What happened: Carolina signed defenseman Mike Reilly to a one-year, two-way contract. The agreement includes a $450,000 AHL salary.
Why it matters: The two-way structure gives Carolina roster flexibility heading into the 2026-27 season. Reilly remains available for NHL depth while retaining an AHL assignment path.
By the numbers: Contract: $850,000 NHL salary; $450,000 AHL salary.
What to watch: Reilly’s role will come into focus during Carolina’s preseason and training-camp evaluations.