Chiasson asked for $2.475 million in salary, while Ottawa offered the 24-year-old $1 million. Chiasson was one of 23 restricted free agents file for salary arbitration, with hearings being held in Toronto until Aug. 4.
Players can only choose club-elected arbitration once over their career.
"The arbitration process went as we expected; we had the opportunity to make our case, as did Alex's group," general manager Bryan Murray said. "In our opinion, both sides made fair, detailed arguments and we are satisfied with the ruling of the arbitrator."
“We are happy to have Alex under contract and anticipate that he will be a productive player for us this season. Alex will be given the chance to have an important role in the team’s success,” Murray added.
Chiasson had 11 goals and 15 assists in 76 games last season for Ottawa. The team also has an arbitration hearing with forward Mike Hoffman scheduled set for Thursday.
- Scooby Axson