The Tampa Bay Lightning signed defenceman Victor Hedman to a five-year, $20 million contract extension on Wednesday.
"We are extremely pleased to announce that we have agreed to a five-year contract with Victor," said Lightning general manager Steve Yzerman. "He has shown tremendous growth as a player in just more than two seasons in the NHL while also becoming a key member of our team. We look forward to his continued development in a Lightning uniform."
This season, Hedman has two goals in 20 games with a rating of minus-5.
"I'd like to thank our owner, Mr. Vinik, and of course GM Steve Yzerman for helping me move forward in my career," said Hedman. "I love it in Tampa Bay with the Lightning and I will do all I can to help this organization be successful on and off the ice."
Hedman was drafted second overall in the 2009 Entry Draft and was slated to become a restricted free agent at season's end.