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Canucks Sign Elias Pettersson To Eight-Year Extension

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There was a recent push on extension talks between the Canucks and center Elias Pettersson and it appears that push helped get a deal over the finish line.  The team announced that they’ve inked Pettersson to an eight-year contract extension.

GM Patrik Allvin released the following statement on the signing:

This is a very important signing for the Vancouver Canucks. Elias is one of the top players in the National Hockey League and is a key member of our leadership group. We know his best days are ahead of him and with his high end skill and desire to be the best, we look forward to seeing Elias succeed and grow. This signing is another example of our ownerships’ unwavering commitment to do what ever it takes to help us be a successful organization.

Financial terms of the contract were not disclosed by the team but Daily Faceoff’s Frank Seravalli reports (Twitter link) that the deal is worth $92.8MM in total for an AAV of $11.6MM.  Chris Johnston of TSN and The Athletic adds (Twitter link) that $47MM of the payout is in the form of signing bonuses while the contract carries a full no-move clause once he’s eligible for the 2025-26 season.  CapFriendly has the full breakdown which is as follows:

2024-25: $2.5MM salary, $12MM signing bonus
2025-26: $4.5MM salary, $10MM signing bonus
2026-27: $11.0MM salary
2027-28: $9.45MM salary, $5MM signing bonus
2028-29: $7.25MM salary, $5MM signing bonus
2029-30: $3.7MM salary, $5MM signing bonus
2030-31: $3.7MM salary, $5MM signing bonus
2031-32: $3.7MM salary, $5MM signing bonus

Vancouver drafted the 25-year-old in the first round (fifth overall) back in 2017 and since then, he has gone from being a key core piece to a legitimate franchise player.  Pettersson won the Calder Trophy in his rookie campaign in 2018-19 where he had 66 points and followed that up with 66 more the following season.  However, an injury-riddled 2020-21 season ultimately resulted in the two sides settling on a three-year bridge deal, one that was set to expire this summer where he would have been a restricted free agent with salary arbitration eligibility and a year away from unrestricted free agency.

Pettersson made a big jump on the offensive side of things last season, setting new career highs across the board with 39 goals and 63 assists, finishing tenth in NHL scoring.  That fuelled speculation that the two sides would work out a long-term agreement last summer and put any speculation to rest.  However, Pettersson and his camp had repeatedly indicated that his preference was to wait until the offseason before making a determination on his next contract.

This season, Pettersson’s per-game averages are down just slightly as he’s on pace for 38 goals and 61 assists, numbers that are still upper-tier league-wide while he is an all-situations player.  That had only helped spur on speculation about his willingness to sign long-term with the Canucks since he was still wanting to wait until the offseason to put pen to paper on his next contract.  That speculation got to the point where Vancouver and Carolina reportedly entered into serious discussions about a potential trade before both Vancouver and Pettersson took a step back and opted to take a real run at hammering out a new deal, talks which clearly proved fruitful.

The contract is by far the richest in franchise history, an outcome that shouldn’t come as much surprise considering Pettersson’s recent performance and the high demand for top-end centers.  The deal will make him the fifth-highest-paid player AAV-wise in the NHL next season behind only Auston Matthews, Nathan MacKinnon, Connor McDavid, and Artemi Panarin.

Vancouver now has a little over $60MM in spending on the books for next season per CapFriendly to just a dozen players with Filip Hronek headlining their crop of restricted free agents.  Of note, only two full-time regular defensemen are under contract for 2024-25 so Allvin will need to allocate a lot of their remaining money to filling out the back end.  Meanwhile, Pettersson is now one of just three Canucks under contract past the 2026-27 campaign, joining center J.T. Miller and blueliner Quinn Hughes.

Photo courtesy of USA Today Sports Images.

Canucks Reassign Arshdeep Bains

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The Canucks have assigned left-winger Arshdeep Bains to AHL Abbotsford, GM Patrik Allvin said Friday. Bains had been on the roster since a Feb. 17 recall, the first of his NHL career.

The 23-year-old didn’t record a point in his first five NHL outings, posting a -3 rating and three shots on goal while averaging 12:57 per game. He spent a little over a third of his 5-on-5 ice time with Conor Garland and Elias Lindholm, although the trio struggled to maintain possession with a 38.1% expected goals share, per MoneyPuck. Individually, Bains posted poor possession numbers with a 45.5 CF% at even strength and an expected rating of -1.6, although starting 61% of his shifts in the defensive zone likely didn’t help matters.

