Wednesday July 9th, 2014

The New Jersey Devils have signed goalie Cory Schneider to a multi-year extension, the team announced Wednesday. Terms were not disclosed by the Devils but Rich Chere of The Star Ledger is reporting the deal is for seven years and $42 million and includes a no-trade clause.

In a conference call with reporters, Schneider, 28, said the first word that came to mind about the deal is "excitement," according to the report:

"The first word that comes is excitement. I'm excited to be a New Jersey Devil for a long time, hopefully for the rest of my career. It hasn't quite sunk in yet but this is something that Mr. Lamoriello and the ownership and myself all wanted to get done."

SI WIRE: Devils goalie Martin Brodeur will test free agency

Schneider had one year left on his contract at $4.5 million. He was traded to the Devils by the Vancouver Canucks a year ago. The former first-round draft pick had a goals-against-average of 1.97 and a .921 save percentage last season for New Jersey. 

MORE NHL: Top line: Underrated free agents; Sidney Crosby surgery

- Molly Geary

SI Apps
We've Got Apps Too
Get expert analysis, unrivaled access, and the award-winning storytelling only SI can provide - from Peter King, Tom Verducci, Lee Jenkins, Seth Davis, and more - delivered straight to you, along with up-to-the-minute news and live scores.