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Flyers sign Read to four-year, $14.5 million contract extension

Sep 20, 2013, 7:33 PM EDT

New York Rangers v Philadelphia Flyers Getty Images

The Philadelphia Flyers have signed forward Matt Read to a contract extension.

It’s a four-year extension worth $14.5 million, with an annual average salary of $3.625 million, beginning in the 2014-15 season, the Flyers announced.

“We’re excited and happy we finally got this done,” said general manager Paul Holmgren in a statement. “This has been going on for the better part of the summer. We’re happy and I’m sure Matt’s happy. He’s one of the young, core players on our team.

“Coming out of college a couple years ago, Matt was a guy who jumped right into our lineup and scored 24 goals.

“Now he plays regularly on the power play, he kills penalties, he plays 4-on-4… in short he’s a valuable part of our hockey team and it’s nice to have him under contract for the next five seasons.”

Read, 27, has spent the last two seasons with the Flyers.

In the lockout-shortened campaign, he scored 11 goals and had 24 points in 42 games.

  1. phillyphanatic77 - Sep 20, 2013 at 7:53 PM

    This is awesome news. The Flyers top-9 is essentially in place for a few years. And Read has been flying this preseason. I had said before that it’d be nice to get a 4yr $12-14 mil deal and Homer got it done. Say what you will about last season but the Flyers front office has been on point this summer. So many positives with the Flyers organization right now… just gotta get Schenn done and we’re set.

  2. puckmepuckyou - Sep 20, 2013 at 8:01 PM

    Totally agree…

  3. laxman1944 - Sep 20, 2013 at 8:33 PM

    Now……with him locked in to the deal and number is set…….more trade friendly????

    Just asking.

    • flyerspsu - Sep 21, 2013 at 1:35 AM

      probably but i don’t think the flyers are gonna trade him at this point, then again its Holmgren so you never know, IMO Read is the teams most underrated player and a 3.6 cap hit for 4 years for a player like read is great

  4. broadstreetsbaddest88 - Sep 20, 2013 at 8:55 PM

    That’s a good solid number. Considering how many different situations you can throw him in, it’s hard to find a player that can play the pp and the pk and be good at both at that price. He’s starting to become one of my favorite players on this team

  5. icelovinbrotha215 - Sep 20, 2013 at 9:16 PM

    Hmm. I hope Read gets his offensive output closer to 2011-2012. I’m not as high on him as most other Flyers’ fans so hopefully I am proven wrong. I gotta imagine that a trade(s) may happen in the near future…

    • broadstreetsbaddest88 - Sep 20, 2013 at 9:34 PM

      Yeah his rookie year was great. Last year he was real good goin on that hot streak in the beginning then got hurt and when he came back he wasn’t the same. I think more towards the end of the season he was starting to get back to form. What he’s showed in the past has me confident enough hell put up another 22-24 goal season again and I’m confident enough he can do more

    • flyerspsu - Sep 21, 2013 at 2:04 AM

      he was arguably the teams best player for the 1st month before he got hurt which supposed to take 8 weeks but instead he came back in only 2 and wasnt the same for the rest of the shortened season

      Read does everything and is more than worth his contract, and this is coming from a guy who was against Read for a large part of his rookie year but finally admitted I was wrong, he is a stud

      he is the type of the player that teams need to win in the playoffs, the flyers need more guys like this, great move by the flyers and i really hope they don’t trade him

  6. malkinrulez - Sep 20, 2013 at 10:05 PM

    I personally wouldn’t trade Read for the reasons mentioned above, plays well in all areas of the game. Not sure I like the Vinny or Streit signings but I give credit to Holmgren for rolling the dice. We’ll see how it all works out, can’t wait for the games to start counting

    • flyerspsu - Sep 21, 2013 at 1:58 AM

      it will be interesting how they work out, if you look at VInny’s stats he has surprisingly been much better than he has been given credit for in the last few years in a large part due to constant injuries, hes been about a .82 PPG player for the last 4 years, as your 2nd line center that is great, it relieves tons of pressure off Giroux and it will surely help the development of Schenn and even Simmonds, and at a 4.5 cap hit that is not bad at all, in fact pretty damn good on the open market when other teams were offering more, he also will probably become a winger in years to come when couturier, or heck even laughton, take over the #2 center spot

      we overpaid for streit, plain and simple, but we needed a guy like him that can really move the puck and he will definitely help the team for 2-3 and hopefully but not likely 4 years

      so the team definitely did get better with the signings and with all the young guys as key pieces they will surely get better as well, the cap will also raise a lot in upcoming years so the late contract years with guys like Streit and Lecavalier hopefully won’t hurt much or if at all if it goes up to about 80-83 mil by then knowing Snider will spend to the limit every year

  7. blackandorangeforlife - Sep 20, 2013 at 10:26 PM

    Doing cartwheels over this one!….Hard to believe this kid was a walk on!

    • mcphillthy - Sep 21, 2013 at 10:52 AM

      This is definitely great news. You do cart wheels and I’ll do back flips and skip around the park in my Matt Read jersey! Lol. I love this deal with Read

  8. kingsforever - Sep 21, 2013 at 12:00 AM

    Where do they keep getting money from?

    • flyerspsu - Sep 21, 2013 at 1:38 AM

      he still has a year left and with timonen at 6 mil and meszaros at 4 mil both coming off the books not mention the likely raise in cap it should be fine

    • phillyphanatic77 - Sep 21, 2013 at 12:55 PM

      He’s only making 900k this season, then,like most other GMs, Holmgren knows the cap will be rising substantially over the next few years. Teams just had to maneuver through this 64mil season then most would be fine. And as Flyerspsu says Timonen and Mez will be coming off the books (altho Kimmo might play another season).

  9. mcphillthy - Sep 21, 2013 at 10:49 AM

    Great news to start off my day! This guy is a gem and I was really worried he would be traded. Read is Mr Everywhere. He can play any situation on the ice and he plays it well. All in all this has been an excellent off season for the flyers. Every need we needed was addressed either thru signing or drafts. I am very happy with where this club is going and I’m very excited about this upcoming season. Let’s go flyers!!!!!!

  10. President Charles Logan - Sep 21, 2013 at 3:57 PM

    Read will wind up better then Schenn will ever be.

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