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Devils avoid salary arbitration with Will Butcher

New Jersey Devils v Florida Panthers

SUNRISE, FL - APRIL 6: Will Butcher #8 of the New Jersey Devils skates with the puck against the Florida Panthers at the BB&T Center on April 6, 2019 in Sunrise, Florida. (Photo by Eliot J. Schechter/NHLI via Getty Images)

NHLI via Getty Images

New Jersey Devils general manager Ray Shero has been busy this summer and he took care of some more business on Wednesday morning. According to Sportsnet’s Elliotte Friedman, the Devils have re-signed restricted free agent defenseman Will Butcher to a three-year deal. The contract carries an annual average value of $3.73 million.

Butcher and the Devils were scheduled to go to salary arbitration on Aug. 2, but that will no longer be necessary.

The 24-year-old just completed his second season with New Jersey. He had five goals and 44 points in 81 games with the Devils in his rookie year but his number came down slightly last year, as he posted four goals and 30 points in 78 contests.
[ProHockeyTalk’s 2019 NHL free agency tracker]

The youngster is an important part of the Devils’ power play, as he picked up 14 points on the man-advantage in 2018-19. Only Kyle Palmieri (18) had more points on the power play than Butcher last season.

Butcher becomes the fifth-highest paid defenseman on his team behind P.K. Subban ($9 million), Andy Greene ($5 million), Sami Vatanen ($4.875 million), and Damon Severson ($4.166 million).

Shero only has one more restricted free agent to get signed before the start of the year and that’s forward Pavel Zacha. After the Butcher signing, the Devils still have $8.715 million in cap space, so they could probably make another move or two if they wanted to.

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Joey Alfieri is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @joeyalfieri.