An arbiter awarded Schmidt a two-year, $4.45 million contract with the Golden Knights on Saturday, Steve Carp of the Las Vegas Review-Journal reports. The 26-year-old Minnesota native was among the most valuable players acquired by the Golden Knights during the expansion draft in June. He's set to earn $2.15 million this season and $2.3 million in 2018-19.
He appeared in 60 games during the 2016-17 regular season, scoring a career-high three goals, while adding 14 assists.
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Schmidt made his way back into the lineup for the playoffs after an injury to Karl Alzner and went on to play 11 straight games before the team was eliminated in the second round.
Undrafted, Schmidt has appeared in 200 career National Hockey League games and owns eight goals and 35 assists with a plus-36 rating. Schmidt asked for a one-year deal that would have paid him $2.75 million.