Carolina Hurricanes sign Teuvo Teravainen to two year, $5.72 million contract extension

The Carolina Hurricanes announced Thursday morning that they have re-signed Finnish forward Teuvo Teravainen to a two-year contract extension. The deal will pay him $2.86 million per season with the contract expiring at the conclusion of the 2018-19 season.

Teravainen was traded to the Hurricanes on June 15, 2016 - exactly one year ago - along with Bryan Bickell for a second round pick in the 2016 NHL Draft and a third round pick in the 2017 draft. Teravainen thrived with his new team, posting career highs in every statistical category. He finished with 15 goals, 27 assists and 42 points.

The bridge contract for the 22-year-old Teravainen will end with him again a restricted free agent, albeit with arbitration rights, two years away from unrestricted free agency.

With Teravainen now signed, the Canes have a projected cap hit for next season of $48.5 million per CapFriendly. Among roster players, Brock McGinn is the only remaining restricted free agent without a new contract, and five other RFAs are on the non-roster list including Trevor Carrick and Phil Di Giuseppe.

See the Hurricanes press release regarding the Teravainen deal below:

HURRICANES AGREE TO TERMS WITH TERAVAINEN
Forward had career-highs in goals, assists and points in 2016-17

Ron Francis, Executive Vice President and General Manager of the National Hockey League’s Carolina Hurricanes, today announced that the team has agreed to terms with forward Teuvo Teravainen on a two-year contract. The deal will pay Teravainen $2.86 million per season in 2017-18 and 2018-19.

“Teuvo is a highly-skilled player and an important part of what we are building here,” Francis said. “He’s still a very young player and we look forward to seeing him take the next step in a Hurricanes uniform.”

Teravainen, 22, established career highs in games played (81), goals (15), assists (27) and points (42) in 2016-17. The Helsinki, Finland, native ranked second among Hurricanes skaters in power-play points (15) and fifth in assists during his first season with the club. Teravainen was acquired by Carolina on June 16, 2016, along with Bryan Bickell in exchange for a second-round selection in the 2016 NHL Draft and a third-round pick in 2017.

Teravainen (5’11”, 178 lbs.) was originally selected by the Blackhawks in the first round, 18^th overall, of the 2012 NHL Draft, and has totaled 86 points (32g, 54a) in 196 career regular-season games with Chicago and Carolina. He has earned 11 points (4g, 7a) in 25 career postseason contests, capturing the Stanley Cup with the Blackhawks in 2015. Teravainen has represented Finland in a number of international competitions, including the 2016 World Cup of Hockey, alongside fellow Hurricanes forward Sebastian Aho.