The Colorado Avalanche signed goaltender Justus Annunen on Tuesday to a two-year contract extension through the 2025-26 season.
Financial terms were not disclosed, but Annunen -- who could have become a restricted free agent on July 1 -- will have a cap hit of around $833,000 on a one-way deal, according to ESPN's Kevin Weekes.
Annunen, who turned 24 on March 11, is currently paid $775,000 on a two-way deal that pays $225,000 in the AHL.
Annunen, who was expected to start Tuesday's game against the Montreal Canadiens, has a 5-2-1 record with two shutouts, a 2.38 goals-against average and .926 save percentage in eight games.
His two shutouts came on consecutive starts against the Chicago Blackhawks -- both 5-0 victories -- to become the first rookie goalie in franchise history to accomplish that feat. Annunen's 37 saves in the March 4 shutout tied a franchise mark for a rookie netminder.
"Justus is a hard-working young goaltender who has earned this opportunity to compete at the NHL level," said Colorado general manager Chris MacFarland. "He has continued to improve and develop his game in the AHL and has played well in his appearances with the Avalanche. We are excited to have him under contract for the next two seasons."
The Avalanche selected the native of Finland in the third round of the 2018 NHL Draft. He has played for Colorado for parts of the past three seasons and has a 7-3-2 record with a 2.85 GAA, .908 save percentage and two shutouts in 12 games (11 starts).