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TSN is reporting that Flyers forward Simon Gagne has signed a 5-year $26.25 million deal. Gagne, who was apparently asking for $6 million per season has settled for a fair bit less, at $5.25 million. This puts the Flyers at about $43.91 in cap space not including 2 way contracts.
The 2 way contracts don't account for much salary at all if there is any.
What this probably means, as I've said before, is that Keith Primeau, with his $3.04 million salary, could become a bit of a headache to Clarke in the next while, leaving Carke no breathing room under the cap limit. If Primeau plays all season and recovers from his concussion, then there is no problem. But it seems that the salaries of players who are injured long term, like the Bruins' Alexei Zhamnov for example, don't count against a team's cap.
I think there is going to be a bit of a soap opera between Clarke and Primeau yet!
I also think that Gagne is not worth this much, but obviously Clarke sees upside in him still.