Giordano Inks 5-Year Extension

The Flames continued their blueline spending ways on Friday, inking potential unrestricted free agent defenseman Marc Giordano to a new 5-year contract extension, reportedly worth $20.1 million, which works out to be a $4.02 million cap hit per season. The deal in shape and value is exactly the same to teammate Robyn Regehr, but Giordano's will last until the end of the 2016 season.

In 10 games this season, Giordano has 3 assists, which has him ranked fairly low, but the Flames have started to pick up their offense and Giordano should be in the middle of all of that.

In 2010, Giordano finished 283rd in league pool scoring with 30 points in all 82 games with the Flames, so he has some offensive value to his name.  As a puck moving defenseman with a brand new deal, he may have to improve on his 2010 numbers to make this deal seemingly worth while, but there is still lots of hockey to be played yet.

According to capgeek.com, the Flames now have the highest payroll for the 2012 season with this signing and they only have 17 players committed to the cause.  I haven't worked out any of my own number of who I would be expecting to be on the roster just yet, but I would have to assume that my list would closely reflect that of capgeek's.  It may have turned to an even bumpier Summer of movements for the Flames and we're only 10 games into their 2011 season.