Vancouver Canucks: Sedins Re-Up, Ohlund Leaves for Tampa Bay

It's official, Daniel and Henrik Sedin are staying in the only NHL city they've ever called home.

With the free agent frenzy now underway, Vancouver Canucks General Manager Mike Gillis finally came to terms with the Sedin twins, locking them up to a pair of five-year contracts that will average $6.1 million a season.

The signing comes just a few weeks after the Sedins reportedly sought a 12-year, $63 million extension as well as rumours that talks had broken off between Gillis and the twins after the draft in Montreal.

The Sedins have both surpassed the 70-point mark in the four seasons since the lockout and are among the league's most consistent point-producers. In the 2008-09 season, both twins finished with 82 points with Daniel leading the Canucks in scoring with 32 goals and Henrik leading the team in assists with 60 as well as enjoying a career-high in goals with 22.

Meanwhile, Mattias Ohlund, the longest serving Canuck as of the 2008-09 season, has left Vancouver for greener pastures, signing a seven-year contract with the Tampa Bay Lightning worth $24.5 million.

Ohlund spent all 11 seasons of his career thus far with the Canucks and heads to Tampa Bay as a big-bodied, veteran defenseman that will likely lend a hand to the development and growth of fellow Swedish player and Lightning top prospect, Victor Hedman.

The re-signing of the Sedins gives the Canucks some stability on offense to work around and build off while the departure of Ohlund frees up valuable cap space that the team will need if they plan to make any major deals.