Capitals Steal Knuble From Philly

Patrick QuarryContributor IJuly 1, 2009

PHILADELPHIA - APRIL 19:  Mike Knuble #22 of the Philadelphia Flyers skates against of the Pittsburgh Penguins during Game Three of the Eastern Conference Quarterfinal Round of the 2009 NHL Stanley Cup Playoffs  at the Wachovia Center on April 19, 2009 in Philadelphia, Pennsylvania. The Flyers won the game 6-3 to cut the Penguins lead in the series to two games to one.  (Photo by Jim McIsaac/Getty Images)

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 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.