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Canucks Sign Jake Virtanen to 2-Yr Contract Extension

As per a few sources and as confirmed by the organization on Thursday, the Vancouver Canucks have signed forward Jake Virtanen to a two-year contract extension. The deal is worth $2.55 million per season.

Virtanen, 24, was a restricted free agent. He’ll be an RFA with arbitration rights when this two-year deal expires.

Virtanen scored 18 goals in 69 games last season. Considered a bit inconsistent and with rumors the team was growing impatient with his lack of sustained production, the team has decided to give him another shot to show he’s a top-nine, possibly top-six forward in the NHL.

Some will argue this is an overpayment and his leash in Vancouver may be short, but there’s also a chance he could outproduce these numbers if he finds another gear. The ceiling for his potential has always been high.

With the deal, Virtanen’s arbitration hearing scheduled for October 28 will no longer be required.

The Canucks Now Need to Become Cap Compliant

With the deal, the Canucks are now $1.5 million above the upper limit of the NHL’s $81.5 million salary cap. They have 23 players signed (15F-6D-2G) and roster changes will be necessary to become compliant before season start.

They could make deals via trade, use another window for a buyout or look at LTIR placements. For example, if Michael Ferland goes on LTIR, his $3.5 million would come off the Canucks books.

Next: Canucks Interested in UFA F Andreas Athanasiou Under One Condition

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