Leon Draisaitl’s new 8-year, $112 million extension with Oilers features an NHL record $14 million salary cap hit

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Leon Draisaitl's new 8-year, $112 million extension with Oilers features an NHL record $14 million salary cap hit

Leon Draisaitl and the Edmonton Oilers have agreed to an eight-year extension worth $112 million. the team announced Tuesday.

“This is a historic day for the Edmonton Oilers,” Oilers general manager Stan Bowman said in a statement. “Leon’s commitment to our team, our city and Oilers fans around the world cannot be overstated. His desire to help bring the Stanley Cup title back to Edmonton is at the heart of everything he does , on and off the ice.”

The $14 million salary cap is now the highest in the NHL, surpassing the $13.25 million carried by Toronto Maple Leafs captain Auston Matthews, according to Puck Pedia. Draisaitl, who was set to become an unrestricted free agent next summer, will see his extension begin with the 2025-26 NHL season and continue through 2032-33.

Draisaitl, who turns 29 in October, is coming off a third straight season with the Oilers where he scored over 100 points and over 40 goals and helped the Oilers advance to Game 7 of the Cup Final Stanley.

One of the NHL’s top scorers, Draisaitl has scored at least 40 goals in five of the last six seasons and has crossed the 50-goal mark three times in his career.

In 719 career games since he was the third overall pick in 2014, the German star has compiled 347 goals and 850 points. In addition to being named to five All-Star Games, Draisaitl won the Art Ross Trophy as the league’s leading scorer, the Hart Trophy as the league’s Most Valuable Player, and the Ted Lindsay Award for Most Valuable Player most notable, voted on by NHL players.

Now that Draisaitl is locked up, the next big thing the Oilers have to worry about is captain Connor McDavid, who will see his current contract expire after the 2025-26 season. McDavid is eligible to sign a new extension starting next July.

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