The Oilers will raise a banner at Rexall Place to honor former coach, general manager and executive Glen Sather.

The ceremony will take place Dec. 11 before a game against the Rangers. Sather, who coached the Oilers to four Stanley Cup championships, is currently Rangers president.

Martin St. Louis announced his retirement Thursday afternoon, hanging up the skates following a prolific 16-year career.

St. Louis finished with 391 goals and 642 assists in 1,134 regular-season games in the National Hockey League. The 40-year-old veteran, an undrafted free agent who had a standout career at the University of Vermont, won a Stanley Cup championship with the Lightning in 2004.