"Montreal forward Max Pacioretty has signed a two-year contract to stay with the Canadiens through the 2012-13 season, the team announced Monday. The terms of the contract were not disclosed by the team, but TSN is reporting the full value of the contract at $3.25 million.

Had he not signed, Pacioretty would have become a restricted free agent July 1.

"Happy to announce I just signed a two-year deal with the Habs," Pacioretty wrote on his Twitter account Monday. "Really looking forward to getting this season started now."

Canadiens GM Pierre Gauthier called Pacioretty, "one of the most promising young players in our organization." "