RFA Profile: Elias Pettersson
Elias Pettersson burst onto the scene in 2018-19, immediately becoming a top-line player on the Canucks. He has been a fixture in that role since then, putting him in line for a substantial raise once he signs his second contract which should be at some point over the next few weeks with training camps fast approaching.
Drafted as a center, the 22-year-old has split time between playing down the middle and on the wing which expands the pool of comparable players to work from. Either way, Pettersson is going to be staying on the top trio.
There are a couple of elements that are going to be at play in these talks. One is that he missed the last 30 games with a wrist injury and while no one is saying he had something to prove there, he’s basically working off of two years worth of NHL games played whereas many of his comparables had three full years under their belt. It’s not going to drastically affect his value but it’s going to be something to keep in mind.
The other is Vancouver’s cap situation. By the time they whittle their roster down and place Micheal Ferland on LTIR, they’re going to have around $15MM to spend. That’s plenty for Pettersson but there’s also Quinn Hughes that needs to be signed. They can’t both get long-term deals; at least one of them is getting a bridge. How talks go with one will play a big role in negotiations for the other. (Both happen to be represented by CAA’s Pat Brisson as well.)
Statistics
2020-21: 26 GP, 10-11-21, even, 66 PIMS, 63 shots, 18:34 ATOI
Career: 165 GP, 65-88-153 (0.93 points per game), +19, 36 PIMS, 369 shots, 18:24 ATOI
Comparables
Brayden Point (Tampa Bay, 2019) – Let’s look at a couple of bridge options first. Point was basically stuck signing one due to Tampa’s cap situation, a situation that Pettersson could be in as well depending on what happens with Hughes. Point’s trajectory is different than Pettersson’s in that he started slower but had a dominant platform year which wasn’t an option for Pettersson but the per-game average numbers are somewhat close overall.
Platform Year Stats: 79 GP, 41-51-92, +27, 28 PIMS, 191 shots, 18:55 ATOI
Career Stats at ELC Expiration: 229 GP, 91-107-198 (0.86 points per game), +49, 66 PIMS, 530 shots, 18:38 ATOI
Contract: Three years, $20.25MM
Cap Hit Percentage: 8.28%
Current Equivalent: Same as above
Mathew Barzal (NY Islanders, 2021) – Barzal wasn’t able to repeat his rookie-season performance over his second and third years but still notched at least 60 points each time, a level of production Pettersson hit in his first two years, albeit with fewer games played. Like Point, this deal was basically forced by New York’s cap situation and as it was signed earlier this year, it also stands as the most recent comparable out there.
Platform Year Stats: 68 GP, 19-41-60, +5, 44 PIMS, 171 shots, 20:03 ATOI
Career Stats at ELC Expiration: 234 GP, 59-148-207 (0.88 points per game), -1, 126 PIMS, 520 shots, 18:25 ATOI
Contract: Three years, $21MM
Cap Hit Percentage: 8.59%
Current Equivalent: Same as above
Those are basically the only two comparable players in the price range that it’s going to cost on a short-term contract so let’s look at a few longer-term deals. The cost gets a lot higher with some UFA years being bought out as a result.
Jack Eichel (Buffalo, 2017) – Yes, this is a big contract but the offensive output between the two at the end of their entry-level deals is pretty close. Eichel had the strength of a higher draft seed (second) and the fact he was basically Buffalo’s franchise player from the moment he was drafted. Those gave him a bit of a boost that Pettersson might not be able to get but the numbers – which matter the most in contract talks – arguably have Pettersson in this range. This contract was also viewed as a reach at the time but it’s still usable as a comparable.
Platform Year Stats: 67 GP, 25-39-64, -25, 32 PIMS, 246 shots, 20:09 ATOI (deal was signed pre-platform)
Career Stats at ELC Expiration: 209 GP, 73-104-177 (0.85 points per game), -54, 76 PIMS, 733 shots, 19:41 ATOI
Contract: Eight years, $80MM
Cap Hit Percentage: 13.33%
Current Equivalent: Eight years, $86.91MM ($10.864MM AAV)
Mikko Rantanen (Colorado, 2019) – The two players had very different trajectories – Rantanen started slow and then became a high-end performer while Pettersson has been more consistent – but again, the totals at the end of their respective entry-level deals are certainly comparable. It’s fair to question if Pettersson has the offensive ceiling that Rantanen does which is an argument GM Jim Benning would certainly use in talks when this comes up as a possible comparable deal.
