The Edmonton Oilers have signed Connor McDavid to an eight-year contract extension worth million, a $12.5 million million salary cap hit.
Nick Cotsonika: “McDavid: “I wanted to show my commitment … that I’m in it for the long haul.””
Some thoughts from the media ..
Bob McKenzie: “Original deal was expected to be $13.25M but hearing McDavid wasn’t comfortable with the number and may have insisted on lowering it…”
Cap Friendly: “W/ a contract value of $100M, McDavid is the 5th player to reach a 9 figure contract Ovechkin $124M Weber $110M Crosby $104M Kovalchuk $100M”
Cap Freindly: “While McDavids contract is 8 years in length, all of the other contracts with a value of $100M or greater ranged in length from 12-15 years”
Elliotte Freidman: “McDavid number is 8x$12.5. The number dropped by $750K/year after news got out last week.”
Eric Engels: “Have to wonder if rumoured $13.25M influenced Price negotiation and if Price signing influenced McDavid settlement.”
Mike Kelly: “McDavid signs 8-years, $12.5M / year. Number varied throughout negotiation from $13-$14M / year, he took less.”
David Pagnotta: “My understanding is it was McDavid who was willing to sign a lower AAV, to help allocate $ elsewhere on the team. Oilers came in hot.”