The Montreal Canadiens ended their stalemate with P.K. Subban by agreeing to terms with their franchise defenceman on an eight-year contract on Saturday.
Subban and the team endured an arbitration hearing Friday that would have led to a one-year deal.
Instead, the 25-year-old is in the fold in Montreal for the long term and will reportedly make US$72 million over the course of the contract.
Subban said after arbitration that the possibility of negotiating a long-term deal was ``kind of a discussion for a later date,'' which turned out to be Saturday.
The deal takes Subban, who already has a Norris Trophy and Olympic gold medal, through the age of 33.
"Thank you to (at)CanadiensMTL for making a commitment to myself and my family,'' Subban wrote on Twitter. ``Im Excited about the future! letsgetit''
Subban had 10 goals and 43 assists last season and 42 goals and 125 assists in his NHL career.
"We are very pleased to have reached a long term agreement with P.K. Subban,'' general manager Marc Bergevin said in a statement.
"This agreement helps consolidate the future of our team. A key element of our group of young veterans, P.K. plays with a high level of intensity every time he steps onto the ice.
"Despite his young age, he carries a great deal of experience and brings contagious energy to the team. Defencemen of his level are a rare commodity in the NHL.''