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10m ago

Connor McDavid Signs Two-Year, $25 Million Oilers Extension

The team-friendly bridge preserves his leverage for 2028 free agency.

Connor McDavid #97 of the Edmonton Oilers looks on against the Florida Panthers during the first period in Game Two of the 2025 Stanley Cup Final at Rogers Place on June 06, 2025 in Edmonton, Alberta. (Photo by Steph Chambers/Getty Images)
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The Florida Panthers pose with the Stanley Cup after defeating the Edmonton Oilers in Game 6 of the Stanley Cup final in Sunrise, Fla., on Tuesday, June 17, 2025. (AP Photo/Lynne Sladky)
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Overview

  • The extension carries a $12.5 million average annual value, matching his current cap hit, and was confirmed by his post reading "Our journey here continues."
  • The pact covers the 2026-27 and 2027-28 seasons, keeping the captain in Edmonton through 2027-28 when combined with the final year of his existing deal.
  • Multiple outlets characterize the short term as a team-friendly bridge in contrast to a rising cap and Kirill Kaprizov’s $17 million AAV benchmark.
  • The agreement removes the Oilers’ biggest preseason uncertainty and intensifies pressure on management to upgrade the roster, with goaltending frequently cited as a priority.
  • With the NHL cap projected to reach $104 million in 2026-27 and $113.5 million in 2027-28, McDavid would hit unrestricted free agency at 31 with significant market leverage.