Oilers sign Pouliot, Fayne

The Edmonton Oilers went to work early as Tuesday free agency period opened, signing both winger Benoit Pouliot to a five-year deal and Mark Fayne to a four-year deal in the first hour of the market opening.

Pouliot's deal is worth $20 million in total value, while Fayne's comes in at $14.5 million, sources told ESPN.com

Pouliot earned himself a significant raise after a breakout season with the New York Rangers. The 27-year-old winger, who inked a one-year $1.3 million deal with New York last July, had 15 regular-season goals for the Blueshirts and chipped in with five goals and 10 points during the team's run to the Stanley Cup finals.

The 27-year-old Fayne spent the last four seasons with the New Jersey Devils and emerged as one of the top targets in what has been regarded as a thin class of free agent defensemen.

ESPN.com's Pierre LeBrun contributed to this report.