The contract is reportedly going to be worth $47.2 million for Karlsson, who has been with the Golden Knights since their existence. He was selected in the expansion draft before the 2017-2018 season, this after spending three seasons with the Columbus Blue Jackets. He was not thought highly of there, as he was just a third-line winger at the time, but he has excelled in a major way in Vegas.
The 26-year-old powered the Golden Knights to the Stanley Cup Final in their first season with 43 goals in the regular season, but they would fall to Alex Ovechkin and the Washington Capitals in June of 2018. Before that season, he had never scored more than nine goals in a season, but a new home rejuvenated him in the most impactful way.
Karlsson was unable to match those numbers this past season, but he did finish with 24 goals and 32 assists, as the Knights made the Stanley Cup Playoffs for the second time in two seasons. The one down side of this deal for the Golden Knights is that they will have to make some trades to get under the $81.5 million salary cap, as that was set below the expected $83 million mark. That fact shows how important Karlsson is to this franchise, as they are well aware that this contract will force a sacrifice or two elsewhere on the roster.