The Edmonton Oilers signed restricted free-agent forward Kailer Yamamoto to a two-year contract extension carrying an average annual value of $3.1 million, the team announced Wednesday.
Yamamoto was a restricted free agent scheduled for an arbitration hearing on Aug. 7 before reaching the agreement.
The 23-year-old is coming off the most productive season of his career, registering 41 points in 81 games while averaging nearly 17 minutes of ice time per contest. He'll be an RFA when his new deal expires in 2024.
The Oilers drafted Yamamoto 22nd overall in 2017.
Edmonton is currently $6.03 million over the $82.5-million limit, according to Cap Friendly, but can stash $6.367 million on long-term injured reserve between defenseman Oscar Klefbom and goaltender Mike Smith.
Forward Ryan McLeod, also a RFA, is the last remaining Oiler in need of a contract this offseason.
