The 28-year-old from Dubuque, Iowa, had one assist in 39 regular-season appearances for the Winnipeg Jets last year, and added another two points (one goal, one assist) in eight playoff contests.
Vancouver also inked a one-year deal with 36-year-old goalie Jaroslav Halak, who posted a 9-6-5 record with the Boston Bruins last season.
The contract includes US$1.5 million in salary and US$1.5 million in potential performance bonuses.
The Canucks are also bringing back veteran defenceman Luke Schenn on a two-year deal that carries an average annual value of US$850,000.
Schenn, 31, spent the last two seasons with the Stanley Cup-winning Tampa Bay Lightning, and registered four points (two goals, two assists) and 51 penalty minutes in 2020-21.
Oilers, Flames make big splashes in free agency; Leafs find help in net
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Oilers, Flames make big splashes in free agency; Leafs find help in net
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Jets acquire D Nate Schmidt from Canucks
Field Level Media
28 Jul 2021, 10:55 GMT+10
The Winnipeg Jets acquired defenseman Nate Schmidt from the Vancouver Canucks on Tuesday in exchange for a 2022 third-round draft pick.
Schmidt, 30, waived his no-trade clause to allow the deal to go through.
The Jets will be Schmidt s third team in as many seasons. He is entering the third season of a six-year, $35.8 million contract he signed with the Vegas Golden Knights.
Vegas traded Schmidt to Vancouver before the 2020-21 season. In his lone season with the Canucks, the left-handed-shooting blueliner managed 15 points (five goals, 10 assists) in 54 games, a step down from his production with the Knights.