Jeff Paterson of Team 1040 Radio in Vancouver tweeted on Thursday night the news that the Canucks have reached an agreement with goaltender Cory Schneider on a contract extension. Schneider would have become a restricted free agent on Sunday.
General manager Mike Gillis made the announcement to a group of season-ticket holders.
Schneider surpassed Roberto Luongo as Vancouver's No. 1 netminder this season. Tying Schneider up for the immediate future will free the Canucks to more aggressively shop Luongo, who has 10 years remaining on his contract.
Schneider, who made just $900,000 this year, was second in the NHL with a .937 save percentage and third with a 1.96 GAA.
UPDATE: Gillis made it official on his own Twitter feed:
ESPN.com's Pierre LeBrun checks in with the terms: