The San Jose Sharks have signed forward Evander Kane to a seven-year contract extension, the team announced Thursday. As per club policy, the terms of the deal were not disclosed, but TSN's Pierre LeBrun is reporting that the agreement is worth $49 million with the following breakdown:

The contract equates to an average annual value of $7 million.

The deal also comes with a modified no-trade clause, with Kane having the ability to choose three teams he's willing to be dealt to, according to LeBrun.

Kane, who will turn 27 in August, had 29 goals and 54 points this past season. Of those totals, nine and 14, respectively, came with the Sharks after he was acquired from the Buffalo Sabres at the trade deadline.

"At only 26 years old, Evander has established himself as one of hockey's true power forwards and an impact player," GM Doug Wilson said. "We think his abilities mesh perfectly with our group of skilled, young players and veteran leaders. It's extremely heartening to have Evander join a trend of elite players who have chosen to remain in San Jose. It speaks volumes as to how players view this organization and further illustrates the continued commitment to our fans by our owner Hasso Plattner."

In his first taste of playoff hockey this season, Kane performed admirably, potting four goals in nine games as the Sharks were bounced in the second round by the Vegas Golden Knights.

He was set to become an unrestricted free agent on July 1.

As part of the trade that sent Kane to the Bay Area, the Sabres will receive San Jose's first-round pick in 2019. The selection is lottery protected, meaning if the Sharks were to miss the playoffs next season, they'd have the option to keep the pick. In this scenario, Buffalo would receive the Sharks' 2020 first-rounder instead, per Cap Friendly.

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