The New Jersey Devils locked up one of their young stars for the long term.
Nico Hischier signed a seven-year contract extension Friday worth $50.75 million, with an annual average value of $7.25 million. That number represents a sizable increase from his rookie contract worth $925,000 per season, which runs through this season. The 20-year-old is now under contract through 2026-27.
“We are all excited to get ahead of the process and be able to come to a deal with Nico and his team that’s beneficial for both sides,” Devils general manager Ray Shero said, via press release.