It's also popping up that Tampa Bay also gets a second round pick out of this deal.
The oft-injured Gagne is still a legitimate scoring threat, completely turning around that series against the Bruins, with four goals after returning in Game 4, with the winner late in Game 7. If he gets hurt, well, you only have him for one more year before you can re-sign him to a much more appropriate dollar-figure.
Andrez Meszaros and Matt Walker, on the other hand, have a combined cap hit of $5.7 million with deals that don't expire until 2013 (Meszaros in 2014).
[NHLnumbers.com]
So a rookie, rebuilding General Manager saves his team money and gets the best player in the deal? Nobody told Darryl Sutter it could be that easy.
UPDATE:
Unfortunately, it does not seem that Andrej Meszaros is part of this deal, meaning that the Flyers don't get a good return defenseman and save $1 million in cap space to
DOUBLE UPDATE:
Nope, I had it right the first time. Meszaros is a Flyer. Philly takes on more salary and downgrades.
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