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.'

Post By http://sports.nationalpost.com/2014/08/02/p-k-subban-montreal-canadiens-agree-to-eight-year-deal-ending-stalemate/

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