Boston signed forward Tyler Seguin to a six-year, $34.5 million US extension, Bruins general manager Peter Chiarelli announced in a statement.
In his second NHL season, the 20-year-old Seguin scored 29 goals and had 67 points en route to becoming youngest player in Bruins history to lead his squad in scoring.
The forward was elated in staying with the team for the coming future.
"Happy to be apart of the Boston Bruins organization for another 7 years. Thanks for the support and everyone involved," he tweeted @tylerseguin92.
The Brampton, Ont. native potted seven game-winners and his plus-34 rating was second best in the league in his all-star campaign.
In 155 career games, the 2010 second-overall draft pick has amassed 40 goals and 49 assists and has 10 points in 20 post-season contests. He was a member of the 2010-11 team that beat the Vancouver Canucks in seven games to hoist the Stanley Cup.
His three-year entry level deal, with an annual cap hit of $3.55 million, expires after the 2012-13 season.
Prior to his NHL career, the six-foot-one, 182-pound forward was a dominant force for two years with the Plymouth Whalers of the OHL. He scored 69 goals and 104 assists in 124 career games.
It was the second signing by Boston in less than a week. On Friday, the team inked forward Brad Marchand to a four-year contract worth $4.5 million annually.
The Bruins rookies were scheduled to report on Friday, with the veterans starting training camp on Sept. 21. The NHL season is scheduled to start on Oct. 11, but NHL commissioner Gary Bettman has stated the league will lock out its players if no collective bargaining agreement is reached before Sept. 15.