As Connor McDavid put pen to paper for the two-year $25M extension, many expected the league’s best player to reset the market again. Insiders widely projected Connor McDavid’s next deal to set a new salary standard with projections north of at least $15M per season.
Just last week, Kirill Kaprizov signed an eight-year $136M contract in Minnesota worth $17M annually. Instead of chasing a record payday, McDavid kept his salary flat at $12.5M, a clear choice to give the Edmonton Oilers more cap flexibility and extend their window to win.
According to Oilers General Manager Stan Bowman, that decision came straight from McDavid himself.
“That’s a question really more for Connor than us,” Bowman said. “That’s what Connor wanted, and it wasn’t like we made a pitch that he should sign for that amount. We never had those conversations at all.”
Bowman made it clear that McDavid’s deal wasn’t much of a negotiation. Rather than debating money or term, the focus was on the franchise’s vision and competitiveness moving forward.
“It was really more of a dialogue,” he explained. “Usually when you have a negotiation, it’s back and forth about the structure or numbers, that was never talked about. It was about where we were heading as a team, how we’d improve, and the vision for the future.”
For Bowman, who took over as GM last season, the process was “unprecedented.” McDavid and his agent, Judd Moldaver, didn’t bring up financial terms throughout months of discussion.
“Honestly, I’m being genuine when I say that in every conversation I’ve had with Connor or Judd, we never once talked about money,” Bowman said. “This is a unique situation because it’s not about the money for Connor. It’s about belief in what we’re building.”
The flat salary effectively hands Edmonton breathing room under a rising cap, something Bowman noted gives the club more flexibility to keep its core intact and address depth around its superstar.
“When you have more money to spend, it gives you more options,” Bowman said. “We can continue building the roster around him and make the team better. That’s what he wanted, a chance to win.”
Despite the short term, just two years beyond 2026 Bowman insists this extension doesn’t change Edmonton’s aggressive approach to contention.
During the same interview, the Oiler GM had some high praise for his captain. Bowman said McDavid’s leadership was evident throughout the process, and that it had impressed teammates and management alike with his focus on the bigger picture.
“Players were shocked as well. ‘What a leader this guy is!’” Bowman said. “He’s such a tremendous person and so motivated to win. That’s who he is.”
By keeping his salary steady, McDavid effectively gave Edmonton a gift. Cap flexibility and stability during an era when star players routinely chase record-breaking AAVs.
“Connor’s such a special player and person,” Bowman said. “He was going to sign when it felt right to him, and when he did, it wasn’t about terms or dollars. It was about being aligned in the vision for where we’re headed.”
With McDavid now locked in through 2028 and defenceman Jake Walman also signing a seven-year extension, the Oilers enter the new season with stability at both ends of the ice and renewed pressure to deliver the Stanley Cup their captain so clearly covets.
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