Put another pair of tick marks on Chuck Fletcher’s offseason to-do list.
On Wednesday, the Minnesota Wild announced they’ve agreed to a two-year, $6M extension with RFA forward Mikael Granlund and confirmed the signing of collegiate free agent Mike Reilly.
The Granlund deal was considered Fletcher’s last important signing after getting the likes of Charlie Coyle, Marco Scandella and Devan Dubnyk all signed to new contracts. Granlund, the club’s first-round pick (ninth overall) at the 2010 NHL Entry Draft, is coming off a solid campaign in which he scored 39 points in 68 games, and another six in 10 playoff appearances.
Granlund will now carry a $3M average annual cap hit — up from $900,000 on his entry-level deal — and will net $2.8 million in salary the first year, and $3.2M the second.
As for Reilly, news of his signing broke last week, making today’s announcement more of a formality. The skilled d-man, a Hobey Baker finalist this year, led the University of Minnesota in scoring this season and signed a two-year pact with the Wild. No word yet on the financials.
The Minnesota Wild have confirmed their intentions to buy out the remaining season of Matt Cooke’s contract.
“In order to give our team more salary cap flexibility for the upcoming season we needed to make this difficult decision,” said GM Chuck Fletcher in a release. “We thank Matt for his time with the Wild and wish him the best going forward.”
Once Cooke clears waivers, the 36-year-old winger will become an unrestricted free agent, though he cannot re-sign with the Wild. Per CapFriendly, the buyout will result in a cap hit of $500,000 for next season and $1 million in 2016-17.
The Wild need the “salary cap flexibility.” Devan Dubnyk is a pending unrestricted free agent, while forwards Mikael Granlund and Erik Haula are pending RFAs.
According to Michael Russo of the StarTribune, there “has been little headway toward a new deal” for Dubnyk, who will officially become unrestricted on July 1.
It sounds like Matt Cooke’s time with the Minnesota Wild is over.
According to TSN’s Ryan Rishaug, Cooke has been placed on waivers, the move likely a precursor to a buyout.
Cooke has one year remaining on his contract, with a salary of $3 million and cap hit of $2.5 million. According to CapFriendly, the buyout will result in a cap hit of $500,000 next season and $1 million in 2016-17.
The Wild could use the cap relief. Goalie Devan Dubnyk is a pending unrestricted free agent, while forwards Mikael Granlund and Erik Haula are pending RFAs.
Cooke appeared in just 29 games for the Wild in 2014-15 (he had a sports hernia), scoring four times with six assists.
Related: Wild reporter pegs Dubnyk deal at ‘well north of $3 million per’