Photo Credit: Ron Chenoy-USA TODAY Sports

Leon Draisaitl signs eight-year extension with Edmonton Oilers worth $68 million

After months of worrying, creating offer sheet scenarios, and general waiting, the Edmonton Oilers have finally agreed to terms with Leon Draisaitl on a new eight-year deal worth $68 million dollars.

While everyone knew that the big centreman needed a contract this summer, I don’t think that any of us would have guessed that things would drag on for this long. The fact that it took until August 16th to get a contract done leads me to believe that both sides were miles apart when this negotiation started and that both sides probably had to make some major concessions about what they each thought was fair.

That said, I was always of the opinion that this deal would get done without really worrying too much about an offer sheet coming in or that things wouldn’t get done. I think that offer sheet talk is fun for bloggers and MSM when there is literally nothing going on in the summer, but that’s pretty much where it ends. Aside from a few random acts of inter-GM warfare, you don’t really see offer sheets get handed out all that often and that fact (ignorant bliss?) kept me from worrying about it too much.

At the end of the day, my biggest concern had more to do with WHEN Draisaitl would get locked up so that he didn’t miss any time at training camp. Had he sat out for any length of time it could have seriously put him behind the eight ball, and he would have had to play catch up for months to try and get back to playing at a level he should be at to begin with. Johnny Gaudreau signed on October 10th last year and it put him behind as a result, and that was a stutter step that the Oilers did not need.

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The fact that we didn’t even get close to that point should be considered a win for Leon Draisaitl, the Edmonton Oilers, and fans of the team. Getting this guy locked in was inevitable but getting it done before the season started was crucial to making sure that the season starts off on the right foot. Now that the deal is signed, sealed, and delivered we can all relax and get ready for another season of being one of the most hated teams in the league. From where I blog, that’s a beautiful thing.

  • Randaman

    Let the criticism of PC begin. All the armchair GM’s will say they could’ve gotten it done cheaper. I’m fine with 8.5. I wanted them both here long term.

  • CBK

    Great signing. It looks steep today but in 5 years BOTH McDavid and Draisaitl at a combined $21M will be a steal.

    Especially when we win a cup or 2 within that span. Go Oilers!

  • Hemi

    Excellent! Two very high end Centers and both on the Oil for 8 years (9 for the next Hockey God). The only people against this signing are the perpetual nay-sayers whom cant find any positives in most things. I guess you can throw in the Nuck and Lames fans as well….down and outers that they are!
    I was thinking that a 8 X 8 contract would be just right for the Oil, 8.5 X 8 is just fine as well. In year 4, this contract will look like a bargin for sure.

    The Debbie Downers…..are you guys every satisfied?

    GO OIL GO!

  • Svart kaffe

    Pretty much what I expected, only longer. I kind of assumed a 5-6 year deal.

    Great to have it done, but RNH isn’t an Oilers a year from now. I suspect Strome to be groomed into a 3C over next season.

  • OriginalPouzar

    Its about $1M higher that it “should” be but, at this point, I’m just happy to have it done and have the certainty that he’ll be in camp for day 1.

    Leon and Connor locked up for the next 8 and 9 years – phenomenal.

  • Merlin9

    So glad, Leon Draisaitl’s contract has been finalized. I’m pretty sure the other 30 teams would like to have him in their lineup but Edmonton has him for 8 years. 🙂

  • OriginalPouzar

    With a high-priced UFA deal, you are paying partially for what the player has done in the past and the player is likely to decline during the term of the deal – this deal will be entire prime years.

  • ScottV

    No one ought to worry about Drai living up to this contract and holding his value throughout.

    Damn near as can’t miss as is McD.

    No comparison to others who have come up short of expectations on long term contracts.

    Just get him a decent right winger for a year, till we are pretty sure Puljujarvi is read.

  • Flint

    NHL numbers lists that the Oilers have just 2 million available in cap space when including bonuses, buyouts etc and that’s with Connor at 3.7million.

    The 2018/19 Oilers are going to look a heck of a lot different than this years Oilers when room has to be made for almost 9million extra of McDavid PLUS resigning 11 Free Agents – including Maroon, Stone, Nurse, Letestu, Slepyshev.

    A lot of talent has been locked up in these 21 million dollars…. but a lot of talent is going to be moving out to make room for those two contracts.

    • Mitch92

      That is the cost of doing business in today’s NHL. You have to maintain a pipeline of useful players on entry level deals to fill the small holes and pay the big bucks to the marquee players. The middle class continues to erode as we are seeing with many older reliable players not getting offers this summer in favor of younger cheaper alternatives in spite of the addition of 23 NHL level jobs in the league this year.

    • madjam

      Overages reduced 5.05M , Korpikowski off books 1M and Fayne let go @3.65 M = 9.7M extra for next year alone . If we have 2M to play with as well then they have 11.7M for raises , and little to no talent needs to go including Hopkins .