The New Jersey Devils have re-signed center Travis Zajac to an eight-year, $46 million contract extension, worth an average annual cap hit of $5.75 million.

SPECTOR’S NOTE: Zajac, 27, was eligible for unrestricted free agency this July. Having lost Zach Parise to free agency last summer, Devils GM Lou Lamoriello wasn’t going to risk losing Zajac, his first line center. While the term limit for NHL contracts under the new CBA was seven years, I  believe it is eight years for players who are re-signed by their teams. In any case, it’s an affordable move by the Devils, getting him under a reasonable cap hit. Zajac missed all but 15 regular season games last season to an Achilles injury, but rebounded with a solid effort in the playoffs, with 14 points in 24 games.