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[Aarif Deen @runwriteAarif]

It's not just 8-year terms that will be outlawed under the new CBA in a few weeks.

Players will also no longer be able to get this much of their contracts paid put in bonuses.

Makar is getting a shade over 78% in bonuses. The new CBA caps it at 60% of the total contract value

[CapWages @CapWages]

If you're wondering what this means for Colorado:

When the deal kicks in, they're going to have ~13M cap space left, with 11F - 5D - 1G under contract

[Pierre LeBrun @PierreVLeBrun]

Deserved, massive payday for the world’s No, 1 D. But the Avalanche get some concession on getting the eight years. Most superstars looking for shorter deals now. Makar will get paid but the team is thrilled to get him for 8 years. Fair deal all around.

[Colorado Avalanche @Avalanche]

Rocky Mountain HOME 🏔️

[StatMuse @statmuse]

Largest contracts in NHL history:

8 yrs, $163.2M — Cale Makar
[large gap]
8 yrs, $136M — Kirill Kaprizon
13 yrs, $124M — Alex Ovechkin
8 yrs, $112M — Leon Draisaitl

Cale Makar is the first player to break the $20M AAV mark.

[Sportsnet @Sportsnet]

HISTORY FOR CALE 🥬

Cale Makar has signed the largest contract in NHL history with his eight-year extension in Colorado 💰

[PuckEmpire @puckempire]

BREAKING: Cale Makar has signed the largest contract in NHL history to remain with the Colorado Avalanche on an 8 year deal💸

[PuckPedia @PuckPedia]

The #GoAvsGo Cale Makar 8 year $20.4M Cap Hit Extension

Yr 1-3 $4M Base & 16.8M Signing Bonus
Yr 4 $12.8M & $8M SB
Yr 5 $4M & $16.8M SB
Yr 6 $3M & $16.8M SB
Yr 7 $2.8M & $16.8M SB
Yr 8 $1M & $18.8M SB

No Move Clause

Rep'd by @BartlettHockey

The $20.4M Cap Hit is just short of $20.8M max he was eligible to sign for.

https://t.co/1QWdj2gLzp

[Sportsnet @Sportsnet]

CALE GETS PAID 💰🥬

Cale Makar has signed a historic eight-year, $163.2M contract extension with the Avalanche ✍️

[NHL @NHL]

EIGHT MORE YEARS FOR CALE MAKAR!! 🥬

[Colorado Avalanche @Avalanche]

COMMITTED TO CALE ✍️

We have signed defenseman Cale Makar to an eight-year contract extension through the 2034-35 season.

[NHL Trade Alert @NHLTradeAlert]

✍️ SIGNED

Colorado and Cale Makar have agreed to an 8 year extension with an AAV of $20.4m

[Spittin' Chiclets @spittinchiclets]

Cale Makar just secured a MAJOR bag 💰😳

[B/R Open Ice @BR_OpenIce]

Cale Makar has signed an 8-year, $20.4M AAV (‼️‼️‼️‼️) contract extension…

Cale is now the HIGHEST-PAID player in the NHL 💸💰

[NHL News @PuckReportNHL]

BREAKING: Colorado Avalanche re-sign Cale Makar to league-record $163.2M contract extension: 8 years x $20.4M AAV. #GoAvsGo

[Frank Seravalli @frank_seravalli]

Cale Makar is the #NHL’s first $20 million per year player, signing a record $163.2 million extension in Colorado.

[Jesse Montano @jessemontano]

8-Year, $163.2M deal for Makar. Wow.

$20.4M AAV

[Elliotte Friedman @FriedgeHNIC]

$20.4M AAV

[Meghan Angley @megangley]

8 year deal for Cale Makar 👀

[Colorado Avalanche @Avalanche]

A historic day 👀