(Photo : (Photo by Derek Cain/Getty Images)) VANCOUVER, CANADA – APRIL 8: Elias Pettersson #40 of the Vancouver Canucks celebrates after scoring a purpose in opposition to Jacob Markstrom #25 of the Calgary Flames through the first interval of their NHL recreation at Rogers Arena on April 8, 2023 in Vancouver, British Columbia, Canada.
According to a number of reviews, Vancouver Canucks star middle Elias Petterson has signed an eight-year contract extension to stay with the membership.
The deal is reportedly price a complete of $92.8 million over the eight years for a median annual worth of $11.6 million {dollars}. The deal is the fourth richest within the historical past of the league by way of complete worth, and it comes with a full no-movement clause within the last seven seasons.
Elliotte Friedman of Sportsnet reported earlier this week that commerce negotiations between the Canucks and Carolina Hurricanes had progressed to some extent the place each the Canucks and Petterson needed to suppose lengthy and laborious concerning the relationship between the 2 events.
A commerce of Petterson in the midst of the implausible season that the Canucks are having over stalled contract negotiations would have been a catastrophe of epic proportions within the eyes of the fan base.
This group has waited a very long time to succeed in rivalry standing once more, and having to commerce away their younger star participant moderately than extending him would have burned all the good will that the group had constructed up after struggling for an entire decade.
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What This Means For Elias Petterson and the Canucks
The Canucks now have some extraordinarily worthwhile certainty that their most vital constructing block shall be round for the long run and the way a lot it would price to have him there.
Petterson and captain Quinn Hughes are each tied up for the foreseeable future, however the Canucks haven’t got lots on the books long run outdoors of these two and J.T. Miller.
Hughes is the one key defenseman that the group has underneath contract for subsequent season, and the Canucks must make the most of their cap area to both retain their present group or exit and enhance it within the commerce market and free company.
The contract is a win-win for each side, because it supplies the Canucks with certainty whereas Petterson will get rewarded for his excellent efficiency this season as he led the Canucks to the highest of the Pacific Division in a season they had been anticipated to only compete for a wild card spot.
As of proper now, Elias Petterson would be the fifth-highest paid participant within the league subsequent season by way of his cap hit behind Auston Matthews, Nathan MacKinnon, Connor McDavid, and Artemi Panarin.
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