With a number of key restricted free agents having signed in the last few days, only a few holdouts remain. However, one has come off the board as the Colorado Avalanche have signed star winger Mikko Rantanen to a six-year, $55.5MM contract with an AAV of $9.25MM, according to NHL.com’s Brennan Klak.
“Mikko has established himself as one of the premier young wingers in the NHL and is a big part of our core group,” general manager Joe Sakic said. “We look forward to having him back with the team as we get ready to start the season.”
The breakdown of the deal is here as Rantanen contract is all base salary with no signing bonuses (according to CapFriendly):
2019-20: $12MM base salary
2020-21: $12MM base salary
2021-22: $10MM base salary
2022-23: $6MM base salary
2023-24: $9.5MM base salary
2024-25: $6MM base salary
The deal looks like a good one for the Avalanche if compared to the only other significant long-term deal to compare it to, which was Mitch Marner’s six-year deal worth $65.36MM and a $10.89MM AAV. With Rantanen locked up at $9.25MM and Nathan MacKinnon’s $6.3MM AAV, the team has a young tandem locked up for a inexpensive $15.55MM for the next four years.
Considering Rantanen’s statistical production, Colorado looks to have gotten a steal. Rantanen has potted 80 goals and 209 points over three seasons including a career-high 31 goals and 87 points and many believe that there is plenty more to come. Marner, on the other hand, hasn’t come close to putting up the same points over his three-year span as he has tallied 67 goals and 224 points, yet walked away with the bigger contract, suggesting that Colorado may have walked away with a impressive contract considering what they were up against with the Marner contract hanging over their heads.
The Avalanche still have a significant amount of cap space remaining as Puckpedia reports that Colorado still has $7.1MM remaining in projected cap space even after signing Rantanen to his deal.
As for Rantanen, who is currently overseas, he must pass through immigration before he can come to Colorado, although reports suggest there is still a good chance Rantanen could be available to the team for their season opener on Thursday, Oct. 3 when they play the Calgary Flames at home.
Elliotte Friedman was the first to report on the signing.