The National Hockey League (NHL) has a $75 million salary cap on NHL franchises which means that they have to think long and hard about the players they go after and how much they can shell out to build a team.
The Edmonton Oilers made it very clear that they wanted to retain their captain and star player Connor McDavid and were prepared to pay a huge sum to retain his services. The Oilers signed McDavid back in 2015 when he was still in his teams and it proved to be one of their best moves in recent times. While the Oilers did not make it to the Stanley Cup finals, they did a lot better compared to previous seasons, thanks to McDavid who scored 100 points and ended up with the Most Valuable Player (MVP) award.
McDavid Goes For $105 Million
The Oilers confirmed this week that they have signed a 8 year contract with McDavid for $105 million. They will pay him $12.5 million each year or roughly around 16.6 percent of their purse to retain his services, making McDavid the highest paid NHL player in the league. Oilers General Manager Peter Chiarelli had made it clear that the team wanted to build a winning combination around McDavid.
The Oilers revamped their team recently hiring Chiarelli as the new GM and Todd McLellan as the new coach. They will look to retain the same combination as far as possible as Chiarelli wants to keep the team together and is also interested in retaining Leon Draisaitl who is a restricted free agent. The Oilers will have to pay out another chunk to retain Draisaitl which would leave them with restricted funds. However Chiarelli remains confident that the Oilers can work with their limitations and still build a winning combination.
McDavid Happy To Remain With The Oilers
When McDavid met with reporters he fended off questions regarding his lucrative 8 year sponsorship deal and wasn’t keen to discuss how they arrived at the $105 million figure. However he was clearly delighted with the deal and stated that he was happy to wear the Oilers jersey for the next 8 years of his career.
McDavid had good support last season from Draisaitl as well as Adam Larsson in defence and goalie Cam Talbot. The Oilers would like as much as possible to retain the same combination going into the next season as they believe they are on the right track to win another Stanley Cup.