"Historically, the figures could have been close to $12.5 million, akin to the deal MacKinnon recently signed, parallel to McDavid's. But it's not fitting to pigeonhole Matthews to this old number. Players should be compensated in line with their value relative to the booming salary cap, not according to an arbitrary limit based on a six-year-old contract.
For the coming five years, Matthews is predicted to represent about 17-to-19 percent of the salary cap. Comparable to Crosby and Ovechkin in their prime.
In the context of 2023-24, that would translate to an annual figure of $14.2 million to $15.9 million.
For 2024-25, when Matthews' new contract would take effect, the range is $14.9 million to $16.6 million per annum. For 2025-26, the figure rises to between $15.6 million to $17.5 million annually."