NHL Rumors: Timo Meier, Devils Agree to 8-Year Contract Extension with $8.8M AAV

After being traded to the New Jersey Devils in February, veteran right winger Timo Meier is reportedly set to remain with the team long-term.

According to The Athletic's Pierre LeBrun, Meier and the Devils have agreed to an eight-year contract extension with an average annual value of $8.8 million.

LeBrun previously reported the two sides had made "serious progress" in negotiations.

Meier was set to become a restricted free agent when NHL free agency opens on July 1 after the four-year, $24 million contract he signed with the San Jose Sharks came to an end this season. The Devils traded four players and two draft picks to acquire the Swiss star along with two players, two prospects and a draft…