Hurricanes Sign Joel Nystrom To Four-Year Extension

The Hurricanes announced they’ve signed rookie defenseman Joel Nystrom to a four-year, $4.9MM contract extension. The deal carries a cap hit of $1.225MM beginning next season and running through the 2029-30 campaign.

Nystrom was ticketed for restricted free agency next summer as he wraps up his entry-level contract. The right-shot Swede was a seventh-round pick in 2021 out of the SHL’s Färjestad BK and spent three seasons there before inking a two-year ELC with Carolina in 2024. The Canes loaned him back out to Färjestad for most of last season but brought him over to finish the year with AHL Chicago once his season ended.

Now, he’s an under-the-radar success story who lands multi-year security before most fans outside of Carolina – even hardcore ones – even know his name. The 5’11” puck-mover didn’t even make the Canes’ opening night roster but only lasted three games in the AHL, recording one assist, before getting called up to Carolina in late October in the wake of Jaccob Slavin’s injury.

The 23-year-old’s lengthy resume of professional play in his home country no doubt pushed him higher up on the depth chart for a recall despite his lack of North American professional experience. He won a league title with Färjestad as a sophomore in 2022 and ended his five-year tenure with the club last year after recording a 25-61–86 scoring line in 221 games with a +13 rating. In his final two seasons with the club, he led or co-led its blue line in scoring with 26 and 27 points, respectively, in 51 games each.

Nystrom’s game relies purely on his transition skills. He may have some long-term upside as a secondary power-play quarterback, but he has just four assists through 23 games, averaging a few ticks over 16 minutes per night. Physicality is almost entirely absent from his game, recording just 14 blocks and five hits. Nevertheless, he’s been active with the puck and has usurped veteran Mike Reilly for a regular job in the lineup while Slavin continues to rehab from his lower-body injury. His 59.0% share of expected goals at 5-on-5 ranks third among Carolina defenders behind Reilly and K’Andre Miller.

For this season, it’s hard to envision Nystrom sticking in the lineup when Slavin returns. His waiver-exempt status makes it likely he’ll be the one ferried to the minors to open up a roster spot rather than Carolina exposing a piece of valuable veteran depth in Reilly to the wire. Reilly is a pending unrestricted free agent, though, leaving the door wide open for Nystrom to open the season on the Canes’ roster in 2026-27. His new seven-figure salary makes him a safe bet to do so.

His cap hit will be beneath the buriable threshold by the time the deal wraps up if he doesn’t pan out as a long-term NHLer, so there’s little risk for the Canes in that sense. If he can stick around as an everyday second or third-pairing right-shot option with power-play upside, that’s a bargain play. Still, it’s jarring to see a player land nearly $5MM in guaranteed money – particularly as a late-round pick – before even scoring their first NHL goal. The only recent precedent for that is Sabres defender Mattias Samuelsson, who inked a much richer seven-year, $30MM extension in 2022 after going goalless with 12 assists through his first 52 NHL appearances.

Image courtesy of James Guillory-Imagn Images.