Oilers’ Leon Draisaitl signs historic $112 million contract extension

Leon Draisaitl has signed a massive contract extension with the Edmonton Oilers, the team announced via X (formerly Twitter).

“ LEON’S LOCKED IN ,” the Oilers’ post read.

“The #Oilers have signed forward Leon Draisaitl to an eight-year contract extension beginning in 2025-26 with an average annual value of $14 million.”

This new contract with Draisaitl guarantees Edmonton a longer commitment from one of the best offensive players in the NHL of this generation.

In the 2023-24 NHL season, Draisatil recorded 106 points on the strength of 41 goals and 106 assists for an Edmonton squad that went all the way to the Stanley Cup Final.

With an average annual value of $14 million, Draisaitl is now the highest-paid player in the NHL, as he surpasses Toronto Maple Leafs center Auston Matthews’ cap hit of $13.25 million. Draisaitl’s AAV also bests Colorado Avalanche star and reigning NHL Most Valuable Player Nathan MacKinnon’s annual hit of $12.6 million. Draisaitl’s teammate, Connor McDavid has an AAV of $12.5 million.

In addition, Draisaitl’s newest contract only trails Washington Capitals superstar Alex Ovechkin’s $124 million deal for the biggest ever in the history of the league.

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