The St. Louis Blues and Colton Parayko were scheduled to have an arbitration hearing this morning, but it sounds like that will no longer be necessary.
According to Sportsnet’s Elliotte Friedman, the two sides have agreed to terms on a five-year contract extension worth a total of $27.5 million ($5.5 million AAV).
Update: It’s official.
“We are pleased to have Colton as part of our group for the next five seasons,” said GM Doug Armstrong in a release. “He has made tremendous progress over the last two years and possesses all the tools to be a very good NHL defenseman.”
Heading into arbitration, Parayko was reportedly looking for a one-year deal worth$4.85 million, while St. Louis was offering two years at $7 million total.
Obviously, the Blues paid a little more on this contract, but that’s because they were able to “buy” some of Parayko’s free-agent years.
The 24-year-old just completed his second season with the Blues. He managed to four goals, 35 points and 32 penalty minutes in 81 games.
Parayko also saw his average ice-time increase from his first year to his second year, as he played just over 21 minutes per game in 2016-17.
On top of his two solid seasons in St. Louis, he also opened some eyes at this year’s World Hockey Championship, where he had three goals and seven points in six games for Team Canada. He averaged 24 minutes of ice-time during the tournament, and Canada went on to win silver.