Veleno Inks Two-Year Deal, Avoiding Arbitration with Red Wings

The Detroit Red Wings have secured the future of young forward Joe Veleno, signing him to a two-year contract worth $4.55 million on Saturday.

Key Points:

• The deal carries an average annual value (AAV) of $2.275 million.
• Veleno, a restricted free agent, had previously filed for salary arbitration.
• This contract avoids the arbitration process and keeps Veleno in Detroit for the next two seasons.

Veleno’s Rise:

• The 24-year-old forward enjoyed a breakout season with the Red Wings in 2023-24, setting career highs in goals (12), assists (16), and points (28) across 80 games.
• Drafted by Detroit in the first round (30th overall) of the 2018 NHL Draft, Veleno has amassed 64 points (30 goals,34 assists) in his 232-game NHL career.

Looking Ahead:

• This contract signifies the Red Wings’ commitment to Veleno’s development as a key piece of their young core.
• With his offensive potential on display last season, Veleno is poised to play a significant role in the team’s future success.