Athanasiou has scored 27 goals and 16 assists for 43 points in 101 games with the Red Wings over the past two seasons.
DET and RFA forward Andreas Athanasiou have agreed to terms on a one-year contract worth $1.387M. Athanasiou made $575,000 with a cap hit of $628,333 last season, but after the Red Wings refused to meet his asking price, he explored other options, including playing overseas. Despite now holding a 4-3 record and sitting in 15th place in the National Hockey League - good for the second wildcard spot in the Eastern Conference - it's unlikely that the Red Wings make the playoffs this year. MLive reported that Athanasiou had been contemplating offers to play in Russia's KHL since late August.
If Athanasiou signs a one-year deal, he the Red Wings will likely need to negotiate during this season and, likely, the offseason.
He had until December 1 to sign with an NHL club or he wouldn't have been eligible to play in the league this season.
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It is expected to be in the $1.5 million range.
The two sides have been on a standoff since Athanasiou's entry-level contract expired on July 1, with the 23-year-old reportedly pushing for a $2.5 million average annual value on a two-year deal.
Athanasiou was drafted by Detroit at No. 110 overall in 2012.
McKenzie didn't mince words either when talking about the frustrations that both sides have been experiencing through this process.
The one-year deal means that Athanasiou will be a restricted free agent again next summer, though he will have arbitration rights that he did not have leading up to this deal. Once Athanasiou arrives from Switzerland and gets up to speed - possibly with an AHL conditioning stint - his presence will certainly be a boost to the Red Wings' lineup.