What happened: The extension carries a $20.4 million annual average value. His current $9 million cap hit runs through the upcoming 2026-27 season.
Why it matters: The deal makes Makar the first NHL player with a cap hit above $20 million. It establishes a new benchmark for elite-player contracts as the salary cap rises.
By the numbers: The $20.4 million annual value represents 17.97% of the projected $113.5 million salary cap for 2027-28.
What to watch: Makar enters the final season of his current contract before the extension takes effect.