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What Can We Expect From a Mikael Granlund Extension?

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Contract talks are reportedly going on between Center Mikael Granlund and the Minnesota Wild. How much will he make on his next deal?

With Jonas Brodin and Charlie Coyle taken care of, the Wild are trying to sign Mikael Granlund to an extension.
With Jonas Brodin and Charlie Coyle taken care of, the Wild are trying to sign Mikael Granlund to an extension.
Tom Pennington

The Minnesota Wild started this season with 6 young players under the last year of their contract. While the Wild still were slated to retain the rights of Jonas Brodin, Charlie Coyle, Christian Folin, Mikael Granlund, Erik Haula, and Marco Scandella at the end of the season, protracted contract negotiations with Nino Niederreiter and Darcy Kuemper made going through the season without extending any of these players an undesirable proposition.

To solve this issue, Wild General Manager Chuck Fletcher has targeted players to extend during the season to avoid so many simultaneous negations. First, we saw Jonas Brodin signing a 6-year deal worth 25 million, and followed it up 10 days later by inking Charlie Coyle to a 5-year extension worth 16 million per year. Both deals were notable for being low-risk and team-friendly.

After the Coyle extension was finalized, it was reported that the Wild were turning their focus onto their young Center, Mikael Granlund. A wise choice, as the 2010 1st-round pick has been the face of the Wild's youth movement since the time he was drafted. While the points haven't quite been there so far this season, Granlund is still expected to build upon his successful 13-14 campaign, where he scored 41 points in 63 games.

So far, all we know about this pending extension is that Granlund is looking to pass on the kind of long-term deal Coyle and Brodin were eager to take, and is looking for a shorter-term deal, in the 2-3 year range. If the Wild are agreeable to that term, the only question becomes dollars.

How much should Granlund make? To answer that, let's look at some rough comparables, and see what they managed to get in their second contracts.

So, here's a rough group of NHL forwards with roughly the amount of playing experience Granlund has had at this point in his career. Let's look at players that have had similar point-per-game production as Granlund in that span, and look at their second contracts.

Mikael Granlund (103 GP, 0.52 PPG): ???

Tyler Johnson (96 GP; 0.58 PPG): 3 years, 10 million; 3.33M AAV (Average Annual Value, or Cap Hit)

Adam Henrique (117 GP; 0.57 PPG): 6 years, 24 million; 4M AAV

Brad Marchand (173 GP; 0.56 PPG) 2 years, 5 million; 2.5M AAV

Cody Hodgson (139 GP; 0.55 PPG) 6 years, 25.5 million; 4.25M AAV

Jaden Schwartz (132 GP; 0.55 PPG) 2 years, 4.7 million; 2.35M AAV

Ryan O'Reilly (155 GP; 0.52 PPG) 2 years, 10 million; 5M AAV

James van Reimsdyk (196 GP; 0.51 PPG) 6 years, 25.5 million; 4.25M AAV

Ryan Johansen (189 GP; 0.51 PPG) 3 years, 12 million; 4M AAV

Chris Kreider (103 GP; 0.47 PPG) 2 years, 4.95 million; 2.475M AAV

So, at least on a surface level, these are the players Mikael Granlund will likely be compared to in these negotiations. Since we're not talking about a long-term deal, it's probably a good idea to throw the Henrique, Hodgson, and van Reimsdyk contracts out the window, leaving us with Johnson, Marchand, Schwartz, O'Reilly, Johansen, and Kreider to give us a range of possibilities for Granlund's next contract, ranging from 2.35 to 5 million per season.

It's safe to throw away the O'Reilly deal. O'Reilly's 2 years for 10 million contract is an outlier for two reasons. The first being that O'Reilly established himself from a very young age as having defensive value that Granlund does not- and may never- have. The second and probably more relevant reason is that deal wasn't negotiated by the Colorado Avalanche, but rather the Calgary Flames. An offer sheet is designed to prevent a team not to match, not to necessarily pay a player according to "market value".

So, now we have a range somewhere in between 2.35 million and 4 million. Based on previous extensions Wild players have signed, I think we can safely eliminate anywhere below 2.66 million. Jared Spurgeon and Nino Niederreiter both signed for that, and Granlund is likely to see his upside as being higher than both of them. Similarly, I don't think the Wild are going to be willing to give Granlund 4 million over a short term, which is pretty close to the money they offered Brodin to sign a 6-year deal.

With all that in mind? I'm guessing when a deal gets done, it will be similar to the Tyler Johnson contract, 3 years at somewhere between 3 and 3.33 million. Getting such a deal done would greatly benefit both sides. Granlund would be paid on the higher end of his comparables, earning more than Niederreiter close to the amount Coyle signed long-term for. In addition 9-10 million represents what would seem to be a fair amount of security for a player that has had past issues with head injuries.

As for the Wild, they'd be paying a fair market deal to a player they've long considered to be the centerpiece of their youth movement. A 3 year contract also would mean that the Wild would still retain his Restricted Free Agent rights, giving them an opportunity to lock Granlund down in a long-term extension.

What do you expect the terms of a Granlund extension to be, Wilderness?