Connor McDavid signed a two-year, $25 million extension with the Edmonton Oilers on April 28, 2026, in Edmonton, Alberta. This strategic move aims to facilitate a potential trade while maximizing the team’s leverage.
McDavid’s annual average value is $12.5 million, which is considered team-friendly given the rising salary cap. Leon Draisaitl, another star player for the Oilers, has an annual average value of $14 million. The Oilers find themselves in a maximum leverage situation with two years remaining on McDavid’s contract.
McDavid’s desire to win a Stanley Cup in Edmonton contrasts with his interest in playing in Southern California. A source close to the situation noted, “He really wants to win a Stanley Cup in Edmonton, but he really wants to settle elsewhere.” This dual motivation adds complexity to any potential trade discussions.
The Oilers’ playoff performance will likely influence their decision-making process moving forward. They finished with 93 points in the 2025-26 season, indicating strong potential for future success.
Key facts:
- McDavid’s contract extension keeps him under contract through the 2027-28 season.
- The salary cap is expected to rise to $95.5 million in 2025-26 and reach $113.5 million by 2027-28.
- The exact teams McDavid would approve for a trade are not confirmed.
The Oilers must now decide whether to pursue a trade or make a final push for the Stanley Cup with their star player. The next steps will be crucial for both McDavid and the organization as they navigate these trade rumors.
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