Jul 15, 2013, 12:38 PM EDT
Josh Bailey has agreed to terms on a five-year deal with the New York Islanders, the club announced today.
Bailey had 11 goals and eight assists in 38 games this past season. The 23-year-old forward had filed for arbitration, but obviously a hearing won’t be needed now.
Per ESPN’s Katie Strang, the contract is worth $16.5 million, garnering a cap hit of $3.3 million.
“Josh has become an important member of the young core of the players we have in our dressing room,” Islanders general manager Garth Snow said in a release. “We’re excited to come to terms with him on a deal that will ensure he is a member of this team as we solidify ourselves as consistent playoff contenders.”
Bailey was originally drafted ninth overall by the Isles in 2008.
- Video: Flames stun Ducks in OT to get back in the series 6
- Video: Controversial no-goal call on Flames 9
- Video: Crawford, Kane help Blackhawks push Wild to brink of elimination 48
- WATCH LIVE: Tonight’s Stanley Cup Playoff action 1
- Prust apologizes for all the stuff he said about referee Watson 49
- Flyers will be ‘extremely patient’ with youngsters, but ‘want a winner as soon as possible’ 25
- Here’s your Stanley Cup playoff TV schedule for tonight 16
- Holtby outduels Lundqvist as Caps take series lead 52
- Red Wings’ Devellano calls Mantha ‘very, very, very disappointing’ 66
- End of an era in New Jersey as Shero replaces Lamoriello as GM 26
- Vigneault: ‘Standards have been set’ after Ovechkin, Backstrom hits (103)
- ‘You can’t win,’ ex-NHL ref Fraser says of Prust incident (83)
- Lightning’s Bishop silences Red Wings in hard fought Game 7 (81)
- Babcock won’t discuss future yet, but sees challenges ahead for Wings (79)
- New York second: Capitals stun Rangers for 1-0 series lead (76)