Published Wednesday, 09 May 2012
Murphy in action with the Giants. (© Micheal Cooper)
Scottish-born Murphy was the stingiest keeper in the championship last season with a 92.6% save record, seven shutouts and a 1.79 goals against average.
He won a string of accolades for his performances at the Odyssey including best league netminder and was named in the league's all-star team.
"Without a doubt, Murph is the most valuable player in the league," said Giants General Manager Todd Kelman. "I am very pleased to have him back for another season.
We have a very strong core of non-import players, which have been the key to our championships over the last few years - at the heart of that is Murphy
"There isn't a player in the league I would sign over Murphy and although it took a little longer to get him signed this year, we now know the type of players we need to sign to defend our title."
Coach Doug Christiansen added: "Getting Stephen back is a massive coup for us.
"Murphy is the best goalie in the league and was our best player last season.
"Murph has ice water running through his veins. He is extremely composed and never gets upset. He is very focused on his job and maintains his own routine. I am excited to work with him."
The upcoming season will be Murphy's fourth with the Belfast Giants.