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.
Apr 1, 2015, 1:41 AM EDT
Could the Vancouver forward be facing further discipline from the league?
Apr 1, 2015, 1:17 AM EDT
Tampa Bay is in a battle for the Atlantic Division.
Apr 1, 2015, 12:40 AM EDT
No call on that play.
Apr 1, 2015, 12:04 AM EDT
That’s big for Ottawa.
Mar 31, 2015, 11:31 PM EDT
This was an eventful game.
Mar 31, 2015, 10:57 PM EDT
Could supplemental discipline be on the way?
Mar 31, 2015, 10:09 PM EDT
Florida had the lead in the third period.
Mar 31, 2015, 9:38 PM EDT
Could Vancouver’s veteran defenseman be looking at a suspension?
Mar 31, 2015, 8:58 PM EDT
Scored 32 goals in 37 games this season.
Mar 31, 2015, 8:13 PM EDT
Mar 31, 2015, 7:59 PM EDT
Joins Bossy, Gretzky, Dionne, Lafleur and Lemieux.
Mar 31, 2015, 7:49 PM EDT
3rd-round pick if it happens after the season, 2nd-rounder if it happens in-season.
Mar 31, 2015, 6:59 PM EDT
University of Minnesota blueliner inching closer to free agency.
Mar 31, 2015, 6:41 PM EDT
So the Hart will not, as some have suggested, become the Gretzky.
Mar 31, 2015, 5:30 PM EDT
Blackhawks duo “had a good thing going.”
Mar 31, 2015, 4:32 PM EDT
Not just a team that scores a lot of goals.
Mar 31, 2015, 3:38 PM EDT
Could really use a win tonight versus the Rangers.
Mar 31, 2015, 2:40 PM EDT
“I can speak from experience that home ice matters.”
Mar 31, 2015, 2:13 PM EDT
News and notes from around the crease…
Mar 31, 2015, 1:59 PM EDT
Florida’s season is essentially on the line.
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