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‘We aren’t nervous about it’: Oilers CEO Jeff Jackson discusses Connor McDavid’s contract situation
Edmonton Oilers captain Connor McDavid
Photo credit: © Sergei Belski-Imagn Images
Cam Lewis
Sep 3, 2025, 15:00 EDTUpdated: Sep 3, 2025, 13:28 EDT
The boys are back in town and hockey season is around the corner. These ought to be high times in Edmonton, but there’s a cloud lingering around Oil Country.
No, not from an industrial fire at a recycling plant. Not from one of the wildfires, either.
It’s Connor McDavid’s contract.
The captain is scheduled to become an unrestricted free agent on July 1, 2026, at the end of the eight-year, $100 million deal he signed back in July of 2017.
There was hope that McDavid would have an extension worked out by the end of August, well before the start of training camp. With two weeks until the Oilers officially open camp, there’s time for the two sides to get a contract signed before things get rolling. But there’s also “a real possibility” that the league’s best player enters 2025-26 as a pending UFA.
Oilers CEO, President of Hockey Operations, and McDavid’s former agent, Jeff Jackson, appeared on Oilers NOW with Bob Stauffer on Tuesday afternoon with a bucket of cold water. He said the front office and ownership aren’t nervous about the Newmarket, Ontario native’s future in Edmonton, given how close the team has been to the Stanley Cup in the past couple of seasons.
There’s a lot of commentary on the fact that Connor hasn’t signed. Stan (Bowman), myself, Daryl Katz, the rest of the management group, we don’t feel that way. We aren’t nervous about it. Connor’s been an Oiler for ten years and he loves playing in Edmonton, living in Edmonton. He’s been very public about his desire to win, and that’s sort of driving his decision making.
I said that two years ago in August when I had my initial press conference when I was named to this position. For us, our job in management is to have the team be there at the end, fighting to win the Stanley Cup. Unfortunately, we haven’t got the job done yet. We were very close both years.
Our team has been very good over the past two years. We’re going to be a very good team again. For him, there’s a comfort with Edmonton and with the organizarion.
Jackson added that he and McDavid’s new agent, Judd Moldaver of Wasserman Hockey, had talked for over an hour earlier on Tuesday about multiple potential contract options. Jackson reinforced that his former client is taking his time to weigh the options in front of him.
We’re not nervous, but it isn’t as straightforward as people make it out to be. He’s just taking his time, figuring out what he’d like to do. I talked to his agent (on Tuesday) for over an hour and most options for term are on the table.
We’re confident we’re going to get a deal done. The season doesn’t start for another five weeks. Of course, we’d like to have it done before training camp. But we’re going to get it done at some point, I’m confident in that.
Stauffer asked about how the record-setting eight-year, $112 million contract signed by Leon Draisaitl early last September factors into the equation, and Jackson stressed that this negotiation isn’t about comparing the two teammates. McDavid will be paid like the best player in the league, but part of this process involves finding a competitive middle ground.
Connor is a very introspective, humble person. He looks at Leon with a high degree of respect. We aren’t trying to compare the two, we aren’t trying to say to Connor, ‘Oh, Leon is making this, you should make that.’
This is a very unique negotiation, if you want to call it that. In many ways, it’s not. It’s going to be something that Connor is comfortable with, both from a dollar amount and a term amount.
I can’t tell you where that’s going to be at this point because I just don’t know. But I do know Connor. He looks at things from all different angles. He isn’t looking purely from an ‘I’m going to break the bank and make as much money as I can here’ scenario.
He wants to find the razor’s edge where he gets paid for the star player that he is, that allows the team to surround him with the best players that we possibly can. All of that comes into his thinking.
Leon is the highest-paid player in the league, and Connor will look at that and try to figure out where he fits in relaton to that.
The Oilers have a significant portion of their core locked down to long-term contracts. Leon Draisaitl is entering the first season of an eight-year deal that pays him $14 million annually; Darnell Nurse is locked in for five more years, Ryan Nugent-Hopkins and Evan Bouchard for four, and Zach Hyman for three.
Beyond McDavid, there are a few other notable Oilers set to become free agents next summer: Adam Henrique, Mattias Ekholm, Jake Walman, Brett Kulak, Stuart Skinner, and Calvin Pickard.

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