The Edmonton Oilers today announced they re-signed center Ryan Nugent-Hopkins to a seven-year, $42 million contract extension.

Ryan Nugent-Hopkins inks 7-year extension with the Oilers.

Ryan Nugent-Hopkins inks 7-year extension with the Oilers.

SPECTOR’S NOTE: That’s a $6 million per season cap hit, which is in line with the lengthy contract extensions the Oilers signed with Jordan Eberle and Taylor Hall.The new deal takes effect next season.

While the Oilers willingness to invest so heavily in their promising young players is admirable, in the case of Nugent-Hopkins, this could prove a hasty move, given his injury history.

He had a promising debut, with 52 points in 62 games in 2010-11, but he’s since been plagued by a chronic shoulder injury, which currently has him sidelined until November.

Nugent-Hopkins could overcome this early setback and go on to justify that lengthy, expensive investment, but it might have been a better idea for the Oilers to gauge his performance this season before negotiating a new deal.