Veleno, Berggren Can Take Red Wings to Arbitration

Detroit Red Wings restricted free agents Joe Veleno and Jonatan Berggren have until today at 5 pm to decide whether to opt for arbitration to determine their next contract.

Often, opting for free agency brings the two sides together on a new contract. Only occasionally do players actually go through the arbitration process.

A source knowledgeable about comparables and the arbitration process projected that Veleno (12 goals in 2023-24) would be in the $2 million range. AFP Analytics projects Veleno with a two-year deal at $1.98 million per season. AFP forecasts Berggren on a one-year deal worth $874,000. Young defenseman Albert Johansson, likely to make the Red Wings roster this season, recently signed for $775,000, but does not have the NHL experience that Berggren has.

Every dollar for these two contracts matters to the Red Wings who want to lock No. 1. 1 defenseman Moritz Seider and 30-year Lucas Raymond into longer-term deals. Those two deals could cost $17 million or more, leaving Detroit with just over $3 million for Veleno and Berggren.

Arbitration decisions are based heavily on statistics and comparables. Berggren has 17 goals and 34 points in 76 career games. If a team “walks away” — in other words they reject it — the player becomes an unrestricted free agent.

The NHLPA will announce the players who filed for arbitration on July 5th, a little after the 5pm est deadline.

There are currently 47 players eligible to file for arbitration. the arbitration hearings will be scheduled between july 20th & august 4th pic.twitter.com/snt6GHTdq7

— hope (@mikazibanejads) July 5, 2024

The NHLPA will issue a press release later today about everyone who has filled for arbitration. Once an arbitration date is set for each case, the two sides usually start getting serious about negotiating a new deal. Once an arbitration is finished, the arbitration will render a decision in 48 hours.

Some interesting potential arbitration cases include Boston’s goalie Jeremy Swayman, Carolina’s Martin Necas and Columbus’s Kiril Marchenko.

Former Detroit Red Wings’ defenseman Dennis Cholowski also has the right to take the New York Islanders to arbitration.