The Edmonton Oilers have signed 21-year old forward Sam Gagner to a two-year, $4.55 million contract. The cap hit is $2.275 million per year.
In 68 games played last season, Gagner scored 15 goals and posted 26 assists.
"Sam is a key part of our organization moving forward," General Manager Steve Tambellini said in a statement. "We are looking forward to him taking on a larger role with our club."
The London, Ontario native has played three seasons. In his rookie season, he scored 13 goals with 36 assists. Gagner was also named to the 2008 NHL YoungStars Team.
In his sophomore year, Gagner scored 16 goals and had 25 assists.
Gagner, who was drafted 6th overall by Edmonton in 2007, has collected 131 points (44G, 87A) in 223 career National Hockey League games.
There is still no progress to report in negotiations with the last remaining restricted free agent on the team, Andrew Cogliano. The two sides remain a ways apart with camp fast approaching, though the ball is believed to be in Cogliano's court at this time.
- with files from TSN's Ryan Rishaug