Originally written on The 6th Sens  |  Last updated 6/19/12

NEWARK, NJ - DECEMBER 18: Erik Karlsson #65 of the Ottawa Senators skates against the New Jersey Devils at the Prudential Center on December 18, 2009 in Newark, New Jersey. (Photo by Bruce Bennett/Getty Images)
BREAKING: #Sens agree to terms with Erik Karlsson on a seven-year contract extension. Details to follow. — Ottawa Senators (@NHL_Sens) June 19, 2012 TSN's Bob McKenzie had tweeted earlier that Ottawa was close to a contract with Karlsson that carried a 5 to 7 year term with cap hit of $6M or more. Not Drew Doughty money ($7m/yr) but close. For what it's worth, the Doughty contract one was a $49-million pact that carried over seven years.  More to come... Update: 6:27 p.m. Wow, that didn't take long on the Karlsson contract. 7 years, annual cap hit of $6.5M. — Bob McKenzie (@TSNBobMcKenzie) June 19, 2012 So there you have it, it's a seven year contract totalling $45.5 million - for an average annual value of $6.5 million. Update: 6:55 p.m. The Senators' website has released some comments from owner Eugene Melnyk:  “We are extremely pleased to announce that Erik Karlsson’s contract has been extended for seven more years," said Senators owner Eugene Melnyk. “Erik is t...
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