Coyotes announce 2-year contract for Rieder

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The Arizona Coyotes have signed Tobias Rieder to a two-year contract.

As per club policy, terms of the contract were not disclosed, but it's been reported the deal is worth $4.45 million, thereby carrying a cap hit of $2,225,000.

"We are very pleased to sign Tobi to a multi-year contract," said general manager John Chayka. "Tobi is a reliable, two-way forward who competes extremely hard. He had a great World Cup and we are excited to have him back."

Rieder, 23, recorded 14 goals and 23 assists in 82 games last season, and collected one assist in six games for Team Europe at the World Cup.

Originally drafted by Edmonton in the fourth round of the 2011 NHL Draft, Rieder was acquired by the Coyotes in 2013 in exchange for Kale Kessy.

The new deal ends an extended - and at times stalled - negotiation process between the two sides.