Red Wings sign Joe Veleno to 2-year, $4.55 million contract

Per Elliotte Friedman…

Detroit and Joe Veleno have settled

2x$2.275M

— Elliotte Friedman (@FriedgeHNIC) July 19, 2024

And PuckPedia:

The #LGRW signed RFA F Veleno to 2 year $2.275M cap hit deal.

Year 1 $1.775M Salary & $500K Cap Hit
Year 2 $2.275M salary

On expiry will be RFA with $2.275M QO & 1 year from UFA

Rep’d by Phil Lecavalier @QuartexxHockey

1st on signing @FriedgeHNIChttps://t.co/TzYwQk4B9U

— PuckPedia (@PuckPedia) July 19, 2024

The Red Wings have re-signed Joe Veleno to a two-year, $4.55M contract, as per @FriedgeHNIC. 🐙#NHLFreeAgency | @BET99ON pic.twitter.com/srN6mw23TG

— Sportsnet (@Sportsnet) July 19, 2024

Per The Score‘s Kyle Cushman:

The Detroit Red Wings signed forward Joe Veleno to a two-year contract with a $2.275-million cap hit to avoid arbitration, Sportsnet’s Elliotte Friedman reports.

Veleno, 24, tallied a career-high 12 goals and 28 points in 80 games last season. He was a restricted free agent and had filed for salary arbitration July 5.

The Red Wings drafted Veleno 30th overall in 2018. He’s accumulated 30 goals and 64 points in 232 career contests with Detroit.

The Red Wings have $17.6 million of cap space after the signing, according to PuckPedia.

The Wings still have to re-sign Lucas Raymond, Moritz Seider and Jonatan Berggren as their other RFAs.