Edmonton, AB – In a move that has sent ripples throughout the hockey world, Connor McDavid has officially signed a two-year, $25 million contract extension with the Edmonton Oilers. The announcement, made on Monday, puts to rest any speculation about his future and reaffirms his commitment to bringing a Stanley Cup to Edmonton. The contract, which begins in the 2026-27 season, carries an average annual value of $12.5 million, the same as his current contract.
McDavid, who is entering the final year of his existing eight-year, $100 million deal, addressed the media on Tuesday, explaining the rationale behind the short-term extension. "I obviously said I was committed to winning here, and I meant that," McDavid stated. "Two years makes a lot of sense. It gives us a chance to continue chasing down what we've been chasing down here with the core guys we have and we have a little bit of money to work with, too. I think the deal makes sense to both sides".
The Oilers captain emphasized that his decision was driven by a desire to win, rather than maximizing his earnings. "It's about winning, and that's always what I preached, and I think this deal gives both sides what we're looking for," he added. By accepting a contract with an AAV that some consider below market value, McDavid provides the Oilers with increased financial flexibility to bolster their roster and address key needs.
General Manager Stan Bowman confirmed that the $12.5 million AAV was McDavid's suggestion. "It was what Connor wanted; it's not like we made a pitch that he should sign for that amount," Bowman said. He also noted McDavid's understanding of the team's current situation and his willingness to work together to achieve their ultimate goal.
The Oilers have come close to Stanley Cup glory in recent years, falling short against the Florida Panthers in back-to-back Finals. McDavid acknowledged the team's window to compete is now. "There's no secret that with a team that pushes for it every year like we have for the last number of years...we've given up first-round picks and prospects and all that stuff, that we don't have a ton of young guys," McDavid explained. "Two years gives us a chance to play this out. It gives us every opportunity to build something here".
The contract's two-year term also places a degree of pressure on the Oilers organization. With McDavid set to become an unrestricted free agent at the end of the 2027-28 season, the team is firmly on the clock to deliver a championship. Bowman remains optimistic about the team's chances, stating, "We all have the same belief, which is the reason I came here, because I believe we can win. I want to win and that's what motivates me to do this, and I know that's what motivates Connor".
Looking ahead, McDavid's focus remains on the present season and the pursuit of the Stanley Cup. He expressed excitement about the current roster and the opportunity to compete for a title. The Oilers kicked off their season on Wednesday night against the Calgary Flames. Beyond the NHL, McDavid is also expected to play a prominent role in the upcoming Winter Olympics in Italy.
With his contract situation resolved, Connor McDavid has reaffirmed his commitment to the Edmonton Oilers and his unwavering desire to bring a championship to the city. The next two years promise to be a critical period for the Oilers as they strive to capitalize on their Stanley Cup window and fulfill the aspirations of their captain and their fans.