That showing shouldn’t detract much from a promising season for the Surrey, British Columbia native, though. An undrafted free agent signing by the Canucks from the WHL’s Red Deer Rebels in 2022, Bains has broken out for nine goals and 30 assists for 39 points in 42 games in his sophomore season with Abbotsford, leading the team in scoring. His +13 rating is also a team-high.

Bains doesn’t yet require waivers for a minor-league assignment, and it’ll be a while before he does. He must play two more professional seasons or 75 NHL games, whichever comes first, before his waiver exemption lapses.

He now returns to Abbotsford, where he’ll earn his minor-league salary of $70K compared to his NHL salary of $775K. He has one more season remaining on his entry-level contract, with a cap hit of $816.7K. He’ll be an RFA upon expiry in 2025.

Canucks Were Finalists For Chris Tanev

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Among the finalists for Tanev were the Avalanche, Canucks, Maple Leafs, and Oilers, TSN’s Pierre LeBrun said on Thursday’s episode of “Insider Trading.” Toronto was in conversations later than other teams, as LeBrun reports Leafs GM Brad Treliving had discussions with the Flames’ front office as late as hours before Tanev was dealt to Dallas.

Canucks, Hurricanes Discussed Elias Pettersson Trade Before Extension Talks

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The Vancouver Canucks came close to trading star centerman Elias Pettersson, Sportsnet’s Elliotte Friedman reports. Friedman shared that Vancouver was engaged in trade talks with the Carolina Hurricanes that advanced a serious enough point that Vancouver was forced to make a decision – ultimately opting to take another pass at extending the top-scoring 25-year-old. News of the trade talks was enough to inspire Pettersson to allow his representative Pat Brisson to continue discussing a new deal in Vancouver. The two sides remain steadfast on finding an extension, as reported earlier this week.

While Pettersson rumors have swirled around in light of few extension talks, there has yet to be serious weight to any trade talks. That’s now changed, as the Canucks inched towards dealing their star to one of the NHL’s premier teams. There’s no doubting that any deal involving Pettersson would go down in history. The young forward has 29 goals and 75 points in just 61 games this season, scoring at an 82-game pace of 39 goals and 101 points. That would fall just narrowly short of the career-high Pettersson recorded last season, when he managed 39 goals and 102 points in 80 games.

Pettersson’s scoring this season leads all U26 players in the NHL, ahead of major names like Cale Makar, Jesper Bratt, Jack Hughes, and Tim Stutzle. Speculating a price for such one of the league’s top players is never an easy feat – and Pettersson’s case is made even more difficult by the lack of clear assets on either side. The most recent comparable deal is likely when the Calgary Flames traded Matthew Tkachuk to the Florida Panthers for Jonathan Huberdeau, MacKenzie Weegar, Cole Schwindt, and a first-round pick.

But that trade swapped one 100-point scorer for another, something that Carolina neither has nor would be willing to part with. The Hurricanes’ greatest value sits in 26-year-old Sebastian Aho, 21-year-old Seth Jarvis, and 23-year-old Andrei Svechnikov. One of these names would likely need to move in a Pettersson deal – both to add value and create lineup space – though Carolina would still likely need to add value. That could come in the form of reliable centerman Martin Nečas, who has come into his own in recent seasons, or defense depth such as Brett Pesce, Brady Skjei, or Dmitry Orlov. Carolina also has their first-round pick in each of the next three drafts, all of which could have come into play.

Vancouver is, for now, aiming towards extending Pettersson – likely poised to offer him a record-setting contract. If they do, they’ll lock up their forward of the future to lineup alongside defenseman of the future Quinn Hughes, who has three more seasons left in a six-year, $47.1MM contract signed in October of 2021.

Vancouver Canucks, Elias Pettersson Making Progress On Extension

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According to Frank Seravalli of The Daily Faceoff, the Vancouver Canucks and forward Elias Pettersson are making progress on a contract extension that would keep Pettersson in British Columbia for the next eight seasons, and it could be announced within the next several days. This marks a significant change in attitude from Pettersson, who appeared adamant about not wanting to discuss an extension with the Canucks during the season.

It will be interesting to see what the eventual dollar amount that Vancouver will give to Pettersson on this new contract. Heading into the offseason, the Canucks will have approximately $35.74MM available to them in cap space, with a total of nine players set to become unrestricted free agents, and another two set for restricted free agency, including Pettersson. Comparing Pettersson’s production and recent contracts given out to similar players, Pettersson could earn anywhere between $11MM-$13MM on this new deal.

