Draisaitl, Oilers Agree on Historic $8.5M AAV Extension: Spotrac

Edmonton's Superstar Signs Long-Term Deal

8-Year, $70 Million Contract

Leon Draisaitl and the Edmonton Oilers have agreed to an eight-year, $70 million contract extension with an average annual value (AAV) of $8.5 million, according to Spotrac.

The deal is the largest in Oilers history and makes Draisaitl one of the highest-paid players in the NHL.

Draisaitl, 27, is a two-time Art Ross Trophy winner and was named the NHL's most valuable player in 2020.

He is coming off a season in which he led the Oilers in scoring with 55 goals and 55 assists in 82 games.

The extension will keep Draisaitl in Edmonton through the 2030-31 season.

Key Stats

• 8-year, $70 million contract
• $8.5 million AAV
• Largest contract in Oilers history
• Two-time Art Ross Trophy winner
• NHL MVP in 2020
• Led Oilers in scoring in 2022-23 with 55 goals and 55 assists

Benefits for Both Sides

The extension is a major win for both Draisaitl and the Oilers.

Draisaitl gets a long-term deal with a high AAV that reflects his status as one of the NHL's best players.

The Oilers get to keep their franchise player and build around him for the next decade.

Conclusion

The Draisaitl extension is a significant event for the Oilers and the NHL.

It shows that the Oilers are committed to winning and that they believe Draisaitl is the cornerstone of their franchise.

It also sets a new benchmark for contracts for elite NHL players.