The Buffalo Sabres are keeping one of their most productive players in the building.
Minutes before the free agent market opened in earnest on Wednesday morning, the Sabres took care of some internal business of their own, agreeing to terms with forward Victor Olofsson to a two-year contract extension worth an average annual value of $4.75 million.
The deal, which now keeps Olofsson in Buffalo through the 2023-24 season, takes another potential big name off the board and serves as a big win for the Sabres in their pursuit to retain their own talent.
Olofsson is an intriguing young player. The 26-year-old has two 20-goal seasons under his belt, including this past campaign, and is only expected to get better as he enters the key years of his prime.
With Tage Thompson's emergence as a legitimate top-six centre last season coupled with Jeff Skinner's resurgence and Alex Tuch's arrival, the Sabres are quietly building a solid forward corps that now only gets better with Olofsson remaining in the fold.
Having a money-in-the-bank 20-goal guy at a reasonable cap hit is precisely the kind of signing the Sabres needed to make in order to change the dour narrative that has followed them for the past five years. And, now, they've done it.
According to all reports, the Sabres are not expected to be finished in the free agent game yet with the market set to open in the coming minutes. With cap space to burn and a stockpile of young talent, it might be a busy day in Buffalo as free agency unfolds.