Jul 13, 2012, 2:27 PM EST
The deal comes with an average annual cap hit of $1.25 million, a slight bump from the $900,000 he made last season.
Diaz, 26, made his NHL debut in 2011-12 after spending eight years with EV Zug of the Swiss League.
His first campaign proved to be a good one as he scored 16 points in 59 games, averaged 18 minutes of ice time per night, finished third among rookie defensemen in blocked shots (102) and was part of the NHL’s All-Rookie Team at the 2012 All-Star Weekend.
Diaz was scheduled for an arbitration hearing on July 26. By avoiding it, he locks into a Montreal blueline that could be crowded next season — Andrei Markov, Tomas Kaberle, Josh Gorges, Alexei Emelin, Francis Bouillon and Yannick Weber are also under contract with RFA P.K. Subban still yet to be signed.
- Update: Ryan Callahan out 4-6 weeks with MCL sprain 5
- Ovechkin wills Caps to stunning shootout win vs. Bolts 39
- Bettman: No decision on expansion, but they’re listening 12
- Neal admits kneeing Marchand was ‘not the smartest decision’ 68
- Leafs captain Phaneuf suspended two games for boarding 37
- Rangers confirm Staal suffered concussion 8
- Winnipeg to get outdoor game; Phoenix wants one 33
- Neal suspended five games for kneeing Marchand in the head 156
- Report: Dion Phaneuf will face hearing for hit on Kevan Miller 104
- Bruins coach admits Thornton crossed the line, slams Pens for not being ‘truthful’ 136
- Video: Penguins’ Orpik stretchered off ice; Bruins’ Thornton given match penalty (182)
- Neal suspended five games for kneeing Marchand in the head (156)
- Bruins coach admits Thornton crossed the line, slams Pens for not being ‘truthful’ (136)
- Pens put Orpik on IR (132)
- Orpik suffers from concussion, including memory loss (118)