Drag reduction by polymers in wall turbulence is bounded from above by a universal maximal drag reduction (MDR) velocity profile that is a log-law, estimated experimentally by Virk as V + (y + ) ≈ 11.7 log y + −17. Here V + (y) and y + are the mean streamwise velocity and the distance from the wall in "wall" units. In this Letter we propose that this MDR profile is an edge solution of the NavierStokes equations (with an effective viscosity profile) beyond which no turbulent solutions exist. This insight rationalizes the universality of the MDR and provides a maximum principle which allows an ab-initio calculation of the parameters in this law without any viscoelastic experimental input.The mean streamwise velocity profile in Newtonian turbulent flows in channel geometries satisfies the classic von-Kármán "log-law of the wall" which is written in wall units asHere x, y and z are the streamwise, wall-normal and spanwise directions respectively [1]. The wall units are defined as follows: let p ′ be the fixed pressure gradients p ′ ≡ −∂p/∂x, and L the mid-height of the channel. Then the Reynolds number Re, the normalized distance from the wall y + and the normalized mean velocity V + (y + ) (which is in the x direction with a dependence on y only) are defined bywhere ν 0 is the kinematic viscosity. The law (1) is universal, independent of the nature of the Newtonian fluid; it is one of the shortcomings of the theory of wall-bounded turbulence that the von-Kármń constant κ K ≈ 0.436 and the intercept B ≈ 6.13 are only known from experiments and simulations [1,2]. One of the most significant experimental findings [3] concerning turbulent drag reduction by polymers is that in channel and pipe geometries the velocity profile (with polymers added to the Newtonian fluid) is bounded between von-Kármán's log-law and another log-law which describes the maximal possible velocity profile (Maximum Drag Reduction, MDR) [4,5,6,7],This law, which had been discovered experimentally by Virk (and hence the notation κ V ), is also claimed to be universal, independent of the Newtonian fluid and the nature of the polymer additive, including flexible and rigid polymers [8]. The numerical value of the coefficient κ V is presently known only from experiments, κ V −1 ≈ 11.7, giving a phenomenological MDR law in the form [3] V + (y + ) = 11.7 ln y + − 17 .For sufficiently high values of Re and concentration of the polymer, the velocity profile in a channel is expected to follow the law (3). For finite Re , finite concentration and finite extension of the polymers one expects crossovers back to a velocity profile parallel to the law (1), but with a larger mean velocity (i.e. with a larger value of the intercept B). The position of the cross-overs are not universal in the sense that they depend on the nature of the polymers and the flow conditions; the cross-overs are discussed in [7,9]. While we still cannot predict from first principles the parameters in von-Kármán's log-law, the aim of this Letter is to identify the MDR log-law as an edge t...