According to the Philadelphia Daily News:
The Flyers and Emery have come to terms on a deal that reportedly will pay him $1.5 million for 1 year. The deal can’t be signed until July 1, when free agency starts. But the team is expected to announce the deal sooner.
Update (June 10th) Per TSN:
The Philadelphia Flyers announced on Wednesday, they have agreed to terms on a one-year contract with Emery, who played with Atlant Mytischi of the Kontinental Hockey League last season.
''We are extremely excited and happy to have entered into this agreement with Ray,'' said Flyers general manager Paul Holmgren. ''We believe Ray is a good, young goalie that has a unique blend of size, competitiveness and athleticism.''
Emery, won't be able to formally sign a contract until July 1, which is the first day that free agents can sign with NHL clubs.
''I'm excited to be able to get a chance to play with a team that's a contender and I'm grateful for the opportunity that's being given,'' said Emery. ''I think I have the ability to play consistent. I'm athletic, but I try to rely on a system and make things as simple as possible.''