Defenceman Tyler Myers agreed on a seven-year contract extension worth a reported $38.5 million with the Buffalo Sabres Thursday.
TSN says the deal includes a $10-million signing bonus due July 1, 2012, when the new deal kicks in. The 21-year-old will be paid $2 million in 2012-13, $6 million in 2013-14 and $3 million each of the next five years.
"It's what I wanted ever since I came in two years ago, I've wanted to be a Sabre for a long time," Myers said on the Sabres website. "I'm very excited today to solidify a long-term spot, and to be a part of this organization as it grows."
Myers, Buffalo's first-round draft choice in 2008, has 21 goals and 64 assists with a plus-13 rating in 162 games over two NHL seasons.
The 6-foot-8, 227-pounder has one year remaining on his three-year entry-level contract, and could have become a restricted free agent at the end of this season.