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Report: Devils re-sign Fayne to avoid arbitration hearing

TSN.ca Staff

7/21/2012 1:55:32 PM

The New Jersey Devils have reportedly re-signed defenceman Mark Fayne and avoided an arbitration hearing that was scheduled for Aug. 2.

According to the Bergen Record in New Jersey, Fayne signed a two-year deal worth $2.6 million on Friday.

The 25-year-old blueliner had four goals and 13 assists while playing in all 82 games for the Devils last season. He also had three assists in 24 post-season games during New Jersey's run to the Stanley Cup Final.

The new deal more than doubles the $555,000 that Fayne earned last season. He will reportedly earn $1.2 million next season and $1.4 million in 2013-14.