Alexander Romanov signed an eight-year contract with the New York Islanders on Monday. Financial terms were not announced.

The New York Islanders signed defenseman Alexander Romanov to an eight-year extension, the team announced Monday. Financial terms of the deal were not disclosed, but multiple reports said the contract has an average annual value of $6.25 million for a total value of $50 million.

The shoe that everyone’s been waiting to drop finally dropped. The New York Islanders inked Alexander Romanov to an eight-year, $50 million contract. The Islanders have $14.69 million leftover in cap space.