New Jersey Devils file for arbitration with Miles Wood
An arbitrator can take as much as 15% off of a player's qualifying offer.
Follow me on Twitter @ToddCordell | @InfernalAccess
Be sure to join the Discord channel to talk hockey, and everything else, with our writers and subscribers.
The New Jersey Devils extended qualifying offers to all of their restricted free agents in advance of Monday’s deadline. No surprises there.
What was noteworthy, however: the Devils filed for club-elected arbitration with winger Miles Wood.
The 26-year-old was qualified at $3.5 million, a number the organization clearly doesn’t love.
Thus, the Devils are taking Wood to arbitration in hopes of getting that salary dropped. An arbitrator can pull up to 15% off of the qualifying offer.
Teams can take players to arbitration, to a maximum of 2 Team Elections per year.
If a player made $2.11M or more in the last season, the Arbitration award must be 85% of their previous season pay or more.
If the two sides don’t come to terms in advance of a hearing, the Devils will be hoping to talk an arbitrator into an 85% reward.
That would equate to $2.975 million; quite a bit less than the $3.5M he was qualified at.
Keep reading with a 7-day free trial
Subscribe to Infernal Access to keep reading this post and get 7 days of free access to the full post archives.