The Boston Globe’s Kevin Paul Dupont reports the Boston Bruins have re-signed defenseman Torey Krug to a one-year contract and winger Reilly Smith to a two-year deal. 

Bruins re-sign Torey Krug and Reilly Smith.

Bruins re-sign Torey Krug and Reilly Smith.

 SPECTOR’S NOTE: Dupont also reports Krug’s deal is worth $3.4 million and Smith’s $3.425 million per season. With the Bruins salary cap for 2015-16 at just over $50.2 million before the signings, it’s now jumped to $57 million.

Krug and Smith were coming off one-year deals with arbitration rights this summer. Both receive raises nearly double their current salaries. Krug is currently only pace for 41 points, one more than last season’s total. Smith is on pace for 16 goals and 45 points, down slightly from last season’s 20-goal, 51-point performance.

It can be argued that Bruins GM Peter Chiarelli overpaid to re-sign these 23-year-olds. However, he gets both under contract on short-term deals for reasonable raises heading into an offseason in which he’ll have limited cap space to re-sign other key players (notably Dougie Hamilton). He also avoids the possibility of arbitration hearings possibly eating up more cap space than anticipated, or having to walk away from an arbiter’s decision because of limited cap space.