Ross D. Franklin/Associated Press

The Edmonton Oilers and restricted free agent Leon Draisaitl have agreed on an eight-year, $68 million contract extension through the 2024-25 NHL season.

Edmonton announced the deal Wednesday. Draisaitl will carry a $8.5 million cap hit each season for the duration of the new contract.

The 21-year-old German center has made steady improvement since the Oilers selected him with the third overall pick in the 2014 draft.

Draisaitl tallied just nine points (two goals and seven assists) in 37 games during his first NHL season, but he’s put up 128 points (48 goals and 80 assists) in 154 appearances over the last two years to emerge as one of the league’s most promising young players.

Micah Blake McCurdy of provided a closer look at the forward’s impact:

Draisaitl also provides the Oilers with lineup flexibility. He’s spent a lot of time playing right wing alongside Connor McDavid, which has helped bolster his scoring totals, but he’s capable of returning to his natural center position to give the lines more depth when needed.

It’s the second massive contract extension handed out by Edmonton this offseason. The front office previously signed McDavid, the heir apparent to Sidney Crosby as the face of the NHL, to an eight-year, $100 million deal back in July.

Now, with two of the franchise’s essential building blocks locked in to long-term deals, the Oilers will look to become perennial championship contenders. They advanced to the second round of the playoffs last season before getting eliminated in seven games by the Anaheim Ducks.

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