An excerpt from NHL.com:

The Pittsburgh Penguins have agreed to terms with head coach Michel Therrien on a new three-year contract, it was announced today by Executive Vice President and General Manager Ray Shero.

The contract covers the 2008-09, 2009-10 and 2010-11 seasons.

“Michel has done a tremendous job with our team over the past two-and-a-half seasons, developing our young players while leading us to division and conference championships and the Stanley Cup finals,” Shero said. “He had one year remaining on his previous contract, and we could have simply talked about an extension. But we thought that, based on the success we’ve had together, it was time to negotiate a new deal, starting with an increase in compensation for the 2008-09 season.”