The Minnesota Wild and their star forward Kirill Kaprizov are currently navigating a complex contract negotiation, with the situation evolving rapidly and surrounded by rumors and speculation. Kaprizov, who is entering the final year of his current contract, has been eligible for an extension since July 1, 2025.
Recently, NHL insider Frank Seravalli reported that the Wild offered Kaprizov an eight-year, $128 million extension, which would have been the richest contract in NHL history in terms of both total value and average annual value ($16 million). However, according to Seravalli, Kaprizov turned down the offer. This revelation sent shockwaves through the hockey world, leaving fans and analysts wondering about Kaprizov's future in Minnesota.
Wild General Manager Bill Guerin addressed these rumors, stating he was unsure where the information originated. While he didn't deny the offer, he affirmed a good relationship with Kaprizov's agent and expressed optimism about reaching an agreement. Wild owner Craig Leipold also conveyed confidence that Kaprizov would re-sign and avoid free agency.
Despite the public statements of confidence, some reports suggest that contract talks between Kaprizov and the Wild have reached a standstill. Michael Russo of The Athletic reported that there were no scheduled talks and both sides were taking a break.
Several factors could be influencing Kaprizov's decision. One possibility is that he's waiting to see what Connor McDavid signs for his next contract, as both players could be aiming for a maximum 20% share of the salary cap. If the salary cap increases significantly in the coming years, a $19 million cap hit today could become a smaller percentage of the total cap in the future.
Another factor could be the potential for Kaprizov to earn even more money on the open market. Elliotte Friedman of Sportsnet suggested that some teams might be willing to offer Kaprizov around $19 to $20 million per year. However, if Kaprizov were to test free agency, the longest contract he could sign would be seven years, whereas the Wild can offer him an eight-year deal.
If the Wild and Kaprizov are unable to reach an agreement, trade talks could become a possibility. Kaprizov has a full no-move clause in his contract, meaning he would have to approve any trade. Several teams would likely be interested in acquiring Kaprizov, including the New York Rangers, who, according to veteran Rangers beat writer Vincent Z. Mercogliano, are expected to be aggressive in their pursuit of Kaprizov if he doesn't sign an extension with the Wild. Mercogliano noted Kaprizov shares an agent with Artemi Panarin and is close with fellow Russians Igor Shesterkin and Vladislav Gavrikov, who are also on the Rangers.
The situation remains fluid, and it is unclear what the future holds for Kirill Kaprizov in Minnesota. The Wild face the challenge of trying to retain their star player while navigating a complex negotiation with potentially record-breaking financial implications.
