The Minnesota Wild have signed restricted free agent Mikael Granlund to a new three-year, $17.25MM contract. Granlund was scheduled for a salary arbitration hearing on Friday, and would have exchanged figures with the team tomorrow morning. While the deal will carry a $5.75MM average annual value, it breaks down as follows:
- 2017-18: $5.25MM
- 2018-19: $5.5MM
- 2019-20: $6.5MM
Granlund’s deal comes in an average of $500K more each season than fellow Wild RFA Nino Niederreiter, despite only giving up one year of unrestricted free agency. The 25-year old broke out this season after a move to the wing, scoring 26 goals and 69 points in 81 games. He followed that up by garnering both Selke and Lady Byng votes, and is a big part of one of the best two-way forward groups in the NHL.
The $5.75MM cap hit comes in fairly high for a player who only has one season with more than 45 points, though the Wild clearly believe in Granlund’s ability to repeat his performance. Ondrej Palat, who gave up four UFA seasons and has a longer track record of offensive success received just $5.3MM per season, though he doesn’t have the same versatility. At Granlund’s hit, he’ll come in as the third-highest paid forward on the Wild behind just Zach Parise ($7.54MM) and Mikko Koivu ($6.75MM). That will come with some added responsibility, and there is some risk to the deal.
Granlund enjoyed a shooting percentage almost twice as high as his previous career total, and rode that to an easy career-high in goals. Regression even to 10% (which would have still been a career-high) would have lost him nearly 10 goals. If he’s discovered a way to put the puck in the net more frequently (which is entirely possible) he’ll likely fulfill the contract with ease, but if he takes a small step backwards it could backfire. The two sides agreed upon a relatively short-term deal for likely this exact reason; Minnesota is minimizing risk, while Granlund believes he’ll be worth even more when he hits free agency.
The Wild now have just Marcus Foligno left to sign, acquired in a trade with Buffalo for Marco Scandella and Jason Pominville. While he’ll likely only command a salary somewhere between $2-3MM per season, the team is getting very close to the salary cap ceiling for the upcoming season. Even with Foligno signed they have just 11 forwards listed on their CapFriendly page, meaning they’re actually at least $650K closer to that ceiling when they bring up a young player to fill the last spot. That’s without carrying a 13th forward or 7th defenseman, either of which will put them right up against the cap—they also have a third goaltender listed currently, which won’t be there when the season begins.
Calvin de Haan and Nate Schmidt remain as the final two players scheduled for arbitration hearings, and both have exchanged figures already.
Michael Russo of the Star Tribune was first to report the contract details on Twitter.
Photo courtesy of USA Today Sports Images
The Wild need to pull it together this season. There’s not going to be a lot of flexibility to add depth.
Suter makes more than Koivu, I believe. Weird that we were only able to extract one year of FA for a higher AAV deal then I expected….
I was thinking the same. Suter has a cap hit of $7.54MM through 2025. Perhaps they meant third highest paid forward…
I did definitely mean among forwards. It’s changed.