Forward Marcus Johansson signed a three-year, $13.75 million contract with the Washington Capitals on Wednesday.
Johansson, who was scheduled to have an arbitration hearing Wednesday, will earn $4.25 million this season and $4.75 million in 2017-18 and 2018-19.
"I think both parties were hoping we could figure it out before we went to the meeting and I think both parties were pretty happy that we did," Johansson said. "I'm really happy that we worked it out. I think we are happy to move on and get ready for the season"
Video: The guys analyze Marcus Johansson's new contract
The 25-year-old forward had 17 goals, 46 points and a plus-12 rating in 74 regular-season games and seven points in 12 Stanley Cup Playoff games last season.
Johansson was selected by the Capitals with the 24th pick of the 2009 NHL Draft, and in 419 games he has 78 goals and 232 points.
"I think everyone knows that we have a really good team," Johansson said. "To be able to keep the team [together] it's hard for everyone. I'm just happy that we could figure it out in the end. To be able to be a part of this team for three more years, that's important to me."
The Capitals and Johansson couldn't agree to a contract last summer and required an arbitration hearing. Johansson asked for $4.75 million and Washington countered with $3 million. He was awarded $3.75 million.