Bruins sign Krug to four-year, $21 million extension

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The logical follow-up to Dennis Seidenberg’s buyout was an extension for Torey Krug and, reportedly, Boston has made the move.

Per former TSN analyst Aaron Ward, Krug has signed a four-year, $21 million extension with the B’s, one that will carry a $5.25M average annual cap hit.

UPDATE: B’s make it official.

Krug, who was an RFA coming off a one-year, $3.4 million deal, finished 20th among NHL defensemen last year with 44 points in 81 games, and his 40 assists put him ninth among all blueliners. He was also a key part of Boston’s seventh-ranked power play.

This is a significant extension for Boston. Krug — who turned 25 in April — is a big piece of the B’s blueline moving forward, and had to be paid accordingly. It’s part of the reason why Seidenberg was bought out earlier this morning, as the near $3 million in cap relief will be of benefit to a team that will likely end up close to the ceiling.

The B’s have $17.6 million in cap space still available, but only 16 players under contract for next season…with some significant holes to fill.

As for Krug — with today’s deal, he becomes Boston’s second highest-paid blueliner, behind Zdeno Chara, and the club’s fifth most expensive player (behind Patrice Bergeron, David Krejci, Tuukka Rask and Chara).

Of course, the latter will likely change when Brad Marchand, heading into the last of a deal that pays $4.5M annually, gets his new contract next season.