Ryan Malone has agreed to a seven year, $31.5 million contract with the Tampa Bay Lightning.
Malone, who would have drawn considerable interest from around the NHL as an unrestricted free agent, will earn between $7 and $8 million in each of the first two years of the deal.
Tampa Bay traded a third-round draft pick in 2009 to the Penguins in exchange for the exclusive negotiating rights to forwards Ryan Malone and Gary Roberts on Saturday. On Sunday, the Lightning and Malone's camp got a deal done.
Read the entire story here.
I'll have full analysis of this contract posted tomorrow morning.