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About 1 hour ago, TSN’s hockey insider Darren Dregger reported that the Philadelphia Flyers have agreed to terms with newly acquired defenseman, Marc Streit. Shortly after, new broke that the deal will be 4 years, $21 million, with an AAV of $5.25 million per year.
Streit’s deal comes with a limited no-trade clause. This means Streit would have to give the Flyers a list of teams he would be willing to be moved to. Another nuance of Striet’s deal is that it is a 35+ deal. This means if Streit decides to stop playing hockey, his contract still counts against the cap (see Tim Thomas).
This deal cannot officially announced by the league until the Flyers have enough cap room, making it almost certain both Ilya Bryzgalov and Danny Briere will be bought out. This will allow for almost $12.2 million in cap space, plenty of room for this deal as well as a contract extension for Claude Giroux (https://khandyman.com/2013/06/14/philadelphia-flyers-start-contract-talks-with-star-claude-giroux/).
Stay tuned for upcoming updates from our Flyers staff regarding the 2013 NHL Draft, buyouts, and the latest offseason news.