The Edmonton Oilers have made headlines with a landmark deal, announcing on Tuesday that they have signed star forward Leon Draisaitl to an unprecedented eight-year extension worth $112 million. This contract, set to commence in the 2025-26 season, features an average annual value of $14 million, surpassing the previous NHL record held by Toronto Maple Leafs captain Auston Matthews at $13.25 million.
Setting the Bar High
Draisaitl’s new contract marks a significant financial commitment from the Oilers, reflecting his status as one of the league’s premier players. Currently, Connor McDavid, his dynamic teammate, carries a $12.5 million cap hit. As McDavid’s contract approaches its end after the 2025-26 season, it’s anticipated that he might surpass Draisaitl’s salary.
Elite Performance
Draisaitl’s value is underscored by his consistent elite performance since his breakout season in 2015-16. The former No. 3 overall pick has seen his game elevate notably over the past six seasons, ranking among the top players in several key offensive categories since the 2018-19 season:
- Goals: 272 (2nd)
- Assists: 371 (3rd)
- Points: 643 (2nd)
- Power Play Goals: 124 (1st)
- Power Play Points: 247 (2nd)
His 124 power play goals lead the league by a substantial margin, with a 40-goal advantage over the next closest player, Steven Stamkos. Draisaitl’s precision in scoring from challenging angles has solidified his reputation as a formidable force on the power play.
Looking Ahead
With Draisaitl secured for the long term, the Oilers can now turn their attention to capturing a Stanley Cup, a goal that eluded them despite a strong performance in the 2023-24 season. Draisaitl played a pivotal role in Edmonton’s playoff run, contributing 10 goals and 21 assists. The team, however, fell short in the Stanley Cup Final against the Florida Panthers in Game 7.
Looking ahead, the Oilers have bolstered their roster with key additions like Jeff Skinner and Viktor Arvidsson, setting the stage for another ambitious campaign. With Draisaitl leading the charge, the Oilers are poised for future success.
