Cale Makar signs 8-year, $163.2M extension with Avalanche

On Friday, Cale Makar’s agency revealed that the defenseman has committed to an eight-year contract extension with the Colorado Avalanche valued at $163.2 million. This agreement carries an annual average value of $20.4 million.

According to hockey insider Frank Seravalli, Makar makes history as the inaugural NHL player to secure a contract with a yearly salary surpassing the $20 million threshold.

The blueliner is currently in the last season of his previous six-year, $54 million contract finalized back in July 2021. Without this new agreement, he would have hit unrestricted free agency next off-season.

By finalizing the agreement at this juncture, both Makar and Colorado were able to lock in an eight-year term. Under the league’s upcoming CBA scheduled to launch on Sept. 15, the upper limit for contract duration will be restricted to seven years.

Colorado validated the signing by sharing a video message from Makar, who expressed immense enthusiasm about committing his long-term future to the franchise.