Nielsen remains an Islander.

The NY Islanders have re-signed forward Frans Nielsen to a four-year, $11 million contract extension, effective 2012-13. Nielsen will earn $2.0 million in the first year of the contract, followed by $2.5 million, $3.0 million, and $3.5 million, with an  average cap hit of $2.75 million.

SPECTOR’S NOTE: I’ve noted several times when Nielsen’s name came up in trade rumors not to underestimate the Isles ability to re-sign their key players. Once again, they’ve kept another in the fold. It’s a significant raise for Nielsen, but he’s earned it with his play.