The Vancouver Canucks have finalized an eight-year contract extension with forward Elias Pettersson, valued at $92.8 million, which includes a full no-movement clause and $47 million in signing bonuses. The deal, carrying an annual average value (AAV) of $11.6 million, positions Pettersson among the NHL's top earners. This agreement comes after speculation about Pettersson's future, including potential trade talks with the Carolina Hurricanes and concerns about his performance 5-on-5. However, Pettersson has demonstrated his value, notably with a successful wrap-around attempt and roofing his own rebound in recent games. The extension is a significant commitment from both sides, with Pettersson becoming a restricted free agent at the end of the season and the contract covering his final RFA year. Pettersson's performance has been outstanding, placing him on pace to finish among the top 10 in all-time club scoring. He is also close to joining elite Canucks players who have scored 30 goals in three consecutive seasons or put up 80 points in three straight seasons. The contract negotiations, which included a period where the Canucks seriously considered trading Pettersson if he didn't extend, reflect the team's and Pettersson's mutual interest in a long-term partnership. General Manager Patrik Allvin expressed excitement about securing Pettersson for the next eight years, highlighting the organization's commitment to building a championship team. Pettersson, reflecting on the decision, mentioned the importance of focusing on hockey and the long-term goal of winning the Stanley Cup, emphasizing his desire to play for a competitive team and his trust in the team's management.
The success of this season made it a lot easier for Pettersson to commit long-term to Canucks. That much is obvious.
Why Elias Pettersson’s max-term extension is a game-changer for the #Canucks: https://t.co/GlBRoreS4i
Elias Pettersson gets emotional when talking about his parents and coming to this decision at the end of the press conference. #Canucks @Sportsnet650
A wry smile crossed Elias Pettersson's face when I asked him about putting the noise behind him and focusing on hockey. He then talked about trying to win in the short term and bring a Cup to Vancouver in the long term. #Canucks @Sportsnet650
Canucks star Elias Pettersson agrees to 8-year extension https://t.co/Ia93J5GLA8 https://t.co/7eNSWCxggP
Big smile from Elias Pettersson when asked about putting the “noise” behind him. “Now we can focus on the long-term goal of winning the Stanley Cup.” #Canucks
“It definitely gives us more clarity, not just for this week but moving forward,” says Patrik Allvin of the impact of having Elias Pettersson locked up ahead of the trade deadline. #Canucks
“I’m human, with the pressure on me and what’s ahead…. That’s why I wanted to wait to make sure I was making the right decision,” says Elias Pettersson of negotiations with the #Canucks and how they played out.
“I said I wanted to wait until after the season, but after talking more with management and my agents I wanted to get it done,” says Elias Pettersson. #Canucks
Elias Pettersson: I'm human. Of course I put pressure on me. I knew what I was getting myself into. I knew it was going to be a big decision. That's why I wanted to wait and make the right decision. #Canucks @Sportsnet650
“I always wanted to play for a good team, and I wanted to see where this team was heading.” Pettersson noted that he was impressed by Allvin and Rutherford. Jokes that he always wanted to be here, but played his cards slowly in negotiations this season. #Canucks
Elias Pettersson on the timing of the contract extension: I always wanted to stay here, but you don't give up your cards in a negotiation. #Canucks @Sportsnet650
Patrik Allvin: Very exciting day for the Vancouver #Canucks. We agreed with Elias to sign an 8 year extension. This shows the commitment from the Aquilini family and the organization to building a championship team. @Sportsnet650
#Canucks general manager Patrik Allvin opens the Elias Pettersson presser with a statement: “Very exciting day… we’re very excited to have Elias here for the next 8 years.” https://t.co/0YMhP6hEwn
Newly-signed Elias Pettersson meets with the media: https://t.co/LT1qp33xP3
Big day for the #Canucks Elias Pettersson signs for 8 years https://t.co/xr26FTEKYR
The #Canucks and forward Elias Pettersson have agreed to an eight-year contract extension worth $92.8M that will keep one of the franchise cornerstones with the team long-term. More from @GinoRedaTSN on @7ElevenCanada That's Hockey: https://t.co/MLyBEtin5L #7ElevenThatsHockey https://t.co/1IFXPFf696
From @CapFriendly, the Elias Pettersson and William Nylander extensions, signed about a month apart. https://t.co/IqeKJJz6pL
The Canucks signed Elias Pettersson to an eight-year, $11.6 million AAV extension, a win-win for both parties. @domluszczyszyn grades the contract for both the team and player ⤵️ https://t.co/x4Obyo8l8G
Now that Pettersson is staying with the #Canucks long-term, what does it mean for the future? Here is my instant analysis of the deal. Read on @TheHockeyNews.⤵️ https://t.co/7iL8hJdusH https://t.co/7iL8hJdusH
Getting Pettersson signed to a 8 year deal while keeping the AAV to $11.6M is brilliant for the Canucks
Pettersson agent Pat Brisson - We are very happy that Elias has signed for 8 years. Elias made the decision to sign long term with the #Canucks and we negotiated with the Canucks, it's a great day for both sides.
