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.
Sep 20, 2014, 11:36 PM EDT
The restricted free agent seems to be at an impasse with Columbus.
Sep 20, 2014, 11:01 PM EDT
Devils GM Lou Lamoriello said he’s “fine,” but he initially said the same of Clowe when the player had a concussion.
Sep 20, 2014, 10:05 PM EDT
The knee injury he sustained during the lockout shortened season might be partially to blame for his struggles.
Sep 20, 2014, 9:07 PM EDT
That’s after years of being the center of a goaltending controversy in Vancouver.
Sep 20, 2014, 8:09 PM EDT
Can they be the first repeat winners since Detroit in 1997-98?
Sep 20, 2014, 7:03 PM EDT
He was asked how he would have handled the Ray Rice situation.
Sep 20, 2014, 6:07 PM EDT
Do Thornton and Marleau disagree with coach Todd McLellan on this point?
Sep 20, 2014, 5:05 PM EDT
It’s his first chance to provide his argument for why he should make the team.
Sep 20, 2014, 4:08 PM EDT
Tough timing for him as he had been playing alongside fellow countryman David Krejci.
Sep 20, 2014, 3:30 PM EDT
Optimistic about sticking with the big club out of camp.
Sep 20, 2014, 2:30 PM EDT
Listed as day-to-day.
Sep 20, 2014, 2:13 PM EDT
Expected to miss a couple days according to Randy Carlyle.
Sep 20, 2014, 1:39 PM EDT
Discussions regarding deal are on-going.
Sep 20, 2014, 12:31 PM EDT
Experimentation process has begun as team looks for secondary scoring.
Sep 20, 2014, 11:47 AM EDT
Stars searching for a suitable No. 2 behind Kari Lehtonen.
Sep 20, 2014, 10:51 AM EDT
After playing in just 16 games in 2013-14, he’s looking to be a contributor this season.
Sep 20, 2014, 9:46 AM EDT
Undrafted defenseman looking to make an impression at camp.
Sep 19, 2014, 11:01 PM EDT
The Winnipeg Jets would settle for far less after he scored just 19 last season.
Sep 19, 2014, 10:03 PM EDT
The last thing he wants is to suffer a setback by rushing his recovery.
Sep 19, 2014, 9:37 PM EDT
That’s not the only summer statement he took exception to.
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