I was expecting Chris Pronger to sign an extension with the Flyers, but all I can say about the length of this contract for a guy who will be 35 once this seasons starts is WOW!
According to Sportsnet:
The agent for Chris Pronger told Sportsnet that his client has signed a seven-year contract extension that will likely see the defenceman finish his career in Philadelphia.
The confirmation will come down later Tuesday.
The extension is front-loaded to lower the salary cap hit, and is rumoured to be worth $35 million, or five million per season. The deal also includes a no-movement clause.
Update 7/8: There have been plenty of rumors floating around the internet that if Pronger were to retire towards the end of the contract that the remaining part of his salary would come off the Flyers' books. This is not the case. That only happens when a player signs the contract before they turn 35 (like the way Naslund did & now his contract his off the Rangers 09-10 cap), but Pronger's contract is an extenstion that doesn't kick in until next June when Pronger is already 35.
Elliotte Friedman of HNIC and co-hosting Fan590 morning show this week contacted Bill Daly this morning. Daly said even if Pronger retires before his contract expires, his cap figure will remain on the books for the Flyers.