By Nick Tricome
UPDATE #2: It's official, Giroux signed to the eight-year contract extension.
#Flyers officially confirm Claude Giroux has signed an 8-year contract extension. #NHL
— Anthony SanFilippo (@AnthonySan37) July 5, 2013
Here is the press release statement by GM Paul Holmgren concerning Giroux's deal.
“We are pleased to announce that we have agreed to an eight-year contract extension with Claude Giroux,” Holmgren said. “Claude is a high-quality young man that over the past few years has blossomed into our best player and also one of the top players in the league. We look forward to more and better things to come from Claude over the next number of years as we try to achieve our goal of becoming a championship team.”
UPDATE: Giroux's contract extension has been finalized, according to ESPN's Pierre LeBrun. He will sign an 8-year, $66.2 million deal that has a full no-movement clause.
Giroux's annual cap hit will be $8.275 million starting in the 2014-15 season.
An update on Giroux deal I tweeted about earlier today... It's finalized now: 8 years, $66.2 M _ $8.275 M AAV. Includes full NMC
— Pierre LeBrun (@Real_ESPNLeBrun) July 5, 2013
Claude Giroux is going to be a rich man in a couple days.
ESPN's Pierre LeBrun tweeted that the Flyers are close to reaching an eight-year deal with their captain that will be worth over $8 million per year.
Hearing that Claude Giroux and the Flyers are close to agreeing to an 8-yr deal worth north of $8 M a year...
— Pierre LeBrun (@Real_ESPNLeBrun) July 4, 2013
TSN's Darren Dreger tweeted more details a few minutes later, reporting that Giroux will receive close to $8.3 million per year and that the deal will be announced by the weekend.
@Real_ESPNLeBrun. Just ironing out a few wrinkles and it will be announced within a day or 2. Sources suggest closer to $8.3 per.Giroux's potential contract extension will put his salary within the range of players like Ryan Getzlaf (8 years, $66 million) and Corey Perry (8 years, 69 million) of the Anaheim Ducks, who signed contract extensions with Anaheim towards the end of the season.
— Darren Dreger (@DarrenDreger) July 4, 2013
No exact cap hit for Giroux's deal is known yet, but Getzlaf has an $8.25 million cap hit and Perry's is 8.625 million if that is anything to go off of.
The contract extension comes as no real surprise, as fans and media alike expected Giroux to get a maxed out deal even before he was named captain at the beginning of 2013.
Giroux was set to become a restricted free agent after this upcoming season, but it looks like that won't be a reason to worry anymore. With that said, improving the rest of the team the will be.
The Flyers don't have a lot of money to spend this offseason before exceeding the $64.3 million salary cap. Luckily, the deal won't go into effect until the 2014-15 season.
So, with free agency opening Friday, GM Paul Holmgren will have some room to move when he will likely try to strengthen the Flyers' defense as much as possible. He will also be trying to find another goalie to go with Steve Mason (already being worked on, apparently).
Giroux's contract is a big one, but no one can say that he didn't do anything to deserve it, as he has had a big impact on the Flyers over the past four seasons.
In the 2009-10 season, his first full year in the NHL, Giroux scored 16 goals and 31 assists for 47 points. He was great in the playoffs that season, scoring 10 goals and 11 assists, which included a memorable overtime winner in game three of the Stanley Cup Final. He only got better from there.
Giroux recorded 76 points in the 2010-11 season, then 93 in the 2011-12 campaign.
In the 2012 Stanley Cup Playoffs Giroux was one of the best players on the ice, giving a performance that established him as the next Flyers captain. He scored eight goals in the postseason, matching former teammate Danny Briere for most playoff goals up until the Stanley Cup Final. A hat-trick in game two of the quarter finals against Pittsburgh and the first goal of game six in that same series are the most noteworthy of those goals.
Despite missing the playoffs this past season, Giroux still scored 13 goals and 35 assists for 48 points in the lockout shortened 48-game season, averaging a point per game.
The contract extension, if reports of this deal are true, will last Giroux, 25, until he is 33.
(Image from Rant Sports)