Wild captain Mikko Koivu takes pay cut, agrees to two-year extension

Mikko Koivu is the second player of the night to reach 600 career points. The long-time Wild player achieved the mark with his 17th goal of the year.

Minnesota Wild captain Mikko Koivu has signed a two-year contract extension, the team announced Monday evening.

The deal will pay him a total of $11 million over the two years—$6 million for the 2018-19 season and the remaining $5 million in 2019-20, according to a team press release.

Koivu’s new salary cap hit of $5.5 million will come into effect once his seven-year, $47.25-million contract ($6.75 million AAV) expires following the 2017-18 campaign.

The 34-year-old was selected sixth overall by the Wild at the 2001 NHL Draft and was named the team’s full-time captain in 2009.

Koivu had 18 goals (his highest total since 2010), 40 assists, a career-high 65 blocked shots and averaged 19:07 in ice-time in 80 games in 2016-17 and the Turku, Finland, native was a finalist for the Frank J. Selke Trophy.

September 18, 2017

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Mikko Koivu
Centre
AGE: 34
LENGTH:
2 Years
CONTRACT TYPE:
Contract Extension
SALARY CAP HIT:
$5.5 million
TOTAL:
$11 million