The Jets landed the speedy right wing in exchange for a second-round pick in the 2014 NHL Draft, the team announced.
Setoguchi, 26, finished fifth on the Wild in scoring in 2012-13 with 27 points (13 goals, 14 assists) in 48 games. Five of his 13 goals came on the power play.
He is a veteran of 384 games after beginning his career with the San Jose Sharks in 2007-08. He had a career-high 31 goals and 65 points in 2008-09.
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