McDavid signs Oilers deal worth $100m to become NHL's highest paid player

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Connor McDavid became the highest-paid player in NHL history on Wednesday after signing an eight-year contract extension with the Edmonton Oilers worth $100 million.

The new deal -- which will kick in after the 2018-19 season and run through 2025-26 -- will have an average annual value of $12.5m, surpassing the Chicago Blackhawks' contracts with Patrick Kane and Jonathan Toews, which pay them an average of $10.5m annually.

McDavid, 20, signed with the Oilers in July 2015 as the first overall pick in that year's draft on a standard three-year rookie contract that pays him $925,000.

In two seasons, he already has 102 assists and 148 points in only 127 career games played. 

He won the Hart Trophy and Ted Lindsey Award last season, signalling his rise to become the league's top player in 2016-17, when he secured the Art Ross Trophy, leading the NHL with 100 points.

"Being here for the next nine years has been really important to me," McDavid said

"I certainly think we'll win here and, honestly, it's an honor to wear the Oilers jersey for the next nine years."