The Minnesota Wild’s record-setting deal for Kirill Kaprizov looked expensive when it was signed, and it looks even bigger now that the offseason has forced the team into cap contortions. But Sportsnet’s Elliotte Friedman says there was a very real reason Minnesota moved so aggressively: the Philadelphia Flyers were ready to spend.
On his 32 Thoughts podcast this week, Friedman said Philadelphia was hunting for a true headliner and believed Kaprizov would have been the answer if he had reached the market.
“They’ve been building…they’ve been adding some good players. But they were like, we need a star.
And we need a difference maker…and they aren’t drafting high enough to get that player,” Friedman said. “...
Like I had heard, if Kaprizov had hit the market this year, Philly was going to drop bags of cash on his house. I think Minnesota knew that one of the reasons they did that was because they knew Philly would have.”
That helps explain why the Wild pushed so hard to lock up their franchise star last September with the largest contract in NHL history. Kaprizov’s deal carries a $17 million annual average value, a number that has become a headache as Minnesota tries to improve the roster this summer while juggling the books.
The timing also makes more sense in light of what happened last summer. Wild owner Craig Leipold told fans the offseason would be like “Christmas morning” and insisted no other team could pay Kaprizov what Minnesota would to keep him. When July 1 passed without an extension, the price tag started to feel even steeper.
Friedman’s reporting suggests the Wild were not simply bidding against themselves. Philadelphia, which made the playoffs last season without a true superstar, later backed up that appetite for a major swing by signing Anaheim Ducks center Leo Carlsson to a five-year, $90 million offer sheet last week.
That move could create problems for Minnesota’s offseason plans, but it also reinforces the idea that a team out there was willing to spend big for a difference-maker. It takes some pressure off general manager Bill Guerin, even if the contract still leaves the Wild in a tight spot. Puckpedia projects Minnesota at just $1.1 million in cap space.
Kaprizov’s number dwarfed other major NHL deals, including Jack Eichel’s $13.5 million AAV and Connor McDavid’s $12.5 million AAV. Still, the Wild may have seen the alternative as worse: letting their top player get to free agency with another team ready to hand him the money.
Keeping Kaprizov in Minnesota may also have helped the Wild land on Dylan Larkin’s preferred list of destinations after he requested a trade from the Detroit Red Wings. And the situation could be a preview of Quinn Hughes negotiations, where another huge number could be waiting if Minnesota hesitates.
With the salary cap rising, the pain of Kaprizov’s contract should ease over the next eight years. For now, though, the deal remains a costly reminder that the Wild were not the only team prepared to pay.
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paeks path has been a little different from the average prospect, with dual ties to the United States and Czechia adding another layer to his background as he continues to climb. A one-year, two-way deal for 2026-27 keeps him in the fold and gives Minnesota another season to evaluate how far his game can go, even if the next step remains a work in progress. [Read more 🡒]
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Spacek already has NHL experience with Minnesota and backed it up with a strong AHL season in Iowa, where he set career highs across the board. Bankier, meanwhile, has continued to be a steady secondary scorer for the Iowa Wild, giving the organization another forward who has shown he can contribute without needing the spotlight. For a club that has tried to build sustainable depth, these are the sorts of moves that matter even if they do not grab headlines. [Read more 🡒]
Wild Fans Wont Like Why Matt Boldy Is Back In Rumors
Matt Boldy has become one of the Wilds most valuable pieces, and that is exactly why his name keeps surfacing when other teams start asking about high-end talent. He is coming off a breakthrough season and remains on a long, team-friendly deal, the kind of contract that matters even more as NHL salaries keep climbing and front offices look for ways to get star production without paying full market price.
For Minnesota, the frustration is less about any one rumor than the reality that Boldy is the sort of player rival clubs will keep circling whenever bigger names come into play. The Wild have every reason to view him as part of their core through 2029-30, but that same combination of age, production and cost control also makes him a natural target in trade conversations that may not be going away anytime soon. [Read more 🡒]