Minnesota Wild star Kirill Kaprizov has turned down a record-setting contract extension offer, according to an NHL insider.
The offer was believed to be for eight years at $128 million, Frank Seravalli reported , and would have made him the leader in cap hit ($16 million), passing the $14 million that Edmonton Oilers center Leon Draisaitl will receive starting this season.
The total amount would also pass the 13-year, $124 million contract that Washington Capitals winger Alex Ovechkin signed in 2008.
Kaprizov, 28, who currently has a $9 million cap hit, can become an unrestricted free agent after the 2025-26 season. His average of 1.21 points per game ranks first in franchise history and he has had three seasons of 40 goals or more.
Forward Mitch Marner joined the Golden Knights in a sign-and-trade.
Forward Nikolaj Ehlers signed with the Hurricanes.
Mikael Granlund signed with the Ducks.
Defenseman Vladislav Gavrikov signed with the Rangers.
Forward Pius Suter signed with the Blues.
Defenseman Nate Schmidt signed with the Mammoth.
Defenseman Brent Burns signed with the Avalanche.
Connor Brown signed with the Devils.
Forward Jeff Skinner signed with the Sharks.
Defenseman Travis Hamonic signed with the Red Wings.
Defenseman Noah Dobson was traded to the Montreal Canadiens.
Defenseman K'Andre Miller was traded to the Hurricanes.
Goalie Arturs Silovs was traded to the Penguins.
Forward Mason Marchment was traded to the Kraken.
Forward Viktor Arvidsson was traded to the Bruins.
Goaltender John Gibson was traded to the Red Wings.
Forward Chris Kreider was traded to the Ducks.
Goaltender Connor Ingram was traded to the Oilers.
Forward Evander Kane was traded to the Canucks.
Forward JJ Peterka was traded to the Mammoth. Michael Kesselring and Josh Doan went to the Sabres in the trade.
Forward Trevor Zegras was traded to the Flyers.
Goalie Ivan Fedotov was traded to the Blue Jackets.
NHL players on the move in the 2025 offseason
Forward Mitch Marner joined the Golden Knights in a sign-and-trade.
NHL players on the move in the 2025 offseason
Forward Mitch Marner joined the Golden Knights in a sign-and-trade.
NHL players on the move in the 2025 offseason
Forward Nikolaj Ehlers signed with the Hurricanes.
NHL players on the move in the 2025 offseason
Mikael Granlund signed with the Ducks.
NHL players on the move in the 2025 offseason
Defenseman Vladislav Gavrikov signed with the Rangers.
NHL players on the move in the 2025 offseason
Forward Pius Suter signed with the Blues.
NHL players on the move in the 2025 offseason
Defenseman Nate Schmidt signed with the Mammoth.
NHL players on the move in the 2025 offseason
NHL players on the move in the 2025 offseason
NHL players on the move in the 2025 offseason
Defenseman Brent Burns signed with the Avalanche.
NHL players on the move in the 2025 offseason
Connor Brown signed with the Devils.
NHL players on the move in the 2025 offseason
NHL players on the move in the 2025 offseason
NHL players on the move in the 2025 offseason
NHL players on the move in the 2025 offseason
NHL players on the move in the 2025 offseason
NHL players on the move in the 2025 offseason
NHL players on the move in the 2025 offseason
NHL players on the move in the 2025 offseason
NHL players on the move in the 2025 offseason
Forward Jeff Skinner signed with the Sharks.
NHL players on the move in the 2025 offseason
NHL players on the move in the 2025 offseason
NHL players on the move in the 2025 offseason
Defenseman Travis Hamonic signed with the Red Wings.
NHL players on the move in the 2025 offseason
NHL players on the move in the 2025 offseason
NHL players on the move in the 2025 offseason
NHL players on the move in the 2025 offseason
Defenseman Noah Dobson was traded to the Montreal Canadiens.
NHL players on the move in the 2025 offseason
NHL players on the move in the 2025 offseason
Defenseman K'Andre Miller was traded to the Hurricanes.
NHL players on the move in the 2025 offseason
Goalie Arturs Silovs was traded to the Penguins.
NHL players on the move in the 2025 offseason
NHL players on the move in the 2025 offseason
Forward Mason Marchment was traded to the Kraken.
NHL players on the move in the 2025 offseason
Forward Viktor Arvidsson was traded to the Bruins.
NHL players on the move in the 2025 offseason
Goaltender John Gibson was traded to the Red Wings.
NHL players on the move in the 2025 offseason
Forward Chris Kreider was traded to the Ducks.
NHL players on the move in the 2025 offseason
Goaltender Connor Ingram was traded to the Oilers.
NHL players on the move in the 2025 offseason
NHL players on the move in the 2025 offseason
Forward Evander Kane was traded to the Canucks.
NHL players on the move in the 2025 offseason
Forward JJ Peterka was traded to the Mammoth. Michael Kesselring and Josh Doan went to the Sabres in the trade.
NHL players on the move in the 2025 offseason
NHL players on the move in the 2025 offseason
Forward Trevor Zegras was traded to the Flyers.
NHL players on the move in the 2025 offseason
Goalie Ivan Fedotov was traded to the Blue Jackets.
NHL's highest-paid players
The NHL has had a new highest-paid player for three seasons in a row, with Colorado 's Nathan MacKinnon ($12.6 million) passing Edmonton's Connor McDavid ($12.5 million) in 2023-24 and Toronto's Auston Matthews averaging $13.25 million last season. Draisaitl passed Matthew s this season.
That should continue with the salary cap going up and the caliber of players in next summer's UFA class.
That group, in addition to Kaprizov, includes McDavid and Vegas' Jack Eichel .
Starting in July , the maximum contract length for re-signing a player will be seven years.
This article originally appeared on USA TODAY: Wild's Kirill Kaprizov rejects record contract extension, per report