Over the last two years, Pettersson has taken his production to another level, scoring 68 goals and 177 points in his last 141 games in Vancouver. Currently sitting 10th in the league in scoring on a team contending for the President’s Trophy, there is every reason to believe that Pettersson will finish much higher than 18th in Hart Trophy voting like he did last season.

Unfortunately, with the Canucks being tight to the cap ceiling even with the salary cap set to increase to $87.7MM next year, this likely means that Vancouver will be unable to extend recently acquired Elias Lindholm to a new deal. With Lindholm reportedly seeking an AAV of $9MM on his next contract, it would be rare to see a team sign their first- and second-highest-paid forward in the same offseason.

Nevertheless, this will set the Canucks core in place for the long haul, with the trio of Pettersson, J.T. Miller, and Quinn Hughes locked up until at least the 2026-27 season. Now that everything is clicking in Vancouver, the Canucks will now be able to reallocate money to supplement their core for the future.

Carson Soucy, Dakota Joshua To Meet With Team Doctor

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  • In an update on a couple of injured members of the Vancouver Canucks, Brendan Batchelor of Sportsnet reports that defenseman Carson Soucy will see the team doctor today, and that forward Dakota Joshua will see the team doctor later this week. In his first year with the organization, Soucy has seemingly been injured for much of the year, already having missed half the season with still 20 games to go. The team will be hoping for positive news coming out of the meeting with the team doctor, as the Canucks would like to get Soucy back into the lineup in preparation for the 2024 Stanley Cup playoffs.

    [SOURCE LINK]

Canucks Have Shown Interest In Brandon Duhaime

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The Canucks are showing interest in Wild bottom-six grinder Brandon Duhaime, reports Frank Seravalli of Daily Faceoff. As Seravalli notes, there’s no guarantee the Wild will shop any of their players with the postseason still a possibility. Still, he would add an element of experience and physicality to the Canucks that contenders often like to stock up on at deadline time.

The Wild are back above .500 and sit with a 28-24-6 record, good enough for 62 points. That places them four points behind the Predators for the second wild-card spot in the Western Conference with one game in hand. After a 7-2-1 run in their last 10, MoneyPuck pegs them with a 24.6% chance of leapfrogging both the Blues, who are tied with Minnesota but have played one fewer game, and Nashville, to squeak into the playoffs. Those odds are actually significantly higher than St. Louis, who now sits at 9.6% with a tougher schedule down the stretch and a .500 pace in their last 10 games.

It’s also extremely unlikely they opt to sell. GM Bill Guerin has expressed confidence in his squad as a playoff team throughout their tumultuous campaign, and their most prominent trade chip, goaltender Marc-André Fleury, carries a no-movement clause and recently indicated he’d like to stay in Minnesota as they push for the playoffs down the stretch. Duhaime, Jake Lucchini and Pat Maroon are the only three pending UFA forwards on the NHL roster, while declining veteran defenders Zach Bogosian and Alex Goligoski, as well as AHL mainstay Dakota Mermis, are pending UFAs on the blue line.

Duhaime, 26, has 189 games of NHL experience since making his debut with the Wild in 2021, scoring 19 goals and 33 points in that time. He notched a career-high 17 points and 122 PIMs in 80 games during his first season, but he’s not on pace to eclipse either mark in 2023-24. He’s averaged between 10 and 11 minutes per game in each of his three seasons, entrenching himself firmly in a fourth-line role in Minnesota.

His usually below-average possession numbers have been significantly worse this season, posting a Corsi share of 44% at even strength and an expected -6.6 rating, the latter of which is the worst on the team. As such, his most common linemates, Connor Dewar and Vinni Lettieri, have struggled to limit scoring chances against when on the ice together, controlling 42% of expected goals through 99 minutes together, per MoneyPuck.

Playing in all 58 Minnesota games this season, selling Duhaime while there’s interest may behoove the Wild regardless of their playoff aspirations. It may even benefit them – his possession impacts have been poor enough this season that a Duhaime deal could be a case of addition by subtraction. They’d also free up his $1.1MM cap hit (or part of it, if they choose to retain money) for the remainder of the year to use elsewhere.

Acquiring Duhaime, as well as the eventual return of the injured Dakota Joshua, would push recent call-up Arshdeep Bains and fringe winger Phillip Di Giuseppe out of a job in Vancouver’s bottom six. Bains, while he’s brought an energy element that head coach Rick Tocchet has praised over this three-game NHL stint, has no points and a -3 rating. Di Giuseppe has three goals and eight points through 40 games this year, averaging 12:15 per game.

