Both sides avoid arbitration with a new deal that carries an annual average value of $2.9375 million, reports Sportsnet's Elliotte Friedman.
Tierney is coming off a strong year for the Sharks. The two-way forward registered career highs in goals (17), assists (23), and points (40) while playing in the full slate of 82 games. He added two assists in 10 playoff games.
The 24-year-old Keswick, Ontario, native was selected 55th overall by San Jose in the 2012 NHL Draft. Tierney was scheduled to have an arbitration hearing Friday.