The New York Islanders have signed pending unrestricted free agent Jean-Gabriel Pageau to a three-year extension. His new deal carries a $4.85 million cap hit, a discount from the $5 million on his previous deal.

After the Brayden Schenn deal, the Islanders have a ton of centers locked up going forward. 

Pageau made it clear that he wanted to stay with the Islanders, and it's clear the Islanders value what he brings, especially in a market where they could have fetched a king's ransom for him. 

This is the first extension the first-year general manager, Mathieu Darche, has signed.