An arbitration hearing between the Minnesota Wild and forward Jordan Schroeder won't be necessary.

The Wild signed Schroeder to a one-year, two-way deal on Monday worth $650,000 in the NHL and $275,000 in the AHL.

Schroeder registered two goals and two assists in 26 games for the Wild last season and 34 points in 40 games for the AHL's Iowa Wild.

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A native of nearby Lakeville, Schroeder was a first-round pick of the Vancouver Canucks in 2009 after winning the WCHA Rookie of the Year award as a member of the Minnesota Gophers.

Schroeder has 27 career points in 107 games at the NHL level.