The St. Louis Blues on Thursday announced that they had signed forward T.J. Oshie to a five-year contract extension.

BREAKING NEWS: The Blues have agreed to terms with T.J. Oshie on a five-year contract. Details coming to stlouisblues.com soon #stlblues—
St. Louis Blues (@StLouisBlues) July 20, 2012

Oshie's contract is worth an average of $4.175 million per year. Official press release will be available Friday. #stlblues—
St. Louis Blues (@StLouisBlues) July 20, 2012

Here’s Oshie’s reaction on his official Twitter feed:

Couldn't be more happy to resign for another 5 years with the Blues. #bestfansever @StLouisBlues—
TJ Oshie (@OSH74) July 20, 2012

Oshie, 25, was the 24th overall pick in the 2005 draft. He has 63 goals and 175 points in 262 games over four seasons with the Blues. While he tied for the team lead this past season with a career-high 54 points, he has never had a 20-goal campaign.

Jeremy Rutherford of the St. Louis Post-Dispatch weighs in with this analysis:

Oshie deal looks very fair for both sides. Avoiding arbitration, best possible result for all parties. #stlblues—
Jeremy Rutherford (@jprutherford) July 20, 2012