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Jared Coreau

(MLive file)

Jared Coreau, who has alternated as the starting goalie for the Grand Rapids Griffins the past two seasons, signed a two-year contract Tuesday with the Detroit Red Wings.

The first year is two-way deal worth $575,000 at the NHL level and $150,000 at the AHL level, while the second year is one-way and worth $650,000. It was first reported by CapFriendly.

The signing, which has a salary cap hit of $612,500, also avoids salary arbitration; Coreau had filed earlier in the day.

The contract shows the Red Wings believe in the future with the 6-foot-5 Coreau, who last season posted a 2.43 GAA and .922 save percentage in 47 games with the Griffins. He appeared in three postseason games, with a 1.89 GAA and .949 save percentage.

The 24-year-old provides insurance for the Red Wings, who have Jimmy Howard and Petr Mrazek, or else he will be in position to start for the Griffins. Coreau, meanwhile, has security knowing he has a one-way deal in place the following season.

Howard is under contract with Detroit through 2018-19 with $5.5 million due this season, while Mrazek is expected to sign a two- or four-year contract, likely for between $4 million and $5 million a season.

In Grand Rapids, Coreau has alternated in goal the past two seasons with veteran Tom McCollum, who is an unrestricted free agent. The Griffins are also expected to give Jake Peterson an opportunity.

Coreau is coming off of a one-year, two-way deal that was worth $600,000 at the NHL level. He was recalled to Detroit twice last season but has yet to appear in an NHL game.

Coreau, who was undrafted and played at Northern Michigan, had a 2.20 GAA and .927 save percentage in 25 games with the Griffins in 2014-15.

Defenseman Danny DeKeyser was the only other player in the Red Wings organization who filed for arbitration.