What happened: Macklin Celebrini's extension is worth $94 million over five seasons. Its final year buys one season of unrestricted-free-agent eligibility.
Why it matters: The structure preserves another major contract negotiation during his prime. The NHL's AAV record has since risen to $20.4 million.
By the numbers: Four of the five seasons
What to watch: The upcoming 2026-27 season remains the final year of his entry-level contract.