Platform Year Stats: 74 GP, 31-56-87, +13, 54 PIMS, 193 shots, 20:51 ATOI
Career Stats at ELC Expiration: 239 GP, 80-129-209 (0.87 points per game), -19, 112 PIMS, 513 shots, 18:53 ATOI
Contract: Six years, $55.5MM
Cap Hit Percentage: 11.35%
Current Equivalent: Same as above
Mitch Marner (Toronto, 2019) – This one would certainly represent the high end of the scale but it’s important to get one player on here whose point per game average at the end of his entry-level deal is at the same mark as Pettersson’s. The only ones with a higher average that were recent high picks to sign long-term deals were Auston Matthews and Connor McDavid and Pettersson certainly isn’t in that range although that’s impressive company to be in. Again, Marner’s offensive trajectory was higher at this point than Pettersson’s is now which is why this basically represents a bar he won’t clear but he could come close.
Platform Year Stats: 82 GP, 26-68-94, +22, 22 PIMS, 233 shots, 19:49 ATOI
Career Stats at ELC Expiration: 241 GP, 67-157-224 (0.93 points per game), +21, 86 PIMS, 603 shots, 17:41 ATOI
Contract: Six years, $65.408MM
Cap Hit Percentage: 13.38%
Current Equivalent: Same as above
Projected Contract
If you were looking at those last few comparables and thinking that Pettersson isn’t in that range, it’d certainly be understandable. The fact is that he hasn’t played anywhere as many games as those players have thanks to the wrist injury and the last two years being shortened. But the point per game average is there and Brisson is going to hammer that home in talks and not settle for considerably less than that. Accordingly, a long-term deal that buys out at least a couple of UFA-eligible seasons could very well have an AAV starting with a nine.
That’s why the short-term contract is the easier play here. If they’re able to work out a long-term deal with Hughes, they should still be able to afford a two-year or three-year bridge around the high $6MM/low $7MM range without creating any significant cap casualties. Either way, while they don’t necessarily have to have a deal done with Hughes beforehand, the two basically need to get their deals done pretty much around the same time. At this point, it may make more sense for Pettersson to get the short-term deal.
Photo courtesy of USA Today Sports Images. Contract information via CapFriendly.
West Notes: Parayko, Ennis, Canucks
Blues defenseman Colton Parayko missed 21 games last season due to a lingering back issue which likely kept the price tag lower on the eight-year, $52MM extension he just signed. Speaking with reporters, including Tom Timmermann of the St. Louis Post-Dispatch, the veteran indicated that his back has fully recovered but the treatment to get to that point has been minimal. Instead of surgery or extensive rehab, Parayko has largely just rested to heal the injury, something that simply wasn’t an option during the season when he tried to play through it. Expectations will be much higher for him heading into this coming season with that extension now in place and with the back injury behind him, he should be able to have a bigger impact offensively after recording just 12 points in 32 contests.
More from the Western Conference:
- Veteran forward Tyler Ennis is among those still sitting in the UFA pool but Postmedia’s Jim Matheson reports that there are some teams that have shown tentative interest along the lines of circling back to him as a fallback plan. He lists the Canucks as one of the teams that may have shown interest so far. The 31-year-old had a limited role with Edmonton last season, notching just nine points in 30 games while being a regular scratch. Accordingly, he’s someone that may have to settle for a PTO at this point whether that’s with Vancouver or someone else.
- With one successful offer sheet now being completed, Sportsnet’s Elliotte Friedman noted in the latest 31 Thoughts podcast (audio link) that the Canucks have been the team believed to be the most concerned about an offer sheet this summer. Of their two remaining RFAs, only center Elias Pettersson is eligible to receive one as defenseman Quinn Hughes falls under the 10.2c classification. Friedman adds that talks are expected to pick up with both unsigned players after there were basically no discussions for all of August.
