What happened: Nico Hischier and the New Jersey Devils have agreed to a five-year contract extension worth $11.7 million annually, according to The New York Times. The deal keeps the team's captain in New Jersey through the extension term.

Why it matters: Securing Hischier removes a major question from the Devils' long-term core as they build around their young roster heading into the 2026-27 season. Committing top-line term and dollars to the captain signals New Jersey's intent to contend rather than retool.

What to watch: Watch for the Devils' official confirmation and how the cap hit shapes their remaining offseason moves.