For all sides involved - Nugent-Hopkins and his agent Rick Valette, Oilers President of Hockey Operations & General Manager Ken Holland, and the fan base - the deal is a win-win-win.
Nugent-Hopkins and Valette obtained the term and no-movement protection they were seeking; Holland got the value he wanted and secured a multi-faceted forward every National Hockey League organization covets; the fan base holds onto the player they have grown with since Edmonton selected first-overall in the 2011 NHL Draft.
"It's always been my goal to be able to stay in Edmonton," Nugent-Hopkins told the media via Zoom. "We have lots of connections, fans have treated me so well, the organization has been great. It was an easy decision to want to stay and I'm happy to make it work."
Nugent-Hopkins' extension is front-loaded, features an annual average value (AAV) of $5.125 million and signing bonuses in the latter part of the deal. By the time the pact is complete, the 6-foot-0, 184-pounder will be 36 but Holland believes RNH's on-ice abilities promise longevity in the twilight of his career.
"When he's 60 years old and he's playing old-timers hockey, he's still going to have hockey sense, he's going to have hands, he's going to be smart and going to be poised," Holland said from the Oilers Hall of Fame Room.
"If we would've lost Nuge, it would have been a massive loss. He can play centre, he can play left wing, he has leadership in the locker room, he can kill penalties and he thinks at a high level. This is a deal that Ryan felt good about and this is a deal that I felt good about."
Holland, Nugent-Hopkins and Valette did not reach the agreement swiftly. Negotiations spanned over a year - 18 months, to be precise - and prolonged during the Stanley Cup Qualifiers in 2020 as well as the COVID-shortened 2020-21 NHL season.