NEW YORK (CBSNewYork) -- The New York Islanders announced on Monday that they have signed center Josh Bailey to a five-year contract.
ESPN.com reported that the deal is worth $16.5 million.
The 23-year-old, who was drafted by the Isles in the first-round of the 2008 draft, tallied 11 goals and eight assists last season. Bailey has been a consistent element to the Islanders' roster, as he has been with the team for five years and has played in over 300 games.
"Josh has become an important member of the young core of the players we have in our dressing room," Islanders general manager Garth Snow said in a statement. "We're excited to come to terms with him on a deal that will ensure he is a member of this team as we solidify ourselves as consistent playoff contenders."
The Ontario, Canada native dished out three assists in last season's playoff series against the Pittsburgh Penguins. While only playing in 38 games last season, the 6-foot-1 center recorded his highest +/- (7) and shot percentage (14.5) of his career.
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