The Minnesota Wild have signed veteran center Mikko Koivu to a two-year, $11 million contract extension, the team announced Monday. The deal, which goes into effect starting with the 2018-19 season, gives him a $5.5 million annual cap hit.
Koivu still has one year remaining on the seven-year, $47.25 million contract he signed with the Wild back in 2010. He’s taking a pay cut with this deal, as his cap hit drops from $6.75 million to $5.5 million following the upcoming season.
The Wild have made five consecutive playoff appearances with Koivu as their captain. The 34-year-old finished third in voting for the Selke Trophy, awarded to the game’s top defensive forward, last season. He put up 18 goals and 58 points for the Wild, who finished second in the Central Division with a 49-25-8 record.
Koivu is a strong two-way center who can make plays and be responsible in the defensive end. He’s played at a pace of nearly 60 points per 82 games throughout his career, and regularly puts up strong possession numbers. Since Hockey-Reference started recording Corsi in 2007-08, he’s never posted a negative Corsi Relative, which means the Wild have posted a higher Corsi with him on the ice than off every year.
The Wild now have $63.3 million tied up in 11 forwards, four defensemen, and two goaltenders for the 2018-19 season, per Cap Friendly. They still have a pair of key RFAs for next summer in Matt Dumba and Jason Zucker.