The Edmonton Oilers have re-signed defenseman Evan Bouchard to a four-year, $42 million contract extension, carrying an average annual value (AAV) of $10.5 million. The deal, confirmed on Monday, June 30, 2025, keeps the offensive defenseman in Edmonton through the 2028-29 season.

While securing Bouchard, a cornerstone of their blue line, is a significant move for the Oilers, the contract's term and cap hit have sparked debate among fans and analysts.

The Contract Details

Bouchard's new contract will pay him $10.5 million per year for the next four years. This AAV makes him the fourth-highest-paid defenseman in the NHL, behind Erik Karlsson, Drew Doughty, and Rasmus Dahlin. The deal will see Bouchard become an unrestricted free agent (UFA) at 29.

Why the Controversy?

The primary point of contention revolves around the contract's four-year term. Many expected Bouchard, who was set to become a restricted free agent (RFA), to sign a longer-term deal with the Oilers. Some reports suggested he was projected to sign a max contract worth $87 million over eight years, with an annual cap hit just short of $10.9 million. A shorter term takes him directly to unrestricted free agency.

Here's a breakdown of the arguments:

• Leaving Money on the Table: A four-year deal means Bouchard could potentially earn more in unrestricted free agency in 2029, when the salary cap is projected to be significantly higher. Some believe he's betting on himself to continue improving and cash in on an even bigger contract then.
• Oilers' Cap Flexibility: While the $10.5 million cap hit is substantial, a shorter term gives the Oilers more flexibility in the long run. They avoid being locked into a potentially overpaid contract if Bouchard's performance declines.
• Potential for a "Bargain" Later: With the salary cap expected to rise, Bouchard's $10.5 million AAV could look like a bargain in a few years. However, this relies on the cap rising significantly and Bouchard maintaining his high level of play.
• Walking into UFA: The four-year term walks Bouchard directly into unrestricted free agency. At that point, the cap will have risen well beyond $120 million and he could be a $15 million player. This feels like the Oilers paid full price here and didn't get any team-friendly discount.

Frank Seravalli reported that the “price to get to eight years was a stretch Edmonton couldn't commit to at this juncture."

Bouchard's Value to the Oilers

Despite the debate over the contract, there's no question that Bouchard is a vital player for the Oilers. Drafted 10th overall in 2018, he has developed into one of the league's premier offensive defensemen.

• Offensive Prowess: Bouchard is known for his booming shot ("Bouch Bomb") and exceptional puck-moving abilities. He has consistently produced high point totals, including an 82-point season in 2023-24.
• Playoff Performer: Bouchard has elevated his game in the playoffs, setting records for assists by a defenseman. His playoff performance has solidified his reputation as an elite offensive defenseman.
• Power Play Specialist: Bouchard quarterbacks the Oilers' top power-play unit, contributing significantly to their success.

The Oilers' Cap Situation

With Bouchard's extension, the Oilers have limited cap space remaining. They'll need to make strategic decisions in free agency to address other roster needs, such as finding a winger for Leon Draisaitl and potentially upgrading their goaltending. As it stands, they'll have $550,000 in cap room after Bouchard's contract becomes official.

Conclusion

The Oilers' decision to sign Evan Bouchard to a four-year extension is a calculated risk. While the AAV reflects his value as a top offensive defenseman, the short term has raised questions about long-term cap management and Bouchard's future in Edmonton. Only time will tell if this contract proves to be a win-win for both the player and the team.