Connor McDavid: $100 Million Dollar Man

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The deal, which will begin in 2018-19, will carry an annual cap hit of $12.5 million.

The Edmonton Oilers announced Wednesday that the center has signed a contract extension with an annual average value of $12.5 million over eight years.

"It easily could have been a lot higher in value and shorter in term", Oilers general manager Peter Chiarelli said. Clayton Kershaw is right behind James, with MLB's top salary that calls for him to make $35.571 million each season.

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He tallied 100 points in 82 games last season, capturing the Art Ross trophy as the league's leading scorer.

The previous highest cap hits were from a pair of teammates in Patrick Kane and Jonathan Toews who signed matching eight year, $84 million deals in 2014. "Building a team to win the Stanley Cup was a constant discussion point in this negotiation".

"For me, getting it done early shows a sign that I want to be here, there was no hesitation, it's not even a thought, I want to be here in Edmonton, and I think getting it done early shows that".

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A former star for the OHL's Erie Otters, the 20-year-old forward immediately entered the National Hockey League with Edmonton following his selection in 2015, making his rookie debut during the 2015-16 season to the tune of 16 goals and 48 points in 45 regular-season games.

"Being here for the next nine years is something that was important to me", McDavid said after the announcement. The 20-year-old rightly commanded a huge chunk of Edmonton's salary cap considering the caliber of player he is, but we've seen how teams like the Blackhawks have struggled to build around expensive superstars.

The Oilers are also working to re-sign rising star Leon Draisaitl, who is a restricted free agent after finishing his entry-level deal and due a big raise. "All that matters is that we're here and we go the deal done and I'm here for the next nine years and that's all that matters".

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"We got a taste of it previous year but we certainly have some unfinished business".

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