For the first time since 2015, an NHL player filed for arbitration, went to the hearing, and was awarded a contract via arbitration.
Nate Schmidt, the player Vegas selected from the Washington Capitals at the Expansion Draft, was awarded a two year contract worth $4.45M.
Prior to the arbitration hearing it was reported Schmidt and his agent were seeking a one year deal for $2.75M while the Golden Knights were looking for a two year deal worth around $1M per year. Aside from the obvious difference in contract value, the length was an important portion of these negotiations, and likely the reason an arbitration hearing was necessary.
Schmidt, 26, will be eligible for unrestricted free agency at the end of his next contract, so it would have suited him nicely to be on a one year deal. Vegas on the other hand preferred to keep him under control for as long as possible, especially before having the opportunity to see him play in a Golden Knights jersey.
It went fine. Both sides were very professional and Nate handled it well. –Matt Keator, Schmidt’s agent
Neither the Golden Knights, Schmidt, nor his agent Matt Keator have commented since the ruling.
**We will have more if/when either side comments on the contract.**