The Toronto Maple Leafs are in the final stages of signing John Tavares to an extension. The move was first reported by TSN’s Darren Dreger. It was later confirmed by the player on the Instagram page for the John Tavares Foundation — and then by the team themselves. Dreger adds that the deal with be a four-year, $17.52MM extension with an annual average value of $4.38MM.
Tavares’ extension will include $2MM in deferred salary – a practice soon to be outlawed in the NHL’s next collective bargaining agreement, per Chris Johnston of The Athletic. Johnston also shares that Tavares’ deal will carry a no-movement clause through the first two seasons, and a five-team no-trade list in the final two.
Toronto gets an important piece of business accomplished, for a price well under what many Leafs fans expected. The deal is a near-$4MM discount against Tavares’ player value, calculated by The Athletic’s statistician Dom Luszczyscyn. Tavares was coming off of a monstrous, seven-year, $77MM contract signed with Toronto on July 1st, 2018. The deal ate up 13.84 percent of Toronto’s cap-hit at the time, and often served to limit the team’s roster flexibility, alongside lofty deals for Auston Matthews, Mitch Marner, and William Nylander.
Now age 34, Tavares will drop his cap hit by nearly two-thirds, and likely ride out the remainder of his career in a Maple Leafs jersey. He’s a Mississauga native, with deep roots in and around the Leafs organization. That includes serving as the team’s captain from 2019 to 2024. He was replaced this season by Matthews.
More to come…