Red Wings ink Dylan Larkin to multi-year extension

With training camp gradually approaching, the Detroit Red Wings took care of business in locking up one of their bright young stars, Dylan Larkin, to a multi-year extension on Friday.

The Red Wings did not formally disclose details of the contracts but there are reports that the deal has an average annual value of $6.1 million.

Larkin last season played in all 82 games for the Red Wings, setting personal-bests in both assists (47) and points (63), both of which also led the team. He also led forwards on the team in average time on ice per game (19:51). The recently-turned 22-year-old native of Waterford has racked up 56 goals and 140 points in 242 career games through his first three seasons in the NHL.

Larkin has also been a regular fixture in international play, representing the United States in the World Championships since 2013 on the junior circuit. He has picked up four medals, including gold at the 2014 U18 World Championships in Finland.

The new contract for Larkin pegs him as the biggest single cap hit for the Red Wings. However, the deal also puts them in a little bit of limbo in terms of the payroll. Following the newly-inked extension, Detroit is now approximately $3.27M over the cap. Teams are permitted to as many as 10 percent over the upper limit of the cap, which in this case is $79.5M for the upcoming 2018-19 season, but they must comply with the limit come the first game of the season (October 4).

Red Wings general manager Ken Holland said that the team is slated to be a little over the cap heading into training camp and that they will need to explore making another move to address it.