The fact that there is no contract means he's not signing.
Look at it this way. Is there any contract the Oilers would say no to? Of course not. They would agree to anything McDavid asks for.
Why hasn't McDavid asked for his ideal contract then? Because he has no intention of extending there, otherwise it would have been done already.
This isn't a scenario of back-and-forth negotiation between club and player. This is a scenario of a club phoning the player, and him not picking up the phone.
I think the conversation will start to shift when the season starts to trade or walk scenarios.
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