Hurricanes Re-Sign Seth Jarvis To Eight-Year Contract

Earlier this week, a report from The Fourth Period’s David Pagnotta indicated that the Hurricanes and RFA winger Seth Jarvis were nearing an agreement on a long-term contract.  That is indeed the case as the team announced that the two sides have reached an eight-year, $63.2MM contract.  GM Eric Tulsky released the following statement:

Seth is a cornerstone player for our franchise. He took another huge step last season, playing in all situations and displaying the skill and competitive drive that will make him a star in this league in the years to come.

Typically, the AAV of a contract is the total value divided by the number of years which in this case would be $7.9MM.  However, Daily Faceoff’s Frank Seravalli (who first reported the deal) reports that there is a deferred signing bonus payment due July 1st, 2032, a day after the expiration of the agreement.  By doing so, the contract’s AAV will actually check in at $7.5MM.  Chris Johnston of TSN and The Athletic adds (Twitter link) that the deal contains $30MM of signing bonus money, the breakdown of which is not yet known.

The contract will cover the four remaining RFA-eligible seasons plus his first four seasons of UFA eligibility.  It’s only those last four years that will be eligible for trade protection.

The 22-year-old was selected 13th overall by the Hurricanes in 2020.  Jarvis spent his post-draft campaign in the WHL and then made the jump to the NHL at 19.  He put up 17 goals and 23 assists in 68 games in his rookie season and followed that up with 14 goals and 25 helpers in 82 games in his sophomore campaign.

Last season was a breakout performance for Jarvis.  He set career-highs with 33 goals and 34 assists in 81 games while averaging 18:45 per night.  His 67 points were good for second on the team in scoring behind only Sebastian Aho.  Jarvis was also one of Carolina’s top scorers during the postseason as he had five goals and four helpers in 11 contests, putting him third in team scoring.  That certainly gave him some extra bargaining power heading into contract negotiations.

Carolina went into these discussions with roughly $6.44MM in cap space, per PuckPedia so this agreement will put them around $1MM over the Upper Limit.  However, with Jesper Fast expected to miss the entire season after having neck surgery, the Hurricanes will be able to put him on LTIR, getting them back into cap compliance.  They can also opt to carry a roster with fewer than the maximum of…