McDavid committed the hit in the first period of Thursday's overtime victory and was assessed a two-minute penalty.
The 22-year-old had never previously been suspended in his NHL career. McDavid will miss matchups with the Anaheim Ducks and Nashville Predators before becoming eligible to return for a marquee showdown versus his hometown Toronto Maple Leafs on Feb. 27.
Oilers CEO Bob Nicholson released the following statement in the aftermath of the suspension announcement:
McDavid recorded two points in the contest - including the overtime winner - to bring his total to 85 in 58 games this season. Along with being forced to sit, the center will forfeit just over $134,000 in salary, according to TSN's Frank Seravalli.