PHILADELPHIA, Jan. 18 (UPI) -- Philadelphia Flyers General Manager Paul Holmgren agreed to a three-year contract extension Tuesday, the NHL club said.
The Flyers didn't say how much they will be paying Holmgren, but the Delaware County Times reported the deal will be worth about $4.5 million.
Holmgren, who has held the job since 2006, had been under contract only through the current season.
"I'm particularly proud of the job Paul Holmgren has done with our hockey club and excited to offer him this three-year extension," Chairman Ed Snider said. "He continuously finds the right opportunities to improve our team and gets us closer to our ultimate goal of winning the Stanley Cup."
Holmgren has helped turn the Flyers into a Stanley Cup contender, reaching the finals last season. The team leads the Eastern Conference with 63 points.
Holmgren, 55, expressed his gratitude to his bosses for the contract extension.
"I look forward to working closely with them, the coaches and our players in pursuit of our goal of winning the Stanley Cup," he said.
The St. Paul, Minn., native played for Philadelphia from 1975-84 before become an assistant coach and then head coach for the team. He then coached and managed the Hartford franchise, returning to the Flyers in 1999 as assistant general manager.