The Edmonton Oilers signed goaltender Cam Talbot to a three-year contract extension on Sunday.

The 28-year-old native of Caledonia, Ont., was slated to become an unrestricted free agent at the end of the season. The Oilers announced the extension on Twitter.

"I'm happy I'm going to be around for the next three years to grow and improve with this team ... I love the city so far," Talbot said on the team's Twitter feed.

Financial terms weren't released but reports indicate it's a $12.5 million US extension with an average annual value of $4.17 million.

Talbot has an 8-13-3 record this season with a .914 save percentage and 2.58 goals-against average.

The six-foot-three 193-pound netminder played parts of two seasons with the New York Rangers before being dealt to Edmonton last June.