Frank Seravalli Drops Key Update as Connor McDavid's Edmonton Future Hangs in the Balance

NHL insider Frank Seravalli revealed that he doesn't think there's reason to panic yet despite the fact that Connor McDavid has yet to sign a contract extension.

Connor McDavid and the Edmonton Oilers are ideally situated to take advantage of two big things: a ballooning NHL salary cap and the immediate pressure to win.

For the 2025-26 season, the NHL cap is going to be $95.5 million, with estimates as high as $113.5 million for 2027-28.

Social media speculation has Connor McDavid's future annual average value (AAV) ranging from $16-17.5 million, with some, such as NHL insider Frank Seravalli and the 2 Mutts Hockey podcast hosts, tossing around the high end.

McDavid Likely Won't Sign for the NHL's Max Contract

Many appear to be in agreement that McDavid won't sign for the max contract amount that inches close to $20 million per year.

Signing long-term now would be leaving millions on the table as the cap continues to rise. That's why the majority of experts expect McDavid to ink a short, two-year deal.

Seravalli provided an update, where he dismisses panic in Edmonton, despite no deal being signed yet.

'People in Edmonton, Alberta, are nervous. Should they be? I don't think so.'

- Frank Seravalli