Coyotes, Niklas Hjalmarsson agree on 2-year, $10 million extension

The Arizona Coyotes and defenseman Niklas Hjalmarsson have reportedly agreed in principle to a contract extension, according to 98.7 FM Arizona’s Sports Station’s Craig Morgan.

I don’t have terms yet, but a league source tells me the Coyotes & D Niklas Hjalmarsson have agreed in principle to a contract extension that can’t be signed until July 1. With Raanta & Ekman-Larsson (also July 1) also agreeing to extensions, the Scandinavians are secured.

— Craig Morgan (@craigsmorgan) June 23, 2018

Per the CBA, the deal can’t be signed until July 1 when free agency begins.

UPDATE: The dollar amount is not yet known, but a source told arizonasports.com on Sunday that the extension is for two years, putting Hjalmarsson under contract through the 2020-21 season.

UPDATE: A league source said the contract extension is for $10 million.

The defenseman has one year left on his previous contract with a cap hit of $4.1 million.

Hjalmarsson, who had a shortened 2017-18 season due to injury, played in 48 games, scoring nine points (one goal and eight assists).

If the 31-year-old does sign his extension, he will join defenseman Oliver Ekman-Larsson, whom arizonasports.com reported has agreed to an eight-year extension with Arizona with an average annual value of $8.25 million. Ekman-Larsson’s extension is also expected to be signed on July 1.

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