Flyers

Flyers

In the end, the Flyers blinked and avoided arbitration Monday morning by overpaying Brayden Schenn with a four-year, $20.5 million contract.
 
The contract leaves the club in a precarious salary cap situation, as the Flyers have just $1.38 million in space now, according to generalfanager.com.
 
The 11th-hour settlement saw the Flyers and Schenn’s agent, Don Meehan, avoid arbitration, which was set for 9 a.m. in Toronto.
 
Meehan was seeking a deal worth $5.5 million for Schenn, who was a restricted free agent.
 
The one Schenn signed will average $5.125 million, according to a source, which still seems excessively high for the 24-year-old, who has had just one excellent season in five full years in the NHL, excluding two partial seasons with the Los Angeles Kings.
 
Schenn had his most productive year last season with career-highs in goals (26), assists (33) and points (59), while showing he could play wing on Claude Giroux’s line with Wayne Simmonds.
 
The Flyers and Schenn were more than $1 million apart going into Monday morning with no progress having been made over this past weekend.
 
Why general manager Ron Hextall didn’t risk the arbitration process remains unanswered. The contracts of some players in comparable situations favored a settlement less than what the Flyers agreed to.
 
The Flyers had offered Schenn a two-year deal that would have paid him $4.25 million this coming season and $4.369 million in 2017-18. That’s an average of $4.3 million.
 
New Jersey’s Kyle Palmieri, a 25-year-old right wing, signed a five-year deal earlier this month worth $23.25 million. His AAV is $4.65 million. That’s the figure the Flyers could have gambled on getting from an arbitrator.
 
They may have been scared away from going through with the arbitration because of the five-year, $26.5 million deal fellow RFA Jaden Schwartz signed with St. Louis earlier that carried a $5.35 million hit.
 
Hextall was not immediately available for comment.
 
TSN’s Bob McKenzie first reported the financials of the contract.