Skip to content

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

Oct 1, 2013, 11:50 AM EDT

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. Sharks’ goalie Niemi pulled early in third period

    Apr 25, 2014, 12:48 AM EDT

    Sharks Kings Hockey AP

    They’ll rest him for Game 5 – unless San Jose comes back.

  2. Wild hold off late Avalanche push to even series at 2-2

    Apr 25, 2014, 12:16 AM EDT

    Colorado Avalanche v Minnesota Wild - Game Four Getty Images

    All Minny in this one, as we said earlier.

  3. Marchand was so relieved Boston won, he ‘kissed’ Iginla

    Apr 25, 2014, 12:05 AM EDT

    marchandap AP

    Insert “Did he miss Iginla’s head?” jokes.

  4. Video: Sheppard shows hand-eye coordination to even the score for Sharks

    Apr 24, 2014, 11:45 PM EDT

    San Jose Sharks v Los Angeles Kings - Game Four Getty Images

    Timing of the goal couldn’t have been better for San Jose.

  5. Video: Brad Marchand misses the mark a few times

    Apr 24, 2014, 10:51 PM EDT

    Boston Bruins v Detroit Red Wings Getty Images

    His haters rejoice on Thursday (at least so far).

  6. WATCH LIVE: San Jose Sharks at L.A. Kings

    Apr 24, 2014, 10:28 PM EDT

    San Jose Sharks v Los Angeles Kings - Game Three Getty Images

    L.A. looking to stave off elimination.

  7. Selanne brushes off healthy scratch

    Apr 24, 2014, 10:01 PM EDT

    Teemu Selanne AP

    “No hard feelings.”

  8. Monster of a surprise: Red Wings start Gustavsson over Howard

    Apr 24, 2014, 8:05 PM EDT

    jonasgustavssonap AP

    It’s due to flu-like symptoms for Detroit’s normal starter.

  9. All signs point to Zetterberg playing for Red Wings in Game 4

    Apr 24, 2014, 7:44 PM EDT

    Mike Richards, Henrik Zetterberg AP

    This post will be updated if there’s a late swerve.

  10. WATCH LIVE: Boston Bruins at Detroit Red Wings (Game 4)

    Apr 24, 2014, 7:31 PM EDT

    Brad Marchand, Tomas Tatar, Mark Shewchyk, Scot Driscoll AP

    Whether Henrik Zetterberg can go or not.

  11. PHT Extra: Why so many blown leads? Does Fleury have the yips?

    Apr 24, 2014, 5:13 PM EDT

    Pittsburgh Penguins v Columbus Blue Jackets - Game Four Getty Images

    He sure looked yippy last night night in Columbus.

Featured video

No lead is safe in the playoffs?
Top 10 NHL Player Searches
  1. D. Backes (3337)
  2. M. Duchene (2350)
  3. B. Bishop (2147)
  4. H. Zetterberg (2121)
  5. S. Mason (2106)
  1. T. Oshie (2008)
  2. N. MacKinnon (1946)
  3. R. Getzlaf (1604)
  4. T. Bertuzzi (1559)
  5. B. Seabrook (1447)