The two sides were slated to have a hearing in
Toronto on Saturday before hammering out the agreement.
Karlsson reportedly requested $6.5 million while the Golden
Knights offered $3.5 million.
Karlsson finished third in the NHL with 43 goals last season
while helping Vegas reach the Stanley Cup Finals in its
inaugural season. The Golden Knights lost to the Washington
Capitals in five games.
The 25-year-old Karlsson scored 78 points and won the Lady Byng
Trophy as the league's top player when it comes to sportsmanship
and gentleman-like conduct.
"William had a great year for us and we are excited to now have
him under contract for next season," Golden Knights general
manager George McPhee said in a statement.
Vegas selected Karlsson from the Columbus Blue Jackets in the
2017 expansion draft.
Karlsson has 128 points (61 goals, 67 assists) in 265 career
games with Anaheim (one season), Columbus (three) and Vegas.
--Field Level Media
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