Sheppard re-signs one-year deal
The deal, worth $803,250, was announced Wednesday.
The Wild were required to extend the offers by June 28 if they wanted to retain the right of first refusal for both players.
Minnesota picked Sheppard ninth overall in 2006, but he has been a disappointment in three years with the team. Sheppard scored just two goals with four assists in 64 games for the Wild last season.
Information from ESPN.com's Pierre LeBrun and The Associated Press was used in this report.