Seven Notable RFAs Still Remain Unsigned
It’s September 5th, which means that NHL preseason hockey is now less than three weeks away. Teams have been dealing with the realities of a flat salary cap for two offseasons now, but for some teams, it’s crunch time as their young star (or stars) remain in need of a new contract for the 2021-22 season.
While it’s obviously preferable for teams to get these players signed so they can join the team right away, teams do technically have until December 1st to sign any RFAs for them to be eligible to suit up this season. However, waiting into the season to sign the RFAs will increase the cap hit for the first year of the deal, something the league saw with William Nylander‘s contract in 2018-19.
For some teams, mainly the Vancouver Canucks, that could be an issue. They’re the team that faces the largest potential cap crunch with both Elias Pettersson and Quinn Hughes to sign. The team currently carries $10.7MM in cap space, but that number could increase to as much as $14.2MM with Micheal Ferland being placed on long-term injured reserve. Pettersson and Hughes both struggled at times this season, but it’s hard to take results from any Canuck into account too much due to the team’s large-scale COVID-19 outbreak. Pettersson was limited to just 26 games because of injury, scoring 21 points. Hughes netted 41 points in 56 games. However, it’s still a hard argument to make that these two aren’t elite talents. Because of this, it’s likely impossible for Vancouver to afford both on long-term deals. One of them will likely be receiving a two-to-four-year contract with a much lower cap hit, but the contracts need to be signed before the start of the season in order to avoid any inflation on the already tight cap hits.
Then there’s two teams who’ve had long, drawn-out negotiations with their respective stars this offseason – the Minnesota Wild and Ottawa Senators. Both Kirill Kaprizov and Brady Tkachuk remain without deals. There appears to be some amount of hope for one team, though. Multiple reports in recent days have suggested the Wild are making progress on a deal, especially considering the deadline has now passed for Kaprizov to sign back home in Russia. The same can’t be said for Ottawa, as Tkachuk has claimed he hasn’t received a legitimate offer from the team and is beginning to get frustrated with the situation (as reported here by TSN’s Shawn Simpson). Ottawa does still have a great amount of salary cap flexibility, though, and they can afford for contract negotiations to stretch into the season.
Staying in Canada, the Edmonton Oilers still have Kailer Yamamoto to lock down in order to fill out their top-six forward group. When Oscar Klefbom is placed on LTIR and Alex Stalock is presumably sent down to the minors, the team will still have just around $1.8MM in cap space. Yamamoto likely won’t be signing anything longer than a two-year deal due to the situation. And though they can create some additional flexibility by not operating with a full roster, Edmonton will still be very interested in avoiding a prorated cap hit as the salary cap situation will remain tight no matter what.
Then there’s the remaining duo of youngsters playing for American teams – Rasmus Dahlin and Robert Thomas. Dahlin’s negotiations will be interesting to watch, purely to see if the team will commit to him long-term or not. The Sabres likely want to pay him more as the team still hasn’t reached the salary cap floor, as they still need to add roughly $2.5MM in cap hits to be cap-compliant. Dahlin will receive much more than that on any deal he signs. The Blues are in a bit of a pickle with Thomas, as the team has just $1.5MM in cap space remaining to ink the promising young forward. Thomas had only 12 points in 33 games this year and spent time injured, but had 10 goals and 42 points the season prior. It’ll likely be a one-year or two-year deal for Thomas, who finds himself in a very similar situation to Yamamoto in Edmonton.
All seven of these players will be watched with a keen eye by many in the hockey community as each day passes before camps open across the league. As the league emerges from the quiet part of the offseason, these players will likely dominate headlines sooner rather than later.
All salary cap figures via CapFriendly.com.
