Overview

• Frank Seravalli reported that Kirill Kaprizov’s camp declined an eight-year, $128 million extension that would set NHL records for total value and $16 million AAV.
• General manager Bill Guerin said the leaked figure did not come from the Wild or Kaprizov’s agent and emphasized that the sides are working through the negotiation.
• Kaprizov is entering the final season of a five-year, $45 million deal and can become an unrestricted free agent in 2026 with a full no-movement clause in effect.
• Russian reporting relayed by RG Media suggested the Wild asked Kaprizov for a trade list, though this has not been confirmed by the team.
• Analysts point to sharp salary-cap growth projections—$95.5 million this season to an estimated $104 million and then $113.5 million—which could boost elite AAVs and inform Kaprizov’s timing, while options for Minnesota include sweetening the offer, exploring a sign-and-trade, or risking free agency.