Connor McDavid is closing in on a contract extension with the Edmonton Oilers that would make him the highest-paid player on an annual basis in the salary-cap era.
The deal, believed to be an eight-year, $106-million pact with an average annual salary of $13.25 million, is still being negotiated.
Under the latest Collective Bargaining Agreement instituted in 2013, eight years is the maximum contract length.
McDavid’s latest contract will chew up 17.6 per cent of the Oilers’ salary cap in 2018-19, the first year of the deal, if completed at the reported numbers and the cap ceiling remains flat at $75 million.
McDavid’s potential 17.6 per cent would mark the highest active salary cap allocation for one player, but not an unprecedented percentage.
The maximum, according to the CBA, is 20 per cent.
