With the Skills Competition in the books and the 3-on-3 tournament hours away Sunday, fans and players apparently aren't the only ones enjoying All-Star weekend.

Gary Bettman has signed a new contract that will extend his term as commissioner of the NHL through 2022, Sports Illustrated's Michael Farber reports, according to sources. The 63-year-old declined comment on the situation.

Bettman became commissioner in 1993, and despite presiding over three separate lockouts, has seen the league grow into a multibillion-dollar business. He last received a five-year contract extension in March of 2011.

It was reported in November that Bettman made over $9.6 million in salary and benefits during the 2013-14 season, with only four players (Sidney Crosby, Zach Parise, Shea Weber, and Ryan Suter) earning more in salary.