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NHL Rumors: Seth Jarvis, Hurricanes Agree to 8-Year, $63.2M Contract Extension

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Seth Jarvis is going to be a member of the Carolina Hurricanes for a long time after the two sides agreed to an eight-year contract extension.

Per Frank Seravalli of Daily Faceoff, Jarvis' eight-year deal is worth $63.2 million and contains "substantially" lower cap hits than those terms would suggest because agreed to defer salary.

A traditional cap hit is calculated by dividing the total value by number of years on the contract, which in this case would be $7.9 million.

According to Seravelli, Jarvis will count roughly $7.