Canadiens sign P.K. Subban to massive contract extension

P.K. Subban has signed an eight-year extension with the Montreal Canadiens. (QMI Agency)

P.K. Subban has signed an eight-year extension with the Montreal Canadiens. (QMI Agency)

QMI Agency

, Last Updated: 3:04 PM ET

The faceoff is over.

After much deliberation, the Montreal Canadiens have locked up its superstar defenceman, P.K. Subban.

Subban and the Habs announced Saturday the 25-year-old Norris Trophy winner has signed an eight-year contract extension.

Although financial terms of the deal were not disclosed by the club, reports indicate Subban will be paid $9 million annually. That means next season he will make more than all NHLers not named Evgeni Malkin and Alex Ovechkin.

"We are very pleased to have reached a long-term agreement with P.K. Subban," Montreal 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."

The two sides, reportedly $3 million apart earlier this week, left a Friday arbitration hearing without a deal in place.

The arbitrator had 48 hours to make a decision on Subban's compensation. However, the club and Subban were allowed to discuss other options during the two-day window.

And it looks like the deadline pressure worked.

The Canadiens jersey is the only one Subban knows, having played all four of his NHL seasons in Montreal.

In 82 games last year, the Toronto native put up seven goals and 53 points. The 6-foot, 217-pounder led the team in playoff scoring with 14 points.


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