Cale Makar has set the market, and the ripple effect could reach the New Jersey Devils.
On Friday, the Colorado Avalanche locked up Makar on an extension that carries a $20.4 million cap hit over eight years. He still has the 2026-27 season left on his current deal, which comes with a $9 million AAV, meaning he’ll play one more year on what is, for a defenseman of his stature, a bargain before the new money kicks in. After that, he’s due $163.2 million over the following eight seasons.
For the Devils, the real significance is what comes next for Quinn Hughes.
For a while, there was a belief that Makar and Hughes were waiting on each other before putting pen to paper. Now that Makar has gone first, Hughes has the template in front of him.
He’s the only defenseman who can truly be compared to Makar, and he already has the 2026-27 season locked in at $7.85 million, an even cheaper figure than Makar’s current number. His next extension is expected to land in the same neighborhood.
The bigger question is where Hughes will want that deal to live.
New Jersey is sitting with cap space available for Hughes in 2026-27, and there are contracts set to come off the books before any future extension beyond that season would need to be handled. If the Devils were to land him, they’d still need to work out the next contract before the following year, but there would be little doubt about whether he’d be staying with the team Jack and Luke play for.
Minnesota presents a different kind of financial picture. The Wild are already committed to Kirill Kaprzov at a $17 million cap hit, and matching a Makar-style deal for Hughes would leave them tied to two players at $37 million.
Even then, it wouldn’t address their center depth issues. It’s the kind of aggressive move New Jersey would love to see them avoid.
So the first big piece is off the board. Makar’s extension may not answer Hughes’ future by itself, but it removes one layer of uncertainty. If Hughes still isn’t signed by training camp, the Devils may have a much clearer path into the conversation.
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For New Jersey, it is another sign that the 2024 draft pick is not only talented but also unusually intentional about how he presents his development. Goaltenders can be hard to read from the outside, which is part of what makes this so interesting for the Devils as they watch his progression at the college level. The broader story is still unfolding, but Yegorov has clearly decided to put his case for the future in plain view. [Read more 🡒]