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Avalanche’s Cale Makar signs record $20.4M NHL contract

Colorado Avalanche defenseman Cale Makar has agreed to the largest annual salary in NHL history with an eight-year extension worth $20.4 million per season.
Sports · August 29, 2026 · 1 hour ago · 2 min read · AI Summary · www.espn.com - TOP
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Single-source rewrite; limited independent verification

Cale Makar has agreed to an eight-year contract extension with the Colorado Avalanche that will make him the highest-paid player in NHL history at $20.4 million annually. The deal sets a new benchmark for player salaries in the league and secures the Norris Trophy-winning defenseman’s future with the reigning Stanley Cup champions.

KEY FACTS

  • Cale Makar has agreed to an eight-year contract extension with the Colorado Avalanche
  • The deal has an average annual value (AAV) of $20.4 million
  • This makes Makar the highest-paid player in NHL history by annual salary

WHAT THIS CONTRACT MEANS

The $20.4 million AAV shatters previous NHL salary records, establishing a new ceiling for player compensation in the league. As a defenseman, Makar’s deal is particularly significant given that the highest salaries have traditionally gone to elite forwards and goaltenders. The eight-year term represents the maximum contract length allowed under the NHL’s collective bargaining agreement for players re-signing with their current team.

HOW DOES THIS COMPARE TO OTHER NHL SALARIES?

Makar’s contract surpasses the previous highest AAV in NHL history, though the source doesn’t specify by how much or name the previous record holder. The deal comes as NHL salaries have been rising steadily following the league’s new television contracts and revenue growth. Elite defensemen typically command lower salaries than top forwards, making Makar’s record-breaking deal especially notable for his position.

WHAT WE KNOW — AND WHAT WE DON’T

Verified by the source:

  • Cale Makar has agreed to an eight-year extension with the Avalanche
  • The contract has an AAV of $20.4 million
  • This is the largest annual salary in NHL history

Still unconfirmed:

  • Specific contract structure (signing bonuses, no-trade clauses, etc.)
  • How much higher this salary is than previous NHL records
  • When exactly the contract will be signed and announced

WHY IT MATTERS

Makar’s record-setting contract reflects both his individual value as one of hockey’s most dynamic players and the Avalanche’s commitment to keeping their core championship team together. The deal could reset the market for elite NHL defensemen and influence upcoming negotiations for other star players.

WHAT TO WATCH

The Avalanche will need to manage their salary cap carefully to accommodate Makar’s massive new contract while maintaining a competitive roster. Other NHL teams and players will be watching how this deal affects future contract negotiations across the league.

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