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Bowman engages in high-stakes negotiations for Draisaitl's historic contract

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Sam Jones
August 6, 2024  (2:54 PM)
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Bowman engages in high-stakes negotiations for Draisaitl's historic contract
Photo credit: Kim Klement - USA TODAY Sports

Stan Bowman, the newly-appointed General Manager of the Edmonton Oilers, is wasting no time making his mark.

Mere weeks into his tenure, he is poised to secure the most lucrative contract in the history of the franchise. In a recent conversation with Derek Van Diest, Bowman shared an optimistic update on the ongoing negotiations with Leon Draisaitl, one of the team's cornerstone players.

»I had a good conversation (with Draisaitl's agent Mike Liut) and we're starting things off and the timing on that will be what it will be. I don't have an update of where it's going to be or the timing on that, but there is nothing negative to report, certainly.»

Despite the absence of a definitive timeline, the talks seem to be progressing well. Draisaitl's agent has expressed hope that the deal will be finalized before September, signaling a positive trajectory. Speculation around the terms and salary suggests that an agreement might be imminent, according to multiple sources.

Leon Draisaitl is approaching the end of an eight-year contract that saw him earning a modest $8.25M annually — a figure widely regarded as a bargain for his caliber. The upcoming contract is expected to reflect his significant value to the team, potentially reaching up to $14M per year. However, the Oilers are hopeful for another team-friendly deal that would keep the salary cap manageable, allowing them to remain competitive for the Stanley Cup. Rumors hint at Draisaitl possibly accepting less than the maximum to help maintain the team's strong roster.

At 30 when his new contract begins, securing another eight-year agreement could essentially make Draisaitl an Oiler for life. This commitment from both sides would not only secure his future but also serve as a crucial step in retaining other key players like Connor McDavid, Evan Bouchard, and Stuart Skinner in subsequent negotiations.

The Oilers are prepared to do whatever it takes to ensure Draisaitl's continuation with the team, recognizing the pivotal role he plays. Securing his contract would set a precedent for further agreements, fortifying the Oilers' prospects of competing for multiple Stanley Cups with a solid core intact.

As discussions unfold, the Oilers community and fans eagerly anticipate the final details of what could be a historic contract in the NHL. With Bowman at the helm, the future looks promising for the team's ambitions and their championship aspirations.

Source: NHL.com Interview Bowman comments on Draisaitl contract talks

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Bowman engages in high-stakes negotiations for Draisaitl's historic contract

Do you believe the Edmonton Oilers will offer Leon Draisaitl a lower contract?

Yes, it'll be a discount2451.1 %
No, he'll get full value2348.9 %
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