The Philadelphia Flyers have signed forward Joel Farabee to a six-year extension with an annual cap hit of $5 million, the team announced Thursday.

Farabee had one more year left on his entry-level contract and was set to become a restricted free agent at the end of the 2021-22 campaign.

The 21-year-old was a bright light for the Flyers in a less-than-impressive 2020-21 season, leading Philadelphia in scoring with 20 goals.

"I think I came off a pretty good year last year so definitely wanted to get things rolling, and I'm glad both sides came to an agreement," Farabee said, according to NHL.com's Adam Kimelman. "I'm really excited to be in Philly for the next seven years after my last year on my ELC."

The left-winger saw a major uptick in production during his sophomore campaign. After mustering eight goals and 21 points in 52 games as a rookie in 2019-20, he responded with a total of 38 points in 55 contests this past season.

Farabee was rewarded for his efforts with the 2020-21 Pelle Lindbergh Memorial Trophy as the Flyers' most improved player.

After being drafted 14th overall in 2018, Farabee made his NHL debut on Oct. 21, 2019, becoming the first player born in the 2000s to appear in a game for Philly.

Farabee is now under contract with the Flyers through the 2027-28 season.

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