The Edmonton Oilers announced Monday the club has agreed to terms on a new three-year contract with restricted free agent center Sam Gagner. Financial details of the deal were not released, but TSN is reporting the total value at $14.4 million for an average annual value of $4.8 million. The contract also reportedly includes a no-movement clause in the second season.

The deal avoids a salary-arbitration hearing scheduled for Monday afternoon.

“It’s nice to get something done,” Gagner told Sportsnet. “I wanted to be an Oiler and to get something done. I’m pretty happy we were able to avoid going in there [arbitration hearing room] and getting a deal done. It’s a good feeling.”


Subscribe to NHL Trade Report updates on Facebook, on Twitter, by Email, or RSS.