The Philadelphia Flyers have signed forward Matt Read to a four-year, $14.5 million contract extension. The deal has an average annual value of $3.625 million, and kicks in for the 2014-15 campaign. "Coming out of college a couple years ago, Matt was a guy who jumped right into our lineup and scored 24 goals," Flyers general manager Paul Holmgren said. "Now he plays regularly on the power play, he kills penalties, he plays 4-on-4... in short he's a valuable part of our hockey team and it's nice to have him under contract for the next five seasons." The native of Ilderton, Ontario had 11 goals and 13 assists in 42 games last season. In 121 career games, Read has tallied 35 goals and 36 assists and he has good fantasy value as one of the Flyers' top six forwards.