The Philadelphia Flyers avoided a third-party ruling with Brayden Schenn, signing the breakout performer to a four-year contract extension worth a reported $20.5-million, according to TSN's Bob McKenzie.
Schenn's $5.125-million average annual hit is reasonable value for a 25-goal, near-60-point scorer on an upward trajectory, but Flyers general manager Ron Hextall did make concessions with this deal. Schenn was apparently asking for $5.5 million in arbitration, whereas Philadelphia had countered with roughly $4.3 million.
The contract was agreed upon moments before the scheduled arbitration hearing.
Schenn, 24, hit career highs across the board last year, emerging as a first-line scoring threat. He played the last three-and-a-half months of the season as a point-per-game contributor, totaling 44 points in 44 games to lead all Flyers.
Philadelphia will have plenty of cap room to sign its last remaining restricted free agent, defenseman Brandon Manning.