Semin, who is thriving after signing a one-year contract with the team as a free agent, put his ink on a new deal worth $35 million.
"We're very happy to retain Alex," Hurricanes general manager Jim Rutherford told reporters. "Alex is an elite player and has been a major contributor to the Hurricanes having a strong top line."
Having spent his first seven seasons with the Washington Capitals, the 29-year-old was given a chance for a new start when Carolina picked him up and it has clearly paid off for both sides.
Semin leads the team with 22 assists as the Hurricanes fight for their first playoff berth since 2009.
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