TORONTO — Connor McDavid just signed a two-year, $25 million deal with the Edmonton Oilers. He turned down a bigger payday to help his team improve and chase a championship. NHL Commissioner Gary Bettman applauded him for this decision.
Bettman praised McDavid’s commitment, saying it shows his love for the game and for Edmonton. “If I were an Oilers fan, I’d be excited,” Bettman said. The Oilers have made two Stanley Cup Finals in the last two years, so McDavid’s move adds to their hope for future success.
This contract stands out because it’s happening during a wave of significant signings in the league. Other top players like Kirill Kaprizov, Jack Eichel, and Kyle Connor have opted for long-term contracts that come with hefty raises. For example, starting next season, Kaprizov will make $17 million a year, Eichel $13.5 million, and Connor $12 million.
The rising salary cap is making this possible. The current cap of $95.5 million is expected to increase to $104 million next year and $113.5 million the following year. Bettman explained that the NHL and the Players’ Association wanted a gradual rise after the flat cap during the pandemic. This approach prevents sudden spikes that could hurt players and disrupt salary fairness.
Though some speculate the cap numbers could go even higher due to strong revenue forecasts, Bettman dismissed these claims. He trusts the NHL’s projections, based on solid data over the last two decades.
The league expects to see increased revenue from an upcoming shift to an 84-game regular season next year, a change secured in their recent collective bargaining agreement. They are also exploring expansion interest from various cities, hinting at a healthy business outlook.
Interestingly, many big contracts can reduce the options for the next round of free agents in 2026. However, Bettman noted that fans often prefer stability over constant player movement. “Many fans like rooting for familiar players,” he said. Continuity can build stronger connections between teams and their supporters.
Overall, McDavid’s decision reflects a growing trend in the NHL, balancing individual ambition with team goals. This may reshape how players approach negotiations in the future.
For deeper insights on the NHL’s financial landscape and player contracts, check this report from ESPN.
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Edmonton Oilers, NHL, Sports Business
