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Mark Streit’s deal with Philly is official

Jun 28, 2013, 7:58 PM EDT

markstreitgetty Getty Images

The Philadelphia Flyers made it official on Friday, signing defenseman Mark Streit to a four-year, $21 million deal, TSN’s Darren Dreger confirms.

Dreger lays out the year-by-year details:

2013-14: $5 million with $2 million signing bonus
2014-15: $6 million
2015-16: $6 million with $2 million signing bonus
2016-17: $4 million with $2 million signing bonus

Streit’s contract will be a 35+ deal, so barring a trade, the Flyers will carry his $5.25 million cap hit even if his play slips or he retires.

It’s already been a busy weekend for the Flyers, with buyouts for Danny Briere and Ilya Bryzgalov coming alongside this deal being made official and the upcoming draft. (Philly nabbed the 11th pick in the first round.)

  1. Exiled1 - Jun 28, 2013 at 8:37 PM

    Just can’t wrap my head around this deal. That’s a lot of dough to throw at somebody of his caliber.

    • vanindeed - Jun 28, 2013 at 9:16 PM

      I agree. He’s the Gonch lite

      • phillyphanatic77 - Jun 28, 2013 at 9:23 PM

        But he’s also 3 years younger than Gonchar. It’s not a great contract but they now have the puck-mover they desperately lacked last season. And he didn’t come to the NHL until he was about 27-28, so he doesn’t have the wear and tear of a 15-yr vet. No one can predict the future so its not a sure bet that this deal will handcuff the team, altho it’s certainly a risk.

      • flyersgoalscoredby88 - Jun 29, 2013 at 9:06 AM

        Phanatic, that doesn’t make sense. Sure he didn’t come to the NHL until later, but it’s not like he started playing hockey at 28; he still played somewhere and suffered wear and tear fr all those yers, just not the NHL.

  2. revphillyd - Jun 28, 2013 at 9:39 PM

    I for one like the deal. It’s not ideal but he would have been the best defensemen on the market. Plus to reiterate what phillyphanatic77 posted; he is a really good puck moving d-man that the Flyers sorely lacked last year. I just get the feeling Holmgren has a few moves up his sleeve this weekend and into free agency. The Streit deal alone makes the team better but this can’t be all the moves they make on defense. Then there is the draft which I truly think is going to be a defensemen as well.

  3. jimw81 - Jun 29, 2013 at 1:41 AM

    overpaid. once again holmgren was bidding against himself.

    • ray2013 - Jun 29, 2013 at 2:37 AM

      If you believe Edmonton media, they definitely had interest in bidding for him. They had one of the worst, if not the worst, group of defencemen in the league. And to get free agents to come to Edmonton, they have to over-bid. (At least that’s the reason they always give why Edmonton never signs any significant free agents).

    • phillyphanatic77 - Jun 29, 2013 at 2:41 AM

      He actually wasn’t… Streit would have been the top defender in a weak crop, and with defensemen being the premium position in the NHL, he would’ve gotten atleast 5.25 on the open market. Probably closer to 5.5-6. This wasn’t the Bryz move.

      • jimw81 - Jun 29, 2013 at 10:53 PM

        Shattenkirk is getting paid one or two mill less and he’s younger and more productive. striet’s deal created a inflated market.

  4. tjvalley - Jun 29, 2013 at 6:00 AM

    I’m a huge islander fan and I got a chance to watch him over the last five years a lot. He is a great puck mover and one of the most offenceively dynamic players in the league from the blue line. BUT, he shows his age lately and defensively he sucks really bad. Really bad. He certainly isn’t going to make Philly’s new goalie very comfortable at all. Also, for how bad he is defensively, he’s def not worth that money, if he was the islanders would of have it to him.

  5. jr507 - Jun 29, 2013 at 7:00 AM

    well said TJ. I loved Streit on the PP or down a goal late needing our D to sell out for a goal. Defensively though – yikes. It was time to let him go and get a look at Reinhardt, Donovan, or Mayfield.

  6. puckmepuckyou - Jun 29, 2013 at 8:30 AM

    Homer is killing this team. Knee- jerk panic reaction signing. This guy is not going to get better because of a new system. What skills he has are well known. With that in mind WTF are they thinking with that contract.

  7. narfmoo12 - Jun 29, 2013 at 11:11 AM

    Streit is so terrible that the islanders offered him a similar deal during the season.

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