The Philadelphia Flyers today announced the signing of winger Matt Read to a four-year, $14.5 million contract extension, effective 2014-15.
SPECTOR’S NOTE: That works out to an average cap hit of $3.625 million per season for Read, who’s entering the final year of his entry-level contract earning $900K per season. It’s a significant raise for a player entering his third season who was the subject of trade speculation this summer, but also an indication of the faith Flyers management have in the 27-year-old winger.
Read netted 24 goals and 47 points in his debut two years ago, and 11 goals and 24 points in 42 games last season, though that decline can be blamed on injuries and the lockout-shortened season. His versatility also makes him invaluable, as he can play every forward position. He’s unafraid to drive to the net for scoring chances and is a good tw0-way player.
The Flyers obviously consider him part of the young core of forwards upon which their playoff hopes rest. If he averages over 20 goals and 45 points per season during the course of this new contract, it’ll be money well invested.