What happened: As the NHL salary cap climbs, an elite defenseman of Cale Makar's caliber could eventually command a contract approaching $20 million in average annual value. Makar ranks among the sport's premier blue-liners, and rising league revenues are pushing top-end salaries higher. The number is floated as a possibility tied to timing, not a stated demand.

Why it matters: A deal in that range would reset the market for defensemen and carry heavy implications for how the Colorado Avalanche manage their cap sheet. Committing to a franchise cornerstone at record dollars shapes the roster the team can build around its core over the next contract window.

What to watch: Watch how Colorado approaches Makar's next contract as the cap continues to rise.