By Bob Herpen and David Walter
The Phanatic Magazine
The Philadelphia Flyers rewarded forward Mike Richards with a mammoth 12-year contract extension on Thursday.
According to the Philadelphia Inquirer, the deal is worth in excess of $68 million, with an annual salary-cap hit of $5.7 million.
"I am very happy to be a part of the organization for hopefully the rest of my career," said Richards. "It's just exciting to be a part of something that has such a great tradition and history as the Philadelphia Flyers."
The 22-year-old leads the team in goals (14), assists (20) and points (34), and was set to be a Group II free agent at the end of this season.
"Mike has become an integral part of our core group and we are extremely happy to have him under contract long term," said general manager Paul Holmgren. "We believe that he will continue to grow as a player and as a leader."
Richards, one of the club's alternate captains, has picked up 35 goals and 100 points in 166 games in two-plus seasons with Philadelphia.
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