The Phoenix Coyotes announced the afternoon they have signed David Schlemko to a two year contract. He was scheduled to become a restricted free agent after the season ended. The blueliner was initially signed by the club as a free agent back in 2007 and has played his entire professional career for the Phoenix organization. He has 6 goals and 27 assists in the 118 games he's played in the NHL over the past 5 seasons. The Edmonton native is currently out of the Phoenix lineup due to an undisclosed injury.

GM Don Maloney's comments from the team's press release:

"We are very pleased to sign David to a multi-year contract," said Maloney. "David is a skilled defenseman and has developed into a reliable player for us. In today's game where skating, mobility and puck movement are so important for defensemen, David's talent makes us a better team."

Update: According to Capgeek, the deal is for $2,375,000 over 2 years. He will be paid $1,100,000 next season and $1,250,000 during the 2014-2015 season.