From Denver: A new contract sets a record for the highest paid player. This deal is worth $163.2 million and spans eight years. The player's agency confirmed the terms.

The annual average value of this contract is $20.4 million, starting in 2027-28. This surpasses other notable contracts, including one signed by a San Jose Sharks player in late July.

Further information about this record-setting deal is available, including how it compares to other contracts in the league and its potential impact on future negotiations.