Flyers forward, Matt Read, has signed a 4-year contract extension worth $14.5 million, or approximately $3.625 million a year. Read’s extension will start next season after this year, the last in his entry-level contract worth $900,000.
Holmgren said he is “excited and happy we finally got this done” after having many concerns with the Flyers’ salary cap. Read would have become a free agent after this season which could have been a difficult spot for the Flyers. With the signed extension, they can manage the salary cap and will not have to compete with other teams bidding for Read.
Read has proven his value to the Flyers the past two years scoring 35 goals and 36 assists in 121 career games. He led all NHL rookies in 2011-2012 with 24 goals and 23 assists in 79 games, his 47 points ranking fourth among all NHL rookies. He also represented the Flyers in the 2012 NHL All-Star Skills Competition. Before coming to the Flyers, Read played four-years at Bemidji State University and played 11 games after his senior year with the Flyers’ AHL affiliate, the Phantoms.
Read said he is “very happy and pretty relieved” to get a second contract with the Flyers and fulfill his dream of playing in the NHL with a great organization. I am happy to see the Flyers investing in some young talent that will hopefully become strong leaders for the team in a couple years. Hopefully Read can improve upon his 11 goals and 13 assists in 42 games last season with his versatility and strength on the ice.