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 18, 2014, 7:43 PM EDT
The rookie had three assists last night.
Apr 18, 2014, 7:04 PM EDT
The last of the first round series is about to begin.
Apr 18, 2014, 6:34 PM EDT
Montreal has a 1-0 series lead.
Apr 18, 2014, 6:17 PM EDT
This isn’t the first time he’s been fined.
Apr 18, 2014, 5:59 PM EDT
That’s a pretty bold statement, given that Nashville used to have blueliners like Kimmo Timonen and Ryan Suter.
Apr 18, 2014, 5:06 PM EDT
Apparently, the “Coyotes, Ducks, Kings, and Sharks are on board” with relocating their minor-league affiliates closer to home.
Apr 18, 2014, 4:31 PM EDT
The year was 1957…
Apr 18, 2014, 3:48 PM EDT
Unlike the last coach he had in Vancouver.
Apr 18, 2014, 2:59 PM EDT
Devante Smith-Pelley will draw in.
Apr 18, 2014, 2:27 PM EDT
30-year-old vet led the league in scoring.
Apr 18, 2014, 2:10 PM EDT
Usually he reserves that word for his own team.
Apr 18, 2014, 2:02 PM EDT
“It wasn’t very appropriate at all.”
Apr 18, 2014, 1:43 PM EDT
“It’s a good step,” he said.
Apr 18, 2014, 1:25 PM EDT
Apr 18, 2014, 12:53 PM EDT
Rookie goalie Frederik Andersen made 32 stops for Anaheim in Game 1.
Apr 18, 2014, 12:05 PM EDT
Catch the game tonight on NBCSN at 7:30 p.m. ET.
Apr 18, 2014, 11:59 AM EDT
Andrew Barroway has company in his pursuit of Charles Wang’s (pictured) Brooklyn-bound team.
Apr 18, 2014, 11:58 AM EDT
Suggesting they’ll hold onto the fifth overall selection at this year’s draft.
Apr 18, 2014, 11:30 AM EDT
That would be the gesture right there.
Apr 18, 2014, 11:18 AM EDT
More adversity for Tampa Bay.
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