The 29-year old forward scored an NHL career-high 25 points (11 goals, 14 assists) in 59 games last season. He could have been an unrestricted free agent after the season.
"It's definitely a season that you want to duplicate or do even more with," Foligno said. "I'm excited for the challenge ahead. I love my role for this team, I feel I'm a good fit here with what I have to do. That dressing room, it's a blast. I want to build on the numbers. You're always happy contributing things like that. But there's a lot more I can give to this team and that's why I'm excited to be here for three more years."
Foligno, who was traded to the Wild by the Buffalo Sabres on June 30, 2017, has scored 67 points (26 goals, 41 assists) in 218 games during three seasons with Minnesota.
"You never want to get too comfortable in this league, but it's nice to put some roots down and know that we're going to be here for three more years and four seasons," Foligno said. "When you're given a contract like this, you know you're counted on. That's what I want to be. I want to be counted on by the team."
Selected by Buffalo in the fourth round (No. 104) of the 2009 NHL Draft, Foligno has scored 183 points (75 goals, 108 assists) in 565 regular-season games and two points (one goal, one assist) in nine Stanley Cup Playoff games.
"I just think Marcus is important," Wild general manager Bill Guerin said. "His intangibles are the things that make him different and he is a leader. We're going to rely on him. We're going to rely on him to be part of the change that's going on here, to make sure things are going well in the room and on the ice. He's a guy who looks after everybody on and off the ice. He's a very valuable person for our organization."
Guerin praised Foligno for his ability to play up and down the lineup and on the penalty kill. He led the Wild in hits (184) and ranked second among their forwards in shorthanded ice time per game (1:49) last season, behind Joel Eriksson Ek (2:00).
"There aren't many of them left, but they're still important guys to have and you can see teams, when they have a guy like this, they try to lock him up," Guerin said. "Internally, we were always talking about, 'Well, if Marcus leaves or if we have to trade him, as soon as he leaves, we're going to be trying to replace him.' And there aren't that many of them out there. So yeah, there is value."
NHL.com staff writer Tracey Myers contributed to this report
