Skip to content

Updated: Kessel inks eight-year, $64 million extension with Leafs

Oct 1, 2013, 11:50 AM EST

Phil Kessel Getty Images

Last night it came out that the negotiations between the Toronto Maple Leafs and star forward Phil Kessel had intensified. Now the contract talks are almost finalized, according to TSN’s Darren Dreger and Bob McKenzie.

UPDATE (11:48 a.m. ET)

It’s finalized. The Leafs have announced Kessel’s signed an eight-year deal, with various outlets confirming the $64 million price tag. The Globe and Mail reports it has a no-movement and limited no-trade clause.

At that cap hit, Toronto would have about $42 million committed to 11 players in 2014-15 based on Cap Geek’s numbers. That doesn’t factor in the restricted free agents they will have to deal with over the offseason, including Cody Franson and goaltender James Reimer.

The other half of Toronto’s goaltending tandem, Jonathan Bernier, as well as forward Nazem Kadri are set to become restricted free agents in the summer of 2015.

Signing Kessel now spares the Maple Leafs and Kessel a season of intense trade speculation, but it also obviously means securing a vital member of the team. Kessel has emerged as a point-per-game player over his tenure in Toronto and has managed to stay relatively healthy.

The Wisconsin-native reached the 30-goal mark for four straight seasons before the shortened campaign. In 2013, he tied for seventh in the NHL with 52 points.

Toronto’s next order of business is reportedly captain Dion Phaneuf. Those negotiations might be tough though, as Phaneuf wants $6.5 million annually at a minimum, according to TSN’s Darren Dreger.

Latest Posts
  1. Capitals call up Burakovsky

    Mar 5, 2015, 9:46 AM EST

    Andre Burakovsky AP

    May not be a good sign regarding Michael Latta.

  2. Rangers take the positives out of OT loss to Red Wings

    Mar 5, 2015, 1:04 AM EST

    Cam Talbot AP

    Fighting for tops in the Metropolitan Division.

  3. Video: Hammond, Senators win again

    Mar 5, 2015, 12:19 AM EST

    Ottawa Senators v Winnipeg Jets Getty Images

    What a roll he and the Sens are on.

  4. Video: Iginla reaches 20-goal mark for 16th time in NHL career

    Mar 4, 2015, 11:36 PM EST

    Ottawa Senators v Colorado Avalanche Ottawa Senators v Colorado Avalanche

    He’s been consistently putting the puck in the net at the NHL level since 1996.

  5. Video: Zidlicky’s first goal with Detroit gives Red Wings OT win over Rangers

    Mar 4, 2015, 11:06 PM EST

    Marek Zidlicky, Jesper Fast AP

    What better way to make an impression on new teammates.

  6. Video: Byfuglien leaves game with upper-body injury

    Mar 4, 2015, 9:49 PM EST

    Dustin Byfuglien Getty

    Big Buff out could be a Big Loss for Winnipeg.

  7. Isles’ Martin suspended one game for ‘reckless’ knee on Daley

    Mar 4, 2015, 8:26 PM EST

    MartinDaley

    Also, for causing “significant injury.”

  8. NHL GMs to address emergency goalie rule following Florida incident

    Mar 4, 2015, 6:50 PM EST

    Roberto Luongo, Al Montoya Getty Images

    “It’s definitely an issue that needs a collective focus from our managers and the league in terms of how to deal with it.”

  9. Julien talks up Bergeron as next Bruins captain

    Mar 4, 2015, 6:18 PM EST

    patricebergerongetty Getty Images

    “It’s probably undeniable that down the road when [Chara] is done with his career, if Bergeron is here it would be pretty hard to not make him the next captain.”

  10. Get your game notes: Rangers at Wings, Rivalry Night

    Mar 4, 2015, 5:30 PM EST

    cd0ymzcznguwzdbhnduynddiytjhm2yyzthlmtjjotqwyyznptyzogi1mdrmnjbmndc0odgwmzmyyzm5mmi3zdzjodlj AP

    An Original Six matchup at the Joe.

  11. Season over? Clarkson out 4-6 weeks with torn oblique muscle

    Mar 4, 2015, 4:43 PM EST

    New Jersey Devils v Columbus Blue Jackets Getty Images

    Has appeared in just three games for the Blue Jackets since being traded from Toronto.

  12. TVR to play this weekend for Rockford (AHL)

    Mar 4, 2015, 4:13 PM EST

    Trevor van Riemsdyk Getty Images

    ‘Hawks are hoping he can “recapture” his early-season form.

Featured video

Reactions from NHL trade deadline
Top 10 NHL Player Searches
  1. K. Okposo (2882)
  2. H. Lundqvist (2839)
  3. M. Giordano (2757)
  4. F. Andersen (2701)
  5. T. Seguin (2515)
  1. H. Zetterberg (2419)
  2. N. Horton (2358)
  3. T. Hall (2111)
  4. D. Clarkson (1931)
  5. P. Sharp (1923)