Connor McDavid, the Edmonton Oilers' captain and arguably the best player in the NHL, is approaching the final year of his current contract, an eight-year, $100 million deal signed in 2017. As the 2025-26 season looms, the hockey world is buzzing about his potential contract extension with the Oilers. While it's widely expected that McDavid will extend his stay in Edmonton, the twist lies in the potential structure and length of the new deal.
Instead of the widely anticipated long-term commitment, all signs point toward a shorter, team-friendly extension. Several factors contribute to this surprising turn of events. The NHL's salary cap is a primary consideration. With the upper limit set at $95.5 million for the upcoming season and projections of significant increases in the following years, McDavid could maximize his earning potential by opting for a shorter deal. This would allow him to sign another lucrative contract when the cap rises further, potentially after a new Collective Bargaining Agreement (CBA) is in place.
According to NHL insider Frank Seravalli, contract talks between McDavid and the Oilers have been deliberately slow, with the pace dictated by McDavid himself. No numbers have been exchanged yet, and both sides appear relaxed, suggesting that McDavid is carefully considering his options. Seravalli has also quelled any panic among Oilers fans, stating that the moment McDavid decides he wants an extension, it will happen quickly.
The expected annual value of this short-term deal is estimated to be in the $16 million to $17.5 million range, making McDavid the highest-paid player in the league. While this is a substantial increase from his current $12.5 million average annual value, it's a figure that the Oilers can manage, especially with the anticipated rise in the salary cap.
Another factor influencing McDavid's decision is the upcoming 2026 Winter Olympics. McDavid has been invited to Team Canada's orientation camp in late August. An announcement of his contract extension could coincide with or immediately follow this camp, allowing him to focus on representing his country without the distraction of ongoing contract negotiations.
It's important to note that this offseason marks the Oilers' last opportunity to sign McDavid to an eight-year extension, because the new CBA will prevent teams from signing players for longer than seven years. However, McDavid's reluctance to commit to a max-term deal makes this a non-issue. A shorter commitment provides McDavid with flexibility and allows him to reassess his future with the Oilers in a few years. By then, he'll have a better understanding of the team's long-term competitiveness and his own personal goals.
In essence, the twist behind McDavid's expected team-friendly extension lies in a combination of strategic financial planning, the evolving NHL landscape, and McDavid's desire to maintain control over his future. While Oilers fans might have initially hoped for a long-term commitment, a shorter deal could ultimately benefit both the player and the team, paving the way for continued success in Edmonton.
