As the 2025-26 NHL season approaches, Edmonton Oilers fans remain anxious and uncertain about the future of their captain, Connor McDavid. During his season-ending media session on June 19, McDavid told reporters that he isn’t rushing to finalize a new contract. But while his contract extension still looms over his head and trade talks are also settling firmly day by day, an NHL insider has revealed a $17,000,000 update on his contract extension.
NHL Rumors has posted on X what Frank Seravalli, an NHL insider, thinks about McDavid’s contract extension. Frank Seravalli said, “This is a pure spitball; I believe it will be somewhere between $16-17.5 million a year on a four-year deal; it could be anywhere from 2 to 8, I don’t think they’ve ruled out 8; 4 years might be the sweet spot.” It was originally reported by the Bleacher Report.
McDavid, 28, is entering the final season of the eight-year, $100 million contract he signed with the Oilers back in 2017. As of July 1, he became eligible to sign an extension, sparking intense speculation about his future in Edmonton. Even on a short-term agreement of two or four years, McDavid’s next deal will most likely make him the NHL’s highest-paid player when it takes effect in the 2026–27 season, further solidifying his place among the game’s elite.
Frank Seravalli: Re Connor McDavid extension: This is a pure spitball; I believe it will be somewhere between $16-17.5 million a year on a four year deal; it could be anywhere from 2 to 8, I don’t think they’ve ruled out 8; 4 years might be the sweet spot – Bleacher Report (8/12)
— NHL Rumour Report (@NHLRumourReport) August 13, 2025
Per the Daily Faceoff’s Jason Gregor, “I expect McDavid will sign. I won’t be surprised to see a shorter term of around five years. AAV in the $15.5-$16m range.” According to him, Connor is expected to sign a deal that would break the NHL record for Average Annual Value (AAV). While Jacob Punturi of Sports Illustrated thinks that the Oilers should pay Connor what he deserves. In the past 10 years, the former 1st overall pick of 2015 has helped the Edmonton Oilers enter the Stanley Cup Final.
The Oilers’ front office has taken a measured approach to the situation, signaling they are ready to move forward whenever Connor McDavid decides the time is right. They believe he has earned the right to decide when to begin detailed discussions, and the team stands fully prepared for that moment. Since mid-June, the topic has fueled plenty of speculation, with a widespread discussion about how the contract negotiations might eventually play out. That’s why his trade talks are also swirling around the city.
Trade speculation swirls around Connor McDavid amid a potential record-breaking contract
As talks over his contract extension move forward, whispers of a possible trade have started to make the rounds. The Maple Leafs and Kings are reportedly among the leading NHL teams tied to speculation about a high-profile deal. Still, the Oilers know better than most that letting McDavid go would be nothing short of a catastrophic mistake.
Elliotte Friedman of the 32 Thoughts: The Podcast thinks Connor would not leave Edmonton. The insider said, “I think I’ve been around long enough to know when there’s fear of losing someone. I don’t feel that here. I just don’t. We’ll see how this goes during the summer. This is not one I’m worried about. I’m not. I think he extends.” Clearly, the Oilers would not handle the pain of leaving Connor before the season begins.
Well, before hiring a goalie coach and extending the contract of the head coach, the GM of the Oilers had already said that re-signing Connor McDavid would be the No.1 priority of the team. Let’s see, as Frank Seravalli reported, if Connor can get a massive $17M per year deal before the puck drops.
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