Connor McDavid has signed a news two-year contract at his current rate of $12.5 million with the Edmonton Oilers, multiple sources now report.

The contract is way, way lower than any fan or pundit predicted and represents a massive statement about McDavid’s desire to win a Cup in the next three years in Edmonton.

Here is how it broke today:

Ryan Rishaug @TSNRyanRishaug Hearing sub 14m for 97

Elliotte Friedman @FriedgeHNIC Let’s update this: Connor McDavid will be extending with the Edmonton Oilers.

The Athletic’s Murat Ates @WPGMurat Two years, Oilers maintain room to work, and urgency is thoroughly established. Meanwhile McDavid gets another shot to go long term at even bigger AAV when it’s done.

Frank Seravalli @frank_seravalli Reminder: Today is the last day #HL players are eligib

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