To quote Frodo Baggins in Lord of the Rings: The Return of the King, “It’s done.” Finally, after months of waiting, the Vancouver Canucks have reportedly signed Elias Pettersson and Quinn Hughes to new contracts.
Reports by Rick Dhaliwal of CHEK TV, and Thomas Drance of The Athletic on Thursday afternnon said that the Canucks and CAA (Pettersson and Hughes’ agency) were making progress in the contract talks.
TSN’s Darren Dreger reported that talks were also “heating up.”
Shortly after 5 PM, Sportsnet 650’s Satiar Shah reported that Hughes was getting a six-year contract worth 7.75 million per season.
That meant Pettersson’s deal was close.
Shortly after Shah reported Hughes’ deal, The Fourth Period’s Irfaan Gaffar broke the details of Pettersson’s contract.
Dhaliwal then reported the AAV for the Canucks centre.
Dreger then reported that the final AAVs for Pettersson and Hughes were still being finalized.
Iain MacIntyre of Sportsnet reported that the Canucks won’t announce anything on Thursday, likely due to Truth and Reconciliation Day.
The Canucks signed Hughes long term and it was likely because his RFA 10.2c status gave him leverage. Compared to what other defencemen got in the market this offseason, Hughes’ 7.75 million dollar AAV is a steal.
Pettersson got a bridge deal and to get him under eight million dollars also is a solid deal. Due to the Canucks cap situation, a bridge deal made sense. It would have been better to go long term on the star centre but it is what it is.
Pettersson and Hughes re-signing comes in light of Travis Hamonic’s situation. Hamonic did not attend training camp due to family reasons and it has been reported that he is considering opting out of the season, retiring or coming back. He has until Friday to make a decision.
UPDATE: Sportsnet’s Elliotte Friedmann officially confirmed the AAVs of the contracts.
What are your thoughts on Pettersson and Hughes’ contracts? Let us know in the comments below.