Screen shot 2011-06-30 at 6.04.35 PMAs first reported by Tim Panaccio and quickly confirmed by the other beat reporters, the Flyers will not submit an offer sheet to Steven Stamkos.

Deep breath.

There are two sides to this: Had the Flyers submitted an offer, they may have had to wait over a week to find out if the Lightning would match it. This would have handcuffed them during the most critical week of the year…. On the flip side, trading Carter made room for Bryzgalov. Trading Richards, however, freed up a lot of cap space, which most of us thought would be used to sign a big-name player like Stamkos. Looks like that won't be the case.

Buckle up. Tomorrow begins free agency. I still wouldn't rule out something crazy happening. Homer's been drunk with power for eight days now.