Goaltender Sergei Bobrovsky signed a two-year contract extension with the Columbus Blue Jackets for what a source told ESPN.com on Monday is worth $11.25 million.
In doing so, he Blue Jackets locked up the Vezina Award winner before he could become a restricted free agent.
"I'm very happy to be a Columbus Blue Jacket," Bobrovsky said in a statement. "My wife and I really like Columbus and the fans have been very nice to us and supportive of our team.
"I'm looking forward to the season and working with my teammates to help us to our goal of winning a Stanley Cup."
General manager Jarmo Kekalainen termed re-signing the 24-year-old Russian as his top objective, but the two sides made little headway until right before the start of the NHL draft on Sunday.
Bobrovsky, who was acquired from Philadelphia for draft picks last summer, had a 21-11-6 record with a 2.00 goals-against average, a .932 save percentage and four shutouts.
With Bobrovsky playing especially well down the stretch, the Blue Jackets finished 19-5-5 after a slow start and challenged for a playoff spot before missing out.