clock menu more-arrow no yes

Filed under:

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

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

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.