Devils lock up Palmieri with five-year contract

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The New Jersey Devils announced today that they’ve re-signed forward Kyle Palmieri to a five-year contract with a cap hit of $4.65 million.

Palmieri, 25, was New Jersey’s leading scorer last season, with 30 goals and 27 assists. Devils GM Ray Shero had been hoping to get the right winger locked up to a long-term deal, so mission accomplished there. The signing also means the two sides will avoid an arbitration hearing.

Yesterday, the Devils announced they’d signed Sergey Kalinin to a one-year, $800,000 contract. Forward Reid Boucher and defenseman Reece Scarlett are now their only remaining restricted free agents.

The Palmieri signing caps off a busy spell for the Devils, who last week acquired Taylor Hall from Edmonton for Adam Larsson, then signed Ben Lovejoy and Vern Fiddler in free agency.