The NHL’s official New Year’s Day does not fall until July 5th. Flyers GM Paul Holmgren is, clearly, an impatient man.

Having acquired Islanders defensman Mark Streit last week, the Philadelphia Flyers and the Isles captain have agreed on a four-year, $21 million deal. According to TSN’s Daren Dreger, the contract averages $5.25 million per season. Philadelphia acquired Streit’s rights from New York in exchange for prospect Shane Harper and a 4th round pick.

The deal will not become official until the Flyers solve their cap problems. According to TSN, Philadelphia will exercise two buyouts on goaltender Ilya Bryzgalov and forward Danny Briere.

Last year, Streit notched 27 points for the Islanders. He scored the second-most goals for New York behind John Tavares. At 35, Streit will provide strong leadership and a potent punch from the blue line. Streit will fit in well in the Flyers’ top four; slotting beside either Rusty Fedotenko or Kimmo Timonen. While many will criticize the Flyers for “overpaying,” the dry market dictated terms for the deal.

Don’t look now, but Philadelphia may have just inked their path back into the playoffs by going down this Streit.

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