Canucks Sign Drew O’Connor To Two-Year Extension

Feb. 19: O’Connor’s extension actually does carry some trade protection – a modified 12-team no-trade clause in both seasons, per PuckPedia.

Feb. 18: The Canucks have agreed to terms on a two-year, $5MM extension with winger Drew O’Connor, per a team announcement. He’ll carry a cap hit of $2.5MM in the 2025-26 and 2026-27 campaigns. His deal carries a $775K salary with a $2.075MM signing bonus in Year 1, followed by a $2.15MM salary with no bonuses in Year 2, PuckPedia reports.

O’Connor, 27 in June, was set for unrestricted free agency this summer after Vancouver acquired him along with defenseman Marcus Pettersson from the Penguins at the beginning of the month. After extending Pettersson on a six-year, $33MM deal a few days later, they’ve ensured both acquisitions will remain with the club past the stretch run.

While an afterthought in the deal compared to Pettersson, O’Connor has two goals on 10 shots in four games since the trade, including a penalty shot winner in overtime against the Sharks on Feb. 6. He has a plus-one rating, and the Canucks have controlled shot attempts 58-53 when he’s on the ice at even strength. He’s spent most of his time in the top six with Brock Boeser and Filip Chytil, helping the trio control 59.3% of expected goals through 28 minutes, per MoneyPuck. It’s a small sample, but he’s been a good fit in Vancouver early on.

O’Connor is no stranger to playing a complementary top-six role. He’s spent most of the last two years in Pittsburgh getting reps on Sidney Crosby’s wing, including his breakout 2023-24 campaign that saw him net 16-17–33 in 79 games. The New Jersey native’s production had dipped this year before the trade, limited to 6-10–16 in 53 games with the Pens, but he’s tracking to rediscover more reliable top-nine production with the Canucks.

Over his 214-game career, the undrafted free agent signing out of Dartmouth has 32-36–68 with a minus-five rating. That averages out to 12 goals and 26 points per 82 games, and while that looks more like fringe third-line production, he’s tracking upward. Considering he’s demonstrated top-six utility, betting on his value to replicate or eclipse a $2.5MM cap hit amid a rising upper limit is a prudent move from Vancouver general manager Patrik Allvin, especially on a short-term deal with no trade protection.

O’Connor will now have to wait until 2027 to test unrestricted free agency for the first time. Meanwhile, the Canucks now have $75.87MM committed to 15 players for the 2025-26 campaign, per PuckPedia. With the salary cap increasing from $88MM to $92.5MM, they have $19.63MM in projected space to fill eight roster spots, a good chunk of which is earmarked for extension negotiations with pending UFAs. Brock Boeser and Kevin Lankinen.

Image courtesy of USA Today Sports.