After months of speculation surrounding the future 2014 Major League Soccer Goalkeeper of the Year Bill Hamid, D.C. United took a major step towards ensuring that one of the United States’ best young goalies won’t be heading overseas anytime soon.

On Thursday afternoon, the club announced that it had reached a multi-year contract extension with Hamid -- who was in the final year of his current deal.

While the move commits Hamid to D.C. for the foreseeable future, it does not necessarily preclude him from eventually moving to Europe. Earlier this year, multiple reports linked Hamid to teams in both Italy and England. The talented 24-year-old has ventured to Europe for multiple offseason training stints in recent years, most notably with English Premier League side West Bromwich Albion.

Had United allowed Hamid’s contract to expire later this year, he would have been eligible to move to Europe without a transfer fee -- denying D.C. of some much-needed revenue. Now that the Black-and-Red control Hamid’s contract moving forward, they’ll be able to set the asking price for his services on the international market. Hamid’s stock has risen in the last year, as he’s become a more consistent call-up into recent United States national team camps.

Back in 2009, Hamid was the first player out of D.C. United’s youth development program to sign with the first team. The Annandale, Virginia native attended DeMatha Catholic High School before turning pro.

MORE D.C. UNITED: United look to impose its will on Crew