Winners and losers of Connor McDavid's contract extension
No. 97 is sticking with the Oilers through 2027-28 -- with a wide range of downstream impacts around the NHL.
www.espn.comConnor McDavid is currently under contract with the Edmonton Oilers through the 2025-26 season, with extension discussions having been publicized and a new deal ultimately announced in late 2025. The latest widely reported development is that he signed a two-year extension worth about $25 million, which takes effect for the 2026-27 season and runs through 2027-28, keeping him in Edmonton.[1][5]
Key points
- Status: Under contract with Edmonton Oilers beyond the 2025-26 season.
- Terms: Reported two-year extension totaling roughly $25 million (average annual value around $12.5 million) starting 2026-27.[5][1]
- Context: Prior to finalizing the deal, there was notable discussion about whether McDavid would sign an extension or test free agency in 2026; no extension sooner in 2025 was the subject of significant speculation.[2][4]
Illustration
- If you’re tracking this in a timeline, the sequence was: entering the 2025-26 season on a one-year deal, then negotiations culminated in a 2-year extension announced in October 2025, ensuring McDavid remains the Oilers’ core beyond the 2027-28 season.[4][5]
Notes
- There have been occasional alternative proposals and expert speculation about longer or differently structured deals, but the confirmed recent news centers on the two-year extension with an average annual value near $12.5 million.[3][7]
- If you’d like, I can pull the exact contract language, compare this to his prior deals, or map out how this affects Edmonton’s cap outlook for the next few years.
Citations
- Connor McDavid signs two-year extension to stay with Oilers.[1]
- McDavid in ‘no rush' to make decision on new contract with Oilers.[4]
- Connor McDavid, Oilers Agree to 2-Year, $25M Contract Ahead of 2025-26 NHL Season.[3]
- Winners and losers of Connor McDavid's contract extension.[8]