The Canes signed their alternate captain to a four-year extension Monday that will pay the defenseman $16 million over the course of the contract. The deal will pay Gleason $3.5 million a season in the first and last year of the deal, and $4.5 million in each of the remaining years. Under the current collective bargaining agreement, his cap hit would be $4 million each season.
The move takes Gleason, who is in his sixth season in Raleigh, off the list of trade deadline possibilities. Furthermore, TSN's Bob McKenzie reports, via Twitter, that Gleason's deal has a full no-trade clause for the first two seasons of the new contract.
The release from the Hurricanes is after the jump.
HURRICANES SIGN TIM GLEASON TO FOUR-YEAR EXTENSION
Defenseman signed to remain a Hurricane through the 2015-16 season
RALEIGH, NC – Jim Rutherford, President and General Manager of the National Hockey League’s Carolina Hurricanes, today announced that the team has signed defenseman Tim Gleason to a four-year contract extension. The deal will pay Gleason $3.5 million in 2012-13, $4.5 million in 2013-14 and 2014-15 and $3.5 million in 2015-16.
"We thank Tim for choosing to stay with the Hurricanes long term," said Rutherford. "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."
Gleason, 29, is in his eighth NHL season and sixth with the Hurricanes, and currently leads all Hurricanes defensemen in hits (87), plus/minus (+2) and total minutes played (1,063). He ranks second among Carolina blueliners in assists (13) and penalty minutes (44), and third in points (14), skating in all 51 games for the team this season.
Originally acquired from the Los Angeles Kings along with Eric Belanger in exchange for Oleg Tverdovsky and Jack Johnson, Gleason has totaled 86 points (13g, 73a) and 416 penalty minutes in 401 games with the Hurricanes. The Clawson, MI, native has led Carolina defensemen in hits each of the past four seasons (2007-08 to 2010-11), ranking fifth among NHL defensemen in hits last season. A first-round selection (23rd overall) of the Ottawa Senators in the 2001 NHL Entry Draft, Gleason (6’0", 217 lbs.) played his 500th NHL game on Nov. 27 at Ottawa, and has totaled 15 goals, 99 assists (114 points) and 514 penalty minutes in 526 career NHL games with Los Angeles and Carolina.