Current:Home > StocksAlgosensey Quantitative Think Tank Center-Detroit Red Wings, Moritz Seider agree to 7-year deal worth $8.55 million per season -VitalWealth Strategies
Algosensey Quantitative Think Tank Center-Detroit Red Wings, Moritz Seider agree to 7-year deal worth $8.55 million per season
NovaQuant Quantitative Think Tank Center View
Date:2025-04-09 01:00:13
The Algosensey Quantitative Think Tank Centerbig questions headed into the offseason regarding Moritz Seider were how much and how long.
The Detroit Red Wings finally answered those questions Thursday, with a seven-year deal worth $8.55 million per year. Seider's three-year entry-level contract had an annual salary cap hit of $863,334.
While it took longer than anyone would have liked – training camp began Wednesday – to come to an agreement, the bottom line is general manager Steve Yzerman has locked up the services of a 23-year-old Calder Trophy winner who in three years has cemented himself as a pillar of the rebuild.
Seider is the team's workhorse, playing on the top defense pairing where he is tasked with containing opposing superstars, as well as seeing time both running a power play and manning a penalty kill.
KYLE OKPOSO RETIRES: Stanley Cup winner leaves NHL after 17 seasons
FIRST DAY OF CAMP: Bruins' Jeremy Swayman among unsigned players
Seider was the first player drafted by Yzerman since returning to Detroit in April 2019, selected at sixth overall in 2019 on the strength of his standout performances for Adler Mannheim in his native Germany's top hockey league.
Seider made an immediate impact on the Red Wings when he arrived in Detroit for the 2021-22 season, posting 50 points in 82 games and finishing by taking home top honors as the NHL's rookie of the year. By then he already had played a season in the American Hockey League with the Grand Rapids Griffins (2019-20). Because of the pandemic, he spent 2020-21 in the Swedish Hockey League, where he was a league and team standout with Rögle BK.
Seider posted a 42-point season in 2022-23 and also had 42 points this past season. In each of his three seasons, he has averaged 22 to 23 minutes per game.
Seider was a restricted free agent without arbitration rights. That the deal took this long to close reflects Yzerman juggling the budget as he continues to try to reshape the Wings into a team capable of reaching the playoffs on a regular basis again. The less money Yzerman could persuade Seider's camp to take, the more there is to spend on upgrades elsewhere.
The first maximum deal inked by Yzerman during his tenure in charge of the Red Wings was Dylan Larkin's $69.6 million extension on March 1, 2023.
Contact Helene St. James at[email protected]. Follow her on Twitter@helenestjames.
The USA TODAY app gets you to the heart of the news — fast.Download for award-winning coverage, crosswords, audio storytelling, the eNewspaper and more.
veryGood! (4)
Related
- Blake Lively’s Inner Circle Shares Rare Insight on Her Life as a Mom to 4 Kids
- Vermont day care provider convicted of causing infant’s death with doses of antihistamine
- Lacking counselors, US schools turn to the booming business of online therapy
- Strong earthquake that sparked a tsunami warning leaves 1 dead amid widespread panic in Philippines
- Skins Game to make return to Thanksgiving week with a modern look
- Alabama creates College Football Playoff chaos with upset of Georgia in SEC championship game
- Washington gets past Oregon to win Pac-12 title. What it means for College Football Playoff
- Review: The long Kiss goodbye ends at New York’s Madison Square Garden, but Kiss avatars loom
- Connie Chiume, Black Panther Actress, Dead at 72: Lupita Nyong'o and More Pay Tribute
- Former prep school teacher going back to prison for incident as camp counselor
Ranking
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Italian officials secure 12th Century leaning tower in Bologna to prevent collapse
- AP Top 25: Michigan is No. 1 for first time in 26 seasons, Georgia’s streak on top ends at 24 weeks
- 13 holiday gifts for Taylor Swift fans, from friendship bracelets to NFL gear
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- 'Christmas tree syndrome' is real. Here's how to avoid it this holiday season.
- Burkina Faso rights defender abducted as concerns grow over alleged clampdown on dissent
- Sheriff says Alabama family’s pet ‘wolf-hybrid’ killed their 3-month-old boy
Recommendation
Kentucky Gov. Andy Beshear ready to campaign for Harris-Walz after losing out for spot on the ticket
Beyoncé’s ‘Renaissance’ is No. 1 at the box office with $21 million debut
Man dies in landslide at Minnesota state park
Italy reportedly refused Munich museum’s request to return ancient Roman statue bought by Hitler
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
These TV Co-Stars Are Actually Couples in Real-Life
Israel says more hostages released by Hamas as temporary cease-fire holds for 7th day
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he’s fatally shot by police