What happened: Questions surrounding Cale Makar’s next contract remain unresolved. He is eligible to sign an extension that would begin in 2027-28.

Why it matters: The eventual annual value could reset the market for NHL defensemen. Its size will also shape long-term roster flexibility.

By the numbers: Makar’s current contract is worth $54 million over six years, with a $9 million annual cap hit through 2026-27.

What to watch: Watch for movement on the term and annual value before the 2026-27 season begins.

Sources