Makar becomes NHL’s first $20 million-a-year player

Eight-year term runs through 2034-35

Wire Report IntelligenceUpdated Sep 71 min read

Cale Makar is the #NHL’s first $20 million per year player, signing a record $163.2 million extension in Colorado. Via @frank_seravalli on X

What happened: The extension carries a $20.4 million annual cap hit beginning in 2027-28. One season remains on Cale Makar’s current six-year deal.

Why it matters: The record average annual value establishes a new salary benchmark for NHL stars. The maximum term removes a potential 2027 free-agent decision from long-range planning.

By the numbers: At 27, Makar has won two Norris Trophies, a Stanley Cup and a Conn Smythe Trophy.

What to watch: Attention turns to how the $163.2 million commitment shapes future elite-player negotiations.

Sources

@frank_seravalli 2026-09-07T11:45:53.044118+00:00

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Makar becomes NHL’s first $20 million-a-year player

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