The Edmonton Oilers reached an agreement with center Ryan Nugent-Hopkins on a seven year-contract extension, the team announced Thursday.
CBC and TSN reported that the deal is worth $42 million for the No. 1 pick in the 2011 NHL Draft.
In his first two seasons in the NHL, Nugent-Hopkins had 22 goals and 76 points in 102 games. Shoulder injuries that required surgery ended both seasons early.
Nugent-Hopkins' new contract, which runs through the 2020-21 season, will count an average of $6 million annually against the salary cap -- the same figure as Jordan Eberle and Taylor Hall, who are signed through 2019 and 2020, respectively, as part of an Edmonton youth movement.
The 20-year-old Nugent-Hopkins is working his way back from April shoulder surgery and not expected to play a regular-season game until November.