Framing Analysis
Macklin Celebrini signed a five-year, $94 million contract extension with the San Jose Sharks on July 29, 2026, carrying an $18.8 million average annual value that is the highest in NHL history. The deal, which begins after his entry-level contract expires, commits the 2024 first-overall pick through the 2031-32 season following a 115-point 2025-26 campaign. Separate reports confirm Leo Carlsson received a matching five-year offer sheet from the Anaheim Ducks at $18 million AAV.