(AP Photo/Michael Dwyer)

No. 1 in the 2017 NHL draft, Nico Hischier will now be with the New Jersey Devils for a number of years to come.

The Devils on Friday signed Hischier to a $50.75 million, seven-year contract extension that counts $7.25 million against the salary cap through the 2026-27 season. Committing long term to Hischier is another important move for New Jersey, which is trying to become a perennial contender again.

"I like the direction the organization is going in, and the confidence they give me is all a player can ask for," Hischier said. "We have a young, exciting team, and I am driven to try my best to help the team succeed every day. I was really welcomed here from day one, and I have always felt that I wanted to be part of the Devils."

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