The Minnesota Wild are preparing to put forth the richest contract in NHL history to keep their franchise cornerstone in tow.
The Athletic's Michael Russo appeared on the "Worst Seats in the House" podcast on Friday and said that he believes the Wild have already offered Kirill Kaprizov an eight-year deal worth $16 million annually in a contract amounting to a staggering $128 million.
If Kaprizov accepts it, the extension would make the Russian winger the highest-paid player in the league, surpassing Edmonton’s Leon Draisaitl, who currently leads all players, earning $14 million per year.
“I believe they’ve offered him a ton of money,” Russo said. “On an eight-year deal, they’re willing to pay him (an AAV) in the $16 million range.”
In the latest WSITH @talknorthpod, @AnthonyLaPanta and I break down my Q&A with John Hynes, talk Kaprizov contract situation and much more. Next live show: Sept. 17 at Elsie’s
— Michael Russo (@RussoHockey) August 29, 2025
⁰@Aquarius_Home⁰Twill⁰@Royal_CU @onXmaps
Clamshell Beach Resort@GetGiglihttps://t.co/0npeOt68hT
Kaprizov, 28, is entering the final season of his five-year, $45 million contract. While general manager Bill Guerin is convinced the franchise and the player will agree to a new deal, Russo reported in late July that negotiations remain "not close."
"Bill Guerin has been extremely publicly confident that they are going to get it done," Russo said. "But from what I checked on the last couple days, they are not close."
According to Russo, the forward has hinted he might prefer a shorter three, or four-year agreement to retain leverage over his future.
Touching on that possibility and the worst-case scenario for the Wild in which Kaprizov rejects their record-breaking offer, co-host Anthony LaPanta cautioned that the Wild cannot afford to wait too long and must have a contingency plan in place.
“You can’t get past this year’s trade deadline and say, ‘We’re just going to let one of the greatest assets this franchise has ever had walk away for nothing’,” LaPanta said.
Russo agreed, adding, “I think you’d absolutely have to ask him for some teams that he’d be interested in going to.”
Kaprizov has spoken fondly of both his quiet hometown life in Russia and his adopted home in Minnesota, the last time at the end of the Wild's season in May.
“This is my agent’s job, (to) talk with Billy. But we will see,” Kaprizov said. “I love everything here. But (contract talks) should be all good. I don’t know what to say.”
Despite injury setbacks, Kaprizov has remained the Wild’s defining player since arriving in America in 2020. He has racked up 386 points (185 goals, 201 assists) in just 319 regular-season games, adding 21 points in 25 postseason contests.
Although Minnesota has made the playoffs in 11 of the last 13 seasons, the Wild have not advanced past the first round of the playoffs since 2015, making securing Kaprizov's future the clear-cut goal in the franchise's collective mind in order to stay competitive.
More must-reads:
Get the latest news and rumors, customized to your favorite sports and teams. Emailed daily. Always free!