Brad Marchand signed a six-year, $31.5 million contract to remain with the Florida Panthers on Tuesday. It has an average annual value of $5.25 million.

Marchand and the Panthers agreed to a six-year contract extension, reportedly worth just less than $32 million, according to Sportsnet's Elliott Friedman. That comes after Friedman reported the Panthers reached an eight-year contract with Aaron Ekblad worth roughly $6.1 million annually.

According to NHL insider Elliotte Friedman, Marchand is reportedly sticking with the defending Stanley Cup champions for the long haul, inking a six-year contract extension worth just under $32 million.