Canucks not expected to re-sign veteran defenseman

The Canucks are not expected to come to terms on a new contract with defenseman Ian Cole before he reaches unrestricted free agency next month, CHEK’s Rick Dhaliwal reports.

Cole, 35, is one of four blue-liners headed toward UFA status that Vancouver had on its NHL roster at the end of the season. With Tyler Myers and Nikita Zadorov positioned as higher-priority targets to re-sign, as well as a big-name pending UFA up front in Elias Lindholm, it’s not terribly surprising to see Canucks general manager Patrik Allvin turn his attention away from Cole over the next few weeks.

That’s not a knock on the season Cole had in British Columbia, though. He may have ended his Canucks tenure with a disappointing stretch of postseason play, but he gave them solid bottom-four minutes throughout the regular season after signing a one-year, $3M pact in free agency last summer.

A first-round pick of the Blues back in 2007, Cole has settled in as a useful third-pairing or complementary second-pairing shutdown defender for teams as he enters the twilight of his career. He put up two goals and nine assists for 11 points in 78 contests for the Canucks this year, averaging 18:41 per game while doing well to control the majority of quality scoring chances despite playing difficult defensive minutes. Vancouver controlled 53% of expected goals with Cole on the ice at even strength, his third straight season with an xG% above 50.

Now a true journeyman, Cole has suited up for five teams in the past four seasons and could make it a sixth in a few weeks. He’s eligible for a 35+ contract, allowing a team to sign him for a reduced initial cap hit while awarding him additional compensation via performance bonuses, but they would need to have the cap space to accommodate those bonuses if he hits them to avoid a penalty the following season. Evolving Hockey projects him to land a one-year, $2.5M commitment on the open market.