West Notes: Canucks, Thomas, Skinner
There’s an expectation that one of Canucks RFAs Elias Pettersson and Quinn Hughes will have to take a short-term contract this summer in order for Vancouver to be cap-compliant for next season. Speaking with Vancouver Hockey Now’s Rob Simpson, Pat Brisson, the agent for both youngsters, indicated that there’s no indication yet as to which player could wind up with which type of contract. Simpson suggests that Pettersson, who has offer sheet eligibility, could be the likelier player to sign first since Hughes doesn’t have that right although the odds of the center receiving an offer sheet worth signing at this stage is highly unlikely. No discussions are expected over the coming days with GM Jim Benning taking a quick summer break before training camp, something many general managers around the league are likely doing.
More from the Western Conference:
- Blues RFA forward Robert Thomas is believed to be seeking a higher AAV than the $2.8MM that Jordan Kyrou received earlier this season, reports Jeremy Rutherford of The Athletic (subscription link). The 22-year-old is coming off a tough injury-riddled season that saw him post just a dozen points in 33 games but with 75 points in 136 contests over his first two seasons, he has enough of a track record to try to get that on a bridge deal. Louis doesn’t have that much cap space but with Oskar Sundqvist headed for LTIR to start the season, that would give them enough of a buffer to get Thomas under contract although they’d need to get cap-compliant by the time Sundqvist returns.
- Oilers goaltender Stuart Skinner has been Edmonton’s top goalie prospect basically since they drafted him back in the third round in 2017. However, as Postmedia’s David Staples notes, they’ve never really shown much confidence in him, evidenced by the acquisition of veterans in recent years including Alex Stalock who presently sits ahead of him for the third spot on the depth chart. With some of their other prospects now in the minor pros (Ilya Konovalov and Olivier Rodrigue), time is running out for Skinner to establish himself as a viable option for Edmonton. If that doesn’t happen soon, it’s possible that he’ll become a trade candidate if one of those other prospects is ready for a bigger role in Bakersfield.
Pacific Notes: Canucks, Koekkoek, Edler
While many teams have dealt with most of their restricted free agents already, that can’t be said for Vancouver who still has center Elias Pettersson and defenseman Quinn Hughes among their unsigned youngsters. Speaking with Postmedia’s Patrick Johnston, Pat Brisson – who represents both players – noted that there’s no holdup in talks between him and the Canucks. Part of the delay is that both short-term and long-term deals are being pondered for both players although it’s unlikely they will be able to afford to give each of them a contract that would buy out some UFA eligibility. It wouldn’t be surprising if talks pick up once they get a deal done with RFA center Jason Dickinson whose arbitration hearing is set for Friday. Once that’s in place, they’ll have a better idea of how much they’ll be able to spend on their two young stars.
More from the Pacific:
- David Staples of the Edmonton Journal examined the recent two-year deal that the Oilers handed to defenseman Slater Koekkoek. While his numbers were underwhelming last season – one goal in 18 games while averaging just 13:10 per contest – he was better than several Edmonton blueliners in terms of frequency of allowing scoring chances. Koekkoek’s numbers usually wouldn’t be good enough to yield a multi-year contract so there’s a good chance that the team was intrigued by that particular stat as well.
- Defenseman Alex Edler told Zach Dooley of LA Kings Insider that part of the reason that he signed with the Kings was how much interest they showed in him early along with the fit he’d have with the team. He added that he did field interest from other teams which likely helped push his price tag up to $3.5MM for next season, a somewhat high price tag for a player who had just eight assists in 52 games while logging his lowest ice time since 2007-08. The 35-year-old should have a prominent role with Los Angeles next season and could be used in a shutdown capacity similar to the role he had at times in Vancouver.
Snapshots: Kane, Saros, Pettersson
With an investigation ongoing into allegations that he bet on NHL games, Evander Kane‘s future with the San Jose Sharks isn’t clear. But it was long before that things started to deteriorate between the $7MM forward and his team. Kevin Kurz of The Athletic published an explosive piece today examining the situation in San Jose, reporting that “several key players” told the Sharks management that if Kane remained with the team, they didn’t want to stay.
