Overview

• Multiple outlets report Kirill Kaprizov’s camp declined an eight-year, $128 million extension that would top NHL records for total value and average annual value at $16 million.
• Bill Guerin said the information about the offer did not come from the team or Kaprizov’s agent and stressed that negotiations with agent Paul Theofanous are ongoing.
• Kaprizov, 28, is entering the final season of a five-year, $45 million contract with a full no‑movement clause and can become an unrestricted free agent after 2025–26.
• Owner Craig Leipold previously said he was prepared to deliver the biggest deal in league history and believed an agreement was close, reinforcing the club’s intent to keep its star.
• Analysts link the reported rejection to rising cap projections—$95.5 million this season with estimates above $100 million in coming years—suggesting Minnesota must weigh upping its offer, waiting out the season, or evaluating trade possibilities.