What's Buzzing:

Puck Daddy

Erik Karlsson signs 7-year, $45.5 million extension with Ottawa Senators

Sean Leahy
Puck Daddy

View photo

.

Getty Images

Ottawa Senators defenseman Erik Karlsson may or may not be celebrating a Norris Trophy victory on Wednesday night during the NHL Awards, but he'll be leaving Las Vegas with a new contract.

On Tuesday, the Senators announced a 7-year extension for the Karlsson. The 22-year old Swede was set to become a restricted free agent on July 1. According to TSN's Bob McKenzie, the deal is worth $45.5 million with a $6.5 million annual cap hit.

From the Senators:

"We are extremely pleased to announce that Erik Karlsson's contract has been extended for seven more years," said Senators owner Eugene Melnyk. "Erik is the type of player and person that embodies an Ottawa Senator, and we are confident that on a personal basis, he will quickly become a role model for many of our young Sens fans and a great contributor to our community. We feel strongly that this long-term commitment will be great for both sides. As one of the cornerstones of our franchise, Erik will be a large part of the future success that Senators fans can look forward to."

The $6.5 million cap hit ties him with Dion Phaneuf of the Toronto Maple Leafs and Wade Redden of the Connecticut Whale for sixth highest among defenseman, according to Cap Geek.

Karlsson comes off a career season that saw him lead all defensemen in scoring with 78 points -- 25 more than Dustin Byfuglien and Brian Campbell -- to earn himself a Norris Trophy nomination. Would a win on Wednesday night earn him a few extra dollars? We'll never know, but now Karlsson will have 45.5 million reasons to find himself doubling down on a hand during his stay in Vegas.

Follow Sean Leahy on Twitter at @Sean_Leahy

View Comments (26)
  • Carvajal concedes defeat in fitness fight for Euro 2016

    Carvajal concedes defeat in fitness fight for Euro 2016

    Real Madrid defender Dani Carvajal has announced he will miss next month's Euro 2016 tournament after the 24-year-old Spaniard sustained a muscular injury to his right leg during Saturday's Champions League final. "I got injured and the only thing … More »

    Reuters - 15 minutes ago
  • Ireland captain Keane a doubt for Euro 2016

    Ireland captain Keane a doubt for Euro 2016

    (Reuters) - Ireland captain Robbie Keane is in danger of missing next month's European Championship after suffering a calf injury in training on Saturday. The 35-year-old striker did not play in the 1-1 draw against Netherlands in Dublin on Friday … More »

    Reuters - 39 minutes ago
  • Former Croatia captain Boban given high-ranking FIFA role

    Former Croatia captain Boban given high-ranking FIFA role

    By Brian Homewood ZURICH (Reuters) - Former Croatia captain Zvonimir Boban was given a high-ranking role at FIFA on Monday when soccer's global ruling body named him as one of its two new deputy secretary generals. Boban, 47, will oversee the … More »

    Reuters - 47 minutes ago
  • Rashford signs long-term contract with Man United

    Rashford signs long-term contract with Man United

    (Reuters) - Striker Marcus Rashford has signed a new contract at Manchester United which will keep him at Old Trafford until 2020 with an option to extend for a further year, the club said on their website(www.manutd.com) on Monday. The 18-year-old … More »

    Reuters - 50 minutes ago
  • I will retire if no interesting job offers: Pellegrini

    I will retire if no interesting job offers: Pellegrini

    (Reuters) - Former Manchester City boss Manuel Pellegrini would consider retiring from management if he does not get any exciting offers. The 62-year-old, who guided City to their first Champions League semi-final this season, has been linked with … More »

    Reuters - 52 minutes ago