Kurz writes that the Sharks did explore trading Kane earlier this offseason, but that obviously didn’t come to pass. Now with this new allegation, the reports of locker room turmoil and a bankruptcy case continuing in the background, the 30-year-old forward is “virtually untradeable.” Kane is currently signed through the 2024-25 season and holds a modified no-trade clause that allows him to list just three clubs he could be traded to. He also is coming off arguably his best season as a professional, with 22 goals and 49 points in 56 games.
- The Nashville Predators are approaching an arbitration hearing with starting goaltender Juuse Saros, scheduled for August 18. Adam Vingan of The Athletic breaks down the case that both sides have, but notes that Saros’ camp is looking for a long-term deal, while the Predators are hoping for a three to four-year contract if things can be worked out before the hearing. Saros truly broke out this season, finishing sixth in the Vezina Trophy voting and even receiving some Hart Trophy recognition, after posting a 21-11-1 record with a .927 save percentage. The 26-year-old goaltender is just a year away from unrestricted free agency, meaning any multi-year contract would be buying out almost exclusively UFA seasons. An arbitration ruling on the other hand could only be one year in length, taking him right to the open market next year.
- Elias Pettersson is another restricted free agent without a contract, but he doesn’t seem too worried about it. The Vancouver Canucks forward spoke to Uffe Bodin of Hockeysverige and explained that though the two sides are not in agreement on a deal yet, he’s confident they will find a solution. Pettersson also clearly indicated that he wants to be on a winning team, meaning if they want to keep him long-term, the Canucks better start making the playoffs more often.
Vancouver Canucks Targeting Center With No. 9 Pick
The Vancouver Canucks have a number of talented young forwards on the roster and in the pipeline, but outside of Elias Pettersson they have very few at the center position. After a deep playoff run last season, Vancouver expected to continue as a contender for years to come. Instead, they took a major step back this season. The thin silver lining is that they have the opportunity to address their greatest prospect need with a top ten pick – and plan to do just that.
In his first round mock draft, The Athletic’s Scott Wheeler also included some hints from league sources that influenced his decisions. The most detailed report pertained to the Canucks and their hopes for the No. 9 overall pick. Wheeler writes that the Canucks are expected to take one of William Eklund, Mason McTavish, or Kent Johnson with the selection, assuming at least one is still available. While all three have played wing as well in their young careers, they are primarily considered centers and Johnson and McTavish are largely expected to stick at center at the pro level.
In Wheeler’s mock, he has Eklund – the consensus top player of the group – and McTavish already off the board by the time Vancouver picks. However, that shouldn’t be a problem. Wheeler believes that Johnson, the most natural center of the group, is considered to be the Canucks’ top choice for their pick. Johnson may need to fill out his frame and work on his physical compete level, but his talent is obvious. The University of Michigan is natural puck-mover and play-maker with some of the best puck skills in the draft class to go with smooth skating and great vision. Once Johnson grows into his frame and develops more two-way sense, he should be a perfect fit down the middle. If he falls to Vancouver, Wheeler notes it would be another instance of an incredibly skilled but lanky, physically immatures player going later than he probably should to the good fortune of the Canucks. It worked out nicely with Pettersson and the team would not hesitate to take the chance again.
If Johnson is gone by No. 9, as are Eklund and McTavish, the Canucks could still target the center position with U.S. National Team Development Program standout Chaz Lucius, another versatile forward who could line up down the middle in Cole Sillinger, or a natural center and preseason top pick candidate Aatu Raty. The team will have plenty of options to address their biggest development need in the first round, before addressing their current roster over the rest of the off-season.
