Wild sign Jared Spurgeon to 7-year, $53 million extension
One of Bill Guerin’s first big moves as general manager of the Minnesota Wild was to make sure one of his team’s top defenders will remain with the team for quite a long time.
The team announced on Saturday that it has signed veteran defender Jared Spurgeon to a seven-year, $53 million extension. The contract, which begins at the start of the 2020-21 season, will run through the end of the 2026-27 season and carry a cap hit of $7.575 million. That salary cap hit is the largest one ever handed out by the Wild, just barely topping the cap hits belonging to Zach Parise and Ryan Suter.
Spurgeon was set to become an unrestricted free agent this upcoming season and would have almost certainly been one of the top players on the open market. Instead, he remains in Minnesota where he will continue to play for the only team he has ever known.
In the short-term, Spurgeon is worth every penny to the Wild. He may not be a household name among the NHL’s elite defenders, but he is an excellent top-pairing player that excels in both his own end of the ice and offensively. The only potential downside to the deal is that Spurgeon turns 30 in November and will be turning 31 in his first year of the new contract.
That is an expensive investment in a player on the wrong side of 30, something the Wild already have a lot of. With Spurgeon’s contract in place the team now has more than $38 million committed to seven players next season that will be over the age of 30. That number would only increase if they re-sign Mikko Koivu.
How Spurgeon’s career holds up will go a long way toward determining how this works out for the Wild.