The Toronto Maple Leafs locked up a key member of its defense corps by signing captain Dion Phaneuf to a seven-year contract extension, the team said on Tuesday.

Financial terms of the deal were not disclosed by the team, but local reports said the contract is worth $49 million.

"Dion is our team leader and has been a pillar in our building process," Maple Leafs General Manger Dave Nonis said in a statement. "He has proven to be a very durable and reliable defenseman in all facets of the game."

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Captain Dion Phaneuf remains a big part of Toronto's plans. Photo: Reuters

Phaneuf, 28, began his NHL career with the Calgary Flames but was traded to Toronto in 2010. The former first-round draft pick has 110 goals and 245 assists in 630 career games.

He has 15 points in 39 games this season for a Maple Leafs team that is in fifth place in the Atlantic Division.

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(Reporting by Andrew Both in Cary, N.C.; Editing by Frank Pingue)