Leon Draisaitl's contract extension nears completion

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Sam Jones
August 13, 2024 (2:35 PM)

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In the fast-paced world of NHL contract negotiations, the Edmonton Oilers appear to be on the cusp of sealing a significant deal with star player Leon Draisaitl.

NHL insiders Frank Seravalli and Bob Stauffer have recently hinted that the long-awaited contract extension talks with Draisaitl are nearing a conclusion, with an official announcement expected imminently. The term often mentioned in discussions is an eight-year agreement, with a salary slightly under the hefty $14 million per season mark.

During a segment on "Oilers Now," both Seravalli and Stauffer expressed confidence that the discussions between the Oilers and Draisaitl's representatives have wrapped up successfully.

This extension is crucial not only for Draisaitl but for the Oilers' long-term strategy. The team is reportedly focused on securing its core players, including Connor McDavid, who is believed to be in full agreement with Draisaitl about taking slightly less money to maintain the team's competitive edge.

The importance of this negotiation extends beyond Draisaitl. Evan Bouchard's contract is also in the spotlight as part of the trio of essential extensions that the Oilers aim to settle within the next couple of years. These players are not only integral on the ice but are pivotal members of the leadership group, embodying the heart and soul of the franchise. Their ongoing commitments are seen as vital to the Oilers' aspirations of remaining a formidable force in the league.

Speculation around the timing of the announcement suggests it could happen within the next week, aligning with Draisaitl's preference to have the contract signed before the season starts. This strategy aims to eliminate any distractions, allowing him to focus solely on his game and continue his career progression with the Oilers.

The Oilers have had a dynamic off-season, marked by several strategic signings under the direction of CEO Jeff Jackson. The potential addition of Draisaitl's and possibly Bouchard's extensions would cap off the summer on a high note, reinforcing the team's commitment to its core group and its competitive future.

In an era where financial pragmatism is as crucial as on-ice strategy, the Oilers' approach to these contract negotiations could serve as a blueprint for other teams aiming to balance star power with fiscal responsibility. Fans and analysts alike are eagerly watching to see how these negotiations will unfold, signaling a potentially transformative period for the team.