As Tarik El-Bashir of The Washington Post reports left wing turned right wing Alexander Semin signed a one year extension worth six million dollars. Definitely a smart move to lock up a player the caliber of this young man.
Semin receives a slight raise from his reasonable five million dollar salary while avoiding either an arbitration hearing or offer sheet temptation. The 25-year-old certainly put the production up to deserve a raise, arguably even into the 7 million dollar range. In his last 91 games the native of Krasjonarsk posted 111 points, well over a PPG range.
What does this mean for Semin?
Earlier in the week there was speculation on Semin, amongst others, moving to Atlanta in a swap for Ilya Kovalchuk. Although this deal seems incredibly far-fetched and unlikely, signing Semin to an extension would make him more attractive to a team receiving him.