Terms of the deal were not disclosed, but TSN of Canada reported it to be a six-year pact worth around $4 million per season late Wednesday night. In addition, CSNPhilly's Tim Panaccio reported the average annual value was $3.84 million for the duration.
"We are pleased to announce that we have agreed to a multi-year extension with Wayne Simmonds," Flyers General Manager Paul Holmgren said on Thursday. "Wayne plays the game with courage and honor and we believe he will continue to be a very good winger for our organization."
Simmonds scored a career-high 28 goals, including 11 on the power play, and totaled a career-best 49 points over 82 games during his first year with the Flyers. He joined the team on June 23, 2011 along with Brayden Schenn from the Los Angeles Kings in exchange for Mike Richards.
In four seasons with the Kings and Flyers, the Scarborough, Ontario native has recorded 67 goals and 142 points in 322 games. He was slated to become a restricted free agent following the upcoming season.
"I'm extremely happy to have this deal in place," Simmonds added. "We're going to have a good team in Philly for a long time and I just wanted to be able to be a part of hopefully bringing a championship back to the Philly faithful."
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