The New York Islanders and center Bo Horvat have agreed to an eight-year contract extension, six days after they acquired him in a trade from the Vancouver Canucks.
His contract carries an $8.5 million average annual value against the salary cap, as first reported by Sportsnet.
Horvat was in the final season of a six-year contract that carried a cap hit of $5.5 million and was scheduled to become an unrestricted free agent this summer. He was acquired by the Islanders on Monday for a conditional first-round draft pick in 2023, forward Anthony Beauvillier and prospect Aatu Raty.