Oilers Re-sign McDavid, Extend Walman

Connor McDavid agreed to a two-year, $25 million extension with the Edmonton Oilers on Monday that carries a $12.5 million AAV and keeps him in Edmonton through the 2027–28 season. The short-term, team-friendly deal preserves cap flexibility as the Oilers push for a first Stanley Cup after consecutive Stanley Cup Final appearances. For context, teammate Leon Draisaitl carries a $14 million AAV and Kirill Kaprizov recently signed an eight-year, $136 million contract, leaving McDavid below some peers and setting up potential free-agent interest in 2028. In related moves, Edmonton signed defenseman Jake Walman to a seven-year, $49 million ($7 million AAV) extension after acquiring him at the 2025 trade deadline. The deals aim to keep the core intact while leaving McDavid’s long-term status to be decided after this short-term contract.