McDavid signs two-year, $25M extension with Oilers through 2027-28

Edmonton Oilers captain Connor McDavid signed a two-year, US$25 million contract extension with the team on Monday, keeping him under contract through the 2027-28 season and preserving an average annual value of $12.5 million. The deal, announced ahead of Edmonton's season opener, maintains McDavid's current salary rather than increasing it and was finalized before the regular season to remove a potential distraction for the club.

McDavid, 28, said the short-term deal reflects his desire to remain in Edmonton while maximizing the team's chance to win a Stanley Cup. "I said I was committed to winning here, and I meant that," he told reporters. He added that two years "makes a lot of sense" to continue pursuing a title with the core players and to give the organization some salary flexibility. General Manager Stan Bowman said the contract terms were put forward by McDavid.

Coaching staff welcomed the resolution. Head coach Kris Knoblauch praised McDavid's decision as another example of his leadership and said settling the captain's contract before the opener helps the team focus on hockey. McDavid cited avoiding disruption to teammates and staff as a factor in finalizing the deal.