The Minnesota Wild signed star left wing Kirill Kaprizov to an eight-year, $136 million extension on Tuesday, giving him the richest contract in NHL history.

Kaprizov will count $17 million against the salary cap beginning next season. It’s the highest annual average salary of any player since the league’s cap era began in 2005, surpassing Auston Matthews’ $13.25 million with Toronto. Alex Ovechkin’s 13-year, $124 million contract signed with Washington in 2008 was previously the highest total value.

Kaprizov’s contract sets a new bar at one of the most intriguing times in hockey. The best player in the world, Connor McDavid, is entering the final year of his contract with Edmonton and could become an unrestricted free agent on July 1. Jack Eichel and Artemi Panarin are also pending UFAs

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