Isles sign Bailey — five years, $16.5 million


Josh Bailey has agreed to terms on a five-year deal with the New York Islanders, the club announced today.

Bailey had 11 goals and eight assists in 38 games this past season. The 23-year-old forward had filed for arbitration, but obviously a hearing won’t be needed now.

Per ESPN’s Katie Strang, the contract is worth $16.5 million, garnering a cap hit of $3.3 million.

“Josh has become an important member of the young core of the players we have in our dressing room,” Islanders general manager Garth Snow said in a release. “We’re excited to come to terms with him on a deal that will ensure he is a member of this team as we solidify ourselves as consistent playoff contenders.”

Bailey was originally drafted ninth overall by the Isles in 2008.