The deal had been in the works for 2 weeks. Giroux was not officially eligible to sign an extension with the Flyers until entering the final year of his current 3-year, $11.25 million deal on July 1.
Giroux, 25, will carry a salary-cap hit of around $8.25 million per season. His salary-cap figure this season will be $3.75 million.
Under the new collective bargaining agreement, 8 years is the longest a player can be retained by a team in one deal. Giroux will be 34 when the contract expires.
In total, the deal will be the second-richest contract in the Flyers' 45-season history, falling short of Mike Richards' $69 million pact signed in 2007. Richards' contract was for 12 years.
Under the new deal, the Flyers' captain will be tied for the fifth-highest salary-cap hit in the NHL in 2014 with a nearly identical deal as Anaheim's Ryan Getzlaf. The Ducks signed Getzlaf (8 years, $66 million) and Corey Perry (8 years, $69 million) to similar contracts within weeks of each other last year.
Giroux's contract will likely include a no-movement clause, though it is not applicable until he turns 27.
Giroux apparently showed the Flyers enough in 2011-12, when he piled up 93 points, the most by a Flyer in a single season since Eric Lindros in 1999, to warrant the rich, long-term deal. He had a slight drop in points-per-game production, falling from 1.21 in 2011-12 to 0.98 in the lockout-shortened 2013 campaign (13 goals, 34 assists in 48 games).
For his career, Giroux has 290 points in 333 games with the Flyers.
Despite his 5-11, 172-pound frame, Giroux has been relatively durable for the Flyers. He has missed just five games over the past four seasons, all of which he sat out in 2011-12 due to his second career concussion. Giroux has also been a proven playoff scorer, one of only a handful of players to post better-than-point-per-game (55 points in 50 Stanley Cup playoff games) numbers since the 2004-05 work stoppage that changed the game.
The Hearst, Ontario, native is a near-lock to represent Canada in the 2014 Winter Olympics in Sochi, Russia.
The Flyers announced they are bringing back forward Adam Hall on a 1-year, $600,000 deal for next season. Hall, 32, was snapped up by the Flyers off waivers on April 3 and did not score in 11 games with the team but was a valuable checking-line contributor.
DN Members Only : Frank Seravalli explains what the Flyers still need to do this off-season.
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