Streit Signs Lucrative Deal With Philly; Islanders Come Out Winners

Apr 25, 2013; Philadelphia, PA, USA; New York Islanders defenseman Mark Streit (2) clears the puck away in front of goalie Kevin Poulin (60) against the Philadelphia Flyers during the second period at the Wells Fargo Center. Mandatory Credit: Eric Hartline-USA TODAY Sports

NEW YORK, NY–This afternoon, Islanders’ fans rejoiced as the indefensible occurred. The Philadelphia Flyers have agreed on a deal with Mark Streit a four-year, $21M contract, complete with a no-trade clause. The deal has not been signed will not be signed until the Philadelphia Flyers, currently over the salary cap, attempt to make room for the hefty deal, but again, Streit and the Flyers have agreed to terms.

The news shouldn’t come as any surprise except for Flyers fans. Garth Snow’s proposal – a three-year deal with an AAV cap hit of $4.75M – was declined by declined by Mark Streit, resulting his rights sent to Philadelphia in exchange for a 4th round pick and 24-year-old prospect, Shane Harper.  The probability of Shane Harper, a restricted free agent, being retained by the Islanders is slim-to-none, but the acquisition of a 4th-round pick still makes Garth Snow look quite savvy.

Apr 20, 2013; Winnipeg, Manitoba, CAN; New York Islanders defense Mark Streit (2) during pre game warm up prior to the game against the Winnipeg Jets at the MTS Center. Mandatory Credit: Bruce Fedyck-USA TODAY Sports

On the one hand, Snow gave Streit the best offer available for his team. And after initial reports stated that the Islanders and their former captain disagreed on the length of the offer (Garth put two years on the table, while Streit reportedly wanted three), the Isles GM tacked on a third year with the intention of keeping the agin defender on the Island. But then Streit spurned the Islanders, and Garth Snow received something for nothing in his deal with Philadelphia.

It’s not that I hated Mark Streit on Long Island. I had the utmost respect for the Islanders’ ex-captain, but here’s the thing: Mark Streit, regardless of his offensive numbers, is on the decline.

Honestly, the Mark Streit deal is atrocious from a Philly perspective. If Garth Snow loved Mark Streit as much as Paul Holmgren apparently does, the Islanders would find themselves in a world of trouble. Not only would the fans be at his throat, yet again, but also a four-year deal would basically guarantee the Islanders trouble with the salary cap in the near future. KEY POINT and kudos to Snow for thinking ahead.

Ha. You laugh now. What happens when the Islanders decide they want to sign Matt Donovan, Andrey Pedan, Scott Mayfield, and Griffin Reinhart to long-term deals? Would you be happy if the Islanders, who have done a very good job locking up their players on affordable long-term deals (see Kyle Okposo and Michael Grabner), had to let one Brock Nelson, or Ryan Strome, or Nino Niederreiter walk, all because an elder Mark Streit was counting $5.25M against the salary cap in 2016?

At 35-years-old, Mark Streit would do no favors, a la Chris Drury several years back for the Rangers. No. At 35-years old, even if he retires early, Mark Streit would continue to count against the salary cap. Ouch. Good for Mark Streit, and not so good for the Philadelphia Flyers, who have tumbled around cap hell for years.

It’s not that I hated Mark Streit on Long Island. I had the utmost respect for the Islanders’ ex-captain, but here’s the thing: Mark Streit, regardless of his offensive numbers, is on the decline. He is no longer a top-four defenseman (at least not in his own zone), yet he will be paid as if he’s a top-two, stunting his own team’s ability to make the transactions needed to take the next step.

We know what Mark Streit has to offer. Sure, he may score a few goals on the Islanders over the next four years. He may even push the Flyers over the Islanders on a few occasions. None of this is going to make me think twice about letting Streit go, especially after what might ensue….FOUR YEARS OF STREIT AND BRUNO!

After all is said and done, though, I am happy for Mark Streit. That is the last you will ever hear that from me. He’s a Flyer now, and the Islanders are better off.

-CT

Topics: Garth Snow, HOCKEY, Islanders, Mark Streit, NHL, Philadelphia Flyers

Want more from Eyes On Isles?  
Subscribe to FanSided Daily for your morning fix. Enter your email and stay in the know.
  • Andy Graziano

    Outstanding view Chris. Well done.

    • Chris Triantafilis

      Appreciated!

