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Nico Hischier signed a five-year, $58.5 million contract with the New Jersey Devils on Wednesday. It has an average annual value of $11.7 million and begins with the 2027-28 season. 

The 27-year-old center had 66 points (28 goals, 38 assists) in 82 regular-season games last season, averaging 20:43 of ice time per game and won 55.8 percent of his face-offs. 

Hischier is entering the final year of a seven-year, $50.7 million contract ($7.25 million AAV) he signed with New Jersey on Oct. 18, 2019, and could have become an unrestricted free agent after the 2026-27 season.

"I mean, obviously there were like talks with Sunny (Mehta, general manager)," Hischier said. "I think, when he came in. I saw him before I left the World Championship, and I was always interested in coming back. Like, I'm obviously super excited too that we were able to make it work and find an agreement and there were just a lot of talks and obviously I was curious what the plan is, and I mean Jersey has been home for me, so like I'm super excited that like we got to agreement here, and now I'll get back to work."

The No. 1 pick by the Devils in the 2017 NHL Draft, Hischier has 488 points (199 goals, 289 assists) in 609 regular-season games, including at least 20 goals in each of the past five seasons. 

Named Devils captain on Feb. 20, 2021, Hischier has 12 points (six goals, six assists) in 22 Stanley Cup Playoff games. 

"When I took this job, I knew that Nico was one of the core pieces that I definitely wanted as part of our future," said Mehta, who was hired on April 16. "The way he plays the game, his leadership, and selflessness are qualities we value for this team. We all look forward to him leading this franchise, on and off the ice, for years to come."

Hischier also represented Switzerland at the 2026 Winter Olympics, where he had four points (one goal, three assists) in five games. He has won silver with Switzerland at each of the past three World Championships.  

"Since the day he was drafted as the number one overall pick in 2017, Nico Hischier has represented the New Jersey Devils with class, commitment, and a dedication to the community," Devils managing partner David Blitzer said. "He puts the team before himself and wants nothing more than to win here in New Jersey. The entire organization is extremely proud that Nico wears the ‘C’ for us, and we couldn’t be happier that he’s signed this contract extension."

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On Tuesday, the Devils traded goalie Jacob Markstrom and forward Angus Crookshank to the Florida Panthers for forwards Evan Rodrigues, Jesper Boqvist and Ben Steeves and also signed forward Arseny Gritsyuk to a three-year contract. 

New Jersey (42-37-3) failed to qualify for the playoffs last season and has missed the postseason six of the past eight seasons.

"It would mean the world to me," Hischer said about winning the Cup with the Devils. "You play hockey to win the Stanley Cup, and back in 2017, New Jersey gave me the chance to fulfill my dream in playing the NHL, and I always said, like, my biggest goal is winning a cup with New Jersey, and that hasn't changed.

"So, again, that's a big goal for me, and that's why I'm excited to keep this thing rolling here and re-attack. I think it wasn't obviously every year, perfect. We definitely had some tough years, and it's definitely not easy as a player, but it's very important to not lose focus and be part of the solution, and I want to be in New Jersey, and, like I said, my biggest goal was always winning a Cup with the team that drafts me."

NHL.com senior draft writer Mike G. Morreale contributed to this report

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