"It feels good," the 27-year-old goalie said. "It's off the mind now. I feel a couple emotions. I'm grateful and I'm very proud."
The contract has an average annual value of $6 million, a full no-trade clause for the first three years, and a limited no-trade clause for the final three years.
Binnington could have become an unrestricted free agent after the season. He is 9-6-3 with a 2.69 goals-against average and .908 save percentage in 19 games playing the final season of a two-year, $8.8 million contract ($4.4 million AAV) he signed July 13, 2019. That was one month after he set the rookie record for Stanley Cup Playoff wins, going 16-10 with a 2.46 GAA, a .914 save percentage and one shutout in 26 games to help the Blues win the Stanley Cup for the first time in their 51-season history.
"Thinking about this process, being on a competitive team was something that mattered to me and matters to me," Binnington said. "I'm not looking to kind of crush the bank. It's not all about money to me. I think at the end of the day, I think what you look back on and you feel in your heart is the memories made and competing and being successful and going through tough times and getting out of them and being there for your teammates. We've got a good, respected group here, and I'm excited."
Selected by St. Louis in the third round (No. 88) of the 2011 NHL Draft, Binnington moved up from fourth on the Blues depth chart as a rookie in 2018-19, when he was a finalist for the Calder Trophy, awarded to the player voted the NHL rookie of the year. Binnington was 24-5-1 with a 1.89 GAA, a .927 save percentage and five shutouts in 32 regular-season games (30 starts), and then signed a shorter contract rather than a long-term deal.
"Obviously signing the two-year with the option of heading to free agency, I think I still had more to prove," Binnington said. "I'm happy with how it turned out. … I wanted to keep it simple and to the point and just respect on both sides. We have a special team, a great core, a veteran group and young talent and all the above. I'm happy it worked out."