Ukko-Pekka Luukkonen signed a five-year, $23.75 million contract with the Buffalo Sabres on Wednesday. It has an average annual value of $4.75 million.
The 25-year-old goalie, who was a restricted free agent, had filed for salary arbitration on July 5.
Luukkonen was 27-22-4 with a 2.57 goals-against average, .910 save percentage and five shutouts in an NHL career-high 54 games (51 starts) last season.
"Hey Sabres fans," Luukkonen said in a video posted on social media Thursday. "Couldn't be more excited to be in Buffalo for five more years. Looking forward for next season. Go Sabres, and let's go Buffalo."
Selected by Buffalo in the second round (No. 54) of the 2017 NHL Draft, Luukkonen is 47-41-10 with a 2.98 GAA, .904 save percentage and five shutouts in 100 games (96 starts).
Forward Beck Malenstyn also had an arbitration hearing scheduled but signed a two-year, $2.7 million contract with the Sabres on July 23.