Edmonton Oilers star Connor McDavid signed a two-year contract extension on Monday, Oct. 6, but it won't make him the highest-paid player in the league or even his team.
McDavid agreed to a team-friendly, two-year contract extension worth $25 million for a $12.5 million cap hit, matching his current mark. That keeps him below Oilers teammate Leon Draisaitl , who will average $14 million, starting this season.
"We weren't going to sign a long-term deal so two years at that number makes sense," McDavid told reporters on Tuesday. "It gives us a chance to extend our window here in Edmonton."
The lack of a raise gives the team the chance to add players around the McDavid-Draisaitl duo.
"It's about winning and that's always what I preached and I think this deal gives both sides what they're looking for," McDavid said.
Kirill Kaprizov of Team Russia skates with the puck against Team Canada during a game at the 2017 IIHF World Junior Hockey Championships at the Air Canada Centre on Dec. 26, 2016, in Toronto.
Gold medal winners Sergei Mozyakin and Kirill Kaprizov of the Olympic Athletes from Russia celebrate after defeating Germany 4-3 in overtime during the men's ice hockey championship in the 2018 Winter Olympics at Gangneung Hockey Centre on Feb. 25, 2018, in South Korea.
Minnesota Wild left wing Kirill Kaprizov scores a goal off a deflected puck from Los Angeles Kings goalie Jonathan Quick during the overtime at Staples Center in Los Angeles on Jan. 14, 2021. It was Kaprizov's first goal in the NHL.
Kirill Kaprizov of the Minnesota Wild attempts to pass the puck as Marcus Sorensen of the San Jose Sharks defends him during the third period at Xcel Energy Center on Jan. 22, 2021, in St. Paul, Minnesota.
Kirill Kaprizov of the Minnesota Wild shoots the puck to score a goal against the Detroit Red Wings in the second period of the NHL game at Xcel Energy Center on Feb. 14, 2022, in St. Paul, Minnesota.
Kirill Kaprizov of the Minnesota Wild celebrates his third-period goal against the Detroit Red Wings at Little Caesars Arena on March 10, 2022, in Detroit.
Minnesota Wild left wing Kirill Kaprizov is congratulated by right wing Mats Zuccarello after his goal against the Carolina Hurricanes during the third period at PNC Arena in Raleigh, North Carolina, on April 2, 2022.
Kirill Kaprizov of the Minnesota Wild celebrates his power play goal against the Vancouver Canucks in the third period at Xcel Energy Center on Feb. 19, 2024, in St. Paul, Minnesota. The Wild defeated the Canucks 10-7 thanks to hat tricks from Kaprizov and Joel Eriksson EK.
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
Kirill Kaprizov of Team Russia skates with the puck against Team Canada during a game at the 2017 IIHF World Junior Hockey Championships at the Air Canada Centre on Dec. 26, 2016, in Toronto.
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
Gold medal winners Sergei Mozyakin and Kirill Kaprizov of the Olympic Athletes from Russia celebrate after defeating Germany 4-3 in overtime during the men's ice hockey championship in the 2018 Winter Olympics at Gangneung Hockey Centre on Feb. 25, 2018, in South Korea.
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
Minnesota Wild left wing Kirill Kaprizov scores a goal off a deflected puck from Los Angeles Kings goalie Jonathan Quick during the overtime at Staples Center in Los Angeles on Jan. 14, 2021. It was Kaprizov's first goal in the NHL.
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
Kirill Kaprizov of the Minnesota Wild attempts to pass the puck as Marcus Sorensen of the San Jose Sharks defends him during the third period at Xcel Energy Center on Jan. 22, 2021, in St. Paul, Minnesota.
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
Kirill Kaprizov of the Minnesota Wild shoots the puck to score a goal against the Detroit Red Wings in the second period of the NHL game at Xcel Energy Center on Feb. 14, 2022, in St. Paul, Minnesota.
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
Kirill Kaprizov of the Minnesota Wild celebrates his third-period goal against the Detroit Red Wings at Little Caesars Arena on March 10, 2022, in Detroit.
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
Minnesota Wild left wing Kirill Kaprizov is congratulated by right wing Mats Zuccarello after his goal against the Carolina Hurricanes during the third period at PNC Arena in Raleigh, North Carolina, on April 2, 2022.
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
Kirill Kaprizov of the Minnesota Wild celebrates his power play goal against the Vancouver Canucks in the third period at Xcel Energy Center on Feb. 19, 2024, in St. Paul, Minnesota. The Wild defeated the Canucks 10-7 thanks to hat tricks from Kaprizov and Joel Eriksson EK.
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
See Kirill Kaprizov, who signed richest contract in NHL history with Minnesota Wild
Minnesota Wild forward Kirill Kaprizov signed the richest deal in NHL history – eight years, $136 million with a $17 million cap hit – during training camp.
McDavid, a three-time MVP, had been the top-paid player when he signed an eight-year extension that averaged $12.5 million. It took effect in the 2018-19 season.
He since has been surpassed by Nathan MacKinnon ($12.6 million), Auston Matthews ($13.25 million), Draisaitl and Kaprizov.
McDavid said after the Stanley Cup Final, where the Oilers lost to the Florida Panthers for the second year in a row, that he needed some time to regroup and talk to his agent and family. He said there was no rush on the decision.
A key to his decision would be whether the Oilers could finally get over the top and also what was best for himself and his family.
Edmonton traded Evander Kane and Viktor Arvidsson , and let Corey Perry , Connor Brown , Jeff Skinner and John Klingberg go to free agency. The Oilers re-signed Evan Bouchard and Kasperi Kapanen and added free agents Andrew Mangiapane and Curtis Lazar . They traded for Hobey Baker Award winner Isaac Howard and signed him to an entry-level contract. They traded for goaltending depth in Connor Ingram .
After the McDavid signing, the Oilers announced a seven-year, $49 million extension for defenseman Jake Walman .
This story has been updated to add new information.
This article originally appeared on USA TODAY: Connor McDavid contract details: Where 2-year extension ranks

