May 16, 2018 | 4:45Pm ET



Oliver Ekman-Larsson, defenceman


The Arizona Coyotes and star defenceman Oliver Ekman-Larsson are engaged in contract negotiations on an eight-year deal worth around $8 million per season, according to Arizona Sports 98.7FM.

As first reported by Craig Morgan of Arizona Sports, Ekman-Larsson’s new annual contract, should he agree to the deal, would be slightly over $8 million per year.

Ekman-Larsson, 26, has one-year remaining on his current contract, which comes with a $5.5 million salary cap hit.

While the two sides can agree to terms on an extension now, Ekman-Larsson is not officially eligible to sign a new deal until July 1.

“I would obviously like to figure something out,” Ekman-Larsson told Arizona Sports after the regular-season during exit interviews. “I’ve said it so many times. This is where I want to be. Hopefully we can work something out.”

Ekman-Larsson’s new deal would make him the second-highest paid defencemen in the NHL, based on his expected cap hit. Nashville’s P.K. Subban sits first with a $9 million cap figure, while San Jose’s Brent Burns is currently second with an $8 million cap hit.

In 82 games with the Coyotes this past season, Ekman-Larsson registered 14 goals and 28 assists for 42 points.