What was at first reported on Thursday became reality Friday when Josh Bailey officially inked a contract extension with the New York Islanders.
The final numbers were more or less what Bob McKenzie originally reported: six years, $30 million, with a cap hit (or average annual value) of $5 million per season. Later on Friday, TVA’s Renaud Levoie (he of the SHOUTING OF THE WAIVERS), broke down the year-by-year salary payouts for the deal.
So Bailey’s taking cash on the barrelhead for the first few years, then diminishing to more reasonable numbers.