Grading Marcus Pettersson’s $33 Million Contract Extension with the Canucks

Marcus Pettersson recently signed a six-year contract extension with the Vancouver Canucks, solidifying his place on their blueline for the foreseeable future. This deal, which carries a $5.5 million annual average value, was officially announced by the team on Wednesday. The extension begins on July 1, when the 2025-26 NHL season kicks off, and it includes a full no-movement clause for the first three years, later transitioning to a 15-team no-trade clause for the final three seasons.

With the 2025 NHL Trade Deadline approaching, it’s time to break down how this extension works for both Marcus Pettersson and the Canucks—two key players in this major move.

Pettersson’s Decision: Stability Over Payday

While Marcus Pettersson could have gone to NHL Free Agency and potentially earned a much larger contract, he opted for early security with the Canucks. The rising salary cap for the 2025-26 campaign would likely have allowed him to demand a deal worth more than $6 million per year. However, Pettersson chose stability, securing a six-year term with a $5.5 million average annual value.

Though this contract is slightly less than what he could have earned on the open market, Pettersson enjoys complete control over his future in the first three years. With a full no-movement clause, he is in the driver’s seat when it comes to potential trades or waivers. Even in the latter half of the deal, the 15-team no-trade clause offers substantial leverage, making this a favorable deal for the defenseman. He traded a higher short-term payday for the peace of mind and long-term stability that this contract guarantees.

The Canucks’ Perspective: Paying for Depth and Protection

The Canucks were in need of a solid left-side defenseman, which is why they acquired Marcus Pettersson from the Pittsburgh Penguins ahead of the 2025 NHL Trade Deadline. The Canucks paid a steep price, including a first-round pick, to bring him to Vancouver. Now, with his contract extension, the Canucks have ensured they’ll have the necessary depth on their blueline to compete long-term.

At $5.5 million per year, Pettersson’s deal is not cheap, especially for a second-pairing defenseman. However, it is important to note that Vancouver likely saved money by locking him up now, as his price would have increased significantly if he hit free agency. While the Canucks are betting on Pettersson’s long-term value, they have ensured a solid return on investment by avoiding a bidding war for his services in the coming summer.

There is some risk involved, as Pettersson’s no-trade clause means Vancouver won’t have the flexibility to easily move him if things go south. However, with the salary cap expected to rise over the next few years, the Canucks should have more room to maneuver financially, which could make Pettersson’s contract easier to manage.

Grades and Final Thoughts: A Win for Both Sides

In the end, this $33 million contract extension is a solid win for both Marcus Pettersson and the Canucks. Pettersson secured his future with long-term stability, while Vancouver addressed a critical need on their blueline with a player who has proven to be reliable and effective. The Canucks’ investment in Pettersson comes with some risk, particularly given his no-trade protection, but it’s a risk worth taking considering the team’s future prospects.

Both sides have made a deal that should age well, and Pettersson’s role in Vancouver’s defense will be vital to the team’s success in the years to come.