The agreement will see Chaput earn $650,000 at the NHL level and $275,000 in the AHL in the first year, and $700,000 (NHL) / $275,000 (AHL) in the second year. He is guaranteed $325,000 in salary each year.
The 26-year-old Île Bizard, QC native played the majority of the 2017-18 campaign with the AHL's Utica Comets, registering 17 goals and 42 points in 55 games.
He also played nine games with the Vancouver Canucks, but didn't register a point.
Chaput was a third-round pick of the Philadelphia Flyers, 89th overall, back in 2010.
He boasts 135 games of NHL experience with the Columbus Blue Jackets and the Canucks since making his NHL debut in 2013-14.