West Notes: Kaprizov, Fiala, Pettersson, Harvey
There’s been a fair amount of news breaking in the Western Conference lately. Whether it’s Ryan Nugent-Hopkins‘ and Joel Eriksson Ek‘s eight-year extensions, the Viktor Arvidsson trade, or the Duncan Keith drama, this past week has given fans of Western teams more than enough to chew on. That hasn’t changed today, as there have been many tidbits of information floating around the hockey sphere. Following up on some extensive rumors from last month, NHL.com independent correspondent Jessi Pierce reports that the Minnesota Wild and Kirill Kaprizov are set to resume contract negotiations next week. Minnesota and general manager Bill Guerin come into this set of negotiations with a much better idea of their salary cap situation after devoting $5.25MM per season to Eriksson Ek on Friday. With some more cost certainty in hand, Guerin can come forward with some more solid offers to Kaprizov and his agent to give him a more realistic idea of their options. Guerin, who is “confident [they’ll] get a deal done at some point,” now has just $16.8MM in space to offer to Kaprizov, Kevin Fiala, and any other free agents he’ll sign to fill out the roster.
- As a subset to that story, The Athletic’s Michael Russo is additionally reporting that contract talks with Fiala’s agent have now initiated. Guerin now finds himself in a unique position of negotiating the contracts of arguably his two best forwards simultaneously. With limited room to work with, it’s likely that one of Kaprizov or Fiala will have to take a bridge deal with a lower cap hit in order to give Guerin flexibility to add in free agency. Considering some previous Kaprizov rumors, it’s likely that the Russian forward will likely end up with that bridge deal. Guerin and Fiala’s camp are in a position to sign a contract similar to Eriksson Ek’s, exchanging some money up front in exchange for term and certainty for both sides.
- Another young forward, Vancouver Canucks center Elias Pettersson, is also a pending restricted free agent in need of a new deal. Pettersson’s situation is slightly different, however, having played in just 26 games this past season due to injury. After reports from last month that the Canucks may want to sign Pettersson to a shorter-term deal, The Province’s Ben Kuzma reports today that Pettersson’s camp could opt for a short-term deal as well. Drawing on Brock Boeser‘s three-year, $17.625MM ($5.875MM cap hit) contract signed prior to 2019-20 as a comparable, a short-term deal could open the door for general manager Jim Benning to offer a much longer-term deal to another RFA in defender Quinn Hughes.
- The Canucks find themselves on here twice today after The Province’s Patrick Johnston reported that they’ve promoted Todd Harvey to be the team’s director of amateur scouting. Former director Judd Brackett departed the team prior to 2020-21 to accept the same role with the Wild, meaning that the Canucks have left the position vacant from then until now. Harvey, who’s served as an amateur scout for the team since the 2017-18 season, had effectively taken on Brackett’s role since his departure anyways. Harvey’s last NHL season was with the Stanley Cup Finalist 2005-06 Edmonton Oilers, and after a few seasons playing senior hockey, stepped away from the game until returning as an assistant coach for the OHL’s Guelph Storm in 2013. Harvey will be tasked with adding to a prospect pool that’s largely been drained in recent years with the graduation of players like Pettersson and Thatcher Demko.
All contract information courtesy of CapFriendly.
Negotiation Notes: Larsson, Andersen, Makar, Canucks
After locking up Ryan Nugent-Hopkins to a long-term deal earlier today, the Edmonton Oilers will next turn their attention to reaching a new deal with defenseman Adam Larsson. According to TSN’s Darren Dreger in the latest edition of “Insider Trading“, that is more of a “when” than an “if” at the is point. Dreger states that the two sides are already close to a new deal and “in the final stretch” of negotiations. He expects that an extension will be reached soon. For Expansion Draft purposes, soon may not be until later next month, but a handshake agreement will do in the meantime. Larsson, 28, is one of the more stable defensemen in the NHL. If the defensive-minded right-shooter hit the open market, he would draw plenty of attention, but like Nugent-Hopkins, Larsson appears willing to settle on a deal to keep him in Edmonton with reigning Hart Trophy winners Connor McDavid and Leon Draisaitl. So really, with RNH signed and Larsson not far behind, the Oilers may actually be focusing on external negotiations already, as Dreger notes they must add a goalie and complementary scoring forwards this summer.
