McDavid signs a two-year, $25M extension with Edmonton, keeping a $12.5M cap hit through 2028 and locking in elite production while the Oilers chase a Cup.

Kaprizov’s $136M eight-year pact with Minnesota is cited as a contrasting ceiling for mega deals; Edmonton prioritizes a tight, Cup-focused window.

For fantasy managers, the deal stabilizes McDavid’s output and tightens the Oilers’ cap constraints, shaping keeper and trade targets for the next two seasons.

Connor McDavid signed a two year extension with the Edmonton Oilers worth 25 million total and 12.5 million per season, keeping the star center under contract through at least the 2027-28 window. The deal preserves his 12.5 million cap hit while extending his tenure in Edmonton after he was nearing free agency following the 2025-26 season. Edmonton opens 2025-26 vs Calgary with McDavid locked in for the near term, signaling stability as the team pursues a deep playoff run.

Market context shows McDavid joining a crowded top earners list by cap hit, with Draisaitl at 14M and Matthews at 13.25M among the league leaders. The largest NHL contracts all time are Kirill Kaprizov at 136M over eight years and Ovechkin at 124M over 13 years, underscoring McDavid’s position among the truly elite players even as the Oilers negotiate long term. The extension comes after reported talks from well respected insiders and caps off a narrative of Edmonton prioritizing McDavid as the franchise cornerstone.

Fantasy impact centers on McDavid’s continued supremacy and the Oilers’ ability to build around him. With McDavid and Draisaitl anchored, Edmonton remains a favorable environment for big point outputs, while the two year frame keeps options flexible for future roster moves. Expect McDavid to drive Shooting and Points upside while the Oilers manage cap flexibility for supporting pieces around him.