Oilers sign McDavid to 8-year extension worth $100M

The Edmonton Oilers signed center Connor McDavid to an eight-year, $100-million contract extension Wednesday, the club announced.

McDavid's deal carries an annual average of $12.5 million, and will take effect for the 2018-19 season.

McDavid's deal is $100 mil but signing bonus is $86 mil so on every July 1 or Canada Day, he'll get $10.75 mil over eight years

- Jim Matheson (@NHLbyMatty) July 5, 2017

Signing McDavid to a long-term deal is obviously a huge win for the Oilers and their front office, as McDavid is arguably the best player on the planet with his most productive years still in front of him.

Over the last two campaigns and 127 regular-season games, McDavid has registered 46 goals and 102 assists to go along with the Hart and Art Ross Trophies he won this year.

McDavid's deal puts him in a tie as the fourth-highest paid player in NHL history.

Copyright (C) 2017 Score Media Ventures Inc. All rights reserved. Certain content reproduced under license.