Leon Draisaitl Signs Eight-Year Extension with Oilers

The Edmonton Oilers have secured Leon Draisaitl with an eight-year contract extension worth $112 million, making it the highest average annual value in NHL history at $14 million. This deal ensures Draisaitl, a key player alongside Connor McDavid, will remain with the team until 2033, significantly bolstering the Oilers' roster as they aim for a Stanley Cup. Draisaitl's extension also raises expectations for McDavid's future, with indications that he may follow suit when eligible for an extension next year. The New York Rangers, monitoring Draisaitl's contract for insights into their own superstar Igor Shesterkin's impending negotiations, see parallels in their situations. The Toronto Maple Leafs can now proceed with their efforts to re-sign Mitch Marner, as Draisaitl's signing removes a potential negotiating obstacle. Overall, this extension is viewed as a pivotal moment for the Oilers, solidifying their core players as they strive for championship success.