Nick Schmaltz has agreed to a new seven-year deal with the Arizona Coyotes, the club announced Saturday.
The contract extension carries a $5.85-million average annual value, or $40.95 million in total, The Athletic's Craig Morgan reports.
Schmaltz has been out since December with a knee injury. The 23-year-old collected 14 points in 17 games before being forced out of the lineup.
He was acquired in a trade with the Chicago Blackhawks in November for forwards Dylan Strome and Brendan Perlini.
The Blackhawks selected Schmaltz with the 20th overall pick in the 2014 draft.