The hardest part of building a championship contender is acquiring the world-class players to lead the way.
That mission was accomplished years ago for the Colorado Avalanche, and Cale Makar’s commitment to an eight-year, $163.2 million contract on Friday has ensured the club’s franchise-level players are locked in together for at least the next five seasons.
“We were trying to find a way collaboratively with the Avalanche to get Cale to a level commensurate with his standing in the league and his accomplishments and where we think the cap is going to go over the term of the contract, but also to push it only so far as it wouldn’t handicap the team’s ability to win championships,” Makar’s agent, Brian Bartlett, told The Denver Post.
“It wasn’t particularly contentious and grinding. There were a lot of different pieces that went into it. It was a lot about how did we want to do this? I don’t think there was ever a question about Cale wanting to spend his entire career here.”
But, as this core group of Avs has found out, dynasties are really hard to come by.
Winning the Stanley Cup in 2022 has not begat a string of championships. Makar’s contract ensures the superstars will stay together, but at a significant cost. The salary cap is expected to keep rising, but how will the Avs continue to compete for the Stanley Cup?
“I mean the game is in great shape. Contracts are going to go up, as they should,” Avs president/general manager Joe Sakic said. “You have Nathan [MacKinnon], you got Marty [Necas] signed long term; it makes it easier on your other decisions.”
What does the financial future look like for the Avs? Let’s dig into it.
2026-27: Still in the mix
The Makar contract didn’t affect Colorado’s cap sheet for this season, but it does make it clear that last season and this one are the best chances for this core group to win again. It doesn’t mean it can’t happen in 2028 and beyond, but the math is going to change next year, and the core around MacKinnon, Makar and Necas will likely need to as well.
Val Nichushkin is gone, so the core has already changed. Will Jaden Schwartz plus potential trade deadline additions be enough to overcome the loss of a unique, two-way force?
2027-28: The Lehkonen contract
This could happen well before next summer, but what happens with Artturi Lehkonen will have a large say in how the Avs proceed next offseason. Lehkonen is in the final year of a very team-friendly contract. He’s been worth much more than $4.5 million per season, regardless of where the cap ceiling was at.
But he’s also going to be 32 years old next year, and it’s fair to wonder how well and how long his “sacrificial lamb” style of play will remain at the level the Avs will need it to be at to justify a hefty raise. Like Nichushkin, Lehkonen would also be a very hard player to replace, and not having either of those guys would alter the calculus of how the Avs can compete for the Cup.
The rest of the roster is mostly intact for the 2027-28 season. The Avs currently have about $11.6 million in cap space, with Makar signed for 2027-28, and the league projects the cap to rise to $113.5 million. If Lehkonen eats up a lot of that, replacing Nicolas Roy, Brent Burns and Scott Wedgewood will likely involve younger, cheaper players.
2028-29: The last dance, for real?
Brock Nelson and Josh Manson have two years left on their contracts. We don’t know what the cap ceiling will look like in 2028-29 and beyond. If it continues to spike by $9-10 million per year beyond next season, that will help top-heavy clubs like the Avs.
NHL agent Allan Walsh in March for 2028-29. Colorado has seven forwards — MacKinnon, Necas, Schwartz, Gabe Landeskog, Nazem Kadri, Logan O’Connor and Parker Kelly — under contract already for that year, plus young forwards Gavin Brindley, Fedor Svechkov and Zachary L’Heureux are all restricted free agents.
The Avs need a young forward or two to pop as a development success, but if it happens, that will also cost more to keep them. If the cap gets to $123 million, the Avs currently would have about $36 million to fill out the roster, minus what Lehkonen potentially gets (and other additions).
Replacing Nelson, in particular, could be a $10 million proposition by then if the Avs don’t find a younger, cost-controlled No. 2/3 center by then. Manson is also currently signed at below-market value.
2029-30: A new era
If the Avs are going to compete for the Cup in 2030, there will be almost certainly be drastic changes to the roster between now and then.
The age of key players around MacKinnon, Makar and Necas could be an issue at any point in the near future, really, but nearly all of the current outer-circle core players will be old by NHL standards by July 2029. Devon Toews and Brett Kulak will be 35 and heading into the final years of their contract.
Landeskog, Kadri and Schwartz will all be free agents, and all will be 36 or older by then. It’s fair to project that MacKinnon, Makar and Necas will all still be great players in 2029, but the Avs are going to have to retool the roster around them to remain a contender … or brace for a potential decline period with the hopes of building another winner around them in the early 2030s.
