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The Flyers and Their ‘Insane’ Mark Streit Deal Are Stuck in Limbo

Jun 18, 2013, 8:30 AM EDT

streit

Let me see if I’ve got this story straight.

  • The Flyers have reportedly agreed in principle to a four-year contract worth $21 million with 35-year-old defenseman Mark Streit (more on that later, stay with me on this), a report which general manager Paul Holmgren denies.
  • Holmgren’s denial could have something to do with the fact that the Flyers cannot actually sign Streit to said contract until they’ve cleared some payroll because doing so would put them over the salary cap.
  • However, the club cannot exercise compliance buyouts until two days after the Stanley Cup Finals end, so they must wait until then to rid themselves of Danny Briere’s $6.5 million cap hit – and if they wish to free up Ilya Bryzgalov’s $5.67 million figure as well while they’re at it, the Flyers need to have a trade in place for another goaltender.
  • Once all of those steps are completed, the front office will have the freedom to do important things like sign certain players whose rights they recently traded for, and even extend qualifying offers to their own restricted free agents.

That’s not convoluted at all. Such is life for teams that constantly operate within a couple cents of the salary cap every year, and that cap suddenly dips 9% in one offseason – a problem that Flyers are probably further exacerbating with this Streit deal.

The main gripe here is the length. The money is the money because the reality is teams are often forced to overpay when they go about filling major needs through free agency. Streit will be 39 when his term is finally wrapping up though, and because it’s a 35-plus contract, he counts against the cap no matter what as I am sure we are all well aware.

Even three years was pushing it, but could be justified as meeting halfway – he improves the defense immediately, Kimmo Timonen coming off the books next summer pays for year two, and the third year is thank you pay. Unless Streit holds up well, the farewell tour could get ugly.

Streit has been durable, playing every regular season game in three of the last four seasons. He also has only played seven seasons logged in the NHL, so therefore doesn’t have quite the wear and tear as many players his age. His style of play is not as physical, either, which could also prolong his longevity.

Still, four years. I would have preferred they pay more than $5.25 per and get him for less time if at all possible. Harrison Mooney at Puck Daddy describes the entire package as an “incredible overpayment” and “batcrap insane.” There are no doubt many in Philadelphia who would agree.

>> Sources: Flyers agree to four-year deal with Streit [CSN]
>> For now, Flyers limited in offseason options [Courier-Post]

  1. Stan - Jun 18, 2013 at 8:37 AM

    I honestly don’t mind the four years. He’ll be 39 when the contract is up and he’s got little wear ‘n tear on him. You figure this is Timonen’s last year and we’ll need one or two veteran players on that backline. There’s going to be money for future pick-ups and I wouldn’t be suprised if both Bryz and Briere are gone before the end of Summer.

    Not a bad pick-up by Holmgren. It’s not a superstar acquisition like if they had gotten Shea Weber last year, but it makes sense and it won’t hurt the team down the line.

    Reply
    • Simmonds17 - Jun 18, 2013 at 12:21 PM

      I agree with you. The Flyers just added a skill-set they badly needed. I think people need to focus on that a little more and the deal terms a little less. I think the Flyers are aware of the cap and how they’re going to handle it going forward. The two amnestys give teams a bit of a do-over – and the Flyers are going to take advantage of them. Good.

      Reply
  2. Brett - Jun 18, 2013 at 9:28 AM

    It’s official, this deal has put me on the FIRE HOMER band wagon. Why lock ourselves up to this guy for 4 years instead of trading waiting at least until the draft to see if a trade can shake out? Worst case, we are stuck with the young guys who showed promise last year.

    Reply
    • Simmonds17 - Jun 18, 2013 at 12:23 PM

      Apparently, you think the trade and free agent markets have plenty of modestly priced, easily acquired defensemen with the skill-set the Flyers need. Instead of waiting for a miracle to “shake out,” Holmgren went out and addressed a significant need. I’m with him, not the critics.

      Reply
  3. psudrozz - Jun 18, 2013 at 9:49 AM

    pass.

    Reply
  4. willh888 - Jun 18, 2013 at 9:57 AM

    Are they going to let this guy use a taser?

    Reply
  5. Scott - Jun 18, 2013 at 10:08 AM

    …but in all seriousness, were going to let Steve Mason lead this team in net? Good grief.

    Reply

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