Jun 17, 2013, 5:01 PM EDT
The Philadelphia Flyers have agreed on a four-year contract extension with defenseman and ex-Islanders captain Mark Streit.
According to TSN’s Darren Dreger, the deal is worth $21 million with an average annual cap hit of $5.25 million.
The news comes just five days after the Flyers acquired Streit’s rights from the New York Islanders in exchange for prospect Shane Harper and a fourth-round pick at the 2014 NHL Entry Draft.
This deal was likely agreed to in principle, as Streit can’t officially sign until Philadelphia sorts out its salary cap situation. CSN Philadelphia’s Tim Panaccio reports a Flyers source says the deal is “not done yet.”
(For more, click here.)
Streit, 35, was a key member of the Isles this year. He led all New York defensemen in scoring (27 points) and finished second on the team in power play points, with eight.
In the playoffs, he tied John Tavares for the team playoff scoring lead (five points) and averaged over 20 minutes a night.
Following the Islanders’ first-round exit against Pittsburgh, Streit told Newsday he wanted to return to New York as his five-year, $20.5 million deal was set to expire on July 5.
“I’ve said it all along, I want to be back,” he explained. “I love it here, I love Long Island and the organization has been great to me.”
But it appears for all that love talk, money got in the way.
Here’s more, from Newsday:
The Islanders are believed to have made a three-year offer for the same $4.75 million per season that Lubomir Visnovsky accepted on the eve of the trade deadline (Visnovsky’s deal is for two years), but Streit is looking for north of $5.5 million per season.
With the free agent market for defensemen very thin, Streit could command $6 million per year and even possibly get a four-year deal. The Islanders wanted Streit back to keep the continuity Garth Snow has built, but the Isles GM is also not interested in busting his salary structure to keep Streit.
Of note, Streit turns 36 in December and would classify as a 35+ contract, meaning his salary and cap hit are guaranteed for the life of the deal.
Jul 31, 2014, 11:00 PM EDT
Lou Lamoriello says those SO struggles are “not a focus.”
Jul 31, 2014, 10:00 PM EDT
“It will help me down the road.”
Jul 31, 2014, 9:00 PM EDT
Have fun making up captions with this one.
Jul 31, 2014, 7:39 PM EDT
The team estimates he’ll miss two weeks of on-ice training.
Jul 31, 2014, 6:43 PM EDT
The former first-rounder still needs to prove himself.
Jul 31, 2014, 5:18 PM EDT
The forward is already endearing himself to Blue Jackets fans.
Jul 31, 2014, 3:54 PM EDT
Ottawa’s offseason is receiving mixed reviews.
Jul 31, 2014, 2:31 PM EDT
He doesn’t know how to haggle.
Jul 31, 2014, 1:18 PM EDT
Dallas Stars version.
Jul 31, 2014, 12:41 PM EDT
Let’s make a big deal out of this, shall we?
Jul 31, 2014, 11:52 AM EDT
A “well-deserved” honor, according to Ed Snider.
Jul 31, 2014, 10:51 AM EDT
Beginning with the Stanley Cup champion Los Angeles Kings. Click for the full 30-team schedule.
Jul 31, 2014, 10:22 AM EDT
Brandon Sutter next?
Jul 31, 2014, 9:51 AM EDT
Went 12-15-6 with a .913 save percentage last season for Ottawa.
Jul 31, 2014, 9:00 AM EDT
But he also won’t require surgery.
Jul 31, 2014, 8:00 AM EDT
All that and more, inside.
Jul 30, 2014, 9:30 PM EDT
They’ll face off against Canada and Russia at a tournament in Toronto next week.
Jul 30, 2014, 8:30 PM EDT
Acquired last season in exchange for Krys Barch.
Jul 30, 2014, 7:30 PM EDT
“We’re moving along on that.”
Jul 30, 2014, 6:28 PM EDT
“We haven’t approached it in that respect.”
- Flyers’ Mason broke his right pinky finger playing ball hockey 11
- Lindros, LeClair and Desjardins to be inducted into the Flyers Hall of Fame 56
- It’s back! PHT’s Team of the Day summer series starts tomorrow 7
- Pens sign Spaling — two years, $4.4 million 13
- Agent: Subban hasn’t told me to make him NHL’s highest-paid D 30
- Devils sign Greene to five-year, $25M extension 18
- Subban seeking $8.5 million in arbitration, versus the Habs at $5.25 million 46
- Marchand on Plekanec: ‘I hate him. I can’t stand him’ 59
- Gettin’ paid: Gardiner inks five-year, $20.25M extension with Leafs 15
- Report: Trottier to join Sabres’ coaching staff 21
- Cashing in: Rangers sign Brassard to five-year, $25 million deal (63)
- Lindros, LeClair and Desjardins to be inducted into the Flyers Hall of Fame (61)
- Marchand on Plekanec: ‘I hate him. I can’t stand him’ (59)
- Subban seeking $8.5 million in arbitration, versus the Habs at $5.25 million (46)
- Trotz plans to let Johansson, Kuznetsov, and Burakovsky compete for time at center (45)