Patrick Sharp Signs A Five-Year Extension

Chicago stays beautiful for five more years. (Photo: Bridget Samuels/flickr)

As first reported by WGN Radio and confirmed by Chris Kuc via Twitter, Patrick Sharp has signed a five-year extension with the Blackhawks. From the Blackhawks’ press release:

The Chicago Blackhawks have agreed to terms with forward and alternate captain Patrick Sharp on a five-year contract extension.

“Patrick is a very important member of our organization and we are looking forward to him being part of a core group that will be a contender for many years to come,” Blackhawks Vice President/General Manager Stan Bowman said. “Over the last several years we have seen him develop into one of the game’s elite players as well as a fixture in the community and we are proud to be able to announce this news today.”

Bob McKenzie first reported via Twitter that Sharp’s cap hit will be $5.9 million per year starting in 2012-2013, for a total of $29.5 million over five years with a modified no-trade clause. I think this is about right, to be honest. Sharp has frequently ended up on “best bargains in the NHL” lists for being paid a fraction of his worth to the Blackhawks. With this deal, he’s finally being paid something close to that worth.

I’m so glad I won’t have to tell my grandma that El Guapo left the team.

There will be a press conference formally announcing the deal at 3pm CT at the United Center. Not going to be at the UC? You can watch it live on chicagoblackhawks.com or through the official Blackhawks iPhone or Android applications. He will then do the local media rounds; he’ll be live in studio at WGN Radio at 4:35pm, and then he’ll make his way over to Chicago Tribune Live at 5:45pm.

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