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Cale Makar signs record eight-year extension with Colorado Avalanche

The defenseman’s new deal with Colorado carries an average annual value of $20.4 million, setting a new NHL benchmark.

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, according to ESPN and CBS Sports. The deal was reported on Thursday and Friday, depending on the outlet’s publication time.

The contract is worth $163.2 million in total and carries an average annual value of $20.4 million, the reports said. That figure tops the previous high-water mark for an NHL player.

Makar, a star defenseman, has been one of Colorado’s key players since joining the team. The extension keeps him with the Avalanche for the long term as the club continues to build around its core.

CBS Sports said the agreement makes Makar the league’s first player with a $20 million average annual salary. The reports did not include additional terms beyond the length and value of the extension.

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