NEWARK, NJ - The New Jersey Devils signed center Nico Hischier to a seven-year contract extension with an average annual value of $7,250,000 (total value $50,750,000). Hischier would have been a restricted free agent at the end of the 2019-20 season. The contract will start in 2020-21 and the breakdown is as follows: 2020-21: $7,000,000, 2021-22: $7,250,000, 2022-23: $4,500,000, 2023-24: $7,750,000, 2024-25: $7,750,000, 2025-26: $8,000,000 & 2026-27: $8,500,000. The announcement was made by Devils' Executive Vice President/General Manager Ray Shero.
Video: EXCLUSIVE | Nico Hischier Signs
"Nico is a special person who possess a team-first mentality combined with an inner drive to succeed," said Shero. The entire organization is thankful to him and his family for believing in our future. We are excited that he will continue to play a prominent role with us for many years to come."