It was an uneasy market for veteran goaltenders, with several spots around the League open but a glut of experienced veterans available.
Besides Talbot, Stanley Cup winners Braden Holtby and Corey Crawford were available. So were Anton Khudobin and Henrik Lundqvist, who have carried their teams to the Cup Finals.
Jacob Markstrom, Craig Anderson, Thomas Greiss, Mike Smith, Cory Schneider, Ryan Miller and Jimmy Howard were others who were unrestricted free agents, and that doesn't even count a crowded trade market, where others remain available.
"In this market, it was extremely tough. You didn't know where offers were gonna come from, you didn't know when they were gonna come in," Talbot said. "Without a talking period, it's a little bit tough. Do you take the first offer? Do you kind of hold on and stuff like that? We were extremely lucky with the way the process went."
Guerin gave Talbot a choice of either a two-year or a three-year contract. With a wife, and two young children -- twins Sloane and Landon -- Talbot chose the longer deal.
"For myself, we wanted the security of a three-year deal and we just went with that," Talbot said. "It was an extremely calm process with him, great to deal with."
Guerin credited the Wild's Director of Hockey Analytics, Mat Sells, for crunching the numbers and seeing a fit for Talbot with Minnesota.
Last season, according to naturalstattrick.com, the Wild gave up the fewest number of high-danger shots in the NHL (8.6 per 60 min).
But the Wild combined for the third-worst team save percentage (.897).
Sells has his own set of criteria when it comes to analytics, but there is something about Talbot's game that the Wild believes it can unlock playing behind one of the League's deepest defensive groups that can help propel it up the standings.
"To be quite honest, a lot of it gets deeper than just the goals against and the save percentage and things like that," Guerin said. "There is a significant amount of other data that we used that helps us make decisions."
The bottom line?
"We just feel like with what Cam did last year," Guerin said, "if he does that or better, we are going to have some success."
Talbot agreed.
"Minnesota has been such a sound, structured team for a long time," Talbot told NHL Network. "Who wouldn't want to play behind them?"
Talbot, a 33-year-old native of Caledonia, Ontario, is coming off a good year in Calgary, where he played in 26 games (22 starts), posting a 12-10-1 record, a 2.63 goals-against average and a .919 save percentage, serving largely as the backup to David Rittich. But Talbot has plenty of starting experience in seven-year NHL career.