The Washington Capitals have completed a bit of offseason business ahead of time, signing Joe Snively to a two-year extension. The new deal will carry an average annual value of $800K.
Snively, 26, was one of many mid-twenties players who could have become a Group VI unrestricted free agent in the offseason. This move avoids that entirely and will keep the forward under contract through 2023-24. Brian MacLellan, Capitals’ general manager, released a statement on the deal:
Joe is a versatile, skilled forward, and we are extremely pleased with his development this season. Joe has worked hard and put himself in a position to earn a spot on our team. It is a great testament to him and all the local youth hockey coaches and programming in our area that guided him along through this journey.
It’s been only 12 games so far for the minor league veteran, but Snively has been excellent whenever he made it into the lineup for the Capitals. With four goals and seven points, despite averaging fewer than 12 minutes a night, there is at least some hope that he can transition into a regular spot moving forward. Even if he doesn’t continue at that pace–one that would mean scoring 27 goals and 48 points in a full 82-game season–an $800K means that Snively can be moved in and out without affecting the Capitals’ cap situation much over the next two years.
In fact, had he made it to free agency there may well have been other teams willing to pay him even more, depending on what happens in the home stretch this season. Undrafted, the 5’9″ forward has shown incredible growth over the last few seasons, including now scoring at a better than point-per-game pace in the AHL. That growth has been rewarded with this new contract, though he still has plenty of work to do to establish himself as a legitimate NHL option.
darn!