The $4.25 million per season Penner is a great deal over the league minimum $450,000 that he earned last season in the last year of his entry-level contract.

If over the next week days the Anaheim Ducks decide not to match the offer, they would receive one first-round draft pick, a second-round pick and a third-round pick from the Oilers.

Penner’s extension will push the holders of the Stanley Cup’s salary cap from an actual $48 million over the $50.3 million maximum, a surplus still allowed until the 10% over the salary cap expires on October 1st.

"We're going to wait and see what happens here in the next seven days before we make a comment,'' Penner's agent Gerry Johannson said.

This is Oilers’ second attempt of this sort after early this month they have gone after restricted free agent Thomas Vanek of the Buffalo Sabres, but failed to sign the Austrian as the Sabres matched their seven-year, $50 million offer.

Penner was never drafted. He was discovered and signed as a free agent by the then Mighty Ducks of Anaheim, after he played for the University of Maine in the NCAA. Penner is most known for his long struggle in minor hockey, and his unlikely rise from being unknown to making the NHL and winning the Stanley Cup.

Dustin Penner played 19 games for the Mighty Ducks In his first season as a pro, the 2005-06 NHL Season he amounted 4 goals, 3 assists and 7 points in total. But, he was sent down to play for the Ducks' current minor affiliate, the Portland Pirates, on and off during the regular season.

He was sent back and forth from the minors to the NHL, until finally being recalled to join Anaheim in their Stanley Cup efforts. Penner scored three goals, six assists, and nine points in the 2006 Stanley Cup Playoffs until Anaheim was eliminated by the Edmonton Oilers in the Stanley Cup Conference Finals.

The 2006-07 NHL Season was Penner’s breakout year. He remained on the roster of the newly-named Anaheim Ducks for the entire season, scoring 29 goals, 16 assists, and 45 points. He scored the second most goals on the team, only trailing superstar Teemu Selanne.

The playoffs started out well for Penner when he scored the game-winning goal in game 1 of the Western Conference Quarterfinals against the Minnesota Wild in the 2007 NHL Playoffs.

Penner also scored the game-winning goal in game 4 of the 2007 Stanley Cup Finals in a 3-2 victory against the Ottawa Senators to give Anaheim a 3-1 series lead. On June 6, 2007, Penner and the Ducks defeated the Senators 6-2 to win the Stanley Cup.