Posted June 18, 2013 on
AP on Fox
Defenseman Mark Streit is staying in Philadelphia
Less than a week after Streit was acquired by the Flyers in a trade with the New York Islanders, the 35-year-old defenseman agreed to a four-year $21 million contract, according to a person familiar with deal.
The person spoke on the condition of anonymity because the Flyers had not announced the move on Tuesday, a day after Canada's TSN first reported the deal had been reached.
The deal prevents Streit from entering free agency on July 5. And it proved to be a calculated gamble that paid off for the Flyers in making the trade to acquire the rights to the Islanders captain.
In exchange, Philadelphia gave up minor-league forward Shane Harper and a fourth-round pick in the 2014 draft.
Streit has 65 goals and 288 points in 491 career games. And he's coming off a solid season, in which he had six goals and 27 points to lead Islanders defensemen. He also had three goals and five points in a six-game, first-round loss to the Pittsburgh Penguins.
Following the trade to Philadelphia, Streit had expressed confidence about his chances of securing a deal with his new team.
''Maybe they need a few days or weeks, but I'm pretty positive,'' said Streit, who made $4.1 million last season. ''It'd be awesome to play for the Flyers. The future is bright. They were in the (Stanley) Cup finals three years ago and there is so much skill and a great mix between veteran players and young players.''
His addition leads to further questions regarding what the Flyers will need to do to free up salary-cap space. They had one of the NHL's most expensive payrolls last season, and were already set to have eight players scheduled to make more than $4.5 million this season.
It's a group that includes goalie Ilya Bryzgalov, who is scheduled to make $8 million.
After spending much of his career playing in his native Switzerland, Streit broke into the NHL in 2005-06 with the Montreal Canadiens. He then joined the Islanders as a free agent in 2008, when he led the team with 56 points and was named an All-Star.
BEST OF MAXIM
Mark Streit was the captain of the New York Islanders from 2011-2013 (US Presswire) On Monday evening, TSN’s Darren Dreger reported that the Philadelphia Flyers have agreed to terms with defenseman Mark Streit. His rights were acquired from the New York Islanders on June 12. Streit is a 35 and over contract, so even if [...]
Not even a week after acquiring his rights, the Philadelphia Flyers have reportedly signed veteran defenseman Mark Streit to a four-year contract, as per CBC.
Mark Streit is the latest addition to a Flyers blueline that has searched for answers since Chris Pronger left. Image Credit: Dan Nicholas
The Flyers have been desperate for blueline help after Chris Pronger’s (unofficially...
The news of Mark Streit's impending four-year, $21 million deal with the Flyers did not come as a surprise after the team acquired his rights last week from the Islanders in exchange for a 2014 fourth-round Draft choice and minor league forward Shane Harper.
Streit got his unrestricted free agent market value in terms of the $5.25 million cap hit. Like it or...
Hello Mark Streit. Au revoir Danny Briere.
One 35 year old player arrives in Philly while another 35 year old soon-to-be-will be departing soon.
Earlier Tuesday night, CSN Philly's Tim Panaccio confirmed ESPN's Pierre LeBrun's report that
the Philadelphia Flyers have indeed decided to buyout the centerman.
According to the report, Briere and Flyers GM Paul...
NHLTags: Bobby RyanIlya BryzgalovJonathan BernierPaul HolmgrenRich WinterDepending on who you believe, the Philadelphia Flyers will either be an exciting force to watch for the 2013-14 NHL season or a trainwreck waiting for the whistle to blow.
The rumors that typically circulate at this time of the year have begun gaining traction, as every...
Ilya Bryzgalov skating out for the 2012 Winter Classic, which he did not start (Getty Images) Four years, $21 million. That is the contract that Paul Holmgren and the Philadelphia Flyers signed veteran defenseman Mark Streit to. However, the deal can not be made official yet. Why? Teams currently are complying with the 2012-13 season’s [...]
The Philadelphia Flyers are buying out the final two years of forward Danny Briere's contract.
General manager Paul Holmgren confirmed the move in a statement Thursday. Briere will become an unrestricted free agent as part of the Flyers' offseason shake-up of their high-priced roster.
The move will shave $6.5 million off their salary cap. Philadelphia had one of the NHL...
Each team, under the new CBA that goes into effect next week, is allowed two amnesty buyouts of big salaries. Why not punish teams for past sins? Cap compliance, of course. The Flyers have two very large contracts that don't look very practical: those of goaltender Ilya Bryzgalov and forward Danny Briere. Briere has been informed that he will be the first of the two buyouts,...
A person familiar with discussions confirms Danny Briere is set to become a free agent after the Philadelphia Flyers informed the veteran forward they intend to buy out the final two years of his contract.
The person spoke on the condition of anonymity Wednesday because the Flyers have not announced their decision. ESPN.com first reported Briere's pending buyout Tuesday evening...
Editors’ Note: Noted Philadelphia Flyers fan John Saquella is going beyond 140 characters. The man most of you probably know from social media as @jsaquella will bring you his wide-ranging opinion and commentary on the Orange and Black in his column Putting On The Foil.
By John Saquella (@jsaquella)
Loose lips sink ships.
Unless you’re in the rumor business, in which...
Once again, the Anaheim Ducks are considering moving power forward Bobby Ryan in a blockbuster deal. And once again the Philadelphia Flyers are highly interested in acquiring the New Jersey native.CSN Philadelphia reports that the Flyers could offer steady young defenseman Braydon Coburn and the 11th overall pick in the coming NHL Draft for Ryan. That may be enough to get the deal...
This stuff is mostly rumor-based, so as we say in Michigan, please take this stuff with a full 50-pound bag of road salt:
If we are to believe the rumor mill, the Philadelphia Flyers may end up buying out Daniel Briere but not Ilya Bryzgalov...
Rich Winter, Ilya Bryzgalov's agent has been informed by Paul Holmgren that Bryzgalov will NOT be bought out after Cup Final...
With the increasing likelihood that the Flyers will buy out Ilya Bryzgalov this summer rather than giving the relationship a third season, there has been much recent speculation on candidates to either compete with Steve Mason for the starting job or serve a backup goalie capable of handling a significant chunk of playing time if Mason falters or gets hurt. There are no current international...
Unrestricted free agent Mark Streit was recently traded from the New York Islanders to the Philadelphia Flyers, allowing the Flyers to begin negotiating with him prior to the July 5th opening of NHL Free Agency. Philadelphia promptly signed the defenseman to a four-year deal. It’s a common occurrence; the Caps traded Dennis Wideman to Calgary last offseason so that Calgary could...
from Sam Carchidi of Broad Street Bull,
When Streit is officially signed, he will have a $5.25 million cap hit per season. That means the Flyers’ top six defensemen next year - Kimmo Timonen, Luke Schenn, Nick Grossmann, Braydon Coburn, Andrej Meszaros and Streit - will have a combined $26.85 million cap hit for 2013-14. That’s 41.8 percent of the team’s $64.3 million...