Canucks Assign Jett Woo To AHL

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The Canucks assigned defenseman Jett Woo to AHL Abbotsford on Sunday, per a team announcement.

Woo, 23, has advanced up the Vancouver depth chart in recent weeks to become a tweener option after spending all of his pro career in the minors. The 2018 second-round pick has been recalled twice this month but has been healthy scratched in every game he’s been rostered for, so he’s yet to make his NHL debut.

He projects as a defensive-minded blue-liner with some decent puck-moving skills, posting 18 points in 44 games with Abbotsford this season. He’s in his fourth professional season after wrapping up his junior career with the WHL’s Calgary Hitmen in 2020.

Woo is signed to a one-year, two-way extension that pays him $775K at the NHL level and $100K in the minors, and he will have arbitration rights if the Canucks extend him a qualifying offer this summer. The Winnipeg native is unlikely to see NHL ice this year unless injuries strike the Canucks’ blue line, as the emergence of Nikita Zadorov and Noah Juulsen as a strong shutdown third pairing has limited opportunities for other depth defenders, such as Mark Friedman, to enter the lineup.

Sending Woo to Abbotsford extends his temporary waiver exemption, as he must clear waivers to return to Abbotsford if he’s on the roster for more than 30 days this season. It also opens one spot on the 23-man roster, which could be used to activate Dakota Joshua or Carson Soucy off IR in the coming days.

Vancouver Canucks Announce Multiple Roster Moves

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The Vancouver Canucks have placed centerman Dakota Joshua on injured reserve retroactive to February 13th and Carson Soucy on long-term injured reserve. Joshua is currently week-to-week with a hand injury, while Soucy has already missed the required 10 games, making him eligible to be activated off of LTIR whenever he’s healthy.

In a corresponding move, Vancouver has also recalled defenseman Jett Woo from the AHL. Woo recently received the first midseason call-up of his career, though he’s still waiting to play in his first NHL game. Woo has scored 18 points in 44 AHL games this season, a mark that, surprisingly, ranks second among Abbotsford Canucks defensemen.

Vancouver has promoted rookie forward Arshdeep Bains to the NHL to help fill in for Joshua’s absence. Bains, who has nine goals and 39 points in 42 AHL games this season, made his NHL debut in the team’s Tuesday matchup against the Colorado Avalanche, recording no points, one penalty, and a -2 in roughly 13 and a half minutes of ice time. Bains also added two shots on net, three hits, and one takeaway. He will likely get an extended look in the lineup, though Vancouver also has Sam Lafferty operating as a healthy scratch.

Woo will join Mark Friedman as the extra defenseman on the Canucks roster, backing up Noah Juulsen, who has filled in while Soucy is out. Friedman has appeared in 20 games with Vancouver this season, scoring one point and tallying 21 penalty minutes. Juulsen has six points and 16 penalty minutes of his own, scored through 41 games. Woo would offer a change of pace from each veteran depth defenseman, though the Canucks could be wanting more from the 23-year-old before they rely on him as anything more than added depth.

Jacob Truscott Won’t Sign With Canucks, Set To Become UFA This Summer

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We’re still a few weeks away from the first round of college free agency that will happen as NCAA seasons come to an end but there is some news on the second round which comes in mid-August.  CHEK’s Rick Dhaliwal recently reported on Sportsnet 650 (audio link) that defenseman Jacob Truscott will not sign with the Canucks and will instead hit the open market in the summer.

The 21-year-old was a fifth-round pick back in 2020 (144th overall) and is in his fourth and final season at Michigan.  Last season was his best offensively in terms of points per game when he put up 16 points in 23 games playing alongside Luke Hughes on their top pairing before suffering a season-ending leg injury.  This season, Truscott’s numbers are down a bit although the captain still has 13 points in 30 games so far.

This may be a case of the numbers game quashing a chance for Truscott to join Vancouver.  The team has been aggressive in signing college free agents lately headlined by blueliners Akito Hirose and Cole McWard while blueline prospect Elias Pettersson is set to turn pro next season along with Kirill Kudryavtsev, limiting Truscott’s opportunities if he was to sign with the Canucks.

If Truscott is amenable to signing with another team and not hitting the open market, it’s possible that Vancouver could use his signing rights in a trade to get some sort of return.  Otherwise, he’ll become a free agent on August 16th.

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