Leon Draisaitl has signed an eight-year contract extension with the Edmonton Oilers, worth $112 million, which features an average annual value of $14 million, making it the highest salary cap hit in NHL history. This deal ensures Draisaitl, a critical player who helped the Oilers reach the Stanley Cup Final, will remain with the team until 2033, alleviating concerns about his potential free agency next summer. General manager Stan Bowman emphasized Draisaitl's commitment to the franchise and its fans, highlighting his desire to secure a Stanley Cup for Edmonton. Draisaitl's impressive performance includes 106 points last season and a significant playoff contribution of 31 points. The Oilers now turn their focus to re-signing captain Connor McDavid, who will also be a free agent in the near future. Draisaitl's new contract reflects the growing financial landscape of the NHL, with the salary cap expected to rise in the coming years.