According to “2 Mutts Hockey,” the Oilers plan to announce the extension before Edmonton's captain skates and training camp begin in September. All signs point toward McDavid signing a short-term contract, either two or four years, with an average annual value projected between $16 million and $17.5 million.

According to a recent report on the 2 Mutts Hockey Podcast, McDavid reportedly has a deal in place with Kris Knoblauch’s team that includes a set term, duration, and financial figure. The extension is expected to be for 2 or 4 years, worth around $17.5 million, and would be signed after August 28.