What happened: The $20.4 million annual cap hit begins in 2027-28. His existing contract remains in place for the upcoming 2026-27 season.
Why it matters: The agreement pushes the NHL's top salary tier above $20 million per year for the first time. It establishes a new benchmark for future extensions involving elite players.
By the numbers: Makar currently carries a $9 million annual cap hit; the extension raises that figure by $11.4 million, or 126.7%.
What to watch: Attention shifts to how the league's next elite extensions are priced against the record.