Canucks general manager Mike Gillis announced the signing on Twitter on Friday night on the eve of the 2013 NHL season.
I’d like to congratulate Alex Edler on agreeing to terms on a new multi-year deal. Details to follow.
— Mike Gillis (@GMMikeGillis) January 19, 2013
When the deal kicks in at the beginning of the 2013-14 season, Edler will become the highest paid blueliner on the Canucks. According to the Vancouver Sun’s Elliott Pap, the salary breakdown is as follows:
- 2013-14: $3.25 million
- 2014-15: $4.25 million
- 2015-16: $6 million
- 2016-17: $6 million
- 2017-18: $6 million
- 2018-19: $4.5 million
The Canucks now have $60,403,333 committed to 14 players for the 2013-14 season—of this $22.9 million is on five defencemen all earning upwards of $4.2 million. The conclusion of the 2013 season likely marks the end of Keith Ballard‘s career as a Canuck.
With the salary cap set at $64.3 million, the Canucks have roughly $4 million to sign nine more players. Key free agents include forwards Mason Raymond, Chris Higgins, and Maxim Lapierre. Defenceman Chris Tanev is also a restricted free agent. This makes a trade and buyout or two unavoidable for the Canucks.
The inevitable Roberto Luongo trade will have to happen this summer and how well Ballard plays will determine if he is traded or bought out. This will free up an additional $9.5 million in cap space and bring the Canucks cap number to a much more manageable $50.87 million.