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Leon Draisaitl signs NHL's biggest deal, says he wants to be an 'Oiler for life'

EDMONTON 鈥 Leon Draisaitl says he wants to be an 鈥淥iler for life.鈥 The star forward took a big step towards that goal by signing an eight-year contract extension with the Edmonton Oilers.
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Edmonton Oilers' Leon Draisaitl waits to take a faceoff during the second period in Game 7 of an NHL hockey Stanley Cup second-round playoff series against the Vancouver Canucks, in Vancouver, on Monday, May 20, 2024. The Oilers have signed star centre Draisaitl to an eight-year contract extension, the club announced Tuesday.THE CANADIAN PRESS/Darryl Dyck

EDMONTON 鈥 Leon Draisaitl says he wants to be an 鈥淥iler for life.鈥

The star forward took a big step towards that goal by signing an eight-year contract extension with the Edmonton Oilers. The deal, announced Tuesday has an average annual value of US$14 million, the highest in NHL history.

鈥淚 have a hard time picturing myself in a different jersey,鈥 said Draisaitl, who scored 41 goals and added 65 assists for 106 points in 81 regular-season games last season.

He added another 10 goals and 21 assists through 25 playoff games, helping propel Edmonton to its first Stanley Cup final appearance since 2006.

He was set to become an unrestricted free agent next summer.

Draisaitl鈥檚 deal is just the first of three major targets general manager Stan Bowman needs to tackle in the next couple of years. Defenceman Evan Bouchard鈥檚 $3.9 million bridge deal ends after this season, positioning him for a significant raise.

And, after this season, negotiations can begin with three-time MVP Connor McDavid, who is likely to command a contract that surpasses Draisaitl鈥檚.

McDavid is currently on a deal that pays him $12.5 million per season, and expires at the end of the 2025-26 season.

鈥淐ertainly, there鈥檚 going to be challenges in the future,鈥 Bowman said of the team鈥檚 need to stay under the salary-cap ceiling and lock down all three players.

鈥淏ut, that鈥檚 for us to figure out down the road.鈥

Bowman said that players like Draisaitl are simply irreplaceable, so that鈥檚 why the deal was his 鈥渢op priority鈥 since he was hired earlier this summer.

鈥淧layers like Leon are special.鈥 said Bowman. 鈥淭here鈥檚 not many people in the world who can play hockey like he does. There鈥檚 no way we can ever replace what Leon brings to the table. He鈥檚 a huge part of our team; he has been and will continue to be.鈥

Draisaitl signed an eight-year, US$68 million contract extension in August 2017 that carried an annual average cap hit of $8.5 million 鈥 and quickly turned into one of the NHL's bargains 鈥 that expires after the 2024-25 season.

The 28-year-old centre has 347 goals and 503 assists for 850 points in 719 regular-season games since getting selected third overall at the 2014 NHL draft.

With those eye-popping numbers, some GMs might even see the $14-million annual cap hit as a bargain. Draisaitl acknowledged the balance between maximizing his earnings and leaving the team some flexibility to build for another Cup run.

"It's a fine line and I think that's where negotiations normally probably get to a standstill and it doesn't go any further,鈥 said Draisaitk. 鈥淲e know you can't win with two-, three- or four-man rosters. It's just not possible in this league. This league's too good. I'm very happy it's done ... and I can focus on playing my game and continuing to get better and play my best hockey, especially when it matters most."

Draisaitl is hopeful his extension will lead to a long-term deal for McDavid, keeping the NHL's top one-two punch together for years to come.

鈥淐onnor鈥檚 going to do what鈥檚 best for him, right? That鈥檚 just the way this works,鈥 said Draisaitl. 鈥淚t鈥檚 supposed to work that way. I did what I thought was best for me, personally. Do I hope that Connor follows along? I would be lying if I said no. Of course I want him to stay on board. I want all our pieces to stay on board.鈥

But, does being the new highest-paid player in the NHL put a target on Draisaitl鈥檚 back? Will it make him grip his stick more tightly in the coming years?

鈥淚 don鈥檛 know about the word, 鈥榩ressure.鈥 I think it鈥檚 a responsibility more so than pressure, maybe. I鈥檓 aware of my responsibility, I鈥檓 aware of the commitment that (owner Daryl Katz) and the entire Oilers organization has given me. It鈥檚 my time to give that back in a way, right? I鈥檓 aware of my responsibility. Is it pressure? In certain moments, there is pressure. But, you know I鈥檓 going to get paid a lot of money to handle those moments.鈥

This report by The Canadian Press was first published Sept. 3, 2024.

Steven Sandor, The Canadian Press