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Sabres, Myers finalize seven-year extension, reportedly worth $38.5 million

The Sabres and defenseman Tyler Myers wrapped up their contract extension talks this morning, with the sides agreeing to a seven-year deal.

TSN is reporting the deal is worth $38.5 million. Myers will make $12 million, including a $10 million signing bonus, in the first year of the deal (2012-13). The remain salaries, according to TSN, are $6 million in 2013-14, $5 million in '14-15 and '15-16, followed by $4 million, $3.5 million and $3 million. The annual salary cap hit is $5.5 million

"We had two sides that wanted to stay together," Myers' agent, J.P. Barry, told The News on Wednesday. "Tyler wanted to remain a Sabre, and having this done at an early stage was something that he wanted. He's happy that the club approached him about wanting to do this early."

The 21-year-old is entering the final year of his three-year, entry-level contract that pays $1.3 million per season. The new long-term pact will keep him in Buffalo through 2018-19.

The Sabres have called a news conference featuring owner Terry Pegula, team President Ted Black and General Manager Darcy Regier for 2 this afternoon in First Niagara Center.

---John Vogl

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John Vogl

John Vogl

John Vogl has been covering the Sabres since 2002-03, an era that has included playoff runs, last-place finishes and three ownership changes. The award-winning writer is the Buffalo chapter chairman for the Professional Hockey Writers’ Association.

@BuffNewsVogl | jvogl@buffnews.com

About Sabres Edge


Mike Harrington

Mike Harrington

Mike Harrington, a Canisius College graduate who began his career as a News reporter in 1987, has been covering the Buffalo Sabres since 2007. He is a member of the Professional Hockey Writers' Association and can vouch that exposed flesh freezes instantly when walking in downtown Winnipeg in January.

@BNHarrington | mharrington@buffnews.com


Amy Moritz

Amy Moritz

Amy Moritz, a native of Lockport, has a bachelor’s degree in journalism/mass communication from St. Bonaventure University and a master’s degree in humanities from the University at Buffalo. An endurance athlete, she has completed several triathlons, half marathons and marathons.

@amymoritz | amoritz@buffnews.com

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