May 28, 2013, 4:38 PM EST
The deal is of the one-way variety with Cole earning $750,000 next season and $900,000 in 2014-15, according to Jeremy Rutherford of the St. Louis Post-Dispatch.
Cole, 24, was St. Louis’ first-round selection (18th overall) at the 2007 NHL Entry Draft, and has appeared in 67 contests over three seasons with the Blues.
All told, Cole appeared in 15 games with St. Louis last season, scoring one point while averaging 17:45 TOI per game.
The former Notre Dame standout was in the final year of an entry-level deal that carried at $1.3 million annual cap hit ($875,000 base salary, the rest in signing and performance bonuses).
It’s interesting that Cole was one of the first defensemen St. Louis opted to lock up, especially with so many guys still to sign — Alex Pietrangelo, Kevin Shattenkirk and Kris Russell are all restricted free agents, while Leopold is unrestricted.
- Bernier bests Panthers as Luongo goes from injured (and in street clothes) to back in net 3
- Phaneuf, Cuthbert and Lupul threaten lawsuit after tweet goes to air 57
- Doan: Coyotes rebuild was ‘not my idea, not my ideal situation’ 29
- Video: Kessel says the way Toronto media treats Phaneuf is ‘embarrassing’ 47
- Playoff watch — what the bubble teams need to do 9
- Rutherford: ‘Our guys felt very strongly about reacquiring’ Lovejoy 49
- Winners and losers of the 2015 trade deadline 78
- Giordano to have surgery, is ‘done for the season’ 22
- PHT’s 2015 NHL Trade Deadline Tracker 36
- Ducks get their veteran d-man, adding Wisniewski from Columbus 16
- Wild beat Avs, dying seconds fight set stage for rematch (171)
- Petrovic: Chicago will ‘probably seek revenge’ for Kane injury tonight (82)
- Winners and losers of the 2015 trade deadline (78)
- Trade: Blackhawks acquire Vermette from Arizona for Dahlbeck, first rounder (74)
- Wings get Zidlicky from Devils (74)