6:15pm: The Coyotes have made the deal official, announcing the signing of Caggiula. The team also confirmed the reported one-year and one-way terms, but did not disclose financial details. New Coyotes GM Bill Armstrong called his latest addition a “hard-working, versatile forward and a strong skater” in the team’s release.
4:00pm: The Arizona Coyotes are expected to sign unrestricted free agent Drake Caggiula to a one-year deal according to John Gambadoro of Arizona Sports 98.7. Elliotte Friedman of Sportsnet adds that the deal will likely be for $700K, a nice bargain for a useful depth player.
Caggiula, 26, was left unqualified by the Chicago Blackhawks this offseason, making him a UFA. He scored just 15 points in 40 games during the 2019-20 season, but nine of those were goals. The undrafted forward has shown a knack for scoring despite limited minutes, registering seasons of 13 and 12 goals previously.
A $700K salary will be less than half of what Caggiula made last year, another example of how the COVID-19 financial climate is affecting players on the fringes of NHL rosters. Where Caggiula really fits in Arizona isn’t clear, but with taxi squads, he is a perfect depth option for the league minimum.