Red Wings, Veleno avoid arbitration with 2-year, $4.55M deal
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The Detroit Red Wings signed forward Joe Veleno to a two-year contract with a $2.275-million cap hit to avoid arbitration, the club announced Saturday.
Veleno, 24, tallied a career-high 12 goals and 28 points in 80 games last season. He was a restricted free agent and had filed for salary arbitration July 5.
The Red Wings drafted Veleno 30th overall in 2018. He's accumulated 30 goals and 64 points in 232 career contests with Detroit.
The Red Wings have $17.6 million of cap space after the signing, according to PuckPedia.