Less than two weeks after signing rookie standout Michael Grabner to a 5-year $15 million deal, the Islanders have locked up another member of their emerging young core to a similar pact.
Kyle Okposo has agreed to terms with the Islanders to a five-year deal that, according to multiple sources, is worth $14 million.
Like Grabner's deal--which starts at $1 million in 2011-12 and escalates $1 million per year for the length of the contract--Okposo's 5-year deal is similarly back-loaded, a source confirmed to Newsday.
The structure of the contract breaks down as follows: (11/12) $1 million, (12/13) $2 million, (13/14) $3 million, (14/15) $3.5 million, (15/16) $4.5 million.
Although the 23-year-old right wing missed half of the season with a pre-season shoulder injury, Okposo is considered one of the most valuable and versatile of the team's nucleus.
Okposo, a 1st round pick (7th overall) in 2006, finished with five goals and 15 assists in 38 games this season.
Both Okposo and Grabner were restricted free agents heading into this off-season, but rather than simply extend them a qualifying offer to retain their rights, GM Garth Snow offered them multi-year deals to secure them for the future.
Remaining restricted free agents yet to be re-signed include Josh Bailey, Blake Comeau and Jack Hillen.