Islanders Fans Should Watch What Cale Makar Means For Schaefer

As Cale Makar approaches a landmark contract extension with the Avalanche, the ripple effects could shape the future for rising stars like Matthew Schaefer amid evolving league economics.

Cale Makar’s next contract could end up setting the market for the blue line in a way that reaches all the way to Matthew Schaefer.

Schaefer has already pushed his way into the conversation with the NHL’s best defensemen after just one year, but Makar still sits at the top of that class. And now, according to Elliotte Friedman of Sportsnet, the Colorado Avalanche and Makar are getting close to an extension that’s expected to be massive.

That matters because Makar’s deal could become the number that everybody else points to next summer.

Over seven seasons, Makar has been a Norris Trophy force. He’s finished in the top three in voting six times, won the award in 2021-22 and 2024-25, and the only year he fell outside the top three was his rookie season, when he placed ninth. With this being the final season players can sign eight-year extensions before the new CBA trims the maximum term to seven years, an eight-year pact carrying a $20 million AAV is very much on the table.

That kind of number would ripple through the defense market, Schaefer included.

Schaefer is heading into his second pro season, which means he becomes extension-eligible next summer. The salary cap is still climbing, so a substantial raise is a given. The real question is how long the deal runs and how aggressive the money gets.

If Schaefer signs at 19 next summer, a bridge contract is one path. That kind of arrangement could carry him through the end of restricted free agency.

Another possibility is a longer bridge, similar to what the Islanders did with Noah Dobson, with a four-year deal that takes him to unrestricted free agency. Even that route would likely put Schaefer ahead of Bowen Byram’s current $12.5 million mark, and then set him up for a huge seven-year deal worth more than $20 million AAV after that.

There’s a long way to go before Schaefer reaches that point, but the contracts handed out between now and next summer could shape just how big his next one becomes.

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