CGY and James Neal were working late into the night on a five year deal. Assuming it got done — it was headed in that direction but nothing official as of yet — it will be an AAV of around $5.75M.
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Report: Flames sign James Neal ($5.75m, 5 years)

Jul 2, 2018, 10:49 EDTUpdated: Jul 2, 2018, 11:24 EDT
The Flames are continuing their aggressive offseason of change by adding one of the biggest names on the UFA market. Although not official yet, many are reporting that the Flames have signed UFA winger James Neal to a five-year, $5.75M contract.
There’s no official details on the contract just yet, but there doesn’t appear to be any indication of a no-move/no-trade clause being given out.
The Flames looking at Neal made a lot of sense, as discussed in his UFA profile. Neal is coming off a 25-goal, 19-assist season with the Vegas Golden Knights. He has scored at least 21 goals in every season in the NHL, making his name as a consistent and effective winger throughout four different stops in his career. Neal has been a Stanley Cup runner-up the past two seasons, finishing just short with the Nashville Predators and the Vegas Golden Knights. He’ll turn 31 in September, but there doesn’t seem to be any hint of him slowing down just yet.
This signing leaves the team with about $12.8M in cap space with nine RFAs to deal with, including Elias Lindholm and Noah Hanifin. You can probably expect a few more moves.
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