On Tuesday afternoon, the Philadelphia Flyers announced that they have signed young power forward James Van Riemsdyk to a new 6-year contract extension, worth $25.5 million. The deal will not kick in until the 2013 season and it will have an annual cap hit of $4.25 million per season.
Van Riemsdyk was scheduled to come out of his entry-level deal at the end of next season and now he is signed on until he is 29 years old, which should make him into an unrestricted free agent by the end of the deal.
In only his second season with the Flyers, Van Riemsdyk picked up 40 points (21 goals and 19 assists) in 75 games and I think he's poised to put together an even better season in 2012. At $4.25 million per season, the Flyers may have themselves a real bargain, especially if he can live up to that number two overall pick in 2007 status.