Earlier today, we passed along reports that the Calgary Flames signed Curtis Glencross to a multi-year deal. The terms have now been revealed: the Flames re-signed him to a four-year, $10.2 million deal.
That works out to a cap hit of $2.55 million per season, a considerable upgrade from his last contract of $1.2 million per year. If the salary cap is indeed $62.2 million, the Flames will have about $6.35 million in cap space going into the summer. Calgary currently has about $55.85 million devoted to 17 players, based on previous marks from CapGeek.com.
While the 2010-11 season was a career year for Glencross with 43 total points, that career-high only bests his second highest mark by three points. The thing that made Glencross seem like a big potential loss was his red-hot finish, though. He scored 24 of his 43 points (and 12 of his 24 goals) in the 31 games following the All-Star Break as the Flames rode a hot post-Darryl Sutter run just a few strides short of a playoff berth.
The signing gives credibility to the idea that Jay Feaster will remove “interim” from his title and become a full-fledged general manager for the Flames. The team won’t have much cap space to work with this summer, so they’ll need a focused plan.
Feaster hasn’t always been very savvy with contract negotiations – the bloated contracts he signed Dan Boyle and Brad Richards to ultimately forced the Tampa Bay Lightning to part ways with both key chips – but he does have a Stanley Cup on his resume. With those factors in mind, it will be intriguing to see how well he handles tough calls, such as whether or not he’ll attempt to re-sign bargain veterans Alex Tanguay and Brendan Morrison.
Feaster and the Flames won’t have to deal with the tough task of re-signing Glencross in July, though, after all.