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Subban agrees to eight-year, $72-million contract with Habs

P.K. Subban inked a deal Saturday that will keep him in Montreal red, white and blue until he’s 33. The contract averages $9 million per season.

MONTREAL – The Montreal Canadiens ended their stalemate with P.K. Subban by agreeing to terms with their franchise defenceman on an eight-year contract on Saturday.

Subban and the team endured an arbitration hearing Friday that would have led to a one-year deal.

Instead, the 25-year-old is in the fold in Montreal for the long term and will reportedly make $72 million over the course of the contract.

Subban said after arbitration that the possibility of negotiating a long-term deal was “kind of a discussion for a later date,” which turned out to be Saturday.

The deal takes Subban, who already has a Norris Trophy and Olympic gold medal, through the age of 33.

“Thank you to @CanadiensMTL for making a commitment to myself and my family,” Subban wrote on Twitter. “Im Excited about the future! #letsgetit”

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Subban had 10 goals and 43 assists last season and 42 goals and 125 assists in his NHL career.

“We are very pleased to have reached a long term agreement with P.K. Subban,” general manager Marc Bergevin said in a statement. “This agreement helps consolidate the future of our team. A key element of our group of young veterans, P.K. plays with a high level of intensity every time he steps onto the ice.

“Despite his young age, he carries a great deal of experience and brings contagious energy to the team. Defencemen of his level are a rare commodity in the NHL.”