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Sean Monahan cashes in, signs 7-year contract with Flames

Colorado Avalanche v Calgary Flames

CALGARY, AB - MARCH 23: Sean Monahan #23 of the Calgary Flames skates against the Colorado Avalanche during an NHL game at Scotiabank Saddledome on March 23, 2015 in Calgary, Alberta, Canada. The Flames defeated the Avalanche 3-2. (Photo by Derek Leung/Getty Images)

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Even though the Calgary Flames 2015-16 season turned out to be a pretty big disappointment, they still have a really impressive core of young talent with Sean Monahan, Johnny Gaudreau, Sam Bennett, and Dougie Hamilton all in place, and all still age 23 or younger.

On Friday morning, they made sure to keep one of those players in place with a long-term contract extension.

The Flames announced that Monahan, a restricted free agent this summer, has signed a seven-year contract with the team.

The team did not release the financial terms of the deal but Elliotte Friedman reports it is similar to the long-term deal Nathan MacKinnon signed with the Colorado Avalanche earlier this summer and is somewhere in the $6.3 million per year neighborhood.

Over the past two years Monahan, the No. 6 overall pick in 2013, has taken a huge step in his development and has become one of the most productive forwards in the league, recording at least 27 goals and 62 points in each of the past two seasons.

For a player that is just now entering his age 22 season that is pretty remarkable production, and is similar to what Filip Forsberg has done with the Nashville Predators over the same time period. And as we noted there when talking about Forsberg’s potential production for this season, players that produce at that level at that young of an age tend to go on to be superstar level players.

Whether or not Monahan does that remains to be seen, but he has had a fantastic start to his career and the Flames now have him locked in for the next seven years on a contract that could prove to be a great deal under the salary cap if he continues on his current path.

Now that Monahan’s deal is completed, the next move for the Flames is to get Gaudreau signed (likely to a similar deal) as he is also a restricted free agent at the moment.