Just one day after an arbitration hearing between the Montreal Canadiens and defenseman P.K. Subban ended with uncertainty for Subban’s future with the team, the two sides agreed to an 8-year contract, reportedly worth $72 million.
The arbitrator’s decision on how much Subban would receive on a one-year deal was set to be announced Sunday, but becomes unnecessary with the two sides reaching the new agreement.
Subban, 25, made $3.75 million last season and was reportedly seeking in the range of $8.5 million in arbitration. With the new deal, he becomes the highest paid defenseman in the NHL, and will receive an average annual salary of $9 million. The Canadiens now have him under contract through 2022.
The Norris Trophy award winner as the NHL’s best defenseman in a lockout-shortened 2013, Subban tied for fifth place among defenseman with 43 assists and 53 points in 2014 while dressing for all 82 of Montreal’s games. In four full NHL seasons, all with the Canadiens, Subban has scored 42 goals, including 25 on the power play, and added 142 assists.