Oilers Sign Star Leon Draisaitl to Historic Extension After Making Stanley Cup Final

His deal is the largest by average annual value of the NHL's salary-cap era.

Jun 21, 2024; Edmonton, Alberta, CAN; Edmonton Oilers center Leon Draisaitl (29) during the warmup period against the Florida Panthers in Game 6 of the 2024 Stanley Cup Final at Rogers Place. / sergei belski-usa today sports

On the heels of another superb season, Edmonton Oilers center Leon Draisaitl has committed to his squad for the long haul.

Draisaitl has signed an eight-year, $112 million contract extension with the Oilers, Edmonton announced Tuesday morning.

"This is an historic day for the Edmonton Oilers," Oilers general manager Stan Bowman said in a team release. "Leon's commitment to our team, our city and Oilers fans everywhere cannot be overstated."

Draisaitl's new deal is the largest in terms of average annual value since the NHL instituted a salary cap for the 2006 season, and the second-largest ever behind Washington Capitals forward Alex Ovechkin's $124 million contract

Leon Draisaitl’s 8-year extension: $14 million per year, highest in #NHL history.

It’s not the highest total dollar deal in NHL history (Ovechkin, $124 million) - but it’s a massive payday, and a massive piece of business done for #Oilers.

— Frank Seravalli (@frank_seravalli) September 3, 2024

Since Edmonton took him third in the 2014 draft, the Cologne native has exceeded expectations.

Draisaitl has crossed the 100-point barrier five times, scoring 850 points in 719 career games. He won the Hart Trophy as the NHL's MVP in 2020, and finished in the top 10 each of the next three years.

In 2024, Draisaitl's Oilers advanced to the Stanley Cup final—only to lose in seven games to the Florida Panthers.

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