After this deal, Pettersson will be 1 year from UFA. He can either accept his $8.82M 1-year Qualifying Offer, or file for arbitration & accept a 1-year award. With that much leverage going into his final year, it's almost like reaching UFA eligibility 1 year early.
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Vancouver Canucks make Elias Pettersson, Quinn Hughes contracts offical
Photo credit: Bob Frid-USA TODAY Sports
By Zach Laing
Oct 3, 2021, 12:49 EDTUpdated: Oct 3, 2021, 13:05 EDT
The Vancouver Canucks have made three and six-year deals for Elias Pettersson and Quinn Hughes, respectively, official.
Pettersson will earn an AAV of $7.35-million, while Hughes will earn $7.85-million and neither deal carries trade protection.
Here’s the breakdown of the contracts, according to PuckPedia.
Pettersson
Year 1 – $3-million salary, $1-million signing bonus
Year 2 – $7.8-million salary
Year 3 – $10.25-million
Year 2 – $7.8-million salary
Year 3 – $10.25-million
Upon expiration of the deal, Pettersson will be an RFA with arbitration rights one year away from unrestricted free agency. His qualifying offer will be $8.82-million.
Hughes
Year 1 – $4-million salary
Year 2 – $6.5-million salary
Year 3 – $8.6-million salary
Year 4 – $9.5-million salary
Year 5 – $10.25-million Salary
Year 6 – $8.25-million salary
Year 2 – $6.5-million salary
Year 3 – $8.6-million salary
Year 4 – $9.5-million salary
Year 5 – $10.25-million Salary
Year 6 – $8.25-million salary
The deal buys one year of free agency.
Of note: -Compensation is lowest in Yr 1 (highest escrow 18%) -Highest in Years 3-5 (lowest escrow 6%) -Lower in Year 6 (possible lockout year), but does not have signing bonus that year as lockout protection
Zach Laing is the Nation Network’s news director and senior columnist. He can be followed on Twitter at @zjlaing, or reached by email at zach@oilersnation.com.
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