Connor McDavid Reportedly Nearing Oilers Contract Worth 'Around' $106 Million

The Edmonton Oilers and reigning Hart Trophy winner Connor McDavid are reportedly nearing an agreement on a deal worth approximately $106 million.

On Wednesday, Sportsnet's Elliotte Friedman reported McDavid's extension is likely to clock in at "around" $13.25 million annually over eight years.

The NHL's reigning MVP, McDavid became the third-youngest player in league history to take home the Hart Trophy after he scored 30 goals and tallied 70 assists during his second season with the Oilers.

By compiling a league-high 100 points, the 20-year-old nabbed the Art Ross Trophy as he propelled the Oilers to the playoffs for the first time since 2006.

The 103 points Edmonton registered were also the franchise's most since it produced 106 during the 1986-87 campaign.

Should the 2015 No. 1 overall pick secure a deal that pays him north of $13 million annually, he will become one of the league's highest-paid players.

According to Spotrac, Chicago Blackhawks winger Patrick Kane owns the highest average annual figure for the 2017-18 season at $10.5 million.

In terms of total cash value, Washington Capitals left winger Alexander Ovechkin has the NHL's richest contract at $124 million. He's trailed by Montreal Canadiens defenseman Shea Weber ($110 million) and Pittsburgh Penguins center Sidney Crosby ($104.4 million).