The St. John's IceCaps have signed a deal to keep the AHL team in Newfoundland at least one year beyond the original contract.

The team's CEO and president, Danny Williams, announced Monday morning that the farm team has extended its original three-year contract with the Winnipeg Jets.

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The St. John's IceCaps have signed a one-year extension to remain in Newfoundland until at least 2014-15.

The one additional year will see the team play at Mile One Centre through at least the 2014-15 season.

"It's a done deal," Williams said. "So we’re now good, we know, for at least three more years of AHL hockey in Newfoundland and Labrador."

Williams said the IceCaps have come a long way in a short time.

In the team’s inaugural season, the IceCaps sold out all 46 home games and made it to the third round of the Calder Cup playoffs.

True North Sports and Entertainment, owner of the parent Winnipeg club, lauded the Newfoundland-based franchise.

"We were immediately rewarded by the success of the St. John’s IceCaps on the ice and the immense community support off of it," Craig Heisinger, director of hockey operations and assistant general manager of the Winnipeg Jets, said in a press release.

"We are excited about the chance to extend our affiliation with the IceCaps and the city of St. John’s and look forward to strengthening this relationship."