Report: Callahan expected to sign extension with Lightning for '5 or 6 years'

The Tampa Bay Lightning and forward Ryan Callahan are expected to sign a contract extension that spans five-to-six years and is worth upwards of $5 million annually, according to Bob McKenzie. The deal is expected to be signed on Wednesday.

Another thing of note with the reported extension, according to Andrew Gross the New York Rangers would receive a second-round pick in the 2015 draft and send the Lightning a seventh-round pick in 2015.

Pierre LeBrun noted after 12:01 a.m. ET, Callahan's camp received "a few calls" from other teams as unrestricted free agents were allowed to be approached.

According to LeBrun the reported deal includes a partial no-trade clause.