The Vegas Golden Knights and winger Alex Tuch reportedly reached an agreement Friday on a seven-year, $33.25 million contract extension.
Elliotte Friedman of Sportsnet reported details of the deal, which carries a $4.75 million annual cap hit.
The Knights acquired Tuch, 22, in a trade with the Minnesota Wild in June 2017 ahead of their inaugural season.
He tallied 37 points (15 goals and 22 assists) across 78 games in his first full NHL season. He appeared in just six contests for Minnesota during the 2016-17 campaign.
Tuch added six goals and four helpers in 20 postseason appearances as the expansion franchise made a surprising run to the Stanley Cup Final before falling to the Washington Capitals.
In May, he told Dane Mizutani of the Pioneer Press being involved in the Knights' magical debut campaign the "best year of my life."
He continued: "And I know I'm not at my peak. I'm happy with where I'm at right now. Hopefully I continue to get better and better. It's been a lot of fun so far."
He's yet to appear in a game during the early stages of this season because of a lower-body injury.
By signing him to a long-term extension before he enjoys a major breakout season, the Knights are betting on his potential. A cap hit below $5 million could prove to be a serious bargain should he establish himself as a top-six player in the coming years.
For now, Vegas will hope he returns from injury soon to help the club get on track following a sluggish 3-4-0 start.