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McDavid says no to big extension money, Oilers have 3 years to make it count
Straight Arrow News
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3 months ago
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00:00
The best player in the National Hockey League is staying in Edmonton.
00:04
Now you'd think we'd be talking about record numbers and a massive payday,
00:08
but that's not the case for Conor McDavid.
00:11
The Oilers captain is giving the team three years to win a Stanley Cup
00:15
and leaving several million dollars on the table to help out.
00:21
McDavid, a three-time league MVP, signed a two-year extension worth $25 million,
00:27
which, added on to the final year of his current deal,
00:31
means the club has their captain for three more seasons.
00:35
It also means McDavid said no to a raise from his current $12.5 million yearly salary.
00:42
He's still not the highest-paid player, even on his own team.
00:46
Leon Dreisaitl makes $14 million per season.
00:49
Oilers general manager Stan Bowman called the contract talks unique
00:53
because the terms and the dollars were never discussed.
00:57
Usually when you have a negotiation, it's more about back and forth on the term
01:04
or the structure of the deal, but that was never talked about.
01:08
It was really just the other parts of just where we're headed
01:11
and the vision for the team and how we're going to improve
01:15
and all those types of discussions.
01:18
The Oilers and McDavid have fallen just short of the Stanley Cup the past two seasons,
01:23
losing in back-to-back finals to the Florida Panthers.
01:28
Bowman said the discount McDavid is taking will help improve the team not only this season, but long-term.
01:35
It's obvious what he wants, which is he wants to win, and his actions have shown that.
01:40
I think that's a pretty inspiring thing for a player to see.
01:45
Each player's situation is different, but if I'm a player that's thinking to come to Edmonton for next year,
01:53
it gets me pretty excited knowing how committed the captain is.
01:57
The inspiration and the payroll flexibility are nice,
02:01
but now the pressure to win a Stanley Cup is even greater,
02:04
with McDavid possibly hitting the market in 2028 as the biggest free agent in league history.
02:11
It's a great situation to be in.
02:13
We're optimistic for where we are right now.
02:15
I like our group for this year, and getting off to a good start is important.
02:21
McDavid will likely outline his reasons for taking less money and less years on his deal in the next day or two.
02:27
He announced his intention to stay in Edmonton on his social media account,
02:32
posting a montage of pictures with one simple line.
02:35
Our journey here continues.
02:37
The NHL season opens Tuesday night.
02:40
The Oilers play their first game Wednesday when they host the Calgary Flames.
02:45
For Straight Arrow News, I'm Chris Francis.
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