Penguins captain Sidney Crosby signed a two-year contract extension worth $17.4 million that runs through the 2026-27 season on Monday.

Crosby, the No. 1 pick in the 2005 NHL draft, is ramping up for a team-record 20th season with the Penguins and his 18th as team captain.

Pittsburgh general Kyle Dubas confirmed in a team-issued statement that the deal holds an average annual value of $8.7 million.

"There are no words to properly describe what Sidney Crosby means to the game of hockey, the city of Pittsburgh and the Penguins organization," said Dubas. "Sidney is the greatest player of his generation and one of the greatest players in the history of the game. His actions today show why he is one of hockey's greatest winners and leaders. Sid is making a tremendous personal sacrifice in an effort to help the Penguins win, both now and in the future, as he has done for his entire career."

Crosby, 37, has three Stanley Cups with the Penguins and is climbing career records lists. He's 10th on the NHL's all-time points list with 1,596

"Sid's work ethic, focus, character, and mastery of his craft are the stuff of legends to those inside of hockey. Yet, what makes Sid most special is that he actually surpasses that legend with his daily commitment to his craft and to helping the Penguins win," Dubas said. "His dedication to the Penguins through 2027 ensures that our franchise will have its Captain as we go through this phase of our project. Sid's commitment reiterates our urgency to build a team around him that can return our team to contention and provide our players with Sid's leadership and example of what it means to be a Pittsburgh Penguin."

Only Steve Yzerman -- a 19-season captain with the Detroit Red Wings -- was a longer-tenured captain in NHL history than Crosby, the Penguins' all-time leader in games played (1,272), even-strength goals (416), even-strength points (1,025) and game-winning goals (90).

Crosby trails only Mario Lemieux on the Penguins' career chart in goals (592), assists (1,004) and points (1,596). Lemieux (690-1,033-1,723) is the only NHL No. 1 pick who has recorded more points than Crosby.

A 10-time All-Star, Crosby is also a two-time winner of the Hart Trophy, the Art Ross Trophy, the Maurice "Rocket" Richard Trophy and the Conn Smythe Trophy.