Flyers sign Read to four-year, $14.5 million contract extension

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The Philadelphia Flyers have signed forward Matt Read to a contract extension.

It’s a four-year extension worth $14.5 million, with an annual average salary of $3.625 million, beginning in the 2014-15 season, the Flyers announced.

“We’re excited and happy we finally got this done,” said general manager Paul Holmgren in a statement. “This has been going on for the better part of the summer. We’re happy and I’m sure Matt’s happy. He’s one of the young, core players on our team.

“Coming out of college a couple years ago, Matt was a guy who jumped right into our lineup and scored 24 goals.

“Now he plays regularly on the power play, he kills penalties, he plays 4-on-4… in short he’s a valuable part of our hockey team and it’s nice to have him under contract for the next five seasons.”

Read, 27, has spent the last two seasons with the Flyers.

In the lockout-shortened campaign, he scored 11 goals and had 24 points in 42 games.