Avalanche sign Stastny to 5-year contract extension Staff

11/17/2008 9:10:02 PM

The Colorado Avalanche have locked up a big part of their future as the team announced the signing of Paul Stastny to a five-year contract extension worth $33 million.

Stastny, who was set to become a restricted free-agent following this season will earn $710,000 this year before the extension kicks in.

"Paul has clearly established himself as one of the bright young stars emerging in our game today," Avalanche Executive Vice President & General Manager Francois Giguere said in a statement. "At a young age, he's demonstrated tremendous skill, vision and composure on the ice and is recognized as one of the most complete players in our league.

"We're pleased that Paul will remain with the Colorado Avalanche franchise long-term. This is another sign of our ownership's commitment to winning."

Stastny, the son of Hall of Famer Peter, is leading the Avalanche in scoring this season with three goals and 12 assists in 16 games. 

The Avalanche chose Stastny in the second round, 44th overall in the 2005 NHL Entry Draft.  In 164 career games, Stastny has scored 55 goals and added 109 assists.