There is still one cloud hanging above the heads of the Oilers front office staff — the contract of franchise cornerstone — Connor McDavid. If signed, this would greatly exceed Draisaitl's record of $14 million AAV in terms of both monetary value and cap hit percentage. We are hearing that the contract extension for Connor McDavid will most likely happen after the Team Canada Orientation Camp which is August 26th to the 28th in Calgary. The plan is to announce the contract extension before the Captain Skates begin & Training Camp starts. McDavid's cap hit percent on his previous deal was around 15.7 percent, a number that is noticeably higher than the others'.