Capitals Re-Sign Schultz, Add Fahey, Greentree

The Washington Capitals announced today that they have avoided arbitration with defenseman Jeff Schultz and signed him to a four-year contract worth $11 million. The deal averages out to $2.75 million per season. The team also announced that they have signed defenseman Brian Fahey to a one-year contract and left wing Kyle Greentree to a two-year contract. Financial terms of both of their deals were not disclosed. Schultz isn't a bad signing for the Capitals, as he brings plenty of defensive depth and great size to the blueline. Greentree and Fahey are really nothing more than depth signings, as they will likely spend most of next season in the minors.

Flames Re-Sign Prospect Left Wing Kyle Greentree

The Calgary Flames have announced that they have re-signed prospect left wing Kyle Greentree. Length and terms of the deal were not disclosed. The Flames acquired Greentree last June from the Philadelphia Flyers in exchange for defenseman Tim Ramholt. In two games last season for the Flames, Greentree was held pointless. He also appeared in two games for the Flyers in 2007-08, also scoring no points. This is a good signing by the Flames, as Greentree has lots of offensive potential, however, it will be difficult to judge the effectiveness of the signing until the length of the contract is released. He has lots of scoring potential and is also a very physical forward, making him one of the Flames top prospects and one of their most coveted. He could very well earn a roster spot on the Flames next season, likely on their fourth line, but that will depend on a couple of factors. Greentree making the Flames next season will be contingent on whether or not they re-sign Mike Cammalleri and on how well Greentree performs in training camp in the fall.