The Islanders announced they’ve signed Josh Bailey to a five-year contract to remain on Long Island. Bailey’s new deal is reportedly worth $16.5 million and will be an annual cap hit of $3 million per season. He had originally filed for arbitration back on July 10.
In 38 games last season Bailey put 19 points (11 goals, eight assist) and was a big part of the Isles late season push into the playoffs. During the postseason, he added three more points in six games.
“Josh has become an important member of the young core of the players we have in our dressing room,” general manager Garth Snow said in a press release. “We’re excited to come to terms with him on a deal that will ensure he is a member of this team as we solidify ourselves as consistent playoff contenders.”
The new contract mean Bailey will be in an Islander uniform until 2018.