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Wayne Simmonds signs two-year, $3.5 million contract

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Paul Holmgren kept saying that the Flyers and restricted free agent Wayne Simmonds were close to a new contract. He kept implying that we shouldn't worry, despite the fact that it's been just shy of two weeks since he was acquired from the Los Angeles Kings in the Mike Richards trade.

Today, the team backed it up, announcing that they've signed Simmonds to a multi-year contract extension. The team was the first to break the news, and they don't announce financial details (which totally sucks -- they could take a lesson from Pittsburgh in this department), so we don't know the term or the money involved. That's a big part of the news, obviously.

UPDATE: Tim Panaccio reports it's a two-year deal worth $1.75 million against the cap. That puts the Flyers total cap space, with 13 forwards (including Ian Laperriere), seven defensemen and two goalies on the roster, at $1,527,738 according to CapGeek.com's Cap Calculator. That's provided the $1.8 million cap hit for Max Talbot stands.

It's an important signing for the Flyers. If you look at the roster, it contains 13 forwards at present now that Simmonds is officially in the fold. That includes Lappy, so you can take him off, plus they'll likely add an actual 13th forward like Tom Sestito or Zac Rinaldo or perhaps a more skilled Phantom, providing Brayden Schenn makes the team out of training camp as Holmgren and everybody else expects. 

Hell, the Flyers could easily add the 13th forward and still be under the cap with Laperriere on the roster. Might not even have to use the LTIR cushion to start this year after all.