NHL free agency: Erik Gustafsson agrees to contract extension with Flyers

USA TODAY Sports

The Philadelphia Flyers have signed restricted free agent Erik Gustafsson to a one-year contract extension.

The Philadelphia Flyers have come to terms on a contract extension with restricted free agent defenseman Erik Gustafsson, according to Anthony SanFilippo of Flyers Inside Out on Tuesday afternoon.

SanFilippo reports that the two-sides have agreed to a one-year contract worth $1 million. The 24-year-old defenseman will be a restricted free agent next offseason. Gustafsson completed the final-year of his three-year entry-level contract in 2013, which carried an annual average value of $900,000 against the salary cap at the NHL level.

Gustafsson's new contract is a one-way deal.

In 27 games with the Flyers in 2013, Gustafsson registered eight points (three goals and five assists) and averaged 20:09 of ice time. Gustafsson is expected to compete for a third-pairing role with Philadelphia next season. Of course, the Flyers defense is believed to still be a work in progress, as the club is looking to shed salary cap commitments and has six defensemen who carry annual average salaries in excess of $3.5 million. This has led to speculation that the team will look to move at least one of those players, with Braydon Coburn appearing most frequently in trade rumors.

The team's decision will likely impact the extent of Gustafsson's opportunity in 2013-14.

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