutive year.
The 31-year old Neal scored seven goals and had 19 points in 63 games for the Flames this past season.
Lucic, also 31, was drafted by the Boston Bruins 50th overall in the second round of the 2006 NHL Draft. He became a regular in the Bruins lineup in 2007-08.
In 2010-11 Lucic posted a career-high 30 goals and 62 points in 79 games along with five goals and 12 points in 25 playoff games on his way to winning the Stanley Cup with Boston.
The Vancouver, BC native has 198 goals and 501 points in 890 career NHL games. In 114 career playoff games, Lucic has 28 goals and 70 points.
Lucic is entering the fourth season of a seven-year, $42 million contract and carries a $6 million cap hit per season.
A native of Whitby, Ont., Neal was originally selected in the second round (33rd overall) in the 2005 NHL draft by the Dallas Stars.
He is entering the second year of a five-year, $28.75 million contract he signed with the Flames as a free agent in 2018.
The Canadian forward has 514 points in 766 NHL games with the Stars, Pittsburgh Penguins, Nashville Predators, Vegas Golden Knights and Flames.