Hurricanes sign Wallace

The Carolina Hurricanes, parent club of the AHL’s Charlotte Checkers, announced Thursday that the team has agreed to terms with forward Tim Wallace on a one-year, two-way contract.

The deal will pay Wallace $700,000 at the NHL level, or $105,000 at the AHL level, for the 2012-13 season.

Wallace, 27, split the 2011-12 season between the New York Islanders and the Tampa Bay Lightning, notching three goals and earning six assists (nine points) in 49 NHL games. The Anchorage, Alaska, native started the season with the Islanders’ American Hockey League affiliate, the Bridgeport Sound Tigers, scoring nine goals and earning 11 assists (20 points) in 24 games.

Wallace has notched 84 goals, 73 assists and 307 penalty minutes in 328 career AHL regular-season games with Wilkes-Barre/Scranton and Bridgeport, reaching the Calder Cup Finals with the Penguins in 2008. He has also totaled three goals and eight assists in 73 NHL games with the Lightning, Islanders and Pittsburgh Penguins.