Colorado Avalanche Re-sign Nathan MacKinnon
The Colorado Avalanche signed Nathan MacKinnon to an eight-year, $100.8 million contract extension. The 27-year-old center becomes the NHL’s highest-paid player with an average annual value of $12.6 million.
MacKinnon’s new contract starts in 2023-24. He’s currently entering the final season of his seven-year, $44.1 million deal with an average annual value of $6.3 million.
CAP FRIENDLY: indicates $85.34 million of MacKinnon’s actual salary will be in signing bonuses.
His actual salary will be $16.5 million in the first two seasons, $16.05 million in 2025-26, $12.15 million in 2026-27, followed by $9.9 million per season for the remaining four years.
The deal also comes with a full no-movement clause.
SPECTOR’S NOTE: MacKinnon hinted last week that he and the Avalanche were close to a new contract. The ensuing speculation that he would become the league’s highest-paid player came to pass.
It’s unsurprising that MacKinnon’s getting such a hefty raise. His current contract carried a team-friendly cap hit, over the course of which he became one of the NHL’s elite stars.
Since 2017-18, MacKinnon’s exceeded 90 points three times and reached 88 points in 65 games last season. He’s been a beast in the playoffs, netting 25 points in 15 games in the 2020 postseason and 24 points in 20 games during last spring’s run to the Stanley Cup.
MacKinnon’s new contract will take a big bite out of the Avalanche’s salary-cap payroll. They now have $69.5 million invested in 13 players for 2023-24 with the cap projected to rise by just $1 million to $83.5 million. For 2024-25, it’s $62.5 million invested in 10 players.
The Avs have their core talent locked up over that period. However, it could make it difficult to surround them with the quality depth necessary to remain a Stanley Cup contender.