Canucks ink former first-round pick to two-year extension

The Vancouver Canucks have signed forward Vasily Podkolzin to a two-year contract extension with an average annual value of $1M. The 22-year-old is in the final year of his entry-level contract and currently carries a cap hit of $925K. The timing of the extension is interesting as Podkolzin hasn’t shown much offensively at the NHL level over the past two seasons after a solid rookie year back in 2021-22.

As a rookie, Podkolzin dressed in 79 games for the Canucks and posted 14 goals and 12 assists while he averaged nearly 13 minutes of ice time per game and showed flashes of the skill that made him the tenth overall pick in the 2019 NHL Entry Draft. However, the following season, Podkolzin’s offensive numbers fell off a cliff as he registered just four goals and three assists in 39 NHL games and was demoted to the AHL where he played 28 games and tallied seven goals and 11 assists.

This season has been more of the same offensively, as Podkolzin has just two assists in 18 NHL games. However, he has been much more assertive physically and has shown more responsibility with the puck on his stick, leading to fewer turnovers.

The extension seems like a low-risk gamble by the Canucks to try and sign a player with a ton of potential to a low-cost deal that could pay huge dividends in the not-too-distant future. While Podkolzin hasn’t scored much in the NHL outside of his rookie season, he has solid underlying numbers and has other elements to his game to which he can contribute.