From Matt Gelb of the Philadelphia Inquirer:
The Flyers did just that yesterday by signing the 24-year-old Lupul to a four-year extension, worth $17 million through the 2012-13 season.
Lupul will make $2.3 million this coming season. The extension has no effect on this year's cap, which the Flyers have nearly reached.
"The Flyers have put a big commitment in me and a lot of other young guys who have been locked up for years to come," Lupul said in a statement. "The way that we can kind of all continue to play and develop these relationships on and off the ice, it is pretty exciting."
Read the entire article here.
Lupul's average salary over the course of the extension will $4.25 million per season. The Edmonton native should become a consistent 30 goal scorer in Philly, so this contract seems like a pretty reasonable one for both sides.