What It Means:

Hoffman had salary arbitration set for August 4, but that's obviously no longer necessary as the sides managed to agree to terms. Hoffman will earn an average of $5.1875 million per year.

The 26-year-old Hoffman is coming off of the best season of his young career, recording career-highs in both goals (29) and assists (30) last season. He also managed a strong 4.0 Relative Corsi For Percentage at Even Strength.