  • Paul Balinski

    Very well done & great article, Chris. Go Isles!

    • Chris Triantafilis

      Much appreciated! Let’s go Islanders!

  • Rich Diaz

    Absolutely brilliant.

    • Chris Triantafilis

      Thanks!

  • FitzWilly

    Nice article
    2 thumbs up for G Snow
    GOOOOOOOOOOOOO ISLES

    • Chris Triantafilis

      Thanks! Garth continues to make minor moves in the best interest of the team’s long-term future.

  • Ken Meoni

    And when Snow traded a second round pick for a goalie that didn’t play? Was that savvy? It’s good that they traded the rights of Streit, but Snow has made some not so savvy moves. How about picking up players that play to get to the league min.? Instead of using cast offs from other team, how about using the guys we have in the AHL, namely Niederreiter.

    • Chris Triantafilis

      If you’re aware of the situation that has occurred on the Island before the new arena deal, I think it’s understandable as to why Wang wasn’t spending money. Also, salary does not always equal value. John Tavares, Michael Grabner and Kyle Okposo would have made more money on the open market, but took cheaper deals with the Isles….Expect the same with Travis Hamonic. Look at AMac’s deal as well. Brad Boyes scored 35 points for 1 million bucks…Solid NHL players, on EXTREMELY affordable deals…what’s the difference? Isles will spend, but not if it means they’re going to be stuck with a player down the line that prevents them from signing their younger guys to long-term deals, like Streit would have if he was signed to this ridiculous contract.

      The Thomas deal WAS savvy. It gave the Isles, who were at the cap floor before the deal, the flexibility to deal Mark Streit at the deadline if needed. They didn’t deal Streit because they were in the playoff hunt. And anyways, the Tim Thomas deal is a moot point. In fact, the trade NEVER even happened. It was a nothing for nothing deal. The Isles gave up nothing because they received nothing.

      You want to pick up players who play, sure, but who was coming here? Did you want the Islanders to sign Scott Gomez over the summer? Or claim Tim Connolly off of waivers? The Islanders made the playoffs. They’re doing something right.

      Again, you want to make you case about castoffs. Those castoffs took the Isles to their first playoff berth since 2007. I think it’s safe to say that it’s time to trust the guys in charge. There is a plan.

      It would make ZERO sense to spend money for the sake of spending, i.e. Florida two summers ago…now, there are not enough amnesty buyouts for Florida to use…

      • Ken Meoni

        They didn’t give up a second round pick for Thomas? That’s news to me. I have been an Islander fan for a lot of years. I have seen it all as other fans have. Millbury with his nonsense trades, etc. Any team that has trouble hitting the league min. is not a team going for it. As I see it, this team has had one real good GM in it’s history. He gave us the last team to really contend for the cup right before he left, only to have an ex-Ranger come in and destroy it. Remember that? I am not saying we should spend money just to spend it. I really feel that we need to let the kids play and not pick up bodies/rejects from other teams. There is a reason other teams released them, because the other teams had better players then them. That in itself tells you something, either we don’t have better players or we won’t give them a chance to play in the NHL.

        • Chris Triantafilis

          Yep. The pick was only gone if Thomas played, and he didn’t. And granted, again, I agree with you….BUT salary doesn’t equal team’s ability. Nashville is usually a contender with a lesser salary. Ottawa had less on ice payroll than the Islanders did, and they advanced this postseason. If there isn’t anybody to spend on, you don’t spend. The Islanders WILL spend, but it will be on their homegrown guys, along with a few pieces to help out.

          The kids will play this season, no worries. The Islanders made out pretty well with a few of their pickups, though. Sometimes, teams just make mistakes. Pittsburgh would have been better served with Strait on the roster. Florida’s kicking themselves about Grabner. Los Angeles had no choice, but to waive Hickey.

          Islanders DIDN’T have better players than the guys available. That’s why they picked them up. They made the team better. There will be no need for that when the kids get up here, but most of them haven’t gotten to Bridgeport yet.

          I see where you’re going with this, though. Fair points, but let’s face it. The Isles would have been much worse off without their pickups…agreed….but those pickups made them better, and that was the purpose.

  • Ken Meoni

    I really think Wang needs to sell the team to the Nets owner. I am sick of the penny pitching.

TEAMFeed More Islanders news from the Fansided Network

Hot on the Web From golf.com