OTTAWA -- The Ottawa Senators have agreed to terms with defenceman Jared Cowen on a four-year contract. Sources tell TSN Hockey Insider Bob McKenzie the deal is worth $12.4 million for an average annual value of $3.1 million. Cowen began the 2012-13 season with the Binghamton Senators, recording three assists in three games. He underwent surgery in November to repair a torn labrum in his left hip, sidelining him until April when he made his NHL season debut against the Carolina Hurricanes. The 22-year-old Cowen played seven regular-season NHL games last season, scoring one goal. He also played in each of Ottawas 10 playoff games against the Montreal Canadiens and Pittsburgh Penguins, recording three assists and 21 penalty minutes. Cowen missed the start of training camp as his contract negotiations dragged. "Its great, you go through a hard negotiation and things are said, but we obviously love this guy as a player, as a person, hes what we want," Senators assistant general manager Tim Murray said. "Hes kind of a poster boy of what we want here. He works extremely hard, hes low maintenance, he plays hard, he competes, we love him as a player. "Im just happy its over and I hope hes as happy as we are." Cowen was the Senators first-round pick (ninth overall) in the 2009 NHL draft. He played in all 82 games of his rookie season with the Senators in 2011-12, scoring five goals and adding 12 assists. Custom Philadelphia Eagles Jerseys . Thats exactly what happened. And they enjoyed every moment. 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Wilbert Montgomery Jersey . -- David Freese is starting to pick up his run production, which is something the Los Angeles Angels have been waiting half a season to see.Here are my thoughts on Dwane Caseys contract extension, Michael Carter Williams as rookie of the year, Mark Jacksons firing in Golden State, RC Buford as executive of the year and Kevin Durant as most valuable player. 1. Dwane Casey contract extension: Makes complete sense to me. Stability in leadership positions in any organization is vital to success and the fact that you know what the vision/direction of the Raptors will be for the foreseeable future, thats a positive. He earned that extension with a solid approach the past three years. The building process of creep-crawl-walk-run is in the walk stage right now and thats a solid development. Lots and lots of work ahead to get it to the run stage but usually an important part of that vital next step beyond better players is having consistency and shared vision at the top to see the job through. The right decision was made. A good day for not only Dwane Casey but for Raptors fans. 2. Michael Carter Williams (76ers): Rookie of the Year choice was a no-brainer. Hes actually a better pro than what I saw from him in college at Syracuse. Wonderful all-round talent that impacts the game on so many fronts. If they can add a solid supporting cast around him, hes got a chance to be one of the elite lead guards in the league for a long time. A real positive amidst a season of frustration in Philly. 3. Mark Jackson (Warriors): Cant say Im surprised by this move. With two assistant coachhes being let go during the regular season and the constant rumors, you knew that something behind the scenes had run amiss in the Bay Area.dddddddddddd He did a good job in his run there and in my opinion, deserves and will get another crack at it at some point, possibly quite soon. Opens up a very attractive job. If Im in their shoes, the guy I go get is Stan Van Gundy. He did a terrific job in both Miami and Orlando as a head coach and, after taking two years off, youd be getting an energized guy with big time leadership and head coaching experience. Lots of talent and money invested there so go get a guy that can help you see full return on your investment. 4. RC Buford (Spurs): The model franchise. Partnership, leadership, basketball savvy and smarts all in effect in major doses. Behind the scenes, Buford sets the tone for the positive direction for this organization. No panic, always the big picture in mind and a terrific feel for the team concept. They do things in a first class fashion and his support of Gregg Popovich in the shadows is impressive. Well earned and well deserved. 5. Kevin Durant (Thunder): If you havent watched/listened to Durants MVP acceptance speech, please do so. Wow! Ive always been a huge fan of him as a person and player but now Im head over heels about him. Gotta tell you, he had me crying. What a terrific speech from one of the true genuine guys in sport today. A class act and a true gentleman. 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