The New Jersey Devils and winger Kyle Palmieri agreed to a five-year, $23.25 million extension Thursday, according to the team.
The breakdown of the deal is as follows:
2016-17: $4,500,000
2017-18: $4,500,000
2018-19: $5,000,000
2019-20: $5,000,000
2020-21: $4,250,000
Palmieri, 25, notched a career-high 57 points in the 2015-16 season (30 goals, 27 assists), leading the Devils in points and tying Adam Henrique for the team lead in goals.
The agreement comes just two days after Palmieri, who was a restricted free agent, filed for arbitration. But the Devils always seemed keen on avoiding that process and locking him up for the long term.
"Kyle's always been at the top of the list of priorities, and I think that's a natural evolution of trying to do a contract with a Group II free agent," Devils general manager Ray Shero told Chris Ryan of NJ.com on Friday. "He has (arbitration) rights and so forth. I really looking forward to getting him under contract and I think we're moving in the right direction."
Ultimately, it was a good deal for both sides, as Andrew Gross ...
Read Full Article at Bleacher Report - NHL
Article written by Timothy Rapp
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