The Hurricanes have called a news conference today at 2 p.m. to make a "major player announcement" and it's expected the team will announce star center Eric Staal formally has been signed to a long-term contract.
Canes general manager Jim Rutherford said Tuesday that a signing could come soon. No figures were disclosed. It's possible Staal could receive a seven-year contract that would pay the NHL All-Star between $7 million and $10 million a year.
Staal's agent, Rick Curran, was at the RecZone this morning as Staal and the other Hurricanes players worked out. Curran would not comment on the the press conference, but said he hoped "good news" would come out of it.
Check back for more updates as the story develops.