Josh Bailey uses career season to cash in with $30 million extension

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The New York Islanders announced on Friday that they’ve extended one of their most productive forwards.

No, not John Tavares, but rather one of his wingers, Josh Bailey, who inked a six-year deal to stay with the only NHL organization he’s known.

“Josh has become one of the core members of the New York Islanders,” said Islanders president and general manager Garth Snow in a statement. “He has developed within our system for several years and it’s exciting to see him mature into the player we always had confidence he would become. To come into the past few seasons and see Josh set new career highs each year, has been impressive and we’re excited to see him continue to do that with the organization as we move forward.”

Per TSN’s Bob McKenzie, Bailey’s deal is worth $30 million, meaning he’ll carry a $5 million cap hit through the 2023-24 season.

Bailey, 28, in the middle of career year, is third on the Islanders in scoring with 62 points and is second on the team in assists with 47. He does lead them in power play points with 28. A first-round pick in 2008, he probably could have earned a bit more on the open market if he went to unrestricted free agency this summer, but he was clearly willing to take less to stay on Long Island with his family.

This deal could have an affect on what Tavares, who can become a UFA on July 1, decides over the next few months. Bailey has been a regular linemate for the Islanders captain for the last several years and now knowing that he’s locked up until at least 2024 should be good news in the sense of some familiarity going forward. (It must also be nice for Tavares to see one of his wingers being kept after watching Matt Moulson, Thomas Vanek and Kyle Okposo leave through trades/free agency.)

There are a couple of other pending UFA and restricted free agents for Snow to deal with this summer like Brock Nelson, Calvin de Haan and Ryan Pulock, but obviously Tavares is of primary concern. This deal could go a long way to keeping the captain with the organization.

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Sean Leahy is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @Sean_Leahy.