Matt Read Signs Multi-Year Extension
The Philadelphia Flyers announced that Matt Read has signed a multi-year contract extension believed to be a four years in length totaling $14.5 million. The annual average value (AAV) stands at a shade over $3.6 million per season.
"We're excited and happy we finally got this done," GM Paul Holmgren said in an interview with Flyers Insider Anthony SanFilippo, adding the contract negotiations had been ongoing throughout the summer.
"Proud to say I can wear the orange and black for another 4 years," Read tweeted quickly after the announcement. "What a great organization with the best fans in the league."
Read joined the Flyers as an undrafted free agent from Bemidji State University and cracked the lineup in 2011. He scored 24 goals in his rookie season, following it up with 11 goals in a lockout—and injury-shortened—2013 season.
Over a full season, that would easily eclipse the 20 goal plateau.
"[Read]'s one of the young, core players on our team," Holmgren continued in the article. "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."
The 27-year-old Read has seen time throughout the lineup in many different roles throughout two seasons with the Flyers, including playing alongside top center Claude Giroux. This contract will lead Read into his prime years as a hockey player.
After this season, Read was slated to become an unrestricted free agent. Now he will be under Flyers control until the end of the 2017-18 season. His current cap hit of $900,000 will only last until the end of this season until the new one will take effect.
Read joins a laundry list of current Flyers under contract for the near future. Holmgren has his players locked up, and in good position to challenge for the dangerous, parity-ridden Metropolitan Division.