RALEIGH, N.C. — The Carolina Hurricanes are making a major investment in the future of forward Seth Jarvis.

The team announced Saturday that it has re-signed Jarvis, considered one of the league’s emerging young stars, to an eight-year contract for $63.2 million, of which $29.24 million comes in signing bonuses. Jarvis will have a $7.5 million average annual cap hit because of a deferred payment to be made after the contract expires, according to media reports..

Jarvis, 22, had made an immediate impact in his first three seasons in the NHL. A first-round draft pick by the Hurricanes in 2020, he is coming off a season that had the Winnipeg, Manitoba, native post career highs in goals (33), assists (34) and points (67).

“Seth is a cornerstone player for our franchise,” Hurricanes general manager Eric Tulsky said in a statement. “He took another huge step last season, playing in all situations and displaying the skill and competitive drive that will make him a star in this league in the years to come.”

Jarvis was a restricted free agent and his signing was likely the last important bit of offseason business for the Hurricanes. It was a protracted process, not completed until just a few weeks before preseason training camp, but the Canes got it done.

The Jarvis extension was similar to the eight-year deal signed July 1 by defenseman Jaccob Slavin, whose contract had a deferred payment provision that lowered his AVV.

The Hurricanes earlier signed forwards Martin Necas and Jack Drury — both restricted free agents — to new deals and avoided arbitration hearings.

Jarvis has impressed Canes coach Rod Brind’Amour and his teammates with both his play and his toughness. In his media interview after the 2023-24 season, he acknowledged playing much of the season with a shoulder injury that required him to wear a protective shoulder jacket.

“About 15 games in, I tore my labrum and rotator cuff in my right shoulder,” Jarvis said. “I just kind of dealt with it, slipping in and out a lot.”

Jarvis, listed at 5-10 and 175 pounds, also suffered a broken finger during the first round of the 2024 Stanley Cup playoffs, calling it “annoying,” but played on. He finished with five goals and nine points in the 11 playoff games.

Jarvis was very good at even strength — he had a plus-23 plus/minus rating — but also had a team-high 13 power-play goals in the regular season. He had two short-handed goals as he has developed into an effective penalty killer.

“You could see his game take, I don’t think you can say steps, but leaps and bounds,” forward Jordan Martinook said after the season.

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