Sidney Crosby Center - PIT 2011-2012 statistics:

GOALS: 8 | ASST: 29 | PTS: 37

The Pittsburgh Penguins have agreed to terms with Sidney Crosby on a 12-year, $104.4 million contract extension that will keep Crosby with the team through the 2024-25 season.

The extension calls for an annual cap hit of $8.7 million.

Under the Collective Bargaining Agreement, the new deal cannot be signed until July 1.

Crosby, 24, will play the 2012-13 season under the terms of his current contract. The extension will kick in at the start of the 2013-14 season.

“This is a great day for hockey and tremendous news for the Pittsburgh Penguins and our fans,” co-owners Mario Lemieux and Ron Burkle said in a joint statement. “We are grateful for all that Sidney Crosby has done for our franchise since coming to Pittsburgh in 2005, both on and off the ice, and we look forward to having him in a Penguins uniform for the rest of his career. He is an excellent player and an even better person, and he is a great ambassador for the Penguins and for Pittsburgh.”

"He's meant so much to the Penguins, to the growth of youth hockey in Pittsburgh, and to the NHL and the game of hockey in general. It's a tremendous feeling to know he'll be here through 2025." - Penguins' CEO David Morehouse on Sidney Crosby

Crosby led the Penguins to the Stanley Cup in 2009 – becoming, at age 21, the youngest captain to hoist the Cup in NHL history. He also has won the Hart Trophy as MVP, the Art Ross Trophy as league scoring champion, the Rocket Richard Trophy as goal-scoring champion and the Ted Lindsay Award as most outstanding player in his seven NHL seasons. In 434 games he has registered 223 goals and 386 assists for 609 points. He has added 90 points in 68 playoff games.

“In an era when players often move from team to team, it’s gratifying to see a young man who is so committed to one city and one franchise,” said David Morehouse, CEO and President of the Penguins. “He’s meant so much to the Penguins, to the growth of youth hockey in Pittsburgh, and to the NHL and the game of hockey in general. It’s a tremendous feeling to know he’ll be here through 2025.”

“He’s a very special player and knowing that he will be here long-term is outstanding news for our players, coaches, staff and fans,” said Ray Shero, the Penguins general manager. “Sidney also brings those extra dimensions as our captain, with his leadership in the room and on the ice. We’re all very excited to reach this agreement on an extension.”