UNIONDALE, N.Y. (AP) -- John Tavares is sticking with the New York Islanders, agreeing to terms on a long-term deal that will kick in following the upcoming season after the forward's entry-level contract expires.
Tavares is receiving a six-year, $33 million extension that will keep the 20-year-old center under contract through the 2017-18 season, a person familiar with the negotiations told The Associated Press on condition of anonymity because the deal hasn't been announced by the team.
His new contract will carry an annual salary cap charge of $5.5 million.
The Islanders scheduled a news conference for Thursday afternoon to "make an announcement regarding the future of John Tavares."
Tavares, the No. 1 overall pick in the 2009 draft, has led New York in points in each of his two seasons. He topped his rookie numbers last season, recording 29 goals and 67 points in 79 games. Overall, Tavares has 53 goals and 121 points in 161 NHL games.