Avalanche re-sign Landeskog to 8-year contract reportedly worth $56M

The captain is staying put.

The Colorado Avalanche re-signed Gabriel Landeskog to a maximum-length eight-year contract, the team announced Tuesday.

The deal carries an annual cap hit of $7 million, according to Sportsnet's Elliotte Friedman.

The contract also includes a full no-movement clause over the first four years, then a modified no-trade clause over the last four seasons, a source told The Athletic's Peter Baugh.

The two sides came to an agreement just in the nick of time, as Tuesday at midnight ET was the deadline for teams to re-sign players to eight-year contracts. Afterward, the maximum is seven years.

Landeskog was one of the top pending unrestricted free agents set to hit the open market. The 28-year-old tallied 20 goals and 32 assists over 54 games this past season. He's also posted very strong advanced metrics over the last three campaigns:

The Avalanche drafted Landeskog second overall in 2011. He was named the team's captain just over a year later at age 19, which at the time made him the youngest player in NHL history to wear the "C" full time. The new contract sets him up to be Colorado's captain for at least 17 straight seasons.

In addition to his production and leadership, Landeskog also plays a rugged, physical game. He led the Avs with 81 hits over 54 games this past season.

After locking up Landeskog and Cale Makar, the Avs still hold $12.4 million in projected cap space, according to CapFriendly. However, Vezina Trophy finalist goaltender Philipp Grubauer is set to hit unrestricted free agency, and restricted free agents Tyson Jost and Conor Timmins need new deals.