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Report: Elias Pettersson asked Canucks early this week to talk contract, believed to be 8 years and $12+ million annually

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Photo credit:David Kirouac-USA TODAY Sports
Nation World HQ
4 months ago
Elias Pettersson seemed tired of the noise surrounding his lack of contract negotiations with the Vancouver Canucks, and finally said enough is enough.
On Thursday’s episode of the DFO Rundown Podcast, NHL insider Frank Seravalli — who reported on Wednesday night that the Canucks and Pettersson have made “significant progress” on an eight year contract extension — divulged more on the situation.
Here’s what Seravalli had to say:
“This is a massive development for the Vancouver Canucks over the last 48 to 72 hours. There was so much talk, and rumour, and innuendo, so much idle speculation in a very combustible Vancouver market, and understandably so given that, more or less, the centrepiece, the face of their franchise, remained unsigned and was staring down what would potentially be a really fascinating summer for one of the teams at the very top of the standings and is certainly in the race for the President’s Trophy. So the development, which I reported on Wednesday, is the Canucks and Pettersson’s camp have made significant progress on what is believed to be an eight-year deal. I don’t want to speculate on the total dollars just yet, but I think it’s fair to say it’s certainly approaching $100 million total.
“This is absolutely massive for the Canucks, cannot say more as to what this means to this team, and to be able to get something like that done…If they can get it across the finish line in the next couple of days, that would give them potentially six, seven days before the deadline to really lock in their numbers and have a great idea of what their cap picture looks like moving forward that they can potentially even add someone with term when it comes to the deadline… I think it starts with a 12. I don’t know it’s $12.5, $12.25, $12.75 — either way, it’s going to be significant.
“I think what’s way more fascinating is eventually getting the details on how all this came together, because there was a report on Saturday that teams were calling the Canucks trying to gauge interest, and that just blew things up in Vancouver to the point where I’m told Pettersson went to the Canucks early this week and said ‘let’s end all this nonsense. I want to get a deal done. I want to stay in Vancouver.'”
Drafted with the fifth overall pick in 2017, Pettersson’s first contract after his entry-level deal was for three years at $7.35 million annually, and is set to expire at the end of this season. Pettersson was set to become a restricted free agent at the end of this season, and an eight-year deal would kick in at the beginning of next season.
Pettersson, 25, is on pace to eclipse the 100 point mark for the second straight season, as he currently sits at 29 goals and 46 assists through 61 games played this year.
Through 386 regular-season NHL games, all played with the Canucks, Pettersson has tallied 165 goals and 233 assists for 398 career points.
More to come.

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