In his 6th season with #Canucks Pettersson is on pace to finish the year in Top 10 in all-time club history. He’s 5 points shy of becoming the 5th player in @Canucks history to put up 80 PTS in 3 straight seasons, joining: Daniel Sedin Henrik Sedin Markus Naslund J.T. Miller https://t.co/hJf0WdACLl
Elias Pettersson's #canucks extension includes a full NMC and $47M of the $92.8M paid out in signing bonuses.
In his 6th season with #Canucks Pettersson is on pace to finish the year in Top 10 in all-time club scoring His next goal will make him just the 4th player in @Canucks history to score 30 goals in 3 straight seasons, joining: Daniel Sedin Henrik Sedin Markus Naslund J.T. Miller https://t.co/VUQDvYBF1A
Pettersson agrees to 8-year contract with Canucks ⤵️ https://t.co/84dJgrgkC5
Vancouver Canucks General Manager Patrik Allvin announces that the club has agreed to terms with forward Elias Pettersson on an eight-year contract. https://t.co/pFtXs2Gm3N
BREAKING: Elias Pettersson signs an 8-year mega deal to stay with the #Canucks! Read more on @TheHockeyNews.⤵️ https://t.co/a2fjruqH1i https://t.co/a2fjruqH1i
The Vancouver Canucks have announced they've extended Elias Pettersson on an 8-year deal. ✍️ https://t.co/ESmK1YFkEz
🚨The Vancouver Canucks have agreed to terms with Elias Pettersson for eight years! https://t.co/1OJoqeGryu
What a win for the Canucks to get this contract under $12M. https://t.co/CKS2kJhDz4
8-year, $11.6M AAV for the #Canucks is such a solid deal for EP40 Great extension honestly https://t.co/GROIK5Xx7v
Elias Pettersson will carry the NHL's fifth-highest cap hit at $11.6M next season in what is his final RFA year -- behind Auston Matthews ($13.25M), Nathan MacKinnon ($12.6M), Connor McDavid ($12.5M) and Artemi Panarin ($11.642M).
Elias Pettersson signs for the next eight years at an $11.6M AAV — an extremely fair deal for one of the game's best players. https://t.co/5w42QLx54q
Elias Pettersson's eight-year extension with #canucks carries an $11.6M AAV.
8 years x $11.6 million AAV for Elias Pettersson
#Canucks sign superstar Elias Pettersson: 8 years x $11.6 million.
Allvin and Pettersson quotes from #Canucks press release https://t.co/O1anT5nrVF
The Canucks have locked up Elias Pettersson long-term. 👏 https://t.co/tepqOamT4r https://t.co/yFB2u3Mumh
**Breaking News** 🚨 📰 @Canucks announce they’ve signed F Pettersson to an 8Yr Contract Extension. #HockeyX .
There it is #canucks https://t.co/SwtwyP48fg
The #canucks announce that they've agreed to an eight-year extension with Elias Pettersson.
#CANUCKS AGREE TO TERMS WITH FORWARD ELIAS PETTERSSON ON AN EIGHT-YEAR CONTRACT
Elias Pettersson gets 8 year contract.
Elias Pettersson signs an 8-year extension with Canucks
Vancouver Canucks General Manager Patrik Allvin announced today that the club has agreed to terms with forward Elias Pettersson on an eight-year contract.
What impact did the potential trade talks with Carolina have on Elias Pettersson contract negotiations? Listen to The Open on #Canucks Central with @danriccio_ and @SatiarShah as they roundtable with @BikNizzar on the latest with Pettersson.
Vancouver is buzzing over the Elias Petterson contract situation. Pettersson is scheduled to be a restricted free agent at the end of the season, but it sounds like negotiations are now happening. How did they get to this point? More from @FarhanLaljiTSN: https://t.co/w176Ippfwx https://t.co/RjpNPeMqbf
Canucks: "We might send you to Carolina. Would you have any objection to that?" Elias Pettersson {checks roster}: "So were you thinking, like, 8 years guys?" https://t.co/9kSvamfZx8
Per @FriedgeHNIC, the #Canucks and #CauseChaos had advanced trade talks regarding Elias Pettersson. This report comes less than 24 hours after news that progress on an extension was made. Read more on @TheHockeyNews.⤵️ https://t.co/mDJR9JRFNq https://t.co/mDJR9JRFNq
Comparing today's Canucks seriously threatening to trade Pettersson if he doesn't extend to the time that Benning "ran out of time" https://t.co/48O8hUD6qv
The Canucks and Hurricanes had discussions about Elias Pettersson that advanced to a stage where both the Canucks and the player needed to make serious decisions about where their relationship was headed. @FriedgeHNIC has the latest. https://t.co/WDMOwZ0qIq
“According to multiple sources, the #Canucks and Hurricanes had discussions about Elias Pettersson that advanced to a stage where both he and VAN needed to make serious decisions about where their relationship was headed.” #CauseChaos “VAN ultimately decided in favour of another… https://t.co/14d1kC3XjP
A $12.25m AAV would be 14% of next year's projected cap ceiling. It's not hard to make an argument that Pettersson is worth that given recent comparables around the league, his own resume, and when you factor in future performance. https://t.co/stqnxiVsPS
In a new @rayanddregs, @rayferraro21 & @DarrenDreger wonder how the #Canucks and Elias Pettersson reportedly went from not talking about a contract to suddenly talking about getting one done, and what to expect from him on the ice if a deal gets finalized: https://t.co/fVwvvRKCi9 https://t.co/ImYOkGs2yU
The noise in the market about Elias Pettersson’s contract reached a fever pitch in the past week. Canucks management met with Pettersson in the last few days and they got back to the negotiating table. Certainly not done but they are talking contract.
The Canucks are reportedly close to locking up Elias Pettersson. 👀 https://t.co/Oa0yY1Lyh5 https://t.co/YNJpli19BS
Per @frank_seravalli, the #Canucks and their fans can breathe a sigh of relief. He reports that Elias Pettersson and the team are closing in on a long-term extension. Read more about what he might make on @TheHockeyNews.⤵️ https://t.co/h7WNz67BYw https://t.co/h7WNz67BYw
An 8-year extension for Pettersson would be a huge win for Canucks
Sources say #Canucks have made significant progress with superstar Elias Pettersson working on what is believed to be an 8-year contract extension. Not done, but big development, and a new deal could be finalized in the coming days. @DailyFaceoff
Canucks Coffee: What's brewing with Elias Pettersson? Teammates weigh in https://t.co/4GSySY4nL5 https://t.co/ZP72JefIy8
Petterson is engaged. Tries a wrap-around and stands his ground before roofing his own rebound over net. #Canucks
Pettersson dominating 5-on-5 this evening. 👀 #Canucks
it's not so much about fairness to the player as it is questioning if #Canucks are putting Pettersson in best position to succeed 5-on-5 playing him with a winger that has gone 28 games without a goal and has 8A in that time
Have you started considering Elias Pettersson trades? #Canucks
Is Pettersson hinting at what he wants by not signing a new deal? Canucks Central starts now.
Dhaliwal on Pettersson negotiations: Canucks aren't getting any indication from Pettersson that he wants to be here long-term. There's frustration there. I have no intel he wants out. Up until now I always thought EP would re-sign but I'm not so sure now. @DonnieandDhali