- It may come as a surprise following a career-worst season, but there is mutual interest in an extension between the Toronto Maple Leafs and goaltender Frederik Andersen. TSN’s Pierre LeBrun reports that agent Claude Lemieux recently met with the Maple Leafs’ brass and both sides expressed interest in a new deal, perhaps to the surprise of both. Andersen is likely not keen to enter the open market after a down year (and really many years of slow decline) when he could instead stay in familiar territory in Toronto. The Leafs also need a netminder this off-season and may be content to stick with Andersen, despite his struggles, given the play of Jack Campbell this season. LeBrun does point out that Toronto has told Andersen’s camp that he would be sharing the net with Campbell, potentially even starting out at less than 50% of starts, but Andersen is reportedly open to that arrangement.
- Every year there is the threat of offer sheets and every year it never happens, but LeBrun notes that rumblings around the league are that Colorado Avalanche star Cale Makar could be the prime candidate this summer. With the Avalanche needing to extend the First Team All-Star as well as captain Gabriel Landeskog, starting goaltender Philipp Grubauer, and top-six forward Brandon Saad, all while saving room to extend superstar Nathan MacKinnon and replace several impending UFA’s next summer, cap space is tight in Denver. If another team swooped in with an offer that Makar couldn’t refuse, it might just be too much of a handicap for the Avs. Doubtful, but possible. Colorado can eliminate the risk of an offer sheet to their young phenom if they can lock Makar up before the market opens on July 28.
- The Vancouver Canucks are already hard at work on extension for arguably their two most important players, defenseman Quinn Hughes and center Elias Pettersson. The pair of restricted free agents are centerpiece players for the Canucks and the team will whatever it takes to keep them around as long as possible. Dreger notes that GM Jim Benning and company are meeting again this week with agents from CAA Sports, who represent both young stars. A number of possibilities are on the table for both players, including a three-year bridge deal for Pettersson in the same vein as the recent contracts of Mathew Barzal and Brayden Point. However, it seems like long-term is the ideal goal. Pettersson is reportedly open to a long-term deal like that of Mikko Rantanen, while Hughes has explored contracts with terms between four and six years.
Vancouver Exploring Short-Term Deals With Elias Pettersson
The Vancouver Canucks have more than $66.5MM in cap hits committed to next season. Their two best players are still unsigned. Elias Pettersson and Quinn Hughes will both become restricted free agents this summer and will be demanding substantial raises off their entry-level contracts. Today, agent J.P. Barry of CAA Sports spoke with Rick Dhaliwal of the Athletic and CHEK TV, explaining that the two sides are exploring shorter-term deals with Pettersson:
We’re going to look at everything, but I think that anything for Pettersson will be five (years) or under, and we will have to look at with Quinn whether we can do a little more or not.
Barry was clear that the comparables for Pettersson, at least most of them, have taken short-term deals around the league. Mathew Barzal, for instance, agreed to a three-year $21MM deal with the New York Islanders coming off his entry-level contract, while Brayden Point was a three-year $20.25MM deal with the Tampa Bay Lightning. That three-year term was mentioned specifically by Barry, as he explained that the Canucks cap situation likely isn’t set up to do long-term deals for both young players.
Even coming off a disappointing season in which he played just 26 games, buying out any of Pettersson’s unrestricted free agent years would dramatically drive the average annual value of a contract up. The Canucks already have plenty of bad money on the books for the 2021-22 season and would obviously have a tough time fitting both players in under the flat $81.5MM cap. Going the bridge route with Pettersson would give them an opportunity to clear some of their troublesome contracts off the roster, while also retaining control of the player as a restricted free agent.
That’s not to say he will come cheap. Since he entered the league in 2018-19, Pettersson has recorded a points/game rate of 0.93, higher than veterans like Nicklas Backstrom, Ryan O’Reilly, and Claude Giroux, while also ahead of younger talents like Kyle Connor, Matthew Tkachuk and Teuvo Teravainen over the same period. It’s not just empty assists either, as his goals/game rate of 0.39 puts him just behind names like Artemi Panarin and Aleksander Barkov, while ahead of the likes of Mark Stone and Nikolaj Ehlers. There’s no doubt that Pettersson can be one of the league’s best offensive talents and even with an injury-shortened season, he’ll be looking to get paid like one.