Per one of the Flyers players and now confirmed by a high-level team source, the team has given defenseman Kimmo Timonen a one-year contract extension. The four-time NHL All Star is still the Flyers' most important defenseman and would have been the top remaining name on the UFA defense market this summer.

Timonen is making a salary of $3 million this season but the cap hit is $6.33 million because it's the final year of the six-year contract he signed in 2007 after coming over from Nashville. The new deal is for $6 million.

More to come...

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