Schmaltz, 23, was acquired from Chicago by the Coyotes in November in exchange for Dylan Strome and Brendan Perlini. He’s posted 14 points through 17 games for the Coyotes so far this season.
Financial details were not disclosed by the club, but Sportsnet’s Elliotte Friedman reported terms of the extension:
Schmaltz is playing out the final year of a three-year entry-level contract paying him $925,000 annually.
“Nick is a highly skilled, creative, young centre with extremely high upside,” Coyotes GM John Chayka said, per a team release. “Getting Nick signed to a long-term extension is another positive step towards building a sustainable contender here in the Valley.”
The Madison, Wisc., native was originally drafted 20th overall by the Chicago Blackhawks in 2014. He suited up for 162 games in a Blackhawks sweater, posting 91 points in that span.