The Wild star turned down an eight-year, $128-million extension offer on Tuesday, hockey insider Frank Seravalli reported on Wednesday.

The contract would have been the highest in NHL history in both average annual value ($16 million) and total earnings.

Kaprizov, 28, can enter free agency in 2026 and has been eligible to sign an extension since July 1.

Despite just five seasons in the NHL, Kaprizov has already established himself as one of the league’s most prolific scorers. The three-time 40-plus goal-scorer has been a point-per-game player in all but one of his NHL seasons and captured the Calder Trophy following his rookie season in 2020-21. 

The Russian suffered injuries last seaosn that limited him to 41 games, but made the most of it with 25 goals and 31 assists and matched his career-high shooting percentage at 17.2. 

The three-time all-star was a late-round gem for the Wild, selected 135th overall in the 2015 NHL Draft.