The Lightning acquired Hagel, along with a pair of fourth-rounders, from the Chicago Blackhawks at the 2022 trade deadline in exchange for two first-round picks, Boris Katchouk, and Taylor Raddysh.
Hagel is the latest member of the Lightning to sign a maximum-term eight-year extension. Along with Hagel Brayden Point, Anthony Cirelli, Mikhail Sergachev, and Erik Cernak are all signed through at least 2029-30. All of these players are in the 25-27 year old age range.
The salary cap is expected to rise to $87.5 million for the 2024-25 season. The Lightning project to have $12.6 million in cap space next offseason, with captain Steven Stamkos as the only notable unrestricted free agent.