At age 23, he was a pending restricted free agent this coming summer. Locking him up, and long term through his prime years, is a major move for the team's present and future.
UPDATE: Elliotte Friedman has the AAV for Leddy and Craig Custance has a yearly breakdown on the escalating (but within the rules) deal:
Leddy AAV is $5.5M— Elliotte Friedman (@FriedgeHNIC) February 24, 2015
Breakdown of the Leddy salary: $4 million, $4.5 million, $5 million, $5.5 million, $6 million, $6.5 million & $7 million in the last year.— Craig Custance (@CraigCustance) February 24, 2015
From the team announcement:
"We have something special in this locker room and I’m excited to be a part of it for seven more years," Leddy said. "From the start of my time here, the Islanders have been a first-class organization. I’m honored by their commitment to me and look forward to challenging for the Stanley Cup for years to come."
You can buy your #2 jersey now.