McKenzie: Blue Jackets' Foligno could command over $5 million per year

The Columbus Blue Jackets and Nick Foligno begun negotiating a contract extension two weeks ago, and TSN's Bob McKenzie believes the forward is in line for a hefty raise.

"The Blue Jackets are Foligno are discussing a new contract," McKenzie said on Thursday's edition of Insider Trading. "They're not far down the trail just yet, but Foligno certainly wants to stay in Columbus and Columbus would love to have him."

"It's going to be an expensive deal to do especially with Foligno shooting the lights out, I'd have to think that his number would start at north of $5 million per year."

The eight-year NHL veteran had 14 goals and 13 assists in 29 games entering Thursday's action.

Foligno is in the final season of a three-year, $9.25-million deal, earning $3.75 million in 2014-15.