ST. LOUIS - Jaden Schwartz won't need an arbitration hearing to decide his contract situation for the upcoming season.

Schwartz, who became a restricted free agent when his two-year deal with the Blues expired on July 1, agreed to a new five-year, $26.75 million contract on Friday afternoon, avoiding an arbitration hearing that was scheduled for Wednesday in Toronto.

The deal will keep Schwartz in St. Louis through the 2020-21 season.

"He's part of that core we have moving forward," Blues General Manager Doug Armstrong said. "Schwartz and (Vladimir) Tarasenko, Robby Fabbri , Colton Parayko , Alex Pietrangelo , Jake Allen - we're trying to build around these guys. Having Schwartz wrapped up in that group, we know we now have a core that we can build around and try to win a championship around."