This is ridiculous.
It never seemed like a good signing. They gave him a lucrative 9-year deal with no competition for his services. It was an astoundingly stupid contract that never had to happen. I agree the Flyers needed an elite #1 goalie, and Bryzgalov might have been that for Phoenix, but the Flyers didn't need to give him a 9-year deal ... no other team would have ever offered the same.
The contract was incredibly stupid and made to seem even dumber when the team and HBO saw how Bryzgalov would react to being in a hockey mad market.
My guess is Bryzgalov will return to elite status, but only with a Phoenix-like team ... no media attention, little fan attention - a place where he just plays and nothing else matters.