Edmonton Oilers sign Leon Draisaitl to 8-year contract extension

The Edmonton Oilers have signed superstar forward Leon Draisaitl to an eight-year contract extension.

The contract was announced by the team on Tuesday morning and has an AAV of US$14 million.

“This is a historic day for the Edmonton Oilers,” said executive vice president of hockey operations and general manager Stan Bowman in a news release.

“Leon’s commitment to our team, our city and Oilers fans everywhere cannot be overstated. His desire to help bring a Stanley Cup title home to Edmonton is central to everything he does both on and off the ice.”

Click to play video: 'McDavid, Draisaitl and Draisaitl on Stanley Cup loss: ‘It sucks’'

McDavid, Draisaitl and Draisaitl on Stanley Cup loss: ‘It sucks’

Draisaitl, 28, was drafted by Edmonton third overall in the first round of the 2014 NHL Draft.

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The six-foot-two, 209-pound forward has played 719 games and accumulated 347 goals and 503 assists with the orange and blue.

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Draisaitl was set to become an unrestricted free agent next summer.

Draisaitl and Bowman are expected to speak to the media during a virtual availability later Tuesday morning.

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