Here's the breakdown of the new pact, according to Sportsnet's Chris Johnston, who adds that it includes a modified no-trade clause in the eligible years.
Hischier is in the final year of his entry-level contract. He joins a list of several prominent players to sign new deals before hitting restricted free agency next summer, which includes Alex DeBrincat, Samuel Girard, Clayton Keller, and Thomas Chabot.
Keller, a fellow forward, offers the best comparison. The Arizona Coyotes winger inked an eight-year extension with a cap hit of $7.15 million.
Hischier finished seventh in Calder Trophy voting in 2017-18 after recording 52 points in 82 games. The 20-year-old center picked up 47 points in 69 games last season while the Devils regressed to the NHL's basement, and he's tallied two assists in six contests during the team's tough start this year.`