Connor McDavid's next contract with the Edmonton Oilers has the potential to reshape the landscape of the NHL, influencing everything from salary structures to team competitiveness. As he approaches unrestricted free agency in 2026, the hockey world is watching closely to see what kind of deal he will sign and the impact it will have on the league.
McDavid is currently playing out an eight-year, $100 million contract with a $12.5 million cap hit. He has been eligible to sign an extension since July 1, 2025. Oilers General Manager Stan Bowman has expressed confidence in McDavid's commitment to winning in Edmonton. However, McDavid has stated he is in no rush to sign a new contract, emphasizing that the decision needs to "feel right". As training camp gets underway, McDavid says there is nothing new to report regarding his contract situation.
One of the most intriguing possibilities is that McDavid might sign for less than his maximum value. Insider Elliotte Friedman has suggested McDavid is aware of the Oilers' salary structure, with Leon Draisaitl at $14 million and Darnell Nurse at $9.25 million, and may not want to create too large a gap. By not chasing the highest possible salary, McDavid could allow the Oilers to maintain a stronger, more competitive roster around him. This approach could set a new precedent for NHL superstars, prioritizing team success over individual earnings.
The NHL's general managers are closely monitoring McDavid's negotiations, hoping his next contract will come in lower than expected, potentially tempering salary demands across the league. A lower contract could influence how other star players, such as Kirill Kaprizov, Jack Eichel and Kyle Connor approach free agency. However, the Players' Association is likely wary of a discount deal that could set a negative precedent.
The rising salary cap also adds another layer of complexity to the negotiations. With the cap expected to increase to $104 million in 2026-27 and $113 million in 2027-28, McDavid and other stars might be hesitant to sign long-term deals now, wanting to capitalize on the higher percentages of the cap in the future.
If McDavid does not sign an extension, the Oilers face the risk of him leaving as a free agent in 2026. This uncertainty could discourage other high-profile players from signing with the Oilers, impacting the team's ability to recruit talent. Potential destinations if McDavid were to leave Edmonton include his hometown Toronto Maple Leafs and the New York Rangers.
Ultimately, Connor McDavid's next contract will have far-reaching consequences. Whether he signs a record-breaking deal or takes a team-friendly discount, his decision will impact the Oilers' future and influence the NHL's financial landscape for years to come.
