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.

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.