The Hurricanes have signed free-agent forward Erik Cole to a two-year contract.
Cole, an unrestricted free agent, will be paid $2.8 million next season and $3 million in the 2010-2011 season.
7:15 UPDATE: General manager Jim Rutherford said he has been in constant discussions today with Chad LaRose's agent, Pat Morris and it was possible a decision could be reached. Now it appears it will go at least another day.
"Erik clearly had an instant impact on our team when he returned to Carolina in March,” Rutherford said in announcing Cole's signing. “He has been an important piece for our franchise for a long time and we are pleased that he has decided to remain at home in Raleigh.”
Cole received $4 million last season in finishing out a three-year contract he signed with Carolina in 2006.
"It's important for a professional athlete to make money but it's also important to be with a team and among people you want to be with," said Steve Bartlett, Cole's agent. "We told Jim (Rutherford) we would not drag this out ... but we did want to make an informed decision.
"Erik's excited. He's got a Hurricane (logo) tattooed somewhere on his body."