Oilers' Draisaitl will be NHL's highest-paid player in history when 8-year, $112M US extension kicks in

The Edmonton Oilers have signed star centre Leon Draisaitl to an eight-year, $112 million US contract extension, the club announced Tuesday.

The contract has an average annual value of $14 million US making it the highest in NHL history.Toronto Maple Leafs captain Auston Matthews previously held that distinction, as his deal carriesan average annual value of $13.25 million US.

Draisaitl played 81 games last season, scoring 41 goals and 65 assists for 106 points. He added another 10 goals and 21 assists through 25 playoff games, helping propel Edmonton to its first Stanley Cup final appearance since 2006.

He was set to become an unrestricted free agent next summer.

"This is a historic day for the Edmonton Oilers," Oilers general manager Stan Bowman said in a statement.

"Leon's commitment to our team, our city and Oilers fans everywhere cannot be overstated. His desire to help bring a Stanley Cup title home to Edmonton is central to everything he does both on and off the ice."

WATCH |Q&A with Hart Trophy winner Leon Draisaitl:

Q&A with Hart Trophy winner Leon Draisaitl

4 years ago

Duration 3:33

CBC Sports talked with Edmonton Oilers superstar Leon Draisaitl about what it's like playing with Connor McDavid, the 2022 Olympics, and soccer star Alphonso Davies.

Draisaitl signed an eight-year, $68 million US contract extension in August 2017 that carried an annual average cap hit of $8.5 million US and quickly turned into one of the NHL's bargains that expires after the 2024-25 season.

The 28-year-old centre has 347 goals and 503 assists for 850 points in 719 regular-season games since getting selected third overall at the 2014 NHL draft.

Draisaitl was leading the league in scoring with 110 points (43 goals, 67 assists) across 71 contests in 2019-20 when the COVID-19 pandemic shuttered the sports world.

The Cologne, Germany, product won the Art Ross Trophy as a result, and then up picked up both the Hart Trophy as NHL MVP and the Ted Lindsay Award given to the most outstanding player as voted on by the NHLPA membership.

Draisaitl, who suited up for the Western Hockey League's Prince AlbertRaiders in junior, has six 100-point seasons to go along with an 84-point output during the NHL's pandemic-shortened 2020-21 campaign.

He put up a career-best 128 points in 2022-23 when teammate Connor McDavid led the league with 153 after setting a personal high with 55 goals the previous season when Auston Matthews of the Toronto Maple Leafs topped the ledger with 60.

The Oilers struggled to find the right mix around Draisaitl and McDavid until finally breaking through when they made the 2022 Western Conference final before falling to the Colorado Avalanche, who went on to win the Stanley Cup.

Edmonton lost in the second round the following spring to the Vegas Golden Knights another team about to hoist hockey's holy grail and then fell in this year's final to the Florida Panthers after besting the Los Angeles Kings, Vancouver Canucks and Dallas Stars.

McDavid's current contract, which carries a $12.5-million salary cap hit, runs through the 2025-26 season.