MONTREAL - 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 @CanadiensMTL for making a commitment to myself and my family,' Subban wrote on Twitter. 'Im Excited about the future! #letsgetit'
Thank you to @ canadiensmtl for making a commitment to myself and my family. Im Excited about the future! #letsgetit- P.K. Subban (@PKSubban1) August 02, 2014
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.'
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