Elias Pettersson, Canucks Agree To Eight-Year Extension

Elias Pettersson, Canucks Agree To Eight-Year Extension

Have no fear, Elias Pettersson is staying. After a weird rollercoaster ride, the Canucks finally got Pettersson to agree to stick around long term. Pettersson just got paid and will agree to an eight-year extension with the Canucks that will start next year.

Frank Seravalli over at Daily Faceoff has been all over this. He reported a few days ago that the two sides gained traction. Now he was first to report the specifics of the agreement. Pettersson will sign a long term deal with Vancouver while carrying an AAV of $11.6 million.

#Canucks sign superstar Elias Pettersson: 8 years x $11.6 million.

— Frank Seravalli (@frank_seravalli) March 2, 2024

Pettersson, 25, was not a player the Canucks could afford to lose. In 62 games this season, the Canucks top line center has 75 points. That’s while coming off a 102 point season the year prior. Pettersson is a superstar in every sense of the word and a large reason why Vancouver leads the Pacific division thus far.

The former Fifth overall in the 2017 NHL Entry Draft will now stick around with the team that selected him. A huge development considering the circumstances. Circumstances like Canadian taxes. Obviously, Pettersson would keep a significantly bigger portion of this contract if he signed with an American team.

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Credit to the entire Canucks organization. Without the turnaround led by Rick Tocchet and Jim Rutherford, there is a good chance Pettersson might be leaving. The new winning ways in Vancouver likely swayed Pettersson to stay. Vancouver certainly has a chance to hoist the Stanley Cup this year.

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