Full details of J.T. Miller's new deal.

The Vancouver Canucks pulled off a huge move on Friday when they announced that they had signed star forward J.T. Miller to a brand new contract extension, one that came in at 7 years with an average annual value and salary cap hit of $8 million per season.

As is often the case when it comes to signings in the National Hockey League however, the real story of Miller's new contract won't be found in the length or the value of his deal but rather in the finer details.

One of the biggest stories surrounding Miller's new deal will be surrounding the stability he has earned himself on this contract with a no movement clause throughout the entire length of the deal. While Miller will be protected by that no movement clause, in the final 3 years of the deal the Canucks will have the option to trade him due to a modified no trade clause that will kick in on July 1, 2027 as per Cap Friendly. That modified no trade clause will require Miller to submit a list of 15 teams he does not want to be traded to, which in theory would open a window for the Canucks to trade him to any of the teams not included on that list.

The first to report on the details regarding Miller's new deal was Canucks insider Rick Dhaliwal.

Here is a full year by year breakdown of the deal:

2023 - 2024: $8.5m signing bonus + $1m base salary.
2024 - 2025: $5m signing bonus + $4m base salary.
2025 - 2026: $5m signing bonus + $4m base salary.
2026 - 2027: $0 signing bonus + $7m base salary.
2027 - 2028: $3m signing bonus + $4.5m base salary.
2028 - 2029: $2.5m signing bonus + $4.5 base salary.
2029 -2030: $0 signing bonus + $7m base salary.

The salary structure of Miller's deal will also be important for both the player and the organization. The two lowest earning years of Miller's contract, in terms of actual real dollars, will be in the final 2 years of the deal which in theory could make it easier for the Canucks to trade an aging Miller to a team trying to save money while also reaching the cap floor. Miller does however have signing bonuses in 2 of the final 3 years of his contract, which will make him somewhat of a less appealing target for a potential buyout before those bonuses are paid.

Miller is coming off arguably the best season of his NHL career, having recorded 32 goals and adding 67 assists for a total of 99 points in 80 games this past season.