Amid speculation and rumors, Mike Knuble has signed a two-year deal with the Washington Capitals.
This came today, July 1st, on the first day of free agency. The deal is reportedly worth $5.6 million over two years.
Tim Panaccio of CSNPhilly.com and TSN, the premier sports network in Canada were the first to break the story.
Knuble said he would take a pay cut to stay in the orange and black, but his agent contradicted the statement by saying the payment cut was too much, and well below Knuble's value on the market.
With the Chris Pronger trade it seemed imminent that the Flyers would not be able to resign the Michigan native. Many Flyer fans held at hope for the soon to be 37-year old when rumors surfaced that former Flyer, Brian Boucher, would be brought back as a cheaper option.
The Flyers still need another center and possibly another winger as well as a backup goalie. Due to these needs, the Flyers could just not afford a $2.6 million cap hit.
Knuble notched 27 goals and 47 points in all 82 games last season.