What happened: The eight-year extension gives Cale Makar a $20.4 million average annual value. Connor Hellebuyck has requested a trade and is reportedly open to waiving his no-movement clause for multiple destinations, according to Chris Johnston.

Why it matters: Makar's maximum-term commitment establishes a new contract benchmark for extension-eligible stars such as Quinn Hughes. Hellebuyck's $8.5 million cap hit through 2031 gives Winnipeg a valuable asset, but his trade protection limits the market.

What to watch: Hellebuyck's approved destinations and Winnipeg's asking price will shape talks before training camp. Makar's deal now becomes the comparison point for the next wave of star extensions.