6:05 PM: The team officially announced the signing, confirming the four-year, $11MM terms.
2:07 PM: The Vegas Golden Knights have reached a new contract with restricted free agent Chandler Stephenson according to Elliotte Friedman of Sportsnet. The new four-year deal will carry an average annual value of $2.75MM. PuckPedia reports the full breakdown:
- 2020-21: $1.625MM
- 2021-22: $3.025MM
- 2022-23: $3.125MM
- 2023-24: $3.225MM
Stephenson, 26, ended up in Vegas last December through a trade with the Washington Capitals and cost the team just a fifth-round pick. Despite winning a Stanley Cup with the Capitals in 2018, Stephenson still hadn’t really shown his full potential. That’s exactly what happened in Vegas though, as he finally got a chance to line up at center on a regular basis and ended up scoring eight goals and 22 points in just 41 games.
This contract keeps him in the lineup at a reasonable cost, but the Golden Knights do have some cap issues to deal with in the coming days. The team is trying hard to move Marc-Andre Fleury, but are well over the $81.5MM cap with spots on the roster to fill and improvements to be made.