Flames Sign Alex Tanguay to Five-Year Extension

The Calgary Flames announced on Saturday that they have signed left wing Alex Tanguay to a five-year contract extension worth $17.5 million. The deal will pay him $3.5 million per season. He would have been an unrestricted free agent on July 1. In 79 games last season, he had 22 goals and 47 assists for 69 points. It's not a bad signing for the Flames, although they probably would have been better off signing Tanguay for no more than three years to avoid a long-term contract. However, he will continue to bring plenty of offensive depth and great passing skills to the team.