Connor McDavid Breaks Hearts in Leafs Nation: New Deal With Oilers Confirmed

The Edmonton Oilers appear to be keeping Connor McDavid in the fold, as Sportsnet's Elliotte Friedman is reporting that the two sides are hammering out a last-minute deal before the season opener.

According to NHL Insider Frank Seravalli on recent edition of the "Big Show" podcast, the Leafs were among 4 teams keeping their options open by carrying cap space for Connor McDavid next summer.

Today, however, a conflicting report has surfaced suggesting that McDavid and the Oilers have begun to make some progress on a potential extension after months of delays and hesitation.

Friedman has since confirmed that the Oilers and McDavid are currently finalizing a deal to keep him in Edmonton.

McDavid himself solidified things with a social media post confirming the imminent deal.

At this moment, no firm contract details have been announced, but that information is expected shortly.

According to Sportsnet's Mark Spector, the deal is expected to be less than the $17M AAV of Kirill Kaprizov and could be as little as 2 years in length.

While we await official confirmation of the details, the Leafs will have to pivot on any plans they may have had to lure McDavid home to Toronto next summer. The good news is that they have $24M in projected cap space, so they have plenty of money to spend.