Regarding the article earlier today concerning Erik Cole and a possible, upcoming new contract:
The Hurricanes official policy regarding contracts is not to negotiate with players until after the season is over. According to a source who will remain unnamed, at this time the club says that they are not breaking this policy regarding Erik Cole, or any other player who has an expiring contract this offseason. They will wait until the season is over to begin negotiations, as usual.
Now having said this, they did make an exception to the policy when they completed Eric Staal's contract extension earlier this year. Regardless, there is nothing official from the club confirming any ongoing negotiations with Cole. The article from The Fourth Period.com, which originated from Bruce Garrioch of the Ottawa Sun, is just speculation, and should be treated as such.
The Canes will certainly attempt to re-sign the winger at some point though, so it is interesting speculation, none the less.