The Boston Bruins have signed young star Tyler Seguin to a new long-term contract that will make him one of the highest paid players on the team.
Update: Tuesday, September 11 at 3:34 p.m. ET by Nicholas Goss
Bruins general manager Peter Chiarelli talked about the salary details of Seguin's new contract during a media conference call on Tuesday.
Seguin will make $4.5 million in the first year of the deal, which means he won't be the highest paid forward on the team when his new contract begins. Seguin will make $5.5 million in the second year, and in the final year of the deal, he will make $6.5 million.
Seguin and Chiarelli also shared their thoughts on the contract.
"I started my career here, I fell in love with my first visit," said Seguin. "I’m a Bruin, and I’m happy to be a part of this group of guys, they’re my brothers, and I’m happy I can start a life here."
"He’s a young, exciting player, said Chiarelli. "He’s maturing before our eyes, and I feel that with the hard work that he’s shown us and the willingness to put in that hard work and continue to improve, I think the sky is the limit for Tyler."
--End of Update--
The team confirmed the signing on its official website:
Boston Bruins General Manager Peter Chiarelli announced today, September 11, that the club has signed forward Tyler Seguin to a six-year contract extension through the 2018-19 season. Seguin’s contract is worth an average of $5.75 million annually over the six years of his deal.
The 2011-12 season marked Seguin’s second NHL season with the Bruins. The 6’1”, 182-pound native of Brampton, Ontario, registered NHL career highs in goals, assists and points, recording 29-38=67 totals, along with 30 penalty minutes. His 29 goals and 67 points both ranked highest on the Bruins roster, making him the youngest player in team history to hold the club’s scoring title.
Seguin has become a cornerstone player after being selected with the No. 2 pick in the 2010 NHL draft. Despite showing signs of brilliance in the team's Stanley Cup run during the 2010-11 season, his rookie year wasn't too impressive. He did, however, have a fantastic sophomore season.
It's a bit surprising that Seguin signed for less money than Taylor Hall received from the Edmonton Oilers in August. The Oilers signed the No. 1 pick from the 2010 draft to a seven-year deal worth $6 million per season, and many thought Seguin would sign a similar contract since he's a better player than Hall.
Seguin's deal is the same as what young star Jeff Skinner signed with the Carolina Hurricanes earlier this summer, six years at $34.5 million.
Signing Seguin for $5.75 million per season is an amazing deal for the Bruins. Seguin has the potential to score anywhere from 80-100 points per season over the next decade, so this contract could be an absolute steal for Boston if Seguin continues to improve at his current pace.
When Seguin's deal begins in the 2013-14 season, he will overtake David Krejci as the team's highest-paid forward. The only player on the Bruins who will make more is captain and defenseman Zdeno Chara.
Peter Chiarelli has now signed Seguin and his linemate Brad Marchand in the last week, leaving forward Milan Lucic as the only remaining high-profile upcoming restricted free agent.
ESPN's Pierre LeBrun makes a great point about the Bruins' free-agent strategy before another potential lockout, maintaining that they are handling their business far better this time around.
Clearly Bruins learned a lesson from last pre-lockout when they barely signed any players at all. This time they're getting them all signed— Pierre LeBrun (@Real_ESPNLeBrun) September 11, 2012
The Bruins' salary cap situation is going to be interesting to watch over the next year, but there's no question that locking up the future of the franchise in Seguin is great deal for the franchise.
Note: Quotes obtained from Bruins media conference call on Tuesday.
Nicholas Goss is a Boston Bruins columnist at Bleacher Report. He was also B/R's on-site reporter for the 2011 Stanley Cup Final in Boston and has covered the Bruins since the 2010-11 season. Follow him on Twitter.