The Philadelphia Flyers and forward Wayne Simmonds have agreed to a six-year contract extension.
The deal is believed to have an annual average value of around $4 million per season.
"We are pleased to announce that we have agreed to a multi-year extension with Wayne Simmonds," general manager Paul Holmgren said. "Wayne plays the game with courage and honor and we believe he will continue to be a very good winger for our organization."
"I'm extremely happy to have this deal in place," Simmonds said. "We're going to have a good team in Philly for a long time and I just wanted to be able to be a part of hopefully bringing a championship back to the Philly faithful."
The 23-year-old scored a career-high 28 goals to go with 21 assists while playing in all 82 games in his first season with the Flyers. He was traded to Philadelphia from the Los Angeles Kings along with Brayden Schenn last June, 2011 as part of the Mike Richards deal.
A resident of Scarborough, Ontario, Simmonds has 67 goals and 75 assists in 322 NHL contests with the Flyers and Kings.
Simmonds is scheduled to earn $2 million this season in the final year of a two-year, $3.5 million deal that carries an annual cap hit of $1.75 million. His new extension begins in the 2013-14 season.