3 reasons why Ridly Greig's extension is a win on both sides

One young player on the Ottawa Senators isn't going anywhere. Earlier today, 22-year-old Ridly Greig signed a four-year, $13 million ($3.25 AAV) contract extension with the Senators. Excitement was big for Greig when he signed his extension.

Greig was the former 28th overall pick in the 2020 NHL Draft. Now it's 2025 and Greig isn't going anywhere anytime soon with signing an extension.

Some might think Greig getting an extension this early into the season is a shock. However, the extension is a win on both sides.

3 reasons Greig's extension is a win on both sides

The Senators giving Greig an extension shows they trust him and want him to be a piece moving forward. When building a roster together, it's important to know which players are needed on the team for years to come.

3. More years as part of the core

The Senators have pieces of their core on contract for more years to come. Brady Tkachuk and Thomas Chabot are both on contract until 2028. Linus Ullmark is on contract until 2029.

Josh Norris is on contract until 2030; Tim Stutzle is on contract until 2031; Jake Sanderson is on contract until 2032.

Greig's extension puts him under contract until 2029 with Ullmark. Even with Greig having his contract run out in the same year as Ullmark, it puts Greig as part of the Senators core.

Having young players signed for many years to come is important for any team. Now, the Senators just added another piece to their core for years to come with extending Greig.

2. Potential is still there for Greig

This season has been a battle for Greig. In 37 games played this season, Greig has 12 points. Four of Greig's points have come on the powerplay, and he also has one shorthanded goal. Although the season hasn't gone off as Greig would've liked to have start, the potential is still there.

Greig is only 22 years old and will continue to grow his game. Now that he's a core piece, Greig will be spending more years to play next to Tkachuk, Stutzle, Norris, Sanderson and Chabot.

Having Greig being able to play with those locked up core players can help him grow more, mature and get settled in better with the roster.

If some players on the Senators leave over the next few years, the Senators will turn to Greig to take a big step. With still being young, Greig has the ability to do so.

1. Extension length and salary was very fair

When signing young players, it's important to not overpay or underpay them. Based on the season he's having and his age, the price and length of Greig's extension is more than fair.

At $3.25 million per year for four years, that is fair for Greig for his production this season and his career. In 129 career games, Greig has 47 points. Greig's 12 points this season is more than some of the other young players on the Senators.

Greig has more points this season than Shane Pinto, Michael Amadio and Noah Gregor. Greig has also been a solid player to have on the powerplay this season.

The Senators extending Greig may have come as a surprise with it being in January, but the Senators are committed to having Greig be part of the core for years to come.