The All Blacks captain has joined star flyhalf Dan Carter in signing a new contract which will prevent both of them taking up lucrative long-term offers to play abroad.
McCaw's four-year deal will allow him to take a break from the game or for the 30-year-old to take up a short-term overseas contract.
"I've always said that as long as I am enjoying playing footy in New Zealand then I will stay," said McCaw.
"I still have the hunger and desire to continue to play for the All Blacks and the (Canterbury) Crusaders, and there are still things I want to achieve as a player."
The New Zealand Rugby Union were delighted to keep both players out of the clutches of foreign clubs and with Canterbury.
NZRU chief executive Steve Tew said: "He (McCaw) is an inspiration both on and off the field and as our most-capped test captain and All Black, he will provide New Zealand rugby and the All Blacks with a very solid foundation to approach the next four years from 2012."
Gilbert has released a new line of rugby cleats. The Gilbert Virtuo 8S is part of the exciting new product. Check it out.
The entire All Blacks apparel line has been updated for 2013/14. Check out the New Zealand All Blacks polo.
The Nike Tiempo is a solid rugby cleat and one of few styles still made from full-grain natural leather.
The Gilbert Blitz 8S rugby cleat is a great cleat at a great price of $69.99. Get a new pair of cleats today.
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Wear the crest of the British and Irish Lions on your t-shirt. A great look for the summer.
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The All Blacks Performance t-shirt is black with hints of blue from the training jersey. Very Cool.
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The NEW All Blacks 2013/14 jersey has arrived at World Rugby Shop. Dare to wear the colors of the All Blacks.
