Minnesota Wild Extend Matt Boldy

The Minnesota Wild have some good news for fans on a Monday morning. Matt Boldy has signed a seven-year extension, keeping him locked up through the 2029-30 season. The $49MM deal will carry an average annual value of $7MM and avoids any restricted free agency with the young forward. It does not include any signing bonuses. PuckPedia has the full breakdown:

• 2023-24: $8.0MM
• 2024-25: $9.7MM
• 2025-26: $7.7MM
• 2026-27: $6.0MM
• 2027-28: $5.96MM
• 2028-29: $5.82MM + 10-team NTC
• 2029-30: $5.82MM + 10-team NTC

It’s hard to find a more worthwhile young player to extend around the league, as Boldy has been excellent for Minnesota since the moment he entered the lineup. Last season as a rookie, skating mostly beside Kevin Fiala, Boldy managed 39 points in 47 games. He was credited as a huge reason why his linemate finally reached a consistent performance, and it helped Fiala land a massive contract of his own.

This time around, he hasn’t had quite the same level of offensive teammates, most often hitting the ice with 29-year-old undrafted center Frederick Gaudreau. Still, Boldy has 12 goals and 29 points in 42 games, good enough for fourth on the Wild.

While those numbers are down a bit from last year, there’s no one that doubts Boldy anymore. The 12th overall pick from 2019 is a good bet to be a core piece of Minnesota’s attack for the next decade, and they got an early jump on extending him in order to save some money down the line.

Of course, given his youth, it will seem like quite a hefty expenditure. Boldy, 21, becomes the fourth-highest-paid 23-and-under player in the league, only trailing Tim Stutzle, Jack Hughes, and Andrei Svechnikov. Those are big names to follow, but there’s plenty of optimism that he’ll quickly outpace a $7MM price tag.

Notably, despite the excitement, the Wild are going to have some tough decisions to make now. The team now has more than $74MM committed to just 14 players for next season, with several RFAs still to go. Calen Addison, for instance, will be in line for a hefty raise after his breakout season, while Filip Gustavsson, Sam Steel, Brandon Duhaime, and Mason Shaw also need new deals.

With the buyout penalties for Zach Parise and Ryan Suter actually increasing for the next two years, the team is going to need to cut money elsewhere.

Still, Boldy represents a big part of the future of the Wild, and is now locked in at a reasonable rate. If the salary cap does take a substantial jump in a few years, and he continues to develop, it could even look like a bargain.