Oilers extend Draisaitl with $112 million deal in Edmonton

The Edmonton Oilers have secured Leon Draisaitl with an eight-year contract extension valued at $112 million, marking a significant moment in the franchise's history. This deal, which commences in the 2025-26 season, establishes Draisaitl as the player with the highest salary cap hit in NHL history at $14 million per year. General manager Stan Bowman emphasized the importance of Draisaitl's commitment to the team and the city, highlighting his dedication to winning a Stanley Cup for Edmonton. Draisaitl's extension comes after a successful season where he, alongside teammate Connor McDavid, led the Oilers to Game 7 of the Stanley Cup final. His performance has been exceptional, earning him the league's MVP title in 2020. The urgency to secure Draisaitl's contract was a top priority for the Oilers during the offseason, especially with his impending status as an unrestricted free agent next summer. The Oilers' management views this extension as a pivotal step in building a competitive team capable of contending for championships. Draisaitl's presence on the roster not only strengthens the team's offensive capabilities but also serves as a motivational factor for other players and fans alike. Looking ahead, Connor McDavid is also eligible to sign an extension next July, which could further solidify the Oilers' core. The franchise is optimistic about its future, with Draisaitl's commitment being a cornerstone of their strategy to achieve long-term success.