The Vancouver Canucks have signed forward Nils Höglander to a three-year contract extension worth a total of $9MM (twitter link). The new deal will begin in the 2025-26 season and carry an average annual value of $3MM. Höglander is entering the final season of a two-year, $2.2MM contract and will almost triple his cap hit with his new deal.
The 23-year-old set career highs last season in games played (80), goals (24) and points (36) and shot a whopping 20% with a +23 plus/minus rating. He then made his NHL playoff debut, dressing in 11 games and posting a goal and an assist.
This year the Canucks were very happy with the way Höglander came into training camp and elected to sign him to an extension rather than waiting until the end of the season. Whether the extension will be a bargain will depend on which version of Höglander they get going forward. In 2022-23, the former second-round pick struggled, dressing in just 25 games and posting just three goals and six assists. His shooting percentage that season was just 10.3%.
The native of Bockträsk, Sweden is entering his fifth NHL season and has dressed in 221 games with Vancouver, posting 50 goals and 40 assists and has become somewhat of an analytics darling. Last season, Höglander had terrific possession numbers posting a CF% of 53.1% at even strength.
At this early stage of his career, Höglander could just be scratching the surface and may end up being a bargain for Vancouver. On the other hand, Höglander is unlikely to duplicate his shooting percentage from last season, which could lead to a drop in goal scoring. The good news for Vancouver is that Höglander does enough good things without the puck so even if his goal-scoring drops off he should remain good value on his new contract.