Monday, June 17, 2013

Report: Streit signed 6/17 (UPDATE)

Less than a week after dealing Shane Harper and a draft pick to the New York Islanders for the rights to Mark Streit, the Philadelphia Flyers have agreed to terms with the defenseman, according to TSN.

The Flyers, meanwhile, say there is "nothing to report" on that front.

Darren Dreger reported Streit agreed to every detail of a four-year, $21 million contract that will pay him $5.25 per season, but he can not physically sign the contract until the Flyers have enough cap space. Dave Issac of the Camden Courier-Post did a pretty good job at explaining their current cap situation in a story that went online this morning, which you can check out by clicking this link.

But Flyers general manager Paul Holmgren issued a statement later Monday: "We continue to have talks with Mark's agent. Although there is nothing to report, we remain confident that we will get something done."

If Streit is signed for that price, it would almost assuredly guarantee a couple of big roster shake-ups in Philadelphia.

With the salary cap dropping from $70.2 million to $64.3 million next season, it's difficult to imagine a scenario where the Flyers keep forward Danny Briere, who has two years left on a contract with a $6.5 million cap hit, and goaltender Ilya Bryzgalov, who has seven years left on a deal with a $5.66 million cap hit. NHL clubs can use two contract buyouts to help them comply with the lower salary cap, but that window does not open until 48 hours after the conclusion of the Stanley Cup Finals.

If Streit signs and the Flyers don't buy out or move a defenseman, they would have seven NHL-ready blueliners under contract for next season: Streit, Kimmo Timonen, Braydon Coburn, Nicklas Grossmann, Andrej Meszaros, Luke Schenn and Bruno Gervais. That list does not include Chris Pronger, who is expected to remain on long-term injured reserve, or Marc-Andre Bourdon, who has not played since Nov. 30, 2012, while recovering from his second concussion in less than a year.

Grossman has some health issues of his own, as he is recovering from a concussion that Flyers general manager Paul Holmgren has publicly said led to "vestibular issues."

Adirondack Phantoms products Erik Gustafsson, Oliver Lauridsen and Brandon Manning, who all finished 2012-13 with the Flyers, are all restricted free agents. Lauridsen and Manning are exempt from waivers, which makes them more likely to return to Adirondack if the Flyers re-sign them. But Gustafsson would not be exempt from waivers next season, according to If the Flyers bring him back and try to send him to Adirondack, he could be claimed by another NHL team.

Bourdon, who is under contract for next season, is also no longer exempt from waivers.


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