The Edmonton Oilers and Ryan Nugent-Hopkins agreed to a seven-year, $42-million contract extension on Thursday.

The Edmonton Oilers have now locked down three of their best young players as it was announced that the team has signed centre Ryan Nugent-Hopkins to a seven-year contract worth $42-million.

After two seasons in the WHL with the Red Deer Rebels, where he scored 65 points (24-41) in 67 games and then a whopping 106 (31-75) in 69 games. He was taken #1 overall in the 2011 NHL Entry Draft by the Edmonton Oilers. In Nugent-Hopkins’ first season in the NHL, he played in just 62 games but showed promise with 52 points (18-34). This past season, during the lockout, Nugent-Hopkins played for the Oilers’ AHL, the Oklahoma City Barons. In 19 games with the AHL club, Nugent-Hopkins had 20 points (8-12). Once the NHL season started up again, RNH had just 24 points (4-20) in 40 games.

Nugent-Hopkins’ contract is very similar to the ones given to Taylor Hall and Jordan Eberle, so it’s good that the Oilers locked up three of their core pieces. Also, if RNH, Hall and Eberle play up to their potential, the money given to them in these contracts could look like a steal.

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