What happened: The contract carries a $2 million annual cap hit and runs through 2027-28. Akira Schmid had filed July 5, with a hearing set for Aug. 1.

Why it matters: Florida secures short-term cost certainty in goal before the 2026-27 season. Settling before the hearing removes the risk of an arbitrator setting the award.

What to watch: Training camp will provide the first look at how Florida distributes its goaltending workload.