It looks like the Edmonton Oilers have made a significant move by signing Leon Draisaitl to an eight-year contract worth $14 million per year. This is a major commitment from both the team and Draisaitl, solidifying his role as a key player for the Oilers for the foreseeable future.
The comments from GM Stan Bowman highlight the importance of this deal, emphasizing Draisaitl’s dedication to the team and his central role in their quest for a Stanley Cup. This is definitely a momentous day for the Oilers and their fans, as securing Draisaitl long-term is a big step in maintaining their competitiveness in the league.
The upcoming media conference will likely provide more insights into the details of the contract and the vision both Draisaitl and the Oilers’ management have for the future.
The contract is the NHL’s most lucrative to date. It’s a big triumph for Draisaitl. It’s an appropriate amount for a player of his caliber.
Stauffer reported on Leon Draisaitl: “Since the start of his current 8-year deal in 2017, Leon Draisaitl ranks 2nd in points with 713.”
Goals: 297 (second)
PPG: 130 (first)
GWG: 53 (fourth)
In the last three playoff seasons, Leon ranks:
Points: 81 (second)
Goals: 30 (T-first)
assists: 51 (2nd)
PPG: 15 (1st)”.
The signing of Leon Draisaitl to an eight-year, $14 million AAV contract is undoubtedly a massive commitment by the Edmonton Oilers, securing one of the league’s top players for the long term. However, as you pointed out, this deal presents significant challenges regarding the team’s salary cap situation.
With Draisaitl’s contract taking up 15.9% of the salary cap, similar to Auston Matthews’ deal with the Toronto Maple Leafs, the Oilers are now in a tight spot. The high percentage of the cap dedicated to Draisaitl limits their flexibility to sign other top players or address depth needs without making difficult decisions. This situation is reminiscent of the Darnell Nurse contract, which also prioritized maximizing the player’s pay within the team’s structure rather than leaving room for other signings.
For GM Stan Bowman, the challenge now lies in navigating these financial constraints while keeping the team competitive. In the modern NHL, where the salary cap dictates much of a team’s strategy, finding value in veteran players willing to take discount contracts will be crucial. Bowman will need to be particularly shrewd in identifying players who can contribute effectively without breaking the bank.
While Draisaitl might have commanded even more on the open market, his decision to stay in Edmonton underscores his commitment to the team and its ambitions. The Oilers now need to focus on building around him with smart, cost-effective moves if they hope to contend for a Stanley Cup. This contract marks a significant moment in the team’s journey, but it also sets the stage for some tough cap management decisions moving forward.
