According to Nick Kypreos’ Twitter account, the Philadelphia Flyers and Ilya Bryzgalov are believed to have the “basis of agreement” in place for a long-term deal. Bryzgalov was reportedly looking for something in the range of $7 million annually.

The Flyers will have to clear a significant portion of cap space before the deal can be made official on July 1. Nothing appears to be set in stone here, but we’ll keep an eye out for developments. At least Kypreos has credible sources agreeing with him

UPDATE: Obligatory contradicting statement report

Bryzgalov’s agent, Ritch Winter, responded to claims that his client and the Flyers had an agreement in place by saying that there is no deal.

Via Philly.com:

“I’m not going to respond to anything. They can write whatever they like. I’ve been watching laughingly for two weeks as people make up stuff. I don’t care. It’s not my job to clarify what’s in the newspapers. I’m just not commenting. I never will because it’s never productive. Then I have to deal with you, and then I have to deal with the next guy who wants me to comment on what he just said.”

“We have not got a deal. Period. And we’re not commenting until we do.”

Not surprising that Winter would decline comment until something is finalized. This doesn’t mean that something won’t get done, remember that Kyrpeos had stated that there was an “agreement” in place – not a deal. Also remember, Democratic Congressman Anthony Weiner denied sending lewd photos of himself to a woman over Twitter, only to turn around and admit that he had, in fact, sent lewd photos of himself to said woman. So there is that…