The Islanders announced they signed Josh Bailey to a six-year extension on Friday with free agency looming.
Bailey's contract will likely have an average annual value of approximately $5 million per season, TSN's Bob McKenzie reported on Thursday.
The 28-year-old Bailey, who will remain with New York through the 2023-24 season, has 15 goals and 47 assists in 58 games this season.
"Josh has become one of the core members of the New York Islanders," Islanders president and GM Garth Snow said in a statement. "He has developed within our system for several years and it's exciting to see him mature into the player we always had confidence he would become. To come into the past few seasons and see Josh set new career highs each year, has been impressive and we're excited to see him continue to do that with the organization as we move forward."
During his 10-year-career with the Islanders, he has tallied 121 goals and 247 assists.
Bailey is earning $4 million this season in the final year of a five-year, $16.5 million deal.
Andrew Battifarano, SNY.tv: Feb. 22 -
Going into an offseason of uncertainty, this at least gives the Islanders a little bit of clarity on the top line.
Bailey is in the midst of a career-year and is still on pace to finish at over a point-per-game pace. Much-maligned early in his career for not being a big enough factor on the offensive end, Bailey has really solidified himself as a bonafide winger next to John Tavares, earning himself a trip to this year's All-Star Game.
At an AAV of $5 million, this deal has all the makings of a team-friendly contract and a bit of a hometown discount. It's a manageable contract that keeps the hard-working Bailey around a little longer.
As McKenzie notes, this could be another positive piece of news for the Islanders in regard to their pursuit of keeping Tavares around. Having a familiar face on the wing that he's played well with definitely doesn't seem to hurt the cause.