The Avalanche have re-signed captain Gabriel Landeskog to an eight-year deal, the club announced late Tuesday. Per Sportsnet's Elliotte Friedman, the left winger's new contract is worth $56 million.
The agreement came down to the wire as NHL teams had until midnight Tuesday to sign their own players to eight-year contracts.
Landeskog, a member of the Avalanche for 10 years and the team's captain for nine, is coming off a seven-year, $39-million contract, and would've been one of the top free agents available on the market Wednesday.
“We are thrilled to have our captain signed to a long-term deal. Gabe is the heart and soul of this team and an integral part of our organization both on the ice and in the community," said general manager Joe Sakic in a press release.
"He's the consummate leader, a great teammate, and alongside (Nathan) MacKinnon and (Mikko) Rantanen, is part of what has been one of the NHL’s best lines over the past four seasons. We are excited to have Landy in an Avalanche sweater for many years to come."
In 54 regular-season games last season, Landeskog scored 20 goals and added 32 assists, leading the Avalanche to their third Presidents' Trophy with a 39–13–4 record. He added 13 points in 10 post-season contests as Colorado fell in the second round to the Vegas Golden Knights.
The 28-year-old power forward has collected 512 points in 687 career games since being selected by the Avalanche with the second pick in the 2011 NHL Draft.