Paul Stastny signed to a 5-year extension

As per a team release:
DENVER – The Colorado Avalanche Hockey Club announced today that it has signed 22-year-old center Paul Stastny to a five-year contract extension beginning with the 2009-2010 season. The deal is worth $6.6M per year.

“Paul has clearly established himself as one of the bright young stars emerging in our game today,” said Avalanche Executive Vice President & General Manager Francois Giguere. “At a young age, he’s demonstrated tremendous skill, vision and composure on the ice and is recognized as one of the most complete players in our league. “We’re pleased that Paul will remain with the Colorado Avalanche franchise long-term. This is another sign of our ownership’s commitment to winning.”

Great move by the Avalanche to lock their #1 centre to a long term contract, especially with Sakic's retirement looming.