Tim Gleason Signs 4-Year, $16 Million Extension With Carolina Hurricanes

BOSTON - NOVEMBER 26: Tim Gleason #6 of the Carolina Hurricanes takes the puck in the first period against the Boston Bruins on November 26 2010 at the TD Garden in Boston Massachusetts. (Photo by Elsa/Getty Images)

Tim Gleason isn't going anywhere. The rumored trade target has signed a four-year, $16 million contract extension with the Carolina Hurricanes.

One of the expected prizes of the 2012 NHL Trade Deadline is off the market.

Defenseman Tim Gleason has resigned with the Carolina Hurricanes, a four-year deal worth $16 million, as announced by the team. Gleason has been rumored as a potential trade target for months as the Hurricanes have fallen out of playoff contention, but that seems to be gone now.

General manager Jim Rutherford praised Gleason as a vital cog on the Carolina blueline.

"We thank Tim for choosing to stay with the Hurricanes long term," said Rutherford in a team press release. "He is one of our core players, someone who brings character and leadership to our locker room, along with being a key piece on the ice. This is a very important signing for our team going forward."

Bob McKenzie of TSN reports that Gleason's deal comes with a full no-trade clause in its first two years. The extension goes into effect on July 1. Gleason will earn $3.5 million in the first year, $4.5 million in 2013-14 and 2014-15, and $3.5 million in the final year, 2015-16. The deal hits the cap at an average annual value of $4 million per season.

For more Carolina and the signing of Tim Gleason, check in with Hurricanes blog Canes Country.

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