The Hurricanes and forward Teuvo Teravainen have agreed to terms on a five-year, $27 million contract extension that begins with next season and runs through the 2023-24 season, the team announced Monday.
The average annual value of the extension is $5.4 million. He is slated to make $2.86 million this season, the last year of his current contract, according to Spotrac.
The #Canes have agreed to terms with Teuvo Teravainen on a five-year, $27 million contract extension
— Carolina Hurricanes (@NHLCanes) January 21, 2019
“Teuvo has improved every year of his NHL career and has established himself as a cornerstone forward for the Hurricanes now and into the future,” Hurricanes president and GM Don Waddell said in a statement. “He has shown that he is capable of adapting and expanding his role with our team, becoming a key penalty-killer for [coach] Rod [Brind’Amour] this season. He’s still just 24 years old and we believe he will only continue to grow as a player.”
Teravainen, 24, ranks second among Hurricanes skaters this season in assists (28), points (38) and power-play points (12).
The Helsinki, Finland, native has appeared in 210 games since joining the Hurricanes in 2016-17 and in that span has led the team in assists (96) and is second in points (144).
Teravainen was acquired by the Hurricanes on June 15, 2016, with Bryan Bickell, from the Chicago Blackhawks for a second-round pick in the 2016 NHL Draft (Artur Kayumov) and a third-round pick in the 2017 draft (Keith Petruzzelli).
In 325 NHL games with the Blackhawks and Hurricanes, Teravainen has 65 goals and 123 assists. He had 10 points (four goals, six assists) in 17 playoff games for the Blackhawks in 2015, when they won the Stanley Cup.