The New Jersey Devils announced they have signed restricted free agent Miles Wood to a four-year, $11MM deal with an AAV of $2.75MM. Wood is expected to report to practice tomorrow at the Prudential Center, according to NHL.com’s Amanda Stein.
Wood had a breakthrough season last year when he tallied 19 goals, 32 points and 84 penalty minutes in his second season for New Jersey, while playing in a bottom-six role. Despite losing playing time once the playoffs hit, the 23-year-old restricted free agent opted to hold out during training camp. The Athletic’s Corey Masisak reports that the Devils management and Wood went back and forth between one, two, three, and four-year contracts before finally agreeing to the four-year deal. It’s likely Wood was willing to give up term in order to get more money from the Devils. Despite the four-year deal, Wood will still be a restricted free agent when this contract ends as he’s not eligible for unrestricted free agency until 2023.
With Wood off the board, there remain just three restricted free agents remaining that have not signed a deal and are holding out, including Toronto Maple Leafs’ William Nylander, Vegas Golden Knights’ Shea Theodore and Anaheim Ducks’ Nick Ritchie.
Elliotte Friedman was the first to report Wood’s AAV.