Blues trade David Perron to Edmonton for Magnus Paajarvi and a pick

The David Perron trade rumors have come to fruition. The St. Louis Blues have dealt Perron to the Edmonton Oilers in exchange for Magnus Paajarvi and a second-round pick in the 2014 NHL Draft, as reported by the team's official site.  

The move will clear Perron's $3.812 million cap hit off the books and give the Blues more room to try and sign Alex Pietrangelo, Chris Stewart and Jake Allen to new contracts. The Blues will have to sign Paajarvi to a new contract, but his cost should be significantly lower than Perron's. 

Before diving too far into salary cap numbers, let's take a look at the player coming to St. Louis. 

Paajarvi, a Swedish skater, was Edmonton's first pick (10th overall) in the 2009 NHL Draft. He made his NHL debut in 2010-11, appearing in 80 games while scoring 15 goals and adding 19 assists. The dreaded sophomore slump appeared in Paajarvi's second year. The youngster scored just eight points in 41 games and was sent down to the minors. Paajarvi reclaimed his role in the NHL last season, scoring 16 points in 42 games. 

This is a solid move for both teams. Both players should benefit from a change of scenery after failing to live up to expectations. The Oilers aren't acquiring the power forward they need, but by adding Perron they help round out an already talented offense. The Blues exchange Perron's cap hit (just over $3.8 million) for Paajarvi's smaller cap hit (was $1.525 million, should be in the same ballpark under a new contract). By shedding some salary, the Blues should have an easier time signing Pietrangelo, Stewart and Allen. While clearing some cap space, the Blues receive an interesting asset in Paajarvi and a decent pick in next year's draft. 

Perron heads to the Oilers after spending six years and 340 games with the Blues. Over that time he scored 84 goals and 114 assists.