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Kirill Kaprizov’s Camp Rejects Eight-Year, $16MM AAV Offer

September 10, 2025 at 11:25 am CDT | by Josh Erickson 12 Comments

The Wild are indeed prepared to make pending UFA winger Kirill Kaprizov the highest-paid player in NHL history, but even that may not be enough to get a contract extension across the finish line. His representation turned down an eight-year, $128MM offer from the Wild yesterday that would have carried a cap hit of $16MM, Frank Seravalli of Bleacher Report relays. That would have been a record-setting deal in terms of both AAV and total value.

It’s the first marginal indication that the 28-year-old superstar’s time in Minnesota may be coming to an end. Wild front office staff and ownership have projected extreme confidence in their ability to get a long-term deal across the finish line ever since he became eligible to sign an extension on July 1. Michael Russo of The Athletic reported last month that the club would essentially let Kaprizov dictate the structure of his contract as long as it was at least five years in length.

Yet that was with the assumption that a $16MM cap hit, a whole $2MM clear of the record-setting $14MM AAV that Leon Draisaitl signed for with the Oilers one year ago, would be enough to get a deal done. If it’s going to take closer to the maximum salary of $19.1MM, it could be back to the drawing board.

While a jarring headline, it’s important to note the Wild and Kaprizov are still extremely early in the negotiating process. Talks didn’t begin in earnest until Kaprizov arrived back in Minnesota ahead of training camp in the last several days.

Seravalli’s report also doesn’t clarify what the basis was for the rejection. It might be a change in salary/bonus structure or trade protection that will take some time to work out, or a desire from Kaprizov to sign a shorter-term contract and give himself another chance to cash in on a deal in his early 30s. While a general hesitance to commit to the Wild, who haven’t won a playoff series during Kaprizov’s tenure, could be the driving force, it’s far too soon to write off the notion of an extension entirely.

In any event, the Wild must ask themselves how far above market value they’re willing to award Kaprizov. While he’s a true superstar and the brightest offensive talent in franchise history, he simply doesn’t have the resume that led names like Draisaitl and Nathan MacKinnon to receive record-setting contracts in recent years. He’s never hit the 50-goal mark, only broken 100 points once, and has never finished top five in MVP voting. All that combines to make his actual market value likely closer to the low $14MM range – even adjusted for the projected salary cap increase to $104MM, according to AFP Analytics.

Since entering the league in 2020-21, Kaprizov’s 386 points in 319 career games are 15th in the league. His 1.21 points per game are 10th. That’s still a whole 224 points less than what Oilers star Connor McDavid, also a pending UFA expected to sign in the $16MM range if he extends in Edmonton, has over the last five years.

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View Comments (12)

Comments

  1. kv 3

    2 hours ago

    IMO, it’s not about money. Kaprizov wants to see that this team can make it past the first round before he’s willing to commit to spending the rest of his prime in Minnesota.

    4
    Reply
    • Nha Trang

      2 hours ago

      Yeah, it can’t be. No one’s going to better that offer.

      3
      Reply
    • NSco1996

      2 hours ago

      He did say before reportedly like last year and 2 years ago that he likes playing in Chicago, though given the teams state right now as a bottom feeder team again im not sure he’ll come here, might not mean much, MacKinnon also said his favorite place to play is Chicago on one of his interviews of questions for social media i doubt he ever leaves Colorado though, Kaprizov might be taking the Panarin route of “Big City” after he left Columbus, Chicago, New York Rangers, Los Angeles comes to mind for me of 3 destinations

      Reply
    • wjf010

      1 hour ago

      if he truly wants to win, he can’t take up much more of the cap

      Reply
  2. SparkytheGoldenSeals

    2 hours ago

    Wow! Kaprizov is completely serious about wanting to play in Chicago, But if he’s a decent human being, He should absolutely tell the Wild, This is my last year in Minnesota, And I will he testing free agency in July.

    1
    Reply
  3. Breakaway

    2 hours ago

    My prediction is he is going to one of the NY teams. Probably the Rangers. As a Flyers writer wrote when the Islanders signed Shabanov… “Russians love NY”.

    Reply
    • NSco1996

      1 hour ago

      Panarin played in both cities, obviously insulted by Chicago after taking a huge discount to stay then being shipped off to Columbus immediately for the Hawks to get Saad back for the same cap hit which made 0 sense from the start before Panarin even played a game under his extension

      1
      Reply
  4. stu18germanator

    1 hour ago

    So he’s leaving. Got it. Trade him now and get a huge return. He’s not worth $16 million to begin with and no other team will give him that. For him it’s not about the money. He just wants to go play with the Rangers or Blackhawks, depending on where his bff Panarin goes.

    Reply
    • Johnny Z

      35 mins ago

      Maybe the Islanders would make a play KK, They will have in excess of $28M of cap space and only 6 to sign. And it is NYC.

      Reply
  5. Jaxteller

    1 hour ago

    Dang have to assume it’s not about the total dollar amount. He’s one of a few guys worth 16mm a year in the new cap structure but I’d be hard pressed to go above that. Will be interesting to see how this develops but that headline is definitely a shot across the bow.

    Reply
  6. mcdavidlikeamac

    27 mins ago

    Not a chance he’s worth more than Draisaitl. If I’m Kap I would be taking that. You can travel
    In the offseason. Obviously the guy wants to play elsewhere and now he screwed Minny getting any kind of meaningful return. They all know he rejected the richest AAV in league history how’s are they going to command top dollar for a guy everyone knows is leaving.

    Reply
  7. LarryJ4

    3 seconds ago

    He’s not worth 12 mill per!!! Like this is why contracts get stupid and teams can’t compete. He can’t even consistently stay healthy and produce steadily as well. If desperate sure 12 mill per but anything over that let him walk! He’s not the type of player that can carry a team! Need a supporting cast

    Reply

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