The Philadelphia Flyers made it official on Friday, signing defenseman Mark Streit to a four-year, $21 million deal, TSN’s Darren Dreger confirms.
2013-14: $5 million with $2 million signing bonus
2014-15: $6 million
2015-16: $6 million with $2 million signing bonus
2016-17: $4 million with $2 million signing bonus
Streit’s contract will be a 35+ deal, so barring a trade, the Flyers will carry his $5.25 million cap hit even if his play slips or he retires.
It’s already been a busy weekend for the Flyers, with buyouts for Danny Briere and Ilya Bryzgalov coming alongside this deal being made official and the upcoming draft. (Philly nabbed the 11th pick in the first round.)