What's buzzing:

Puck Daddy

New Jersey re-signs career Devil Patrik Elias; three years, $16.5 million

Harrison Mooney
Puck Daddy

View photo

.
The New Jersey Devils have re-signed Patrik Elias.

The Devils' forward, who has been with the organization for 17 years, can now hit two decades with the club after agreeing to a three-year, $16.5 million pact.

The cap hit on the deal is $5.5 million per season.

"To Lou, all my teammates and Devils fans, I'm excited to sign a new contract and be back with New Jersey," said Elias in a statement. "This year marks my 17th year with the Devils and its very special to be a member of one organization for my entire career. We've shared some great moments together and I look forward to working with everyone to create new ones. Go Devils!"

Elias had 14 goals and 22 assists while playing all 48 games for New Jersey last season, so there's no doubt he can still produce at 37 years of age. He should be good for 20 goals next season and maybe 50 points.

That's a lot of money for that kind of production, and this is a lot of money for a 37-year-old, undoubtedly trending downward. It seems especially rich in context. Sure, he might have been able to get this on the open market (since GMs be crazy, yo), but you'd have thought Elias, of all people, would have been amenable to taking something of a hometown discount. On first glance, it sure looks like he didn't.

Good on the Devils for retaining Elias and allowing him to close out his incredible career where it began, but I'm not so sure it should have cost them $16.5 million to do it.

The Devils also announced Thursday that they had re-signed winger Danius Zubrus, also for three years, at $9.3 million. The cap hit there will be $3.1 million.

Related coverage on Yahoo! Sports:
Tyler Seguin headed to Stars in blockbuster, seven-player trade
Daniel Alfredsson wouldn't really leave Ottawa, would he?
Canadiens' Blake Geoffrion ponders comeback bid
Maple Leafs buy out Mikhail Grabovski, eye Tyler Bozak

View Comments (16)
  • Ducks-Flyers Preview

    What coach Bruce Boudreau called his team's worst loss in at least two months opened a lengthy trip that threatens to ground the Anaheim Ducks. The Ducks will try to regroup from an ugly streak-snapping defeat by picking up their sixth consecutive … More »

    AP - Sports - 7 hours ago
  • Oilers-Devils Preview

    The New Jersey Devils' unexpected success this season has come without any distinguished face of the franchise, a moniker that fit Martin Brodeur for 20-plus seasons. Connor McDavid's status as the Edmonton Oilers' poster boy is in its infancy. … More »

    AP - Sports - 7 hours ago
  • Panthers-Sabres Preview

    The offensive surge that keyed the Florida Panthers' rise in the Atlantic Division has dissipated during only their second losing streak since early December. Things could get worse before they get better without one of their go-to scorers, while … More »

    AP - Sports - 8 hours ago
  • Lightning-Canadiens Preview

    Ben Scrivens toiled in the minors through the first three months of the season wondering when he'd get his next chance in the NHL, and he didn't exactly impress the Montreal Canadiens when they acquired him at the end of December. Scrivens will … More »

    AP - Sports - 8 hours ago
  • TV lights go out at TD Garden during Beanpot championship

    The championship game of the 64th edition of Boston's Beanpot college hockey tournament was delayed for about 30 minutes on Monday night when the rink TV lighting went out in the first period. Boston University and Boston College were tied 0-0 with … More »

    The Canadian Press - 8 hours ago