According to Sportsnet’s Elliotte Friedman, Gaudreau’s new deal is expected to have an average annual value of $6.75 million.
The AAV comes in just $400,000 higher than teammate Sean Monahan signed for earlier this off-season, though Monahan signed for seven years.
Sportsnet’s Chris Johnston has reported that Gaudreau’s contract includes no-trade protection for the final year of the deal. Gaudreau will submit a list of five teams which he can then be traded to.
The term covers one of Gaudreau’s free agency years.
The 23-year-old was a restricted free agent coming off a career-high 78 points (30 goals, 48 assists) in 79 games last season.
Gaudreau was a fourth-round pick of the Flames in 2011 and has since developed into one of the game’s most electrifying talents.
He won the Hobey Baker award as the NCAA’s top player in 2013-14 and joined Calgary soon after, topping the 60-point mark in each of his first two full NHL seasons.