The NHL offseason has been relatively quiet the past few weeks, but rumors of a blockbuster contract extension for Colorado Avalanche star, Mikko Rantanen, are growing louder.
Sportsnet’s Elliotte Friedman, renowned for his insider knowledge, recently hinted at the increasing likelihood of a deal. If the rumors are true, Rantanen might just break the bank and even out-earn his teammate, Nathan MacKinnon.
Rantanen’s Contract Talks Gain Momentum: Will He Out-earn MacKinnon?
Rantanen, the 27-year-old Finnish winger, is entering the final year of his current contract which carries a $9.25 million cap hit. With unrestricted free agency looming next July, the clock is ticking for the Avalanche to lock him down. Friedman’s insights suggest that both sides are optimistic about reaching an agreement, but the question remains: at what cost?
Industry insiders speculate that Rantanen’s next deal could command a staggering $13 million annual average value (AAV). Such a figure would make him the highest-paid player on the Avalanche, surpassing MacKinnon’s $12.6 million AAV. This isn’t entirely surprising considering Rantanen’s consistent offensive output and his crucial role in the Avalanche’s Stanley Cup victory in 2022.
However, a $13 million AAV contract for Rantanen will undoubtedly pose a challenge for the Avalanche’s cap management. Assuming the 2025-26 salary cap is set at $92 million, the team will have just $21.3 million in cap space with 14 players already under contract. This leaves limited room for maneuvering, potentially forcing the Avalanche to make tough decisions regarding other roster spots.
While some may question whether Rantanen warrants such a hefty payday, it’s important to consider the current market trends. Top-tier forwards are commanding increasingly higher salaries, and Rantanen’s skillset and production put him squarely in that category. Furthermore, the Avalanche are keen to retain their core players and maintain their championship window. Losing Rantanen to free agency would be a significant blow to their aspirations.
As contract negotiations progress, the hockey world will be watching intently. If Rantanen does indeed sign for $13 million AAV, it will set a new benchmark for elite forwards and reshape the Avalanche’s financial landscape. The front office will need to navigate these waters carefully, balancing the need to reward their star player while also ensuring the team’s long-term sustainability.
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