Nathan McKinnon reportedly NHL's highest-paid player with $12.6M US AAV on 8-year deal

The Colorado Avalanche are making Nathan MacKinnon the highest-paid player in the NHL's salary cap era.

MacKinnon, who just turned 27 earlier this month, signed an eight-year contract that is worth $100.8 million, according to a person with knowledge of the situation. The person spoke to The Associated Press on condition of anonymity Tuesday because the team did not announce terms of the contract.

His new $12.6 million salary cap hit that goes into effect at the start of the 2023-24 season surpasses Connor McDavid's $12.5 million as the highest in the league. McDavid's $100 million, eight-year deal with the Edmonton Oilers signed in 2017 was the previous record for the highest annual cap hit since the system went into place in 2005.

The only richer deals than MacKinnon's in the cap era:

The collective bargaining agreement has since limited contract lengths to eight years for a player re-signing with his own team and seven for free agents.

MacKinnon agreed to the deal with training camp about to start. It's been a short off-season for MacKinnon and the Avalanche after they captured their first Stanley Cup title since 2001.

The hard-shooting, fast-skating centre tied for the league-lead with 13 post-season goals. It was second highest in a single playoff run in franchise history, trailing only Hall of Famer Joe Sakic's 18 goals in 1996 (when Colorado won its first Cup).

MacKinnon, the top overall pick in the 2013 draft, has been a finalist for the Hart Trophy in three of the last five seasons ('17-18, `18-19, '20-21). He has 242 career goals and 406 assists, the most of anyone from his draft class.

"Nathan is obviously one of the premier players in the NHL so a long-term extension was something we wanted to get done before