Colorado Avalanche sign Miles Wood to six-year $15 million contract

Colorado Avalanche general manager Chris MacFarland announced that they have signed free agent forward Miles Wood to a six-year, $15 million contract.

According to CapFriendly, the contract will have an average annual value (AAV) of $2.5 million. The contract will run through 2028-29, where he will become an unrestricted free agent.

Daily Faceoff insider Frank Seravalli was the first to report on the contract details.

The 27-year-old spent the 2022-23 season with the New Jersey Devils, where he registered 13 goals, and 14 assists for 27 points in 76 games to go with 76 penalty minutes. Wood added two goals in eight Stanley Cup Playoff games.

Wood was drafted by the Devils’ No. 100 overall in the 2013 NHL Draft. He played one season of college hockey in 2015-16 with Boston College, winning the NCAA Hockey East championship and notched 10 goals and 25 assists for 35 points in 37 games. He joined the Devils at the end of the NCAA season and made his NHL debut.

He has spent the last seven years in New Jersey and registered a career-high 19 goals and 32 points in 2017-18. Wood signed a four-year, $11 million extension with the Devils in the fall of 2018 as training camp was underway. He then signed a one-year, $3.2 million extension under new general manager Tom Fitzgerald. Wood was an unrestricted free agent prior to the extension. The Devils decided not to bring him back, thus sending him into free agency.

Throughout his career thus far, Wood has appeared in 402 NHL games with the Devils, notching 78 goals and 70 assists for 148 points and 427 penalty minutes in that frame.