Evgeni Malkin

Oilers sign star Connor McDavid to 8-year, $100 million deal

The Edmonton Oilers paid a huge price to lock up superstar captain Connor McDavid.

But it could have been even higher.

The Oilers said Wednesday that the team and McDavid have agreed to an eight-year, $100 million extension.

That makes the 20-year-old league MVP the highest-paid player in the NHL on an annual basis ($12.5 million per season), but it's about $750,000 a year less than what reports last week figured he would be getting.

"It easily could have been a lot higher in value and shorter in term," Oilers general manager Peter Chiarelli said.

McDavid's extension kicks in after he finishes the final year of his entry